Lucid It Solutions Private Limited

Provides hotel and restaurant software solutions with global reach.

2001 | Bangaluru, Karnataka (India) | Active
Last Updated: January 03, 2025

Lucid It Solutions Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 1.00 M
  • Company Age 23 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1.00 M
  • Revenue Growth 61.03%
  • Profit Growth 80.15%
  • Ebitda 107.14%
  • Net Worth 26.12%
  • Total Assets 2.13%

About Lucid It Solutions

Lucid It Solutions Private Limited (LISPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 06 September 2001 and has a history of 23 years and five months. Its registered office is in Bangaluru, Karnataka, 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 2023. It's a company limited by shares with an authorized capital of Rs 1.00 M and a paid-up capital of Rs 1.00 M.

The company currently has active open charges totaling ₹1.00 M.

Chilimpenth Pradeep and Lakshmanan Manikantan serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    lucidits.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72200KA2001PTC029500

  • Company No.

    029500

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    06 Sep 2001

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Information Technology

What products or services does Lucid It Solutions Private Limited offer?

Lucid It Solutions Private Limited offers a wide range of products and services, including Hospitality Software, Hotel Software, Accounting & Billing Software, POS Software, Restaurant Management Software, Restaurant Billing Software, Branding & Advertising Agencies, Advertising Service, Corded Telephones, Telephone Instruments.

Who are the key members and board of directors at Lucid It Solutions?

Executive Team (1)

Name Designation Appointment Date Status
Chilimpenth Pradeep Country flag representing In Managing Director 06-Sep-2001 Current

Board Members (1)

Name Designation Appointment Date Status
Lakshmanan Manikantan Country flag representing In Director 15-Oct-2012 Current

Financial Performance of Lucid It Solutions.

Lucid It Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 61.03% increase. The company also saw a substantial improvement in profitability, with a 80.15% increase in profit. The company's net worth Soared by an impressive increase of 26.12%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
61.03%
Revenue from Operations
63.09%
Total Assets
2.13%
Profit or Loss
80.15%
Net Worth
26.12%
EBITDA
107.14%

What is the Ownership and Shareholding Structure of Lucid It Solutions?

In 2023, Lucid It Solutions had a public holding of 1.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1.00 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Canara Bank : 0.10 Cr

Latest Charge Details

Date Lender Amount Status
26 Dec 2011 Canara Bank ₹0.50 M Open
16 Sep 2011 Canara Bank ₹0.50 M Open

How Many Employees Work at Lucid It Solutions?

Lucid It Solutions has a workforce of 49 employees as of Jan 03, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Lucid It Solutions, 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 Lucid It Solutions's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Lucid It Solutions

Recent activity within the organization

  • Annual General Meeting

    Lucid It Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Lucid It Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

    31 Mar 2023

  • Director Appointment

    Lakshmanan Balasubhadra Achary Manikantan was appointed as a Director was appointed as a Director on 15 Oct 2012 & has been associated with this company since 12 years 4 months .

    15 Oct 2012

  • Charges

    A charge with Canara Bank amounted to Rs. 0.50 M with Charge ID 10331583 was registered on 26 Dec 2011.

    26 Dec 2011

  • Charges

    A charge with Canara Bank amounted to Rs. 0.50 M with Charge ID 10311003 was registered on 16 Sep 2011.

    16 Sep 2011

  • Director Appointment

    Chilimpenth Sarojini Pradeep was appointed as a Managing Director was appointed as a Managing Director on 06 Sep 2001 & has been associated with this company since 23 years 5 months .

    06 Sep 2001

Frequently asked questions

  • Lucid It Solutions Private Limited was incorporated on 06 Sep 2001.

  • The authorized share capital of Lucid It Solutions Private Limited is ₹ 1.00 M and paid-up capital is ₹ 1.00 M.

  • Currently 2 directors are associated with Lucid It Solutions Private Limited.

    • Chilimpenth Sarojini Pradeep
    • Lakshmanan Balasubhadra Achary Manikantan
  • As per Ministry of Corporate Affairs (Mca), the registered address of Lucid It Solutions Private Limited is No.212 Jyothi Villa Vinayaknagar Rameshnagar Post Near Blind School, India, Bangalore., Karnataka, 560037.

  • The corporate identification number (CIN) of Lucid It Solutions Private Limited is U72200KA2001PTC029500 and the company number is 029500 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Lucid It Solutions Private Limited is https://www.lucidits.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Lucid It Solutions Private Limited has risen by 61.03%.

  • As Per 2023 financial reports, 49 employees are currently employed by Lucid It Solutions Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Lucid It Solutions Private Limited has experienced an upsurge of 26.12%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Lucid It Solutions Private Limited amount to ₹ 1.00 M.

  • The most recent Balance Sheet for Lucid It Solutions Private Limited was filed with the ROC on 31 Mar 2023.

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