About Lucid IT Solutions Private Limited
Data last updated:
Lucid IT Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 06 September 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2001PTC029500. Its GSTIN is 29AAACL6938M1ZV (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Chilimpenth Sarojini Pradeep (Managing Director) and Lakshmanan Balasubhadra Achary Manikantan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.212 Jyothi Villa Vinayaknagar Rameshnagar Post Near Blind School, Bangalore, Karnataka, India – 560037.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.09 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹40.22 Lakh (net margin 6.6%) and EBITDA of ₹42.16 Lakh (EBITDA margin 6.9%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 11% over five years.
The company has about 49 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10 Lakh on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lucidits.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo.212 Jyothi Villa Vinayaknagar Rameshnagar Post Near Blind School, Bangalore, Karnataka, India – 560037
- IndustryInformation Technology, IT Consulting & Support Services
- 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
Business Activity of Lucid IT Solutions Private Limited
The main business activity of Lucid IT Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Lucid IT Solutions Private Limited FY 2025 filings available
Lucid IT Solutions Private Limited reported revenue of ₹6.09 Cr (up 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Lucid IT Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 21% growth in the latest year. EBITDA rose 82% 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 Lucid IT Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹42.16 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹40.22 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 Lucid IT Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.6% | •••• | •••• | •••• | •••• |
| 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 Lucid IT Solutions 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.
Board of Directors of Lucid IT Solutions Private Limited
Lucid IT Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chilimpenth Sarojini Pradeep | Managing Director | 06 Sep 2001 | 25 Years 1 Months | Current |
| Lakshmanan Balasubhadra Achary Manikantan | Director | 15 Oct 2012 | 14 Years 0 Months | Current |
Peer Comparison of Lucid IT Solutions Private Limited
Lucid IT Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Omnitel Technologies Private Limited | ₹6.14 Cr (FY 2024) | •••• | •••• | 150.0% | •••• | Gurgaon, Haryana, India |
| Emakina (India) Private Limited | ₹6.13 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Pune, Maharashtra, India |
| Shri Misri Solutions Private Limited | ₹6.13 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Bangalore, Karnataka, India |
| Data Vision Private Limited | ₹6.13 Cr (FY 2024) | •••• | •••• | -32.0% | •••• | Dehradun, Uttarakhand, India |
| Aark Infosoft Private Limited | ₹6.11 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Ahmedabad, Gujarat, India |
| Lucid IT Solutions Private Limited this company | ₹6.09 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Bangalore, Karnataka, India |
| Assetcues Solutions Private Limited | ₹6.09 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Pune, Maharashtra, India |
| Ample Softwares Private Limited | ₹6.08 Cr (FY 2017) | •••• | •••• | 102.0% | •••• | Bangalore, Karnataka, India |
| United Trade. Net (India) Private Limited | ₹6.08 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Kanpur, Uttar Pradesh, India |
| Hercules Infotech Private Limited | ₹6.05 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Navi Mumbai, Maharashtra, India |
| Brisk Corporate Services Private Limited | ₹6.04 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Kurnool, Andhra Pradesh, India |
Peers are the five companies nearest above and the five nearest below Lucid IT Solutions by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Lucid IT Solutions Private Limited
Lucid IT Solutions Private Limited is audited by J Ramesh & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J Ramesh & 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.
Ownership and Shareholding of Lucid IT Solutions 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 Lucid IT Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Dec 2011 | Canara Bank | ₹5 Lakh | Open |
| 16 Sep 2011 | Canara Bank | ₹5 Lakh | Open |
Total charge records: 2 View all charges
Legal Cases of Lucid IT Solutions Private Limited
Lucid IT Solutions Private Limited has 6 court cases on record: 3 filed by Lucid IT Solutions, 3 filed against it. All cases are disposed. Status as checked between 02 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 0 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ichor Hospitality Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.A.S.) | Filed by the company against Ichor Hospitality Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (A.S.) | Filed by the company against Ichor Hospitality Private Limited | Disposed |
| High Court of Karnataka | Interim or miscellaneous application | Filed against the company by Ichor Hospitality Private Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Regional Provident Fund Commissioner - II | Disposed |
Full case history
All 6 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 Lucid IT Solutions Private Limited
Lucid IT Solutions Private Limited has a workforce of 49 employees as of Jan 03, 2025.
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 Lucid IT Solutions Private Limited
Lucid IT Solutions Private Limited has 4 board changes on record since 2001: 2 appointments and 2 cessations. The latest: Chilampennethu Sarojiniamma Kochukunju ceased to be Director on 10 May 2021.
Credit Ratings, Litigation & Regulatory Alerts for Lucid IT Solutions 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 Lucid IT Solutions 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 Lucid IT Solutions 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 Lucid IT Solutions Private Limited
Lucid IT Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACL6938M1ZV | 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 Lucid IT Solutions 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 Lucid IT Solutions Private Limited
Lucid IT Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 06 September 2001 (25+ years old) and is registered under CIN U72200KA2001PTC029500.
Lucid IT Solutions reported revenue of ₹6.09 Cr for FY 2025 (up 21% YoY).
Lucid IT Solutions has 2 current directors:
- Chilimpenth Sarojini Pradeep - Managing Director
- Lakshmanan Balasubhadra Achary Manikantan - Director
Lucid IT Solutions reported a net profit of ₹40.22 Lakh (net margin 6.6%) and EBITDA of ₹42.16 Lakh (EBITDA margin 6.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Lucid IT Solutions is 24% over three years and 11% over five years. In the latest year (FY 2025) revenue rose 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Lucid IT Solutions is 29AAACL6938M1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Lucid IT Solutions is U72200KA2001PTC029500. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lucid IT Solutions has 6 court cases on record: 3 filed by the company and 3 filed against it. Most are in the district courts.
Lucid IT Solutions was incorporated on 06 September 2001, making it 25+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Lucid IT Solutions by revenue are Omnitel Technologies Private Limited, Emakina (India) Private Limited, Shri Misri Solutions Private Limited, Data Vision Private Limited, Aark Infosoft Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Chilampennethu Sarojiniamma Kochukunju ceased to be Director on 10 May 2021. Lakshmanan Balasubhadra Achary Manikantan was appointed as Director on 15 Oct 2012. Chilimpenth Sarojini Pradeep ceased to be Director on 21 Dec 2009. Lucid IT Solutions has 4 board changes on record in total.