Lanco Net Profile
Key Indicators
- Authorised Capital ₹ 12.00 Cr
- Paid Up Capital ₹ 8.84 Cr
- Company Age 25 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 2.50 Cr
- Revenue Growth %
- Profit Growth 26.44%
- Ebitda -6.90%
- Net Worth -3.67%
- Total Assets -0.09%
About Lanco Net
Lanco Net Limited (LNL) is a Public Limited Indian Non-Government Company incorporated in India on 05 January 2000 and has a history of 25 years and two months. Its registered office is in Hyderabad, Telangana, India.
The Company is engaged in the Information Technology Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 12.00 Cr and a paid-up capital of Rs 8.84 Cr.
The company currently has active open charges totaling ₹2.50 Cr.
Sridhar Lagadapati, Sudhakar Evani, and Raghu Velagapudi serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U28110TG2000PLC033224
- Company No.
033224
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
05 Jan 2000
- Date of AGM
21 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Information Technology
Who are the key members and board of directors at Lanco Net?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sudhakar Evani  | Director | 10-Oct-2017 | Current |
| Sridhar Lagadapati | Director | 20-Jun-2006 | Current |
| Raghu Velagapudi | Director | 30-Mar-2015 | Current |
Financial Performance of Lanco Net.
Lanco Net Limited, for the financial year ended 2021, experienced no change in revenue, with a 0% increase. The company also saw a substantial improvement in profitability, with a 26.44% increase in profit. The company's net worth dipped by a decrease of 3.67%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Lanco Net?
In 2021, Lanco Net had a public holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Lanco Kanpur Power Limited
Sridhar Lagadapati and Raghu Velagapudi are mutual person
- Lanco Bay Technology Park Private Limited
Sridhar Lagadapati is a mutual person
- Lanco Enterprise Private Limited
Sridhar Lagadapati and Raghu Velagapudi are mutual person
- Lanco Family Enterprise Private Limited
Sridhar Lagadapati is a mutual person
- Lanco Projects Limited
Raghu Velagapudi is a mutual person
- Lanco Group Private Limited
Raghu Velagapudi is a mutual person
Charges (Loans)
Open Charges
₹2.50 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Global Trust Bank Ltd : 2.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 May 2000 | Global Trust Bank Ltd | ₹2.50 Cr | Open |
How Many Employees Work at Lanco Net?
Unlock and access historical data on people associated with Lanco Net, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Lanco Net, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Lanco Net's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Lanco Net
Recent activity within the organization
- Annual General Meeting
Lanco Net Limited last Annual general meeting of members was held on 21 Sep 2024 as per latest MCA records.
- Balance Sheet
Lanco Net Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
- Director Appointment
Sudhakar Evani was appointed as a Director was appointed as a Director on 10 Oct 2017 & has been associated with this company since 7 years 5 months .
- Director Appointment
Raghu Ram Velagapudi was appointed as a Director was appointed as a Director on 30 Mar 2015 & has been associated with this company since 9 years 11 months .
- Director Appointment
Sridhar Lagadapati was appointed as a Director was appointed as a Director on 20 Jun 2006 & has been associated with this company since 18 years 9 months .
- Charges
A charge with Global Trust Bank Ltd amounted to Rs. 2.50 Cr with Charge ID 90122894 was registered on 17 May 2000.
Recent News, Updates & Announcement
- Jindal Power may join race to buy Lanco Amarkantak.
JPL has filed a petition with the Amaravati bench of the National Company Law Tribunal for approval to join the auction process of Lanco Amarkantak Power, said people with knowledge of the matter..
- NHPC inks pact to acquire 500 MW Teesta VI hydro project.
It would supply power at a levelised tariff of Rs 4.07 per unit and would be completed in next five years, NHPC Chairman and MD Balraj Joshi said at a press conference here.
- NCLT okays start of Lanco Amarkantak bankruptcy process.
Power co pleaded that proceedings were under RBI norms invalidated by Supreme Court..
- Lanco Thermal Power receive a claim of Rs 24,000 crore.
Among the 15-20 lenders to the company are Andhra Bank, ICICI Bank, Axis Bank, Canara Bank, and IDBI Bank, sources said..
- NCLT approves NHPC's Rs 907 crore bid for 500 MW.
'Resolution Plan submitted by the NHPC Ltd for Lanco Teesta Hydro Power Ltd has been approved by NCLT Bench, Hyderabad,' NHPC said in a BSE filing.
Frequently asked questions
What is the Incorporation or founding date of Lanco Net Limited?
Lanco Net Limited was incorporated on 05 Jan 2000.
What is authorized share capital and paid-up capital of Lanco Net Limited?
The authorized share capital of Lanco Net Limited is ₹ 12.00 Cr and paid-up capital is ₹ 8.84 Cr.
Who are the current board members & directors of Lanco Net Limited?
Currently 3 directors are associated with Lanco Net Limited.
- Sridhar Lagadapati
- Sudhakar Evani
- Raghu Ram Velagapudi
What is the registered address of Lanco Net Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Lanco Net Limited is Plot No. 4 Software Units Layout Hitec City, Madhapur India, Hyderabad, Telangana, 500081.
What is the corporate identification number (CIN) and company number of Lanco Net Limited?
The corporate identification number (CIN) of Lanco Net Limited is U28110TG2000PLC033224 and the company number is 033224 as per Ministry of Corporate Affairs (MCA).
What is the official website of Lanco Net Limited?
The Official website of Lanco Net Limited is https://www.lancogroup.com
What change has been observed in the net worth of Lanco Net Limited, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Lanco Net Limited has experienced an downturn of -3.67%.
What are the total open charges for Lanco Net Limited?
As per the financial statements for fiscal Year 2021, The total open charges for Lanco Net Limited amount to ₹ 2.50 Cr.
When was the last Balance Sheet of Lanco Net Limited filed with the ROC?
The most recent Balance Sheet for Lanco Net Limited was filed with the ROC on 31 Mar 2024.
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