Summit Insurance Brokers Private Limited
About Summit Insurance Brokers Private Limited
Data last updated:
Summit Insurance Brokers Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the wholesale distribution segment of the trading and commerce sector. It was incorporated on 08 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U67100TN2014PTC094502.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹79 Lakh. It was formerly known as Summit Business Solutions Private Limited. It is led by directors Naresh Mangal and Vinodh Pratik Jain.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 6 Back Portion – Ground Floor Parasu Pillai Street Kilpauk, Chennai, Tamil Nadu, India – 600010.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.3 Lakh, a growth of 41% compared to the previous year. For the same year it recorded a net profit of ₹3.66 Lakh (net margin 69%) and EBITDA of ₹4.89 Lakh (EBITDA margin 92.3%). Revenue has grown at a compounded annual rate (CAGR) of 139% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Summit Insurance Brokers has undergone 2 name changes throughout its history. The company was previously known as Summit Insurance Brokers Private Limited, and Summit Business Solutions Private Limited. The current legal name is Summit Insurance Brokers Private Limited.
| Company Name | Status |
|---|---|
| Summit Insurance Brokers Private Limited | Current |
| Summit Business Solutions Private Limited | Previous |
CIN history
Summit Insurance Brokers has one previous CIN (Corporate Identification Number): U74900TN2014PTC094502. The current CIN is U67100TN2014PTC094502, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67100TN2014PTC094502 | Current |
| U74900TN2014PTC094502 | Previous |
Contact details
Summit Insurance Brokers Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 6 Back Portion – Ground Floor Parasu Pillai Street Kilpauk, Chennai, Tamil Nadu, India – 600010
- IndustryTrading, Other Wholesale, Wholesale
To see the full contact details of Summit Insurance Brokers Private Limited, buy the company report.
- 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
Business activity
The main business activity of Summit Insurance Brokers is financial and insurance service. In detail, this covers life/non-life insurance and reinsurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K3 | Life/Non-life Insurance and Reinsurance activities |
To see the full business activity and turnover split of Summit Insurance Brokers Private Limited, buy the company report.
Financials of Summit Insurance Brokers Private Limited
FY 2025 filings availableSummit Insurance Brokers Private Limited reported revenue of ₹5.3 Lakh (up 41% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 139% over three years, including 41% growth in the latest year. EBITDA rose 43% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.89 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.66 Lakh | ||||
| 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 | 92.3% | ||||
| Net Profit Margin | 69% | ||||
| 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 Summit Insurance Brokers Private Limited, buy the company report.
Board of directors of Summit Insurance Brokers Private Limited
Summit Insurance Brokers has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Mangal Also directs: Anjli Infradevelopers LLP, Optipravah India Private Limited, Jainvest and Lease Finance Private Limited and 2 more | Director | 14 Feb 2020 | 6 Years 8 Months | Current |
| Vinodh Pratik Jain Also directs: Silversky Builders LLP, Summit Fiscal Management LLP, Ankur Siyat Infra LLP and 5 more | Director | 14 Feb 2020 | 6 Years 8 Months | Current |
Peer comparison
Summit Insurance Brokers Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (life/non-life insurance and reinsurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aapka Policywala Insurance Broking Services Private Limited | ₹5.91 Lakh (FY 2024) | Hisar, Haryana, India | ||||
| Ananta Oorjaa Enterprise Private Limited | ₹5.88 Lakh (FY 2022) | -46.0% | Mumbai, Maharashtra, India | |||
| Rudra Insurance Consultant Private Limited | ₹5.88 Lakh (FY 2024) | 42.0% | Lucknow, Uttar Pradesh, India | |||
| Crown Insurance Marketing Private Limited | ₹5.67 Lakh (FY 2022) | 73.0% | Patna, Bihar, India | |||
| Bilan Insurance Advisors and Consultants Private Limited. | ₹5.51 Lakh (FY 2024) | 2545.0% | Mumbai, Maharashtra, India | |||
| Summit Insurance Brokers Private Limitedthis company | ₹5.3 Lakh (FY 2024) | ₹3.66 Lakh | 69% | 41.0% | Chennai, Tamil Nadu, India | |
| Wealthedge Imf Private Limited | ₹5.28 Lakh (FY 2022) | Gurgaon, Haryana, India | ||||
| Check Your Premium Insurance Web Aggregator Private Limited | ₹5.27 Lakh (FY 2025) | -3.0% | Bhopal, Madhya Pradesh, India | |||
| Silver Star Imf Private Limited | ₹5.05 Lakh (FY 2025) | 23.0% | Indore, Madhya Pradesh, India | |||
| Real Fincorp Private Limited | ₹5 Lakh (FY 2024) | 492.0% | Delhi, India | |||
| Essen Insurance Surveyors and Loss Assessors Private Limited | ₹4.91 Lakh (FY 2023) | -64.0% | Howrah, West Bengal, India |
To see the full peer comparison of Summit Insurance Brokers Private Limited, buy the company report.
Auditor
Summit Insurance Brokers Private Limited is audited by S. L. GADHIYA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. L. GADHIYA & CO | FY 2017 | 000839S |
Shareholding
The shareholding of Summit Insurance Brokers Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Summit Insurance Brokers Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Summit Insurance Brokers Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Summit Insurance Brokers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Summit Insurance Brokers Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Summit Insurance Brokers Private Limited has 6 board changes on record since 2020: 2 appointments and 4 cessations. The latest: Naresh Mangal ceased to be Additional Director on 31 Dec 2020.
Frequently asked questions
Summit Insurance Brokers is an active private limited company based in Chennai, Tamil Nadu, India. The company works in other wholesale, within the trading industry. It was incorporated on 08 January 2014 (12+ years old) and is registered under CIN U67100TN2014PTC094502.
Summit Insurance Brokers has 2 current directors:
- Naresh Mangal - Director
- Vinodh Pratik Jain - Director
The latest financial statements of Summit Insurance Brokers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Summit Insurance Brokers is U67100TN2014PTC094502. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Summit Insurance Brokers was incorporated on 08 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Summit Insurance Brokers by revenue are Aapka Policywala Insurance Broking Services Private Limited, Ananta Oorjaa Enterprise Private Limited, Rudra Insurance Consultant Private Limited, Crown Insurance Marketing Private Limited, Bilan Insurance Advisors and Consultants Private Limited. and 5 more, all in the same principal business activity (life/non-life insurance and reinsurance activities).
Naresh Mangal ceased to be Additional Director on 31 Dec 2020. Vinodh Pratik Jain ceased to be Additional Director on 31 Dec 2020. Balasubramanian Dhakshinamoorthi ceased to be Director on 02 Mar 2020. Summit Insurance Brokers has 6 board changes on record in total.
The registered office of Summit Insurance Brokers is at No. 6 Back Portion – Ground Floor Parasu Pillai Street Kilpauk, Chennai, Tamil Nadu, India – 600010.
Summit Insurance Brokers operates in the trading industry, in the other wholesale segment.
The compliance status of Summit Insurance Brokers is compliant as of 07 August 2026. The company is actively filing with the Registrar of Companies.
Yes. Summit Insurance Brokers was formerly known as Summit Business Solutions Private Limited.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
