About Lets Corp India Private Limited
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Lets Corp India Private Limited is a foreign private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Lets Corp (S) Pte Ltd. It operates in the enterprise resource planning (ERP) solutions segment of the technology and IT services sector. It was incorporated on 31 October 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2011FTC082934. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹57.29 Lakh. It is led by directors Shravan Kumar Maringanti Venkata Charya (Managing Director) and Sudheendra Gopal Rao.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 715 – A 7th Floor Spencer Plaza Suite #448 Mount Road Anna Salai, Chennai, Tamil Nadu, India – 600002.
As per the financials filed for FY 2015, the company reported a revenue of ₹2.23 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹2.37 Cr (net margin -106.3%) and EBITDA of -₹2.09 Cr (EBITDA margin -93.4%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years.
The company is associated with 1 brand: Lets Corp.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website letscorp.com.
Company details
CIN history
Lets Corp India has one previous CIN (Corporate Identification Number): U72900TN2011FTC082934. The current CIN is U74999TN2011FTC082934, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999TN2011FTC082934 | Current |
| U72900TN2011FTC082934 | Previous |
Contact details
Lets Corp India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is letscorp.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address715 – A 7th Floor Spencer Plaza Suite #448 Mount Road Anna Salai, Chennai, Tamil Nadu, India – 600002
- IndustryInformation Technology, Enterprise Resource Planning (ERP) Solutions
To see the full contact details of Lets Corp India Private 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
Brands
Lets Corp India operates one associated brand: Lets Corp. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Recruitment management solutions are offered to employers on subscription. | letscorp.com |
Business activity
The main business activity of Lets Corp India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Lets Corp India Private Limited, buy the company report.
Financials of Lets Corp India Private Limited
FY 2023 filings availableLets Corp India Private Limited reported revenue of ₹2.23 Cr (down 12% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 36%. 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹2.23 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹2.09 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹2.37 Cr |
| 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
| Metrics | FY 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -93.4% |
| Net Profit Margin | -106.3% |
| 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 | |
To see the full financial statements and ratios of Lets Corp India Private Limited, buy the company report.
Board of directors of Lets Corp India Private Limited
Lets Corp India has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudheendra Gopal Rao Also directs: Agripay Commerce Technologies Private Limited, Socioladder Foundation, Uev Socioladder Technologies Private Limited and 2 more | Director | 04 Sep 2020 | 6 Years 1 Months | Current |
| Shravan Kumar Maringanti Venkata Charya Also directs: Rainfarmer Agri Innovation Private Limited, Agripay Commerce Technologies Private Limited, Socioladder Foundation and 1 more | Managing Director | 31 Jan 2013 | 13 Years 9 Months | Current |
Auditor
Lets Corp India Private Limited is audited by Tambakad & Goil for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Tambakad & Goil | FY 2015 |
Shareholding
The shareholding of Lets Corp India Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Lets Corp India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Lets Corp India Private 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 Lets Corp India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Lets Corp India Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
GST
Lets Corp India has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Lets Corp India Private Limited, buy the company report.
Recent activity
Lets Corp India Private Limited has 10 board changes on record since 2013: 2 appointments and 8 cessations. The latest: Sudheendra Gopal Rao ceased to be Additional Director on 31 Dec 2020.
1 earlier event is in the company report.
Frequently asked questions
Lets Corp India is an active foreign private limited company based in Chennai, Tamil Nadu, India. The company works in enterprise resource planning (erp) solutions, within the information technology industry. It was incorporated on 31 October 2011 (15+ years old) and is registered under CIN U74999TN2011FTC082934.
Lets Corp India has 2 current directors:
- Shravan Kumar Maringanti Venkata Charya - Managing Director
- Sudheendra Gopal Rao - Director
The latest financial statements of Lets Corp India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
No. Lets Corp India has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Lets Corp India is U74999TN2011FTC082934. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lets Corp India was incorporated on 31 October 2011, making it 15+ years old. It is registered with the Registrar of Companies, Chennai.
Sudheendra Gopal Rao ceased to be Additional Director on 31 Dec 2020. Kumaraswamy Vishnukumar ceased to be Director on 17 Dec 2020. Sudheendra Gopal Rao was appointed as Director on 04 Sep 2020. Lets Corp India has 10 board changes on record in total.
Lets Corp India can be reached through the website letscorp.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Lets Corp India is at 715 – A 7th Floor Spencer Plaza Suite #448 Mount Road Anna Salai, Chennai, Tamil Nadu, India – 600002.
Lets Corp India operates in the information technology industry, in the enterprise resource planning (erp) solutions segment.
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