MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-02-0036737
Lucid Software Limited - information technology in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹14.57 Lakh
▼ 82% YoY
Net loss · FY 2024
₹61.06 Lakh
Net margin -419%
EBITDA · FY 2024
₹6.18 Lakh
EBITDA margin 42.4%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹2.19 Cr
Issued & subscribed
Open charges
₹40.94 Lakh
Satisfied ₹18 Lakh
Company age
26 yrs
Est. 2000
Employees · EPFO
21
Provident fund records
About Lucid Software Limited
Data last updated:
Lucid Software Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Revantha Technologies Pte Ltd. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 28 February 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2000PLC044263. Its GSTIN is 33AAACL5210C1ZC (Tamil Nadu).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.19 Cr. It is led by directors including Chakravarthy Padmanabhan Madhusudan (Whole-Time Director) and Padithi Reddy Gari Venkata Krishna Mohan Reddy (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹14.57 Lakh, a decline of 82% compared to the previous year. For the same year it recorded a net loss of ₹61.06 Lakh (net margin -419%) and EBITDA of ₹6.18 Lakh (EBITDA margin 42.4%). Revenue has declined at a compounded annual rate (CAGR) of 57% over three years and 50% over five years.
The company has about 21 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Kovid and Lucid Soft. As per MCA filings, the company has open charges of ₹40.94 Lakh and satisfied charges of ₹18 Lakh on record. The company has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹1.81 Cr; the latest was in May 2016. Its 4 peer companies in the Information Technology industry (Software Services), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 2 larger and 2 smaller; the largest is Finesse Enterprises Private Limited with revenue of ₹14.65 Lakh.
Lucid Software Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0036737). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kovidndt.com.
Company details
CIN U72200TN2000PLC044263
Registration Number 044263
Incorporation Date 28 February 2000
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Revantha Technologies Pte Ltd
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0036737
Key People
Chakravarthy Padmanabhan Madhusudan Whole-Time Director Padithi Reddy Gari Venkata Krishna Mohan Reddy Whole-Time Director Udaykumar Reddy Chagari Director Recognitions & Rankings of Lucid Software
Contact details
Lucid Software Limited's registered office is in Chennai, Tamil Nadu. Its website is kovidndt.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address33/137(7&8/137 L – 3 Block – 2) Reddy Kuppam Road Saidapet, Saidapet, Chennai, Tamil Nadu, India – 600015
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Lucid Software Limited, buy the company report.
Comprehensive company report
Lucid Software Limited - one report that includes everything
- 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
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Brands
Lucid Software operates two associated brands: Kovid and Lucid Soft. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Software for Nondestructive Testing | kovidndt.com | |
| Non-destructive testing software is developed for X-ray data analysis. | lucidsoft.net |
Business activity
The main business activity of Lucid Software 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 Software Limited, buy the company report.
Financials of Lucid Software Limited
FY 2024 filings availableLucid Software Limited reported revenue of ₹14.57 Lakh (down 82% YoY) for FY 2024.
Revenue · FY 2024
₹14.57 Lakh ▼ 82%
Net loss · FY 2024
₹61.06 Lakh margin -419%
EBITDA · FY 2024
₹6.18 Lakh margin 42.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 82%
3 years · compounded
▼ 57%
5 years · compounded
▼ 50%
EBITDA CAGR growth
1 year
▼ 58%
3 years · compounded
▲ 29%
5 years · compounded
▼ 44%
Revenue has declined at a compounded annual rate (CAGR) of 50% over five years, including a 82% fall in the latest year. EBITDA fell 58% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹6.18 Lakh | ||||
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| Net Profit (PAT) | -₹61.06 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 42.4% | ||||
| Net Profit Margin | -419% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Lucid Software Limited, buy the company report.
Board of directors of Lucid Software Limited
Lucid Software has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Udaykumar Reddy Chagari | Director | 02 Apr 2018 | 8 Years 6 Months | Current |
| Chakravarthy Padmanabhan Madhusudan Also directs: Vyuhaa Med Data Private Limited | Whole-Time Director | 05 Mar 2007 | 19 Years 7 Months | Current |
| Padithi Reddy Gari Venkata Krishna Mohan Reddy Also directs: Vyuhaa Med Data Private Limited | Whole-Time Director | 28 Feb 2000 | 26 Years 7 Months | Current |
Peer comparison
Lucid Software Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (Software 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 |
|---|---|---|---|---|---|---|
| Finesse Enterprises Private Limited | ₹14.65 Lakh (FY 2025) | 13.0% | Patna, Bihar, India | |||
| Trinitas Software Services India Private Limited | ₹14.59 Lakh (FY 2025) | -9.0% | Hyderabad, Telangana, India | |||
| Lucid Software Limitedthis company | ₹14.57 Lakh (FY 2024) | -₹61.06 Lakh | -419% | -82.0% | 21 | Chennai, Tamil Nadu, India |
| Techfort Software Services Private Limited | ₹14.57 Lakh (FY 2023) | 177.0% | Hyderabad, Telangana, India | |||
| Bioaaa IT Private Limited | ₹14.53 Lakh (FY 2021) | 349.0% | Eluru, Andhra Pradesh, India |
To see the full peer comparison of Lucid Software Limited, buy the company report.
Auditor
Lucid Software Limited is audited by SUNDAR SRINI & SRIDHAR for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUNDAR SRINI & SRIDHAR | FY 2023 | 004201S |
Shareholding
The shareholding of Lucid Software 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 Software Limited, buy the company report.
Charges & borrowings
Open charges
₹40.94 Lakh
Satisfied charges
₹18 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2021 | 100419364 | Hdfc Bank Limited | ₹5.94 Lakh | Open | |
| 23 Apr 2008 | 10100488 | State Bank of India | ₹35 Lakh | Open | |
| 18 Jan 2005 | 90288011 | City Union Bank Limited | ₹9 Lakh | Satisfied | |
| 23 Jun 2003 | 90285591 | City Union Bank Limited | ₹9 Lakh | Satisfied |
To see the full charge records of Lucid Software Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Lucid Software Limited has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹1.81 Cr; the latest was in May 2016.
Total deals
7
Secondary share transfers
4
Funding rounds
2
Rights issue
1
Disclosed funding
₹1.81 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2016 | Rights issue | ₹29.8 Lakh | Investors: Revantha Technologies Private Limited |
| Dec 2010 | Funding round | ₹20.5 Lakh | Investors: Revantha Technologies Private Limited |
| Mar 2009 | Funding round | ₹1.6 Cr | Investors: Revantha Technologies Private Limited |
| Dec 2008 | Secondary share transfer | Undisclosed | Buyer: Revantha Technologies Private Limited Seller: an individual |
| Nov 2008 | Secondary share transfer | Undisclosed | Buyer: Revantha Technologies Private Limited Seller: an individual |
To see the full deal history of Lucid Software Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Lucid Software 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 Software Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Lucid Software Limited has a workforce of 21 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
21
Active EPFO establishments
1
Employee growth
-22.22%
GST
Lucid Software has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACL5210C1ZC | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Lucid Software Limited, buy the company report.
Recent activity
Lucid Software Limited has 9 board changes on record since 2000: 3 appointments and 6 cessations. The latest: Udaykumar Reddy Chagari ceased to be Additional Director on 29 Sep 2018.
AGM
Lucid Software Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Lucid Software Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.06 Cr with Charge ID 100419364 was registered on 30 Jan 2021.
Ceased
Udaykumar Reddy Chagari ceased to be Additional Director.
Ceased
Satish Narayana ceased to be Director.
Appointed
Udaykumar Reddy Chagari was appointed as Director.
Ceased
Sriram Raju ceased to be Director.
Ceased
Poonacha Balyatanda Machaiah ceased to be Director.
Ceased
Chakravarthy Padmanabhan Madhusudan ceased to be Director.
Charges
A charge registered on 18 Jan 2005 via Charge ID 90288011 with City Union Bank Limited was fully satisfied on 04 Jan 2010.
Charges
A charge registered on 23 Jun 2003 via Charge ID 90285591 with City Union Bank Limited was fully satisfied on 04 Jan 2010.
Charges
A charge with State Bank Of India amounted to Rs. 0.35 Cr with Charge ID 10100488 was registered on 23 Apr 2008.
6 earlier events are in the company report.
Frequently asked questions
Lucid Software is an active public limited company based in Chennai, Tamil Nadu, India. The company works in software development and support services, within the information technology industry. It was incorporated on 28 February 2000 (26+ years old) and is registered under CIN U72200TN2000PLC044263.
Lucid Software has 3 current directors:
- Chakravarthy Padmanabhan Madhusudan - Whole-Time Director
- Padithi Reddy Gari Venkata Krishna Mohan Reddy - Whole-Time Director
- Udaykumar Reddy Chagari - Director
The latest financial statements of Lucid Software on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Lucid Software is 33AAACL5210C1ZC, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Lucid Software is U72200TN2000PLC044263. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lucid Software was incorporated on 28 February 2000, making it 26+ years old. It is registered with the Registrar of Companies, Chennai.
Lucid Software has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹1.81 Cr; the latest was in May 2016.
The peers of Lucid Software by revenue are Finesse Enterprises Private Limited, Trinitas Software Services India Private Limited, Techfort Software Services Private Limited, Bioaaa IT Private Limited, all in the Information Technology industry (Software Services), with the same principal business activity (computer programming, consultancy and related activities).
Udaykumar Reddy Chagari ceased to be Additional Director on 29 Sep 2018. Satish Narayana ceased to be Director on 04 May 2018. Udaykumar Reddy Chagari was appointed as Director on 02 Apr 2018. Lucid Software has 9 board changes on record in total.
Yes, Lucid Software is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0036737).
Lucid Software can be reached through the website kovidndt.com. Its registered office is in Chennai, Tamil Nadu, India.