About Placid Limited
Data last updated:
Placid Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 31 July 1946 and has been in existence for over 80 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74140WB1946PLC014233. Its GSTIN is 19AABCP5447J1Z3 (West Bengal). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹31.05 Cr and a paid-up capital of ₹5.37 Cr. It was formerly known as Placid Private Limited. It is led by directors including Ramavtar Holani and Ashwini Kumar Singh (Nodal Officer).
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 7 Munshi Premchand Sarani, Kolkata, West Bengal, India – 700022.
As per the financials filed for FY 2024, the company reported a revenue of ₹827.46 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹44.46 Cr (net margin 5.4%) and EBITDA of ₹69.76 Cr (EBITDA margin 8.4%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 93% over five years.
The company has about 26 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
The company is associated with 2 brands: LNB Renewable and L N Bangur Group. As per MCA filings, the company has open charges of ₹155.02 Cr and satisfied charges of ₹419.08 Cr on record. Court records list 30 cases involving the company, including 26 filed by the company and 4 filed against it; 18 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lnbgroup.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address7 Munshi Premchand Sarani, Kolkata, West Bengal, India – 700022
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
- 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 Placid Limited
The main business activity of Placid is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial 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 Placid Limited FY 2024 filings available
Placid Limited reported revenue of ₹827.46 Cr (up 28% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Placid Limited
Revenue has grown at a compounded annual rate (CAGR) of 93% over five years, including 28% growth in the latest year. EBITDA rose 14% 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 Placid Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹69.76 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹44.46 Cr | •••• | •••• | •••• | •••• |
| 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 Placid Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.4% | •••• | •••• | •••• | •••• |
| 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 Placid 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.
Peer Comparison of Placid Limited
Placid Limited is compared with the companies closest to it by revenue in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lendingkart Finance Limited | ₹866.99 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Mumbai, Maharashtra, India |
| Kosamattam Finance Limited | ₹858.94 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Kottayam, Kerala, India |
| Hasham Investment and Trading Co Pvt Ltd | ₹850.76 Cr (FY 2018) | •••• | •••• | 231.0% | •••• | Bangalore, Karnataka, India |
| Anand Rathi Global Finance Limited | ₹844.1 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Branch International Financial Services Private Limited | ₹831.55 Cr (FY 2025) | •••• | •••• | 137.0% | •••• | Mumbai, Maharashtra, India |
| Placid Limited this company | ₹827.46 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | Kolkata, West Bengal, India |
| Acsys Investments Private Limited | ₹816.89 Cr (FY 2019) | •••• | •••• | 5090.0% | •••• | Chennai, Tamil Nadu, India |
| Micro Units Development & Refinance Agency Limited | ₹803.46 Cr (FY 2018) | •••• | •••• | 50.0% | •••• | Mumbai, Maharashtra, India |
| Geetanjali Trading and Investments Private Limited | ₹795.44 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Edifice Fincap Private Limited | ₹789.89 Cr (FY 2025) | •••• | •••• | 80.0% | •••• | Vadodara, Gujarat, India |
| Arka Fincap Limited | ₹787.93 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Placid by revenue in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), 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 Placid Limited
Placid Limited is audited by AgarwalMaheswari&Co. for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AgarwalMaheswari&Co. | 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.
Board of Directors of Placid Limited
Placid has 5 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramavtar Holani | Director | 23 Apr 2022 | 4 Years 5 Months | Current |
| Ashwini Kumar Singh Also directs: Sidhyayi Greenview Private Limited, Akruray Greenhub Private Limited, Subiray Greeneries Private Limited and 4 more | Nodal Officer | 12 Feb 2020 | 6 Years 7 Months | Current |
| Amit Mehta Also directs: Kiran Vyapar Ltd., Maharaja Shree Umaid Mills Limited, Exponentiator Strategic Ventures LLP and 5 more | Director | 16 Jan 2023 | 3 Years 8 Months | Current |
| Bhaskar Banerjee | Director | 26 Mar 2018 | 8 Years 6 Months | Current |
| Alka Devi Bangur Also directs: The Peria Karamalai Tea and Produce Company Limited, Kiran Vyapar Ltd., The Marwar Textiles (Agency) Private Limited and 4 more | Additional Director | 15 Oct 2025 | 0 Years 11 Months | Current |
Ownership and Shareholding of Placid 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 Placid Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Aug 2025 | Others | ₹1.13 Cr | Open |
| 31 Mar 2025 | Hdfc Bank Limited | ₹14.65 Lakh | Open |
| 23 Sep 2024 | Others | ₹100 Cr | Open |
| 09 Feb 2024 | Others | ₹53.04 Lakh | Open |
| 31 Mar 2023 | Hdfc Bank Limited | ₹1.77 Cr | Open |
Total charge records: 24 View all charges
Legal Cases of Placid Limited
Placid Limited has 30 court cases on record: 26 filed by Placid, 4 filed against it. 18 cases are pending and 12 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 2 | 10 |
| District courts | 12 | 2 | 8 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Civil suit | Filed against the company by The Madhusudan Mills Limited | Disposed |
| Calcutta High Court | Civil suit | Filed by the company against an individual | Pending |
| Calcutta High Court | Civil suit | Filed by the company against an individual | Pending |
| Calcutta High Court | Civil suit | Filed by the company against an individual | Pending |
| Calcutta High Court | Civil suit | Filed by the company against an individual | Pending |
Full case history
All 30 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.
Associated Brands with Placid Limited
Placid operates two associated brands: LNB Renewable and L N Bangur Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| EPC and O&M services for grid-connected solar plants are delivered. | lnbrenewable.com | |
| A business conglomerate was founded in 1918 in Kolkata, India. | lnbgroup.com |
Employees and EPFO Compliance at Placid Limited
Placid Limited has a workforce of 26 employees as of Apr 07, 2024.
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.
Group Structure of Placid Limited
Placid has 6 subsidiary companies and 6 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Golden Greeneries Private Limited | U01403WB2012PTC185150 | Locked |
| Subhprada Greeneries Private Limited | U01403WB2013PTC190529 | Locked |
| Mahate Greenview Private Limited | U01403WB2013PTC193886 | Locked |
| Maharaja Shree Umaid Mills Limited | U17124WB1939PLC128650 | Locked |
| Lnb Renewable Energy Limited | U37100WB2012PLC188046 | Locked |
| Sidhidata Tradecomm Limited | U51909WB2011PLC168576 | Locked |
Showing major subsidiaries. Total: 6.
CIN History of Placid Limited
Placid has one previous CIN (Corporate Identification Number): U74140WB1946PTC014233. The current CIN is U74140WB1946PLC014233, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140WB1946PLC014233 | Current |
| U74140WB1946PTC014233 | Previous |
Recent Activity on Placid Limited
Placid Limited has 22 board changes on record since 2010: 5 appointments and 17 cessations. The latest: Alka Devi Bangur was appointed as Additional Director on 15 Oct 2025.
58 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Placid 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 Placid 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 Placid 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 Placid Limited
Placid has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCP5447J1Z3 | West Bengal | Active | 01 Jul 2017 |
| 36AABCP5447J1Z7 | Telangana | Active | 16 Aug 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 Placid 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 Placid Limited
Placid is an active public limited company based in Kolkata, West Bengal, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 31 July 1946 (80+ years old) and is registered under CIN U74140WB1946PLC014233.
Placid reported revenue of ₹827.46 Cr for FY 2024 (up 28% YoY).
Placid has 5 current directors:
- Ramavtar Holani - Director
- Amit Mehta - Director
- Bhaskar Banerjee - Director
- Alka Devi Bangur - Additional Director
- Ashwini Kumar Singh - Nodal Officer
Placid reported a net profit of ₹44.46 Cr (net margin 5.4%) and EBITDA of ₹69.76 Cr (EBITDA margin 8.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Placid is 17% over three years and 93% over five years. In the latest year (FY 2024) revenue rose 28%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Placid is 19AABCP5447J1Z3, registered in West Bengal. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AABCP5447J1Z7 (Telangana).
The CIN (Corporate Identification Number) of Placid is U74140WB1946PLC014233. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Placid has 30 court cases on record: 26 filed by the company and 4 filed against it. 18 are pending. Most are in the high courts.
Placid was incorporated on 31 July 1946, making it 80+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Placid by revenue are Lendingkart Finance Limited, Kosamattam Finance Limited, Hasham Investment and Trading Co Pvt Ltd, Anand Rathi Global Finance Limited, Branch International Financial Services Private Limited and 5 more, all in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC).
Alka Devi Bangur was appointed as Additional Director on 15 Oct 2025. Lakshmi Niwas Bangur ceased to be Director on 27 Jun 2025. Amit Mehta was appointed as Director on 16 Jan 2023. Placid has 22 board changes on record in total.