About Lakshya Solutions Limited
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Lakshya Solutions Limited is a public limited company based in Bhubaneswar, Odisha, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 17 October 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U30007OR2006PLC008981. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Priyabrata Kar (Managing Director) and Bijay Kumar Jena.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Flat No – 403 4th Floor J.N Tower Patia, Bhubaneswar, Odisha, India – 751024.
As per the financials filed for FY 2019, the company reported a revenue of ₹9.68 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹4.5 Lakh (net margin -46.5%) and EBITDA of -₹2.85 Lakh (EBITDA margin -29.5%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 23% over five years.
As per MCA filings, the company has open charges of ₹1 Cr and satisfied charges of ₹50 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lakshyasolutions.com.
Company details
Contact details
Lakshya Solutions Limited's registered office is in Bhubaneswar, Odisha. Its website is lakshyasolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No – 403 4th Floor J.N Tower Patia, Bhubaneswar, Odisha, India – 751024
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Lakshya Solutions Limited, buy the company report.
- 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
Business activity
The main business activity of Lakshya Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Lakshya Solutions Limited, buy the company report.
Financials of Lakshya Solutions Limited
FY 2019 filings availableLakshya Solutions Limited reported revenue of ₹9.68 Lakh (up 223% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 223% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 23%. EBITDA fell 2% 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹9.68 Lakh | ||||
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| EBITDA | -₹2.85 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹4.5 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -29.5% | ||||
| Net Profit Margin | -46.5% | ||||
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To see the full financial statements and ratios of Lakshya Solutions Limited, buy the company report.
Board of directors of Lakshya Solutions Limited
Lakshya Solutions has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priyabrata Kar | Managing Director | 17 Oct 2006 | 20 Years 0 Months | Current |
| Bijay Kumar Jena | Director | 15 Feb 2015 | 11 Years 8 Months | Current |
| Rina Kar Also directs: Missinglink Solutions (OPC) Private Limited | Director | 15 Feb 2015 | 11 Years 8 Months | Current |
Peer comparison
Lakshya Solutions Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pandian Systems and Solutions Private Limited | ₹9.74 Lakh (FY 2023) | 9741533.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Smartcloud Infotech Private Limited | ₹9.73 Lakh (FY 2024) | -57.0% | Pune, Maharashtra, India | |||
| Bizarre Infotech Private Limited | ₹9.72 Lakh (FY 2023) | 1.0% | Delhi, India | |||
| Lakshya Solutions Limitedthis company | ₹9.68 Lakh (FY 2019) | -₹4.5 Lakh | -46.5% | 223.0% | Bhubaneswar, Odisha, India | |
| Cipra Info Services India Private Limited | ₹9.58 Lakh (FY 2018) | -12.0% | Vijayawada, Andhra Pradesh, India |
To see the full peer comparison of Lakshya Solutions Limited, buy the company report.
Auditor
Lakshya Solutions Limited is audited by B R N & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B R N & ASSOCIATES | FY 2019 | 324928E |
Shareholding
The shareholding of Lakshya Solutions Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Lakshya Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Oct 2008 | 10131794 | Punjab National Bank | ₹1 Cr | Open | |
| 22 Nov 2007 | 10081943 | Punjab National Bank | ₹50 Lakh | Satisfied |
To see the full charge records of Lakshya Solutions Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Lakshya Solutions Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Lakshya Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Lakshya Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Lakshya Solutions Limited, buy the company report.
Recent activity
Lakshya Solutions Limited has 11 board changes on record since 2006: 7 appointments and 4 cessations. The latest: Arindam Chakravorty ceased to be Director on 25 Feb 2015.
6 earlier events are in the company report.
Frequently asked questions
Lakshya Solutions is an active public limited company based in Bhubaneswar, Odisha, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 17 October 2006 (20+ years old) and is registered under CIN U30007OR2006PLC008981.
Lakshya Solutions has 3 current directors:
- Priyabrata Kar - Managing Director
- Bijay Kumar Jena - Director
- Rina Kar - Director
The latest financial statements of Lakshya Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Lakshya Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Lakshya Solutions is U30007OR2006PLC008981. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lakshya Solutions was incorporated on 17 October 2006, making it 20+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Lakshya Solutions by revenue are Pandian Systems and Solutions Private Limited, Smartcloud Infotech Private Limited, Bizarre Infotech Private Limited, Cipra Info Services India Private Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
Arindam Chakravorty ceased to be Director on 25 Feb 2015. Priya Ranjan Barik ceased to be Director on 25 Feb 2015. Sudhir Kumar Panda ceased to be Director on 25 Feb 2015. Lakshya Solutions has 11 board changes on record in total.
Lakshya Solutions can be reached through the website lakshyasolutions.com. Its registered office is in Bhubaneswar, Odisha, India.
The registered office of Lakshya Solutions is at Flat No – 403 4th Floor J.N Tower Patia, Bhubaneswar, Odisha, India – 751024.
Lakshya Solutions operates in the information technology industry, in the IT consulting and support services segment.