About Lake Systems Private Limited
Data last updated:
Lake Systems Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the medical transcription segment of the business process outsourcing sector. It was incorporated on 03 April 1998.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U30007KA1998PTC023579. Its GSTIN is 29AAACL5217F1ZO (Karnataka).
The company had an authorised share capital of ₹75 Lakh and a paid-up capital of ₹32 Lakh. It was led by directors including Pratibha Nakil Deepak and Deepak Dinanath Nakil.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 159 Sarjapur Road I Blockkoramangala Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2023, the company reported a revenue of ₹13,176, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹1.04 Lakh and EBITDA of -₹1.1 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 79% over five years.
The company had about 15 employees on its provident fund (EPFO) records before it was struck off.
As per MCA filings, the company had satisfied charges of ₹1.43 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company.
The last known website on record is lakesys.net.
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- TelephoneLocked
- Website
- Social Media
- Registered Address159 Sarjapur Road I Blockkoramangala Bangalore, Karnataka, India – 560034
- IndustryBusiness Outsourcing, Medical Transcription
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Financials of Lake Systems Private Limited FY 2024 filings available
Lake Systems Private Limited reported revenue of ₹13,176 (down 12% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Lake Systems Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 79% over five years, including a 12% fall in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Lake Systems Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹13,176 | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.1 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.04 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Lake Systems Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Lake Systems are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Lake Systems Private Limited
Lake Systems Private Limited is audited by Gunasheel & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Gunasheel & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Lake Systems Private Limited
Lake Systems has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pratibha Nakil Deepak Also directs: Asteria Softech Private Limited | Director | 03 Apr 1998 | 28 Years 6 Months | As last reported |
| Deepak Dinanath Nakil Also directs: Asteria Softech Private Limited | Director | 03 Apr 1998 | 28 Years 6 Months | As last reported |
| Kadandale Vinod Shetty Also directs: Jaji Developers Private Limited, Sampige Developers Private Limited, Red Terraa Solutions Private Limited and 1 more | Director | 03 Apr 1998 | 28 Years 6 Months | As last reported |
| Prasanna Kumar Shetty | Director | 03 Apr 1998 | 28 Years 6 Months | As last reported |
Ownership and Shareholding of Lake Systems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Lake Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Feb 2011 | The Shamroa Vithal Co-Operative Bank Ltd. | ₹3.45 Lakh | Satisfied |
| 29 Aug 2007 | Shamrao Vithal Co-Operative Bank Limited | ₹33.92 Lakh | Satisfied |
| 25 Jan 2005 | The Shamroa Vithal Co-Operative Bank Ltd. | ₹10 Lakh | Satisfied |
| 25 Jan 2005 | The Shamrao Vithal Co-Op Bank Ltd. | ₹10 Lakh | Satisfied |
| 27 Jul 2000 | The Shamroa Vithal Co-Operative Bank Ltd. | ₹85.86 Lakh | Satisfied |
Total charge records: 5 View all charges
Legal Cases of Lake Systems Private Limited
Lake Systems Private Limited has 3 court cases on record: 1 filed by Lake Systems, 2 where it is another party. All cases are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Company is another party | Disposed |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Company is another party | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Lake Systems Private Limited
Lake Systems Private Limited has a workforce of 15 employees as of May 18, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Lake Systems Private Limited
Lake Systems Private Limited has 4 board changes on record since 1998: 4 appointments. The latest: Deepak Dinanath Nakil was appointed as Director on 03 Apr 1998.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Lake Systems Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Lake Systems Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Lake Systems Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Lake Systems Private Limited
Lake Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACL5217F1ZO | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Lake Systems Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Lake Systems Private Limited
Lake Systems has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Lake Systems was a private limited company based in Bangalore, Karnataka, India. The company worked in medical transcription, within the business outsourcing industry. It was incorporated on 03 April 1998 and is registered under CIN U30007KA1998PTC023579. The company has been struck off by the Registrar of Companies and is no longer operational.
Lake Systems had 4 directors:
- Pratibha Nakil Deepak - Director
- Deepak Dinanath Nakil - Director
- Kadandale Vinod Shetty - Director
- Prasanna Kumar Shetty - Director
The CIN (Corporate Identification Number) of Lake Systems is U30007KA1998PTC023579. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Lake Systems is at 159 Sarjapur Road I Blockkoramangala Bangalore, Karnataka, India – 560034.
Lake Systems was incorporated on 03 April 1998. It is registered with the Registrar of Companies, Bangalore.
Lake Systems can be reached through the website lakesys.net. Its registered office is in Bangalore, Karnataka, India.
Lake Systems reported revenue of ₹13,176 for FY 2023 (down 12% YoY).
Lake Systems has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹32 Lakh.
Lake Systems reported a net loss of ₹1.04 Lakh and EBITDA of -₹1.1 Lakh for FY 2023, as per its filed financial statements.