Summit Developments Profile
Key Indicators
- Authorised Capital ₹ 0.50 M
- Paid Up Capital ₹ 0.10 M
- Company Age 14 Year, 19 Days
- 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 14 years. 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
Real Estate and Construction
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
- Ratios
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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)
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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)
Open Charges
₹0
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Summit Developments
Recent activity within the organization
- Director Appointment
Prasad Adavayya Turamari was appointed as a Director was appointed as a Director on 04 Oct 2024 & has been associated with this company since 4 months 28 days .
- Annual General Meeting
Summit Developments Private Limited last Annual general meeting of members was held on 28 Sep 2023 as per latest MCA records.
- Balance Sheet
Summit Developments Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
- Charges
A charge registered on 08 Mar 2013 via Charge ID 10411094 with L&T Infrastructure Finance Company Limited was fully satisfied on 23 Aug 2016.
- Charges
A charge with L&T Infrastructure Finance Company Limited of Rs. 2,600.00 M registered on 08 Mar 2013 with Charge ID 10411094 was modified on 14 Feb 2014.
- Charges
A charge with L&T Infrastructure Finance Company Limited amounted to Rs. 2,600.00 M with Charge ID 10411094 was registered on 08 Mar 2013.
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Summit Developments Private Limited?
Summit Developments Private Limited was incorporated on 11 Feb 2011.
What is authorized share capital and paid-up capital of Summit Developments Private Limited?
The authorized share capital of Summit Developments Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.10 M.
Who are the current board members & directors of Summit Developments Private Limited?
Currently 3 directors are associated with Summit Developments Private Limited.
- Jitendra Mohandas Virwani
- Pandithacholanallur Ramakrishnan Rajagopalan
- Prasad Adavayya Turamari
What is the registered address of Summit Developments Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Summit Developments Private Limited is No 150, Embassy Point Infantry Road India, Bangalore, Karnataka, 560001.
What is the corporate identification number (CIN) and company number of Summit Developments Private Limited?
The corporate identification number (CIN) of Summit Developments Private Limited is U70200KA2011PTC057054 and the company number is 057054 as per Ministry of Corporate Affairs (MCA).
What is the official website of Summit Developments Private Limited?
The Official website of Summit Developments Private Limited is https://www.embassyindia.com
What change has been observed in the net worth of Summit Developments Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Summit Developments Private Limited has experienced an upsurge of 11.02%.
When was the last Balance Sheet of Summit Developments Private Limited filed with the ROC?
The most recent Balance Sheet for Summit Developments Private Limited was filed with the ROC on 31 Mar 2023.
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