About Summit Online Trade Solutions Private Limited
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Summit Online Trade Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Siyat Holdings Private Limited. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 28 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2008PTC067093. Its GSTIN is 33AALCS8098J1ZN (Tamil Nadu). The company holds 10 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹31.5 Cr and a paid-up capital of ₹26.25 Cr. It was formerly known as Sugal & Damani Enterprises Private Limited. It is led by directors Naresh Mangal (Whole-Time Director) and Bhavin Doshi Dalichand (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. 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 2025, the company reported a revenue of ₹75.57 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹45.62 Lakh (net margin 0.6%) and EBITDA of ₹60.98 Lakh (EBITDA margin 0.8%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 42% over five years.
The company has about 19 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Sugal & Damani and Sugalgroup. Court records list 59 cases involving the company, including 18 filed by the company and 41 filed against it; 7 cases are pending. The company has 3 deals on record (3 secondary share transfers); the latest was in June 2015.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sugalgroup.com.
Company details
Contact details
Summit Online Trade Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is sugalgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 6 Back Portion – Ground Floor Parasu Pillai Street Kilpauk, Chennai, Tamil Nadu, India – 600010
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Summit Online Trade Solutions 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
Brands
Summit Online Trade Solutions operates two associated brands: Sugal & Damani and Sugalgroup. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Government-licensed lotteries in India are operated by Sugal & Damani. | sugaldamani.com | |
| sugalgroup.com |
Business activity
The main business activity of Summit Online Trade Solutions is arts, entertainment and recreation. In detail, this covers sports, amusement and recreation activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R4 | Sports, amusement and recreation activities |
To see the full business activity and turnover split of Summit Online Trade Solutions Private Limited, buy the company report.
Financials of Summit Online Trade Solutions Private Limited
FY 2024 filings availableSummit Online Trade Solutions Private Limited reported revenue of ₹75.57 Cr (up 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 16% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 42%. EBITDA rose 118% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹60.98 Lakh | ||||
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| Net Profit (PAT) | ₹45.62 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 0.8% | ||||
| Net Profit Margin | 0.6% | ||||
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To see the full financial statements and ratios of Summit Online Trade Solutions Private Limited, buy the company report.
Board of directors of Summit Online Trade Solutions Private Limited
Summit Online Trade Solutions has 2 current directors and 13 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, Summit Insurance Brokers Private Limited and 2 more | Whole-Time Director | 30 Apr 2008 | 18 Years 6 Months | Current |
| Bhavin Doshi Dalichand Also directs: Scope Promoters Private Limited | Whole-Time Director | 31 Mar 2021 | 5 Years 7 Months | Current |
Auditor
Summit Online Trade Solutions Private Limited is audited by S L GADHIYA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S L GADHIYA & CO | FY 2023 | 000839S |
Shareholding
The shareholding of Summit Online Trade Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Summit Online Trade Solutions Private Limited, buy the company report.
Deals & funding
Summit Online Trade Solutions Private Limited has 3 deals on record (3 secondary share transfers); the latest was in June 2015.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Summit Online Trade Solutions Private Limited has 59 court cases on record: 18 filed by Summit Online Trade Solutions, 41 filed against it. 7 cases are pending and 52 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 45 | 31 | 7 |
| Supreme Court | 14 | 10 | 0 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, Arunachal Pradesh | Writ petition | Filed against the company by West Bengal Lottery Stockists Syndicate Pvt. Ltd. | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed against the company by M/S Fast Track Facilities Pvt Ltd | Pending |
| High Court, Arunachal Pradesh | Interim or miscellaneous application | Filed against the company by Big Star G Services LLP | Pending |
| High Court, Mizoram | Interim or miscellaneous application | Filed against the company by M/S Skill Lotto Solutions Pvt. Ltd. Through SH. Ashutosh Singh | Disposed |
| High Court, Arunachal Pradesh | Writ petition | Filed against the company by Big Star G Services LLP | Disposed |
To see the full case history of Summit Online Trade Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Summit Online Trade Solutions Private Limited was last rated by Crisil on 24 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 24 Aug 2020 |
To see the full credit ratings and regulatory alerts of Summit Online Trade Solutions Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Summit Online Trade Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Summit Online Trade Solutions has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sugal & Damani Agri Systems Private Limited | U01403TN2007PTC062194 |
To see the full group structure of Summit Online Trade Solutions Private Limited, buy the company report.
Employees & EPFO
Summit Online Trade Solutions Private Limited has a workforce of 19 employees on its EPFO records as of May 2026, across 4 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 19 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 | |
| FY 2014-15 |
To see the full employee and EPFO history of Summit Online Trade Solutions Private Limited, buy the company report.
GST
Summit Online Trade Solutions has 10 GST registrations: 6 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AALCS8098J1ZN | Tamil Nadu | Active | 01 Jul 2017 |
| 06AALCS8098J1ZK | Haryana | Active | 28 Jun 2017 |
| 03AALCS8098J1ZQ | Punjab | Active | 01 Jul 2017 |
| 11AALCS8098J1ZT | Sikkim | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Summit Online Trade Solutions Private Limited, buy the company report.
Recent activity
Summit Online Trade Solutions Private Limited has 15 board changes on record since 2008: 2 appointments and 13 cessations. The latest: Bhavin Doshi Dalichand ceased to be Additional Director on 30 Nov 2021.
6 earlier events are in the company report.
News
Frequently asked questions
Summit Online Trade Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 28 March 2008 (18+ years old) and is registered under CIN U74999TN2008PTC067093.
Summit Online Trade Solutions has 2 current directors:
- Naresh Mangal - Whole-Time Director
- Bhavin Doshi Dalichand - Whole-Time Director
The latest financial statements of Summit Online Trade Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Summit Online Trade Solutions is 33AALCS8098J1ZN, registered in Tamil Nadu. The company has 10 GST registrations in all, of which 6 are active and 4 are cancelled or inactive. Other active GSTINs include 06AALCS8098J1ZK (Haryana), 03AALCS8098J1ZQ (Punjab), 11AALCS8098J1ZT (Sikkim).
The CIN (Corporate Identification Number) of Summit Online Trade Solutions is U74999TN2008PTC067093. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Summit Online Trade Solutions has 59 court cases on record: 18 filed by the company and 41 filed against it. 7 are pending. Most are in the high courts.
Summit Online Trade Solutions was incorporated on 28 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chennai.
Summit Online Trade Solutions has 3 deals on record (3 secondary share transfers); the latest was in June 2015.
Bhavin Doshi Dalichand ceased to be Additional Director on 30 Nov 2021. Bhavin Doshi Dalichand was appointed as Whole-Time Director on 31 Mar 2021. Kishor Kantilal Ajmera ceased to be Whole-Time Director on 31 Mar 2021. Summit Online Trade Solutions has 15 board changes on record in total.
Summit Online Trade Solutions can be reached through the website sugalgroup.com. Its registered office is in Chennai, Tamil Nadu, India.
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