About Lucid Soft
Lucid Soft is an Industrial Goods & Manufacturing company based in Chennai (India) founded in 2000. Non-destructive testing software is developed for X-ray data analysis. The company has 21 employees. Its Indian entity Lucid Software Limited reported revenue of ₹14.6 Lakh. Its focus areas include Enterprise Applications, Manufacturing Tech, Manufacturing Execution System and Non Destructive Testing. Its competitors include Kovid and Samiep; 1 of its 2 listed competitors has raised funding.
Company details
Lucid Soft was founded in 2000 and is based in Chennai, India. Operations focus on the technology sector, specifically non-destructive testing. The Kovid RT software solution is offered for X-ray data analysis, with modules dedicated to data acquisition, defect analysis, visualization, and viewing. Features include automated defect detection, data visualization tools, and integration of algorithms into processing pipelines. Services support industrial applications requiring precise material inspection.
- Headquarters Chennai, India
- Employees 21
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Website lucidsoft.net
- Social LinkedIn Facebook
- Legal Name Lucid Software Limited
- Date of Incorporation 28 Feb, 2000
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹14.6 Lakh
FY 2024 · -82% YoY
- Net Loss-₹61.1 Lakh
FY 2024 · -419% margin
- EBITDA₹6.2 Lakh
FY 2024 · 42% margin
- Investors
- Employee Count21
Associated legal entities of Lucid Soft
Lucid Soft operates through Lucid Software Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Lucid Software Limited CIN U72200TN2000PLC044263 | Active | 28 Feb 2000 | Chennai, Tamil Nadu | ₹0.1 Cr | 21 | 3 | View details |
Funding Insights of Lucid Soft
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Lucid Soft with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2009 | Angel Round | – | – |
1 investors in total: 1 institutional.
Investors in Lucid Soft
Lucid Soft has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Eight Mercatus.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Innovation advisory and incubation services are provided to startup businesses. | eightmercatus.com | Singapore, Singapore |
Investor details for Lucid Soft
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Board of directors of Lucid Software Limited (Lucid Soft)
Lucid Software Limited is the primary company behind Lucid Soft. The board of Lucid Software Limited currently have 3 directors; the longest-serving is Padithi Reddy Gari Venkata Krishna Mohan Reddy, appointed in 2000. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Padithi Reddy Gari Venkata Krishna Mohan Reddy DIN 01848860 | Whole-time director | 28 Feb 2000 | 26 yrs 7 mo | Lucid Software Limited |
| Chakravarthy Padmanabhan Madhusudan DIN 02207792 | Whole-time director | 05 Mar 2007 | 19 yrs 7 mo | Lucid Software Limited |
| Udaykumar Reddy Chagari DIN 06976808 | Director | 02 Apr 2018 | 8 yrs 6 mo | Lucid Software Limited |
Financials of Lucid Soft
Figures of Lucid Software Limited, the primary company behind Lucid Soft, for FY 2024. Revenue was ₹14.6 Lakh (-82% year on year). Net loss was -₹61.1 Lakh (-419% margin). EBITDA was ₹6.2 Lakh (42% margin). Revenue has grown at a compounded annual rate of -57% over three years and -50% over five years.
- ₹14.6 LakhRevenue · FY 2024 · -82% YoY
- -₹61.1 LakhNet loss · -419% margin
- ₹6.2 LakhEBITDA · 42% margin
- ₹2.19 CrPaid-up capital
- 21Employees (provident fund records)
- -57%Revenue CAGR, 3 years
- -50%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Lucid Software Limited are on its company page.
Detailed financial statements for Lucid Soft
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Lucid Soft
2 dated milestones of Lucid Soft across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Lucid Soft is founded.
- Funding First funding round.
Competitors of Lucid Soft
Lucid Soft has 2 listed competitors in our database, 1 of them funded. They include Kovid and Samiep.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kovidndt.com | 2000 | Chennai, India | $150,000 | 17 | Software for Nondestructive Testing | |
| samiep.com | 2009 | Thane, India | Automatic batch production software is provided for formulation-based industries. |
Detailed competitors of Lucid Soft
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Related news about Lucid Soft
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Frequently Asked Questions about Lucid Soft
Lucid Soft was founded in 2000 and raised its 1st funding round 9 years after it was founded.
Lucid Soft is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Lucid Soft has 21 employees.
The primary company behind Lucid Soft, Lucid Software Limited, reported revenue of ₹14.6 Lakh for FY 2024, down 82% year on year.
Lucid Soft was founded in 2000 and is based in Chennai, India. Operations focus on the technology sector, specifically non-destructive testing. The Kovid RT software solution is offered for X-ray data analysis, with modules dedicated to data acquisition, defect analysis, visualization, and viewing. Features include automated defect detection, data visualization tools, and integration of algorithms into processing pipelines. Services support industrial applications requiring precise material inspection.
Lucid Soft has 1 investor. Key investors include Eight Mercatus.
Lucid Soft operates through Lucid Software Limited.
The legal entities of Lucid Soft currently have 3 directors, including Udaykumar Reddy Chagari, Chakravarthy Padmanabhan Madhusudan, Padithi Reddy Gari Venkata Krishna Mohan Reddy.