Mobavenue Ai Tech (formerly known as Lucent Industries) is a listed public company, limited by shares, incorporated under the provisions of the erstwhile Companies Act, 1956 on January 01, 2010 and having its registered office situated at 208, White Lotus Plaza, 1 Avantika Nagar, Scheme No 51, Sangam Nagar, Army Head Quarter, Indore, Madhya Pradesh - 452006, India. The Company was originally incorporated under the name and style of Sylph Education Solutions (Sylph). Pursuant to a Special Resolution passed by way of Postal Ballot dated February 18, 2022, the name of the Company was changed to Lucent Industries Limited. Accordingly, a fresh certificate of incorporation was issued by the Registrar of Companies, Gwalior, Madhya Pradesh, vide order dated March 29, 2022.

Lucent Industries has been renamed and is now operating as Mobavenue AI Tech. This transition marks an important milestone as it formally becomes part of the Mobavenue Group.

The company is engaged in the business of advertising and media consultancy, providing services in digital marketing, content creation, mobile advertising, and promotion across various platforms, including mobile phones and other internet-enabled and connected devices. It offers customized computer applications, IT solutions, technical consulting, and support services related to software, data networks, and systems integration. The company also provides a wide range of advertising services, including audio-visual media, digital media, and mobile content. Additionally, it is involved in the development, upgrading, and support of technology in fields such as mobile apps, games, and digital transformation, while promoting and managing various mobile based products, services, and solutions. 

It is a digital-first group specializing in AI-powered advertising, marketing, and consumer media platforms that drive meaningful growth for businesses worldwide. Its platforms harness the power of Deep Learning and Machine Learning to connect businesses with high-intent audiences across smartphones, smart TVs, and emerging connected screens. For agencies, it provides trusted, future-ready tools, and for businesses, it ensures that campaigns deliver clear and measurable outcomes. 

Business area of the company 

The company is a digital-first technology group shaping the future of digital advertising and marketing through AI-powered platforms and consumer media solutions. It delivers & designs products and services that empower businesses to scale digitally, blending advertising, marketing technology, data intelligence, and strategy to unlock their full potential.

Operations of the company

• Advertising & consumer platforms
• Growth & performance marketing

Awards and recognition

• 2023: Best Data Technology for their SurgeXDSP at e4m Real-Time Programmatic Awards.
• 2023: Best Demand-Side Technology for SurgeXDSP at the e4m Real-Time Programmatic Awards.
• 2023: Best Programmatic Capabilities by an Agency at the DATAMATIXX Asia Awards 2024 by Adgully.
• 2023: Excellence in Mobile App Monetization for the Real-Time Programmatic Advertising Awards by e4m.
• 2023: Martech Agency of the Year at the Martech India Awards by e4m.
• 2023: Performance Agency of the Year (7th Edition) by DIGIXX.
• 2025: Best AI Tech Agency of the Year at the DATAMATIXX Asia Awards 2025 by Adgully.
• 2025: The company was recognised with the 2025 Champions of Scale’ Award by Aerospike.