Let’s recap some old things and put the mentioned companies and events on a timeline. Familiar hands appeared in the jam jar quite soon after Tecnotree got its new major owners. 
27.12.2018
Luminos Sun Holding and the subsidiary of the ASSCCL bank scam are established in the British Virgin Islands.
16.3.2019
Tecnotree postpones the 2018 Annual General Meeting from 10.4.2019 → 15.5.2019: ”delay will allow Luminos Sun Holding Ltd (LHS) and Tecnotree to complete the listing formalities and Luminos Sun Holding Ltd. can participate in its first AGM this year”.
22.4.2019
Ayshwarya Syndicate LLP is registered in India. The name is changed to Tecnovos in early 2020. Domains: Kartik Ravichander. Trademarks: Kartik Ravichander.
22.8.2019
Syndicate Tech is registered in India. Management: Kartik Ravichander (CEO) & Kaustubha Mani Gokul (Counsel). Domain: Kartik Ravichander.
9/2019
Syndicate Tech presents Tecnotree as its customer and the Spark wallet as its product on its website.
24.12.2019
The Tecnovos.com domain is purchased. Registrant: Ayshwarya Syndicate. Syndicate Tech becomes Tecnovos. Tecnovos presents Tecnotree as its customer and the Spark wallet as its product. Trademark: Kartik Ravichander. ASSCCL bank ”licenses the Spark wallet from Tecnovos”.
3.2.2020
Pericius Technologies DMCC (Kartik Ravichander) and Panindica Business Services DMCC* (Kaustubha Mani Gokul) are registered in Dubai.
*Padma’s personal assistant at Tecnotree served in their position through Panindica. Pericius’s HR Director served in their position through Panindica.
1.2.2021
Tecnotree releases the new ”Spark Digital Wallet”, which is 1:1 with Syndicate Tech’s/Tecnovos’s/Pericius’s Spark.
20.7.2021
The Pericius.com domain is purchased. The new owner only shows as ”Dubai”. Tecnovos is rebranded as Pericius. Pericius presents Tecnotree as its customer and the Spark wallet as its product.
24.11.2021
Pericius Technologies Computer Systems Software Design L.L.C is registered in Dubai. The company registry shows Padma’s assistant’s @pericius.com address as the email.
9.12.2021
Pericius Technologies Private Ltd is registered in India.
10-12/2023
Tecnotree pays a 2 million euro prepayment to Pericius.
6.8.2024
Updates are made to Pericius’s website. Mentions of Dubai and Nigeria, as well as Dubai Pericius contact information, disappear from the Contact Us page. They are replaced by the contact information for Pericius India.
9.8.2024
A few more changes are made to Pericius’s website. Three people disappear from the About Us page, and new ones are added(?). The Spark wallet presentation disappears from the Products page. Pericius’s name is mentioned for the first time in Tecnotree’s materials and in an Inderes interview.
THE MONEY
Next, let’s put the euros on a timeline. At the same time, let’s take a closer look at the Dubai real estate transaction data mentioned in the fall.
2021
1-12/2021 Luminos sells TT shares for approximately 7.7 million euros
15.6.2021 Padma buys a 280-square-meter apartment
28.12.2021 Padma and Kartik jointly buy a 1082-square-meter apartment
2022
1-12/2022 Luminos sells TT shares for approximately 6.7 million euros
11.3.2022 Padma sells the 280-square-meter apartment
15.4.2022 Kartik buys a 154-square-meter apartment
6.9.2022 Padma buys TT shares from Fitzroy for 5.55 million euros
5.10.2022 Kartik buys a 601-square-meter apartment
2023
1-12/2023 Luminos sells TT shares for approximately 1.4 million euros
23.2.2023 Kartik buys a 265-square-meter apartment
11.5.2023 Padma buys TT shares from Fitzroy for 2.36 million euros
3.8.2023 Kartik sells the 601-square-meter apartment
7-9/2023 Padma pays for VKK (Convertible Bond) subscriptions worth 5.8 million euros
20.11.2023 New mortgage on the 1082-square-meter giant apartment (Padma & Kartik)
10-12/2023 Tecnotree pays Pericius a 2 million euro prepayment
10-12/2023 Padma pays for VKK (Convertible Bond) subscriptions worth 7.2 million euros
To finish, as a recap of the old, here is a link to the post where, among other things, Kartik’s role in the Tecnotree AGM was examined. If the overall situation was not familiar, many strange coincidences have been discussed in this thread between the fall of 2024 and the summer of 2025. How Tecnovos and Pericius have over the years recruited employees directly for Tecnotree projects. Additionally, for example, how the same Indian accounting firm that expanded to Dubai was the choice for the Ravichanders’ family business, Pericius, the ASSCCL ”bank,” and Tecnotree’s Indian subsidiaries. And how Tecnotree’s current CFO came from that same outfit.