Company Intelligence Profile
Less Carbon Technologies Private Limited
Bengaluru-based carbon accounting and ESG intelligence SaaS platform, operating under the brand "StepChange," and the Indian subsidiary of US-incorporated Stepchange Inc.
Last updated 17 August 2026
Less Carbon Technologies Private Limited, operating as "StepChange," is a Bengaluru-based SaaS platform specializing in carbon management and ESG intelligence. The company reported Rs 15.16 Cr in revenue for FY2025, marking a 64% year-over-year growth. Notably, it is the first official regional partner of the Partnership for Carbon Accounting Financials for the Global South.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Less Carbon Technologies Private Limited |
|---|---|
| CIN | U74994KA2022FTC158155 |
| PAN | AAECL9280E |
| Status | Active (Foreign-controlled/subsidiary Private Limited Company, "FTC" in CIN) |
| Listing | Not listed (unlisted private company) |
| Incorporated | 21 February 2022 |
| ROC | RoC Bangalore / Karnataka |
| Sector (NIC) | IT Consulting & Support Services / NIC — "M9: Other professional, scientific and technical activities n.e.c."; industry tag "Information Technology" / "Business Services" |
| Registered address | Source conflict — Tofler lists "S-805 Prestige Acropolis Apartments, #20 Hosur Road, Next to Forum Mall, Bangalore South, Karnataka 560029" |
| Authorized capital | Rs 1,00,000 (Rs 1 Lakh) |
| Paid-up capital | Rs 67,470 |
Business Overview
- Operates as "StepChange" — a unified SaaS platform for carbon management, ESG intelligence and climate/nature risk assessment
- Enables Scope 1-3 GHG measurement, financed-emissions tracking for financial institutions, ESG/vendor performance monitoring, and climate/nature risk evaluation, aligned to PCAF, GRI, TCFD, ISSB and IFRS standards; markets 350+ enterprise integrations
- Described as the first official regional partner of the Partnership for Carbon Accounting Financials (PCAF) for the Global South
- Named clients include Union Bank of India, ICICI Bank, ITC Limited, Syrma SGS and Saison International
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Ankit Jain | 08277181 | - | 21 Feb 2022 |
| Aanchal Sagar Jain | 03068350 | - | 21 Feb 2022 |
Financials
- FY2025 (year ended 31 Mar 2025) revenue: Rs 15.16 Cr, reported as 64% YoY growth
- EBITDA, PAT and net worth are paywalled/"locked" on TheCompanyCheck and not obtained elsewhere — reported as "not obtained." Not stated whether standalone or consolidated; given it is a subsidiary of Stepchange Inc., these figures likely reflect the standalone Indian entity's filed financials, but this is inferred, not confirmed
- Prior-year (FY2024) revenue band cited elsewhere as Rs 1 Cr-100 Cr
Charges/Loans
No charges (secured loans/mortgages) registered with the RoC as of the data pulled.
Legal
- 4 related civil-miscellaneous applications found on Indian Kanoon, Delhi High Court: "Less Carbon Technologies Private Limited & Another vs Government e-Marketplace SPV & Others" — CM APPL
- 60573/2024, 60574/2024, 62261/2024, with hearings on 15 Oct 2024, 22 Oct 2024, 4 Dec 2024 and 19 Dec 2024 (bench included Justices Tushar Rao Gedela, Manmohan, and Vibhu Bakhru on the final listed date)
- Company represented by advocates Ashim Sood and Siddharth Nath
- Nature/outcome of the dispute (vs. Government e-Marketplace) was not detailed in the fetched summary — flag for a deeper Indian Kanoon read if needed
Competitors
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