About Placid Limited
Data last updated: 23 December 2025
Placid Limited is a public limited company based in Kolkata, West Bengal, India. It specialises in investment and credit NBFC, a part of the broader financial services sector. Incorporated on 31 July 1946, the company has been in operation for over 80 years.
Registered with ROC Kolkata under CIN U74140WB1946PLC014233.
Capital: an authorised share capital of ₹31.05 Cr and a paid-up capital of ₹5.37 Cr. Formerly known as Placid Private Limited. It is led by directors including Ramavtar Holani and Ashwini Kumar Singh.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: 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.
The company has a workforce of approximately 26 employees as per the latest available data. Its group structure includes 6 subsidiaries.
The company is associated with 2 brands - Lnb Renewable, 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.
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.
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Registered Address7 Munshi Premchand Sarani, Kolkata, West Bengal, India – 700022
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IndustryFinancial Services, Investment & Credit NBFC, NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Placid Limited
Placid Limited 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 |
Associated Brands with Placid Limited
Placid Limited operates two associated brands: LNB Renewable and L N Bangur Group. These brands represent Placid Limited's diversified market presence and brand portfolio.
| 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 |
Competitors & Alternatives of Placid Limited
Brands and companies operating in the same space as Placid Limited include Fourth Partner Energy, GREW, Sukhbir Agro Energy and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Fourth Partner Energy
|
On-grid and off-grid solar solutions and products are provided. | Hyderabad, India, India | 2010 |
GREW
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Provider of a range of solar products and services | Ahmedabad, India, India | 2022 |
Sukhbir Agro Energy
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Renewable energy solutions are provided via solar and waste-to-energy initiatives. | Delhi, India, India | 1999 |
Mahindra Susten
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Turnkey EPC services for solar power plants are provided. | Mumbai, India, India | 2010 |
Sterling And Wilson
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EPC and MEP services are provided across diverse sectors. | Mumbai, India, India | 1927 |
Ampin Energy Transition
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Developer of utility scale solar and wind power projects | Delhi, India, India | 2016 |
Roofsol Energy
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Provides solar plant installations, providing engineering, procurement, and construction services | Mumbai, India, India | 2016 |
L&T IDPL
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Real estate and transmission infrastructure are developed by L&T IDPL. | Chennai, India, India | 2001 |
Kiran Energy
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Grid-connected solar PV plants are developed and operated. | Mumbai, India, India | 2010 |
InSolare Energy
|
Solar large-scale projects are developed and installed by InSolare Energy. | Bengaluru, India, India | 2008 |
Business Activity of Placid Limited
Placid Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including 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 for Placid Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Placid Limited
Placid Limited is audited by AgarwalMaheswari&Co. for the financial year 2018. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AgarwalMaheswari&Co. | Locked | Locked | Locked |
Complete auditor history for Placid Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Placid Limited
Placid Limited is currently managed by 5 directors, with 18 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramavtar Holani | Director | 23 Apr 2022 | 4 Years 3 Months | Current |
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Ashwini Kumar Singh
Also directs:
Sidhyayi Greenview Private Limited, Akruray Greenhub Private Limited, Subiray Greeneries Private Limited and 4 more
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Nodal Officer | 12 Feb 2020 | 6 Years 6 Months | Current |
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Amit Mehta
Also directs:
Kiran Vyapar Ltd., Maharaja Shree Umaid Mills Limited, Exponentiator Strategic Ventures Llp and 5 more
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Director | 16 Jan 2023 | 3 Years 7 Months | Current |
| Bhaskar Banerjee | Director | 26 Mar 2018 | 8 Years 4 Months | Current |
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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
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Additional Director | 15 Oct 2025 | 0 Years 10 Months | Current |
Financials of Placid Limited FY 2024 filings available
Placid Limited reported revenue of ₹827.46 Cr (up 28.00% YoY) for FY 2024.
Ten-year financial statements for Placid Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
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Ownership and Shareholding of Placid Limited
Shareholding and ownership data for Placid Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Placid Limited
Placid Limited has 6 subsidiary companies and 6 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects Placid Limited's business expansion strategy and organizational complexity.
| 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.
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
Employees and EPFO Compliance at Placid Limited
Placid Limited has a workforce of 26 employees as of Apr 07, 2024.
Employee and EPFO history for Placid Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Placid Limited
GST registrations and filing compliance for Placid Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Placid Limited
Credit ratings, litigation, and regulatory alerts for Placid Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Placid Limited
MSME payment history for Placid Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Placid Limited
Corporate group structure for Placid Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Placid Limited
MCA filings and documents for Placid Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Placid Limited
Frequently Asked Questions about Placid Limited
Placid Limited is an active public limited company in the financial services sector based in Kolkata, West Bengal, India. It was incorporated on 31 July 1946 (80+ years old) and is registered under CIN U74140WB1946PLC014233. The company has 26 employees.
Placid Limited reported revenue of ₹827.46 Cr for FY 2024 (up 28.00% YoY).
The current directors of Placid Limited are:
- Ramavtar Holani - Director
- Ashwini Kumar Singh - Nodal Officer
- Amit Mehta - Director
- Bhaskar Banerjee - Director
- Alka Devi Bangur - Additional Director
The primary industry of Placid Limited is financial services. The company specifically operates in investment and credit nbfc. The company is currently active in this sector.
Placid Limited can be reached at the registered office: 7 Munshi Premchand Sarani, Kolkata, West Bengal, India – 700022, or through the website lnbgroup.com.
The authorised capital is ₹31.05 Cr, and the paid-up capital is ₹5.37 Cr.