Summit Developments Profile
Key Indicators
- Authorised Capital ₹ 0.50 M
- Paid Up Capital ₹ 0.10 M
- Company Age 13 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 290.00 Cr
- Revenue Growth %
- Profit Growth 146.52%
- Ebitda 99.51%
- Net Worth 11.02%
- Total Assets 0.43%
About Summit Developments
Summit Developments Private Limited (SDPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 11 February 2011 and has a history of 13 years and 11 months. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Real Estate And Construction Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 0.50 M and a paid-up capital of Rs 0.10 M.
The company has closed loans amounting to ₹290.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Jitendra Virwani, Pandithacholanallur Rajagopalan, and Prasad Turamari serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U70200KA2011PTC057054
- Company No.
057054
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
11 Feb 2011
- Date of AGM
28 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Who are the key members and board of directors at Summit Developments?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Pandithacholanallur Rajagopalan  | Director Appointed In Casual Vacancy | 08-Mar-2013 | Current |
| Jitendra Virwani | Director | 11-Feb-2011 | Current |
| Prasad Turamari | Director | 04-Oct-2024 | Current |
Financial Performance of Summit Developments.
Summit Developments Private Limited, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a substantial improvement in profitability, with a 146.52% increase in profit. The company's net worth Soared by an impressive increase of 11.02%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Summit Developments?
In 2023, Summit Developments had a promoter holding of 99.00% and a public holding of 1.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Unitech Power Transmission LimitedJitendra Virwani is a mutual person
Stonehill Education FoundationPandithacholanallur Rajagopalan is a mutual person
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Macpi Trading (India) Private LimitedPandithacholanallur Rajagopalan is a mutual person
Unitech LimitedJitendra Virwani is a mutual person
Vikas Telecom Private LimitedJitendra Virwani is a mutual person
- Embassy Office Parks Management Services Private Limited
Jitendra Virwani is a mutual person
Charges (Loans)
₹0
₹2,900.00 M
Charges Breakdown by Lending Institutions
- L&T Infrastructure Finance Company Limited : 260.00 Cr
- Housing Development Finance Corporation Limited : 30.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Mar 2013 | L&T Infrastructure Finance Company Limited | ₹260.00 Cr | Satisfied |
| 21 May 2012 | Housing Development Finance Corporation Limited | ₹30.00 Cr | Satisfied |
How Many Employees Work at Summit Developments?
Unlock and access historical data on people associated with Summit Developments, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Summit Developments, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Summit Developments's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
