Summit It Solutions Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
as on 16-11-2024
- Paid Up Capital ₹ 0.68 M
as on 16-11-2024
- Company Age 16 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Revenue 28.02%
(FY 2023)
- Profit 154.06%
(FY 2023)
- Ebitda 1171.76%
(FY 2023)
- Net Worth 19.98%
(FY 2023)
- Total Assets 10.33%
(FY 2023)
About Summit It Solutions
The Corporate was formerly known as Ssc Global It Services Private Limited. The Company is engaged in the Information Technology Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 M and a paid-up capital of Rs 0.68 M, as per Ministry of Corporate Affairs (MCA) records.
Satyen Vyas, Vijayashanker Seshachalam, and Chandramouli Vaidyanathan serve as directors at the Company.
- CIN/LLPIN
U72200KA2008PTC046623
- Company No.
046623
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
30 May 2008
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Summit It Solutions Private Limited offer?
Summit It Solutions Private Limited offers a wide range of products and services, including Asset Management Software, Computer Software & Mobile Apps, HR Management Software, Project Management, IT Infrastructure Solution, Business Consultant, Product Lifecycle Management Services, Human Resource Management, Incident Management Services, Company Law & Labour Law Consultants.
Who are the key members and board of directors at Summit It Solutions?
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Satyen Vyas  | Whole-Time Director | 19-Jul-2013 | Current |
| Vijayashanker Seshachalam | Director | 07-Sep-2011 | Current |
| Chandramouli Vaidyanathan | Director | 23-Apr-2013 | Current |
Financial Performance of Summit It Solutions.
Summit It Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 28.02% increase. The company also saw a substantial improvement in profitability, with a 154.06% increase in profit. The company's net worth Soared by an impressive increase of 19.98%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Summit It Solutions?
In 2023, Summit It Solutions had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Symphonyincubator Business Services Private LimitedActive 7 years 5 monthsSatyen Vyas and Chandramouli Vaidyanathan are mutual person
Symphony Concerto India Private LimitedActive 5 years 1 monthChandramouli Vaidyanathan is a mutual person
Wadhwani Institute For Artificial Intelligence FoundationActive 6 years 7 monthsChandramouli Vaidyanathan is a mutual person
- Vidvanconnect Software And Solutions Private LimitedActive 9 months 10 days
Satyen Vyas is a mutual person
- Opportunity Network FoundationActive 3 years 6 months
Satyen Vyas and Chandramouli Vaidyanathan are mutual person
Charges (Loans)
There are no open charges registered against the company as per our records.
How Many Employees Work at Summit It Solutions?
Summit It Solutions has a workforce of 295 employees as of Oct 14, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Summit It Solutions, 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 It Solutions'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.
