Sumit Associates Private Limited
About Sumit Associates Private Limited
Data last updated:
Sumit Associates Private Limited was a private limited company based in New Delhi, Delhi, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 14 July 1988.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1988PTC032454. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6.56 Lakh. It was led by directors Nima Taneja and Asheet Taneja.
Its last annual general meeting (AGM) was held on 25 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 59/17 Third Floor Kalkaji Extension Guru Ravi Das Marg, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2023, the company reported a revenue of ₹47,000, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹14,014 (net margin 29.8%) and EBITDA of ₹14,120 (EBITDA margin 30%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 14% over five years.
Company details
Contact details
Sumit Associates Private Limited's registered office is in New Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered Address59/17 Third Floor Kalkaji Extension Guru Ravi Das Marg, New Delhi, Delhi, India – 110019
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
To see the full contact details of Sumit Associates 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
Financials of Sumit Associates Private Limited
FY 2023 filings availableSumit Associates Private Limited reported revenue of ₹47,000 (down 11% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 11% fall in the latest year. EBITDA fell 100% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹14,120 | ||||
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| Net Profit (PAT) | ₹14,014 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 30% | ||||
| Net Profit Margin | 29.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Sumit Associates Private Limited, buy the company report.
Board of directors of Sumit Associates Private Limited
Sumit Associates has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nima Taneja Also directs: Liquidpreneurs Marketing Private Limited, Navair International Private Limited, Navair Logistics Private Limited and 2 more | Director | 17 Sep 2014 | 12 Years 1 Months | As last reported |
| Asheet Taneja Also directs: Liquidpreneurs Marketing Private Limited, Navair International Private Limited, Navair Logistics Private Limited and 2 more | Director | 22 Oct 2001 | 25 Years 0 Months | As last reported |
Auditor
Sumit Associates Private Limited is audited by NVM & COMPANY for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NVM & COMPANY | FY 2022 | 012974N |
Shareholding
The shareholding of Sumit Associates Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sumit Associates Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sumit Associates 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 Sumit Associates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sumit Associates has 2 associated companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
GST
Sumit Associates has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sumit Associates Private Limited, buy the company report.
Recent activity
Sumit Associates Private Limited has 3 board changes on record since 2001: 2 appointments and 1 cessation. The latest: Anju Taneja ceased to be Director on 26 Dec 2014.
Frequently asked questions
Sumit Associates has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Sumit Associates was a private limited company based in New Delhi, Delhi, India. The company worked in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 14 July 1988 and is registered under CIN U74899DL1988PTC032454. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Sumit Associates was incorporated on 14 July 1988. It is registered with the Registrar of Companies, Delhi.
Sumit Associates had 2 directors:
- Nima Taneja - Director
- Asheet Taneja - Director
The CIN (Corporate Identification Number) of Sumit Associates is U74899DL1988PTC032454. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Sumit Associates is at 5917 Third Floor Kalkaji Extension Guru Ravi Das Marg, New Delhi, Delhi, India – 110019.
The latest financial statements of Sumit Associates on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 25 September 2023. Year-wise statements from 2015 are in the company report.
No. Sumit Associates has 1 GST registration on record and it is cancelled or inactive.
Sumit Associates operated in the consumer electronics and durables industry, in the furniture manufacturing segment.
Anju Taneja ceased to be Director on 26 Dec 2014. Nima Taneja was appointed as Director on 17 Sep 2014. Asheet Taneja was appointed as Director on 22 Oct 2001.
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