About SummationIT
SummationIT is a Technology company based in Hyderabad (India) founded in 2009 by Barkha Baid and Siva Kolachina. Application development service provider. The company has 6 employees. Its Indian entity Summation It Private Limited reported revenue of ₹64.8 Lakh. Its focus areas include Business Services, IT Services, Application Development and Horizontal.
Company details
SummationIT was founded in 2009 and is headquartered in Hyderabad, India. Software development services are provided in the IT sector, encompassing web, mobile, desktop, open source, and e-commerce applications. Additional offerings include software testing, automation, QA, and performance testing. Expertise is applied in AngularJS, PHP, Android, and iOS development to support various client needs.
- Headquarters Hyderabad, India
- Employees 6
- Founders Barkha Baid, Siva Kolachina
- SectorsTechnology
- Website summationit.com
- Social LinkedIn X Facebook
- Legal Name Summation It Private Limited
- Date of Incorporation 09 Sep, 2015
- Jurisdiction Secunderabad, Telangana, India
- Annual Revenue₹64.8 Lakh
FY 2024 · -29% YoY
- Net Profit₹2.8 Lakh
FY 2024 · 4% margin
- EBITDA₹7.9 Lakh
FY 2024 · 12% margin
- Employee Count6
Associated legal entities of SummationIT
SummationIT operates through Summation It Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Summation It Private Limited CIN U72900TG2015PTC100662 | Active | 09 Sep 2015 | Secunderabad, Telangana | ₹0.6 Cr | 6 | 2 | View details |
Board of directors of Summation It Private Limited (SummationIT)
Summation It Private Limited is the primary company behind SummationIT. The board of Summation It Private Limited currently have 2 directors; the longest-serving is Siva Sankar Kolichina, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Siva Sankar Kolichina DIN 06929066 | Director | 09 Sep 2015 | 11 yrs 2 mo | Summation It Private Limited |
| Geeta Baid DIN 09206949 | Director | 18 Jun 2021 | 5 yrs 4 mo | Summation It Private Limited |
People of SummationIT
2 people are tracked at SummationIT (2 in leadership); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Siva Kolachina | Co-Founder | Leadership |
Complete people profiles for SummationIT
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Financials of SummationIT
Figures of Summation It Private Limited, the primary company behind SummationIT, for FY 2024. Revenue was ₹64.8 Lakh (-29% year on year). Net profit was ₹2.8 Lakh (4% margin). EBITDA was ₹7.9 Lakh (12% margin). Revenue has grown at a compounded annual rate of -2% over three years and -13% over five years.
- ₹64.8 LakhRevenue · FY 2024 · -29% YoY
- ₹2.8 LakhNet profit · 4% margin
- ₹7.9 LakhEBITDA · 12% margin
- ₹1 LakhPaid-up capital
- 6Employees (provident fund records)
- -2%Revenue CAGR, 3 years
- -13%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Summation It Private Limited are on its company page.
Detailed financial statements for SummationIT
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Financial ratios
- Five-year trends
- Downloads
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Frequently Asked Questions about SummationIT
SummationIT was founded in 2009.
SummationIT is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
SummationIT has 6 employees.
The primary company behind SummationIT, Summation It Private Limited, reported revenue of ₹64.8 Lakh for FY 2024, down 29% year on year.
SummationIT was founded in 2009 and is headquartered in Hyderabad, India. Software development services are provided in the IT sector, encompassing web, mobile, desktop, open source, and e-commerce applications. Additional offerings include software testing, automation, QA, and performance testing. Expertise is applied in AngularJS, PHP, Android, and iOS development to support various client needs.
SummationIT operates through Summation It Private Limited.
The legal entities of SummationIT currently have 2 directors, including Geeta Baid, Siva Sankar Kolichina.