Summit Online Trade Solutions Profile
Key Indicators
- Authorised Capital ₹ 31.50 Cr
- Paid Up Capital ₹ 26.25 Cr
- Company Age 16 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Revenue Growth -32.58%
- Profit Growth -108.82%
- Ebitda 1.83%
- Net Worth -1.74%
- Total Assets -10.78%
About Summit Online Trade Solutions
Summit Online Trade Solutions Private Limited (SOTSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 28 March 2008 and has a history of 16 years and 11 months. Its registered office is in Chennai, Tamil Nadu, India.
The Corporate was formerly known as Sugal & Damani Enterprises Private Limited. The Company is engaged in the Environment 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 31.50 Cr and a paid-up capital of Rs 26.25 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Summit Online Trade Solutions Private Limited India is Nikitha Jain as COMPANY SECRETARY. Bhavin Dalichand and Naresh Mangal serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74999TN2008PTC067093
- Company No.
067093
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
28 Mar 2008
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Environment
Events and Entertainment
Summit Online Trade Solutions Private Limited
Explore comprehensive data for Summit Online Trade Solutions Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Summit Online Trade Solutions?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nikitha Jain  | Company Secretary | 12-Apr-2019 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Bhavin Dalichand | Whole-Time Director | 31-Mar-2021 | Current |
| Naresh Mangal | Whole-Time Director | 30-Apr-2008 | Current |
Financial Performance of Summit Online Trade Solutions.
Summit Online Trade Solutions Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 32.58% decrease. The company also saw a substantial fall in profitability, with a 108.82% decrease in profit. The company's net worth dipped by a decrease of 1.74%.
- Key Matrics
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- Profit and Loss
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What is the Ownership and Shareholding Structure of Summit Online Trade Solutions?
In 2023, Summit Online Trade Solutions had a promoter holding of 100.00%. 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)
Scope Promoters Private LimitedBhavin Dalichand is a mutual person
- Anjli Infradevelopers Llp
Naresh Mangal is a mutual person
- Summit Insurance Brokers Private Limited
Naresh Mangal is a mutual person
- Jainvest And Lease Finance Private Limited
Naresh Mangal is a mutual person
- Smart Payment Solutions Private Limited
Naresh Mangal is a mutual person
Charges (Loans)
There are no open charges registered against the company as per our records.
How Many Employees Work at Summit Online Trade Solutions?
Summit Online Trade Solutions has a workforce of 11 employees as of Apr 06, 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 Online Trade 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 Online Trade 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.
Latest Updates, News, and FAQs on Summit Online Trade Solutions
Recent activity within the organization
- Annual General Meeting
Summit Online Trade Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Summit Online Trade Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
- Director Appointment
Bhavin Doshi Dalichand was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 31 Mar 2021 & has been associated with this company since 3 years 11 months .
- Director Appointment
Nikitha Jain was appointed as a Company Secretary was appointed as a Company Secretary on 12 Apr 2019 & has been associated with this company since 5 years 11 months .
- Director Appointment
Naresh Mangal was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 30 Apr 2008 & has been associated with this company since 16 years 10 months .
- Company Incorporation
Summit Online Trade Solutions Private Limited was registered on 28 Mar 2008 with Roc Chennai & aged 16 years 11 months as per MCA records.
Frequently asked questions
What is the Incorporation or founding date of Summit Online Trade Solutions Private Limited?
Summit Online Trade Solutions Private Limited was incorporated on 28 Mar 2008.
What is authorized share capital and paid-up capital of Summit Online Trade Solutions Private Limited?
The authorized share capital of Summit Online Trade Solutions Private Limited is ₹ 31.50 Cr and paid-up capital is ₹ 26.25 Cr.
Who are the current board members & directors of Summit Online Trade Solutions Private Limited?
Currently 3 directors are associated with Summit Online Trade Solutions Private Limited.
- Bhavin Doshi Dalichand
- Naresh Mangal
- Nikitha Jain
What is the registered address of Summit Online Trade Solutions Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Summit Online Trade Solutions Private Limited is No. 6 Back Portion - Ground Floor Parasu Pillai Street, Kilpauk India, Chennai, Tamil Nadu, 600010.
What is the corporate identification number (CIN) and company number of Summit Online Trade Solutions Private Limited?
The corporate identification number (CIN) of Summit Online Trade Solutions Private Limited is U74999TN2008PTC067093 and the company number is 067093 as per Ministry of Corporate Affairs (MCA).
What is the official website of Summit Online Trade Solutions Private Limited?
The Official website of Summit Online Trade Solutions Private Limited is https://www.sugalgroup.com
What has been the recent revenue trend for Summit Online Trade Solutions Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Summit Online Trade Solutions Private Limited has fallen by -32.58%.
How many employees does Summit Online Trade Solutions Private Limited currently have?
As Per 2023 financial reports, 11 employees are currently employed by Summit Online Trade Solutions Private Limited.
What change has been observed in the net worth of Summit Online Trade Solutions Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Summit Online Trade Solutions Private Limited has experienced an downturn of -1.74%.
When was the last Balance Sheet of Summit Online Trade Solutions Private Limited filed with the ROC?
The most recent Balance Sheet for Summit Online Trade Solutions Private Limited was filed with the ROC on 31 Mar 2023.
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