About Lucid IT Solutions Private Limited
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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.
Company details
Contact details
Lucid IT Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is lucidits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.212 Jyothi Villa Vinayaknagar Rameshnagar Post Near Blind School, Bangalore, Karnataka, India – 560037
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Lucid IT Solutions 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 IT 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 Lucid IT Solutions Private Limited, buy the company report.
Financials of Lucid IT Solutions Private Limited
FY 2025 filings availableLucid IT Solutions Private Limited reported revenue of ₹6.09 Cr (up 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹42.16 Lakh | ||||
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| Net Profit (PAT) | ₹40.22 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 6.9% | ||||
| Net Profit Margin | 6.6% | ||||
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To see the full financial statements and ratios of Lucid IT Solutions Private Limited, buy the company report.
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 2 Months | Current |
| Lakshmanan Balasubhadra Achary Manikantan | Director | 15 Oct 2012 | 14 Years 0 Months | Current |
Auditor
Lucid IT Solutions Private Limited is audited by J Ramesh & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J Ramesh & Associates | FY 2023 | 018148S |
Shareholding
The shareholding of Lucid IT Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Lucid IT Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Dec 2011 | 10331583 | Canara Bank | ₹5 Lakh | Open | |
| 16 Sep 2011 | 10311003 | Canara Bank | ₹5 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
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.
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 M/S Ichor Hospitality Pvt Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.A.S.) | Filed by the company against Ichor Hospitality Pvt Ltd. and Anr and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Court case (A.S.) | Filed by the company against Ichor Hospitality Pvt Ltd. and Anr and 1 other | Disposed |
| High Court of Karnataka | Interim or miscellaneous application | Filed against the company by Ichor Hospitality Pvt Ltd | Disposed |
| High Court | Writ petition | Filed by the company against Regional Provident Fund Commissioner - II | Disposed |
To see the full case history of Lucid IT Solutions Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Lucid IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Lucid IT Solutions Private Limited has a workforce of 49 employees on its EPFO records as of Jan 03, 2025, across 1 active EPFO establishment.
GST
Lucid IT Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACL6938M1ZV | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Lucid IT Solutions Private Limited, buy the company report.
Recent activity
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.
Frequently asked questions
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 has 2 current directors:
- Chilimpenth Sarojini Pradeep - Managing Director
- Lakshmanan Balasubhadra Achary Manikantan - Director
The latest financial statements of Lucid IT Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
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.
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.
Lucid IT Solutions can be reached through the website lucidits.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Lucid IT Solutions is at No.212 Jyothi Villa Vinayaknagar Rameshnagar Post Near Blind School, Bangalore, Karnataka, India – 560037.
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