Lululemon India (Services) Private Limited
About Lululemon India (Services) Private Limited
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Lululemon India (Services) Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Lulu Us Holding Llc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 22 March 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2021FTC145661. Its GSTIN is 29AAECL5614N1Z2 (Karnataka).
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹7 Lakh. It is led by directors including Vaidyanathan Seshan and Lance Langton.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Manyata Embassy Business Park, Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹217.89 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹24.58 Cr (net margin 11.3%) and EBITDA of ₹38.71 Cr (EBITDA margin 17.8%). Revenue has grown at a compounded annual rate (CAGR) of 98% over three years.
The company has about 267 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹67.5 Lakh on record.
Company details
Contact details
Lululemon India (Services) Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address10th Floor Block Nxt – Tower 2, Manyata Embassy Business Park Outer Ring Road Nagawara, Bangalore, Karnataka, India – 560045
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Lululemon India (Services) Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Lululemon India (Services) is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Lululemon India (Services) Private Limited, buy the company report.
Financials of Lululemon India (Services) Private Limited
FY 2025 filings availableLululemon India (Services) Private Limited reported revenue of ₹217.89 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 98% over three years, including 9% growth in the latest year. EBITDA rose 17% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹38.71 Cr | ||||
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| Net Profit (PAT) | ₹24.58 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 17.8% | ||||
| Net Profit Margin | 11.3% | ||||
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To see the full financial statements and ratios of Lululemon India (Services) Private Limited, buy the company report.
Board of directors of Lululemon India (Services) Private Limited
Lululemon India (Services) has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaidyanathan Seshan | Director | 22 Mar 2021 | 5 Years 7 Months | Current |
| Lance Langton | Director | 22 Mar 2021 | 5 Years 7 Months | Current |
| Srijoy Das | Director | 28 Mar 2025 | 1 Years 7 Months | Current |
| Shilpa Balagopalan Also directs: Harshils Rural Development Foundation | Additional Director | 22 Jan 2026 | 0 Years 9 Months | Current |
| Julie Anne Averill | Director | 07 Feb 2023 | 3 Years 8 Months | Current |
| Praveen Kumar Mysore | Director | 10 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Lululemon India (Services) Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alois Technologies Private Limited | ₹222.35 Cr (FY 2025) | 21.0% | Vadodara, Gujarat, India | |||
| Cidc Private Limited | ₹222 Cr (FY 2025) | 39.0% | Bangalore, Karnataka, India | |||
| Lepton Software Export & Research Private Limited | ₹221.66 Cr (FY 2024) | 26.0% | New Delhi, Delhi, India | |||
| Akshara Enterprises India Private Limited | ₹219.97 Cr (FY 2024) | 16.0% | Hyderabad, Telangana, India | |||
| Versa Networks India Private Limited | ₹219.93 Cr (FY 2025) | 22.0% | Bangalore, Karnataka, India | |||
| Lululemon India (Services) Private Limitedthis company | ₹217.89 Cr (FY 2025) | ₹24.58 Cr | 11.3% | 9.0% | 267 | Bangalore, Karnataka, India |
| Bridge Datacentres (Mumbai) Private Limited | ₹216.27 Cr (FY 2025) | 94.0% | Thane, Maharashtra, India | |||
| Pionerr Multi Recharge Private Limited | ₹216.2 Cr (FY 2023) | 1769.0% | Patna, Bihar, India | |||
| Tecnotree Convergence Private Limited | ₹215.98 Cr (FY 2024) | 16.0% | Bangalore, Karnataka, India | |||
| Icall Support Services Private Limited | ₹214.24 Cr (FY 2025) | 616.0% | Gurgaon, Haryana, India | |||
| The Press Trust of India Limited | ₹214 Cr (FY 2025) | 18.0% | New Delhi.1, Delhi, India |
To see the full peer comparison of Lululemon India (Services) Private Limited, buy the company report.
Auditor
Lululemon India (Services) Private Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2023 | 304026E/E-300009 |
Shareholding
The shareholding of Lululemon India (Services) Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Lululemon India (Services) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Apr 2022 | 100568750 | Axis Bank Limited | ₹67.5 Lakh | Satisfied |
To see the full charge records of Lululemon India (Services) Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Lululemon India (Services) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Lululemon India (Services) Private Limited has 4 MSME Form 1 returns on record between 2022 and 2023, listing 30 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| G&W Legal | |||
| United Consultancy Services Private Limited | |||
| an individual supplier | |||
| Ample Digital Private Limited | |||
| Ideas Ahead Av Solutions Private Limited |
To see the full MSME payment records of Lululemon India (Services) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Lululemon India (Services) Private Limited has a workforce of 267 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Lululemon India (Services) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECL5614N1Z2 | Karnataka | Active | 20 May 2021 |
To see the full GST registrations and return filing status of Lululemon India (Services) Private Limited, buy the company report.
Recent activity
Lululemon India (Services) Private Limited has 11 board changes on record since 2021: 6 appointments and 5 cessations. The latest: Shilpa Balagopalan was appointed as Additional Director on 22 Jan 2026.
4 earlier events are in the company report.
Frequently asked questions
Lululemon India (Services) is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 22 March 2021 (5+ years old) and is registered under CIN U72900KA2021FTC145661.
Lululemon India (Services) has 6 current directors:
- Vaidyanathan Seshan - Director
- Lance Langton - Director
- Srijoy Das - Director
- Shilpa Balagopalan - Additional Director
- Julie Anne Averill - Director
- Praveen Kumar Mysore - Director
The latest financial statements of Lululemon India (Services) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Lululemon India (Services) is 29AAECL5614N1Z2, registered in Karnataka.
The CIN (Corporate Identification Number) of Lululemon India (Services) is U72900KA2021FTC145661. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lululemon India (Services) was incorporated on 22 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Lululemon India (Services) by revenue are Alois Technologies Private Limited, Cidc Private Limited, Lepton Software Export & Research Private Limited, Akshara Enterprises India Private Limited, Versa Networks India Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Shilpa Balagopalan was appointed as Additional Director on 22 Jan 2026. Praveen Kumar Mysore was appointed as Director on 10 Jul 2025. Srijoy Das was appointed as Director on 28 Mar 2025. Lululemon India (Services) has 11 board changes on record in total.
Lululemon India (Services) has 4 MSME Form 1 returns on record between 2022 and 2023, listing 30 overdue payments to 7 micro and small suppliers. The latest return was filed on 06 Nov 2023.
The registered office of Lululemon India (Services) is at 10th Floor Block Nxt – Tower 2, Manyata Embassy Business Park Outer Ring Road Nagawara, Bangalore, Karnataka, India – 560045.
Lululemon India (Services) operates in the information technology industry, in the IT consulting and support services segment.
Lululemon India (Services) has no open charges and satisfied charges of ₹67.5 Lakh as per latest MCA filings.
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