MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-TS-02-0017262
Shi Solutions India Private Limited - information technology in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹288.83 Cr
▲ 32% YoY
Net profit · FY 2024
₹12.38 Cr
Net margin 4.3%
EBITDA · FY 2024
₹21.66 Cr
EBITDA margin 7.5%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.1 Cr
Issued & subscribed
Open charges
₹60 Cr
Satisfied ₹74.96 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
821
Provident fund records
About Shi Solutions India Private Limited
Data last updated:
Shi Solutions India Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the computer programming segment of the technology and IT services sector. It was incorporated on 19 November 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG1999PTC032881. Its GSTIN is 36AAACL6270A1ZW (Telangana). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.1 Cr. It was formerly known as Lucus Enterprises Solutions Limited. It is led by directors including James Robert Prior and Ravi Shankar Kolathur.
Its last annual general meeting (AGM) was held on 15 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 08th Floor Krishe Sapphire Main Road Madhapur, Hyderabad, Telangana, India – 500081.
As per the financials filed for FY 2024, the company reported a revenue of ₹288.83 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹12.38 Cr (net margin 4.3%) and EBITDA of ₹21.66 Cr (EBITDA margin 7.5%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 13% over five years.
The company has about 821 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹60 Cr and satisfied charges of ₹74.96 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 11 deals on record (10 secondary share transfers, 1 funding round), with disclosed funding of ₹3.11 Cr; the latest was in September 2024. Its 6 peer companies in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 4 larger and 2 smaller; the largest is Newgen Digitalworks Private Limited with revenue of ₹311.69 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 1 overdue payment to 1 micro and small supplier.
Shi Solutions India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0017262). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website locuz.com.
Company details
CIN U72200TG1999PTC032881
Registration Number 032881
Incorporation Date 19 November 1999
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 15 July 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TS-02-0017262
Name history
Shi Solutions India has undergone 2 name changes throughout its history. The company was previously known as Lucus Enterprises Solutions Limited, and Shi Solutions India Private Limited. The current legal name is Shi Solutions India Private Limited.
| Company Name | Status |
|---|---|
| Shi Solutions India Private Limited | Current |
| Lucus Enterprises Solutions Limited | Previous |
CIN history
Shi Solutions India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72200TG1999PTC032881, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG1999PTC032881 | Current |
| U72200AP1999PLC032881 | Previous |
| U72200TG1999PLC032881 | Previous |
Recognitions & Rankings of Shi Solutions India
Contact details
Shi Solutions India Private Limited's registered office is in Hyderabad, Telangana. Its website is locuz.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address08th Floor Krishe Sapphire Main Road Madhapur, Hyderabad, Telangana, India – 500081
- IndustryInformation Technology, Computer Programming, Consultancy
To see the full contact details of Shi Solutions India Private Limited, buy the company report.
Comprehensive company report
Shi Solutions India Private 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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Financials of Shi Solutions India Private Limited
FY 2025 filings availableShi Solutions India Private Limited reported revenue of ₹288.83 Cr (up 32% YoY) for FY 2024.
Revenue · FY 2024
₹288.83 Cr ▲ 32%
Net profit · FY 2024
₹12.38 Cr margin 4.3%
EBITDA · FY 2024
₹21.66 Cr margin 7.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 32%
3 years · compounded
▲ 20%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 102%
3 years · compounded
▲ 18%
5 years · compounded
▲ 22%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 32% growth in the latest year. EBITDA rose 102% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹288.83 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹21.66 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.38 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.5% | ||||
| Net Profit Margin | 4.3% | ||||
| 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 Shi Solutions India Private Limited, buy the company report.
Board of directors of Shi Solutions India Private Limited
Shi Solutions India has 3 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| James Robert Prior | Director | 20 Aug 2024 | 2 Years 2 Months | Current |
| Ravi Shankar Kolathur Also directs: PRSV & Co. LLP, Hindustan Agrigenetics Limited, Locuz Transformation Services Private Limited and 4 more | Director | 20 Aug 2024 | 2 Years 2 Months | Current |
| Kevin Craven Mccann | Director | 20 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
Shi Solutions India Private Limited is compared with the 6 companies closest to it by revenue in the Information Technology industry (IT Consulting and 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 |
|---|---|---|---|---|---|---|
| Newgen Digitalworks Private Limited | ₹311.69 Cr (FY 2025) | -3.0% | Chennai, Tamil Nadu, India | |||
| Algonomy Software Private Limited | ₹310.23 Cr (FY 2025) | -10.0% | Bangalore, Karnataka, India | |||
| Rahi Systems Private Limited | ₹306.5 Cr (FY 2025) | -22.0% | Pune, Maharashtra, India | |||
| Marlabs Innovations Private Limited | ₹305.88 Cr (FY 2025) | -15.0% | Bangalore, Karnataka, India | |||
| Virinchi Limited | ₹304.83 Cr (FY 2024) | -3.0% | Hyderabad, Telangana, India | |||
| Petrofac Projects and Services Private Limited | ₹300.22 Cr (FY 2023) | 580.0% | Manapakkam Chennai, Tamil Nadu, India | |||
| Shi Solutions India Private Limitedthis company | ₹288.83 Cr (FY 2024) | ₹12.38 Cr | 4.3% | 32.0% | 821 | Hyderabad, Telangana, India |
To see the full peer comparison of Shi Solutions India Private Limited, buy the company report.
Auditor
Shi Solutions India Private Limited is audited by GMJ & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GMJ & Co | FY 2024 | 103429W |
Shareholding
The shareholding of Shi Solutions India 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 Shi Solutions India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹60 Cr
Satisfied charges
₹74.96 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2024 | 100962522 | Others | ₹60 Cr | Open | |
| 24 Sep 2019 | 100299544 | Hdfc Bank Limited | ₹29 Cr | Satisfied | |
| 20 Mar 2019 | 100268398 | Others | ₹1.5 Cr | Satisfied | |
| 17 Jul 2009 | 10170062 | Idbi Bank Limited | ₹34 Cr | Satisfied | |
| 21 Apr 2008 | 10103159 | Sbi Factors and Commercial Services Pvt. Ltd. | ₹2.5 Cr | Satisfied |
To see the full charge records of Shi Solutions India Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Shi Solutions India Private Limited has 11 deals on record (10 secondary share transfers, 1 funding round), with disclosed funding of ₹3.11 Cr; the latest was in September 2024.
Total deals
11
Secondary share transfers
10
Funding round
1
Disclosed funding
₹3.11 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: SHI Singapore Solutions Pte Limited Seller: 2 individuals |
| Aug 2024 | Secondary share transfer | Undisclosed | Buyer: SHI Singapore Solutions Pte Limited Seller: LCGC Bioanalytic Solutions LLP , 3 individuals |
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: LCGC Bioanalytic Solutions LLP , First Source Laboratory Solutions LLP , 2 individuals Seller: 3I Infotech Limited |
| Jun 2008 | Secondary share transfer | Undisclosed | Buyer: 3I Infotech Limited Seller: 4 individuals |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: 3I Infotech Limited , 2 individuals Seller: 4 individuals |
To see the full deal history of Shi Solutions India Private 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
Shi Solutions India Private Limited has 1 court case on record: 1 filed by Shi Solutions India. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Cheque dishonour complaint | Filed by the company against Jambopay Express Private Limited, Rep.By Mr.Manan Dixit | Pending |
To see the full case history of Shi Solutions India 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
Shi Solutions India Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cymune Cyber Security Services Private Limited |
To see the full MSME payment records of Shi Solutions India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Shi Solutions India has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Cymune Cyber Security Services Private Limited | U72900TG2019PTC137888 |
To see the full group structure of Shi Solutions India Private Limited, buy the company report.
Employees & EPFO
Shi Solutions India Private Limited has a workforce of 821 employees on its EPFO records as of May 29, 2025, across 1 active EPFO establishment.
Employee count
821
Active EPFO establishments
1
Employee growth
8.03%
GST
Shi Solutions India has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
Total GSTINs
5
Active
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAACL6270A1ZW | Telangana | Active | 01 Jul 2017 |
| 07AAACL6270A1ZX | Delhi | Active | 01 Jul 2017 |
| 27AAACL6270A1ZV | Maharashtra | Active | 01 Jul 2017 |
| 29AAACL6270A1ZR | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shi Solutions India Private Limited, buy the company report.
Recent activity
Shi Solutions India Private Limited has 27 board changes on record since 2008: 3 appointments and 24 cessations. The latest: James Robert Prior was appointed as Director on 20 Aug 2024.
Charges
A charge with Others of Rs. 60.00 Cr registered on 31 Jul 2024 with Charge ID 100962522 was modified on 28 Oct 2025.
AGM
Shi Solutions India Private Limited last Annual general meeting of members was held on 15 Jul 2025 as per latest MCA records.
Filing
Shi Solutions India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Hyderabad.
Charges
A charge registered on 24 Sep 2019 via Charge ID 100299544 with Hdfc Bank Limited was fully satisfied on 23 Dec 2024.
Appointed
James Robert Prior was appointed as Director.
Appointed
Kevin Craven Mccann was appointed as Director.
Appointed
Ravi Shankar Kolathur was appointed as Director.
Ceased
Uttam Kumar Majumdar ceased to be Whole-Time Director.
Ceased
Vijay Kumar Wadhi ceased to be Managing Director.
Charges
A charge with Others amounted to Rs. 60.00 Cr with Charge ID 100962522 was registered on 31 Jul 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 29.00 Cr registered on 24 Sep 2019 with Charge ID 100299544 was modified on 08 May 2024.
Ceased
Manikandan Narasimhan ceased to be Additional Director.
41 earlier events are in the company report.
Frequently asked questions
Shi Solutions India is an active private limited company based in Hyderabad, Telangana, India. The company works in computer programming, within the information technology industry. It was incorporated on 19 November 1999 (27+ years old) and is registered under CIN U72200TG1999PTC032881.
Shi Solutions India has 3 current directors:
- James Robert Prior - Director
- Ravi Shankar Kolathur - Director
- Kevin Craven Mccann - Director
The latest financial statements of Shi Solutions India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Shi Solutions India is 36AAACL6270A1ZW, registered in Telangana. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 07AAACL6270A1ZX (Delhi), 27AAACL6270A1ZV (Maharashtra), 29AAACL6270A1ZR (Karnataka).
The CIN (Corporate Identification Number) of Shi Solutions India is U72200TG1999PTC032881. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shi Solutions India has 1 court case on record: 1 filed by the company. 1 is pending.
Shi Solutions India was incorporated on 19 November 1999, making it 27+ years old. It is registered with the Registrar of Companies, Hyderabad.
Shi Solutions India has 11 deals on record (10 secondary share transfers, 1 funding round), with disclosed funding of ₹3.11 Cr; the latest was in September 2024.
The peers of Shi Solutions India by revenue are Newgen Digitalworks Private Limited, Algonomy Software Private Limited, Rahi Systems Private Limited, Marlabs Innovations Private Limited, Virinchi Limited and 1 more, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
James Robert Prior was appointed as Director on 20 Aug 2024. Kevin Craven Mccann was appointed as Director on 20 Aug 2024. Ravi Shankar Kolathur was appointed as Director on 20 Aug 2024. Shi Solutions India has 27 board changes on record in total.
Yes, Shi Solutions India is registered as a medium enterprise under Udyam registration (number: UDYAM-TS-02-0017262).
Shi Solutions India has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 22 Oct 2021.
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