Luit Business Private Limited
About Luit Business Private Limited
Data last updated:
Luit Business Private Limited was a private limited company based in Guwahati, Assam, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 17 February 1997.
The company was registered with the Registrar of Companies (ROC), Guwahati, under CIN U27101AS1997PTC004990.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹6.6 Lakh. It was led by directors Vijay Vashistha and Dinesh Chandra Karmakar.
Its last annual general meeting (AGM) was held on 22 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at C/O Santosh Bajaj House No.12 Hill View Colony, Guwahati, Assam, India – 781020.
As per the financials filed for FY 2018, the company reported a revenue of ₹4.06 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹70,198 (net margin -17.3%) and EBITDA of ₹80,802 (EBITDA margin 19.9%). Revenue has grown at a compounded annual rate (CAGR) of 91% over three years.
Court records list 2 cases involving the company, including 2 filed by the company.
Company details
Contact details
Luit Business Private Limited's registered office is in Guwahati, Assam. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/O Santosh Bajaj House No.12 Hill View Colony, Guwahati, Assam, India – 781020
- IndustryFinancial Services, Financial Activities
To see the full contact details of Luit Business 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 Luit Business 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 Luit Business Private Limited, buy the company report.
Financials of Luit Business Private Limited
FY 2017 filings availableLuit Business Private Limited reported revenue of ₹4.06 Lakh (up 508% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 91% over three years, including 508% growth in the latest year. EBITDA rose 37% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| 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 | ₹80,802 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹70,198 | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 19.9% | |||
| Net Profit Margin | -17.3% | |||
| 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 Luit Business Private Limited, buy the company report.
Board of directors of Luit Business Private Limited
Luit Business has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Vashistha | Director | 13 Feb 2017 | 9 Years 8 Months | As last reported |
| Dinesh Chandra Karmakar | Director | 13 Feb 2017 | 9 Years 8 Months | As last reported |
Peer comparison
Luit Business Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Mokshagna Chit Fund Private Limited | ₹4.06 Lakh (FY 2023) | 152.0% | Vijayawada, Andhra Pradesh, India | |||
| KCG Nidhi India Limited | ₹4.06 Lakh (FY 2023) | 11.0% | Delhi, India | |||
| Upadan Commodities Private Limited | ₹4.06 Lakh (FY 2016) | -99.0% | Kolkata, West Bengal, India | |||
| Bajrangbali Commodeal Private Limited | ₹4.06 Lakh (FY 2025) | -44.0% | Kolkata, West Bengal, India | |||
| Dipshikha Samajik Unnayan Nidhi Limited | ₹4.06 Lakh (FY 2025) | 97.0% | Kolkata, West Bengal, India | |||
| Luit Business Private Limitedthis company | ₹4.06 Lakh (FY 2018) | -₹70,198 | -17.3% | 508.0% | Guwahati, Assam, India | |
| Money Birds Private Limited | ₹4.05 Lakh (FY 2023) | Bhatjangla, West Bengal, India | ||||
| Nediyavila Chits Private Limited | ₹4.05 Lakh (FY 2024) | -42.0% | Kottarakkara, Kerala, India | |||
| Awadh Gram Vikash Nidhi Limited | ₹4.05 Lakh (FY 2023) | 0.0% | Pratapgarh, Uttar Pradesh, India | |||
| Vijayadhanam Nidhi Limited | ₹4.05 Lakh (FY 2025) | 145.0% | Thrissur, Kerala, India | |||
| Mahee Properties Private Limited | ₹4.05 Lakh (FY 2024) | Howrah, West Bengal, India |
To see the full peer comparison of Luit Business Private Limited, buy the company report.
Auditor
Luit Business Private Limited is audited by S. SAMANTA & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. SAMANTA & CO. | FY 2017 | 305020E |
Shareholding
The shareholding of Luit Business Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Luit Business Private Limited, buy the company report.
Legal cases
Luit Business Private Limited has 2 court cases on record: 2 filed by Luit Business. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (MC) | Filed by the company against The Union of India and Ors | Disposed |
| High Court | Writ petition | Filed by the company against The Union of India and Ors | Disposed |
To see the full case history of Luit Business 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 Luit Business Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Luit Business has 4 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Luit Business Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Luit Business Private Limited has 13 board changes on record since 2011: 2 appointments and 11 cessations. The latest: Dinesh Chandra Karmakar ceased to be Additional Director on 22 Sep 2017.
4 earlier events are in the company report.
Frequently asked questions
Luit Business has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Luit Business was a private limited company based in Guwahati, Assam, India. The company worked in financial activities, within the financial services industry. It was incorporated on 17 February 1997 and is registered under CIN U27101AS1997PTC004990. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Luit Business was incorporated on 17 February 1997. It is registered with the Registrar of Companies, Guwahati.
Luit Business had 2 directors:
- Vijay Vashistha - Director
- Dinesh Chandra Karmakar - Director
The CIN (Corporate Identification Number) of Luit Business is U27101AS1997PTC004990. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Luit Business is at CO Santosh Bajaj House No.12 Hill View Colony, Guwahati, Assam, India – 781020.
The latest financial statements of Luit Business on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 22 September 2017. Year-wise statements from 2015 are in the company report.
Luit Business operated in the financial services industry, in the financial activities segment.
The peers of Luit Business by revenue are Mokshagna Chit Fund Private Limited, KCG Nidhi India Limited, Upadan Commodities Private Limited, Bajrangbali Commodeal Private Limited, Dipshikha Samajik Unnayan Nidhi Limited and 5 more, all in the same principal business activity (other financial activities).
Luit Business has 2 court cases on record: 2 filed by the company.
Dinesh Chandra Karmakar ceased to be Additional Director on 22 Sep 2017. Vijay Vashistha ceased to be Additional Director on 22 Sep 2017. Barid Baran Mukherjee ceased to be Director on 31 Mar 2017. Luit Business has 13 board changes on record in total.