Lucid Forex Private Limited
About Lucid Forex Private Limited
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Lucid Forex Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the forex services segment of the financial services sector. It was incorporated on 23 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65990TN2018PTC125392. Its GSTIN is 33AADCL7465Q1ZV (Tamil Nadu).
The company has an authorised share capital of ₹27 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors Mohamed Nadeer and Jahir Hussain Jameel Ahamed.
Its last annual general meeting (AGM) was held on 30 June 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Door No. 19 (10) Vanniar Street, Chennai, Tamil Nadu, India – 600001.
As per the financials filed for FY 2023, the company reported a revenue of ₹21.63 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.54 Lakh (net margin 0.1%) and EBITDA of ₹2.29 Lakh (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years.
Company details
Contact details
Lucid Forex Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDoor No. 19 (10) Vanniar Street, Chennai, Tamil Nadu, India – 600001
- IndustryFinancial Services, Forex Services
To see the full contact details of Lucid Forex 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
Business activity
The main business activity of Lucid Forex is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Lucid Forex Private Limited, buy the company report.
Financials of Lucid Forex Private Limited
FY 2023 filings availableLucid Forex Private Limited reported revenue of ₹21.63 Cr (up 1020% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 52% over three years. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹21.63 Cr | ||||
| Other Income | |||||
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| Total Expenses | |||||
| EBITDA | ₹2.29 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.54 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Lucid Forex Private Limited, buy the company report.
Board of directors of Lucid Forex Private Limited
Lucid Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohamed Nadeer | Director | 23 Oct 2018 | 8 Years 0 Months | Current |
| Jahir Hussain Jameel Ahamed | Director | 23 Oct 2018 | 8 Years 0 Months | Current |
Peer comparison
Lucid Forex Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gowri Forex and Travels Private Limited | ₹21.78 Cr (FY 2025) | 11982.0% | Chennai, Tamil Nadu, India | |||
| U.S. Sai Forex Private Limited | ₹21.74 Cr (FY 2025) | -1.0% | Bangalore, Karnataka, India | |||
| Lucid Forex Private Limitedthis company | ₹21.63 Cr (FY 2023) | ₹1.54 Lakh | 0.1% | 1020.0% | Chennai, Tamil Nadu, India | |
| Virtual Forex Private Limited | ₹21.54 Cr (FY 2025) | -25.0% | Howrah, West Bengal, India |
To see the full peer comparison of Lucid Forex Private Limited, buy the company report.
Auditor
Lucid Forex Private Limited is audited by M RAVI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M RAVI | FY 2023 | 200226 |
Shareholding
The shareholding of Lucid Forex Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Lucid Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Lucid Forex 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 Lucid Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Lucid Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCL7465Q1ZV | Tamil Nadu | Active | 02 May 2019 |
To see the full GST registrations and return filing status of Lucid Forex Private Limited, buy the company report.
Recent activity
Lucid Forex Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Jahir Hussain Jameel Ahamed was appointed as Director on 23 Oct 2018.
Frequently asked questions
Lucid Forex is an active private limited company based in Chennai, Tamil Nadu, India. The company works in forex services, within the financial services industry. It was incorporated on 23 October 2018 (8+ years old) and is registered under CIN U65990TN2018PTC125392.
Lucid Forex has 2 current directors:
- Mohamed Nadeer - Director
- Jahir Hussain Jameel Ahamed - Director
The latest financial statements of Lucid Forex on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 June 2023. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Lucid Forex is 33AADCL7465Q1ZV, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Lucid Forex is U65990TN2018PTC125392. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lucid Forex was incorporated on 23 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Lucid Forex by revenue are Gowri Forex and Travels Private Limited, U.S. Sai Forex Private Limited, Virtual Forex Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Jahir Hussain Jameel Ahamed was appointed as Director on 23 Oct 2018. Mohamed Nadeer was appointed as Director on 23 Oct 2018.
The registered office of Lucid Forex is at Door No. 19 10 Vanniar Street, Chennai, Tamil Nadu, India – 600001.
Lucid Forex operates in the financial services industry, in the forex services segment.
Lucid Forex can be reached at its registered office: Door No. 19 10 Vanniar Street, Chennai, Tamil Nadu, India – 600001.
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