About Summit IT Solutions Private Limited
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Summit IT Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Symphonyai Summit Inc. (Formerly Known As Summit Software , Inc.). It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 30 May 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2008PTC046623. Its GSTIN is 29AAMCS0967K1ZN (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹6.8 Lakh. It was formerly known as Ssc Global It Services Private Limited and Summus Software Solutions Private Limited. It is led by directors including Harishankara Alangar Pathanjali and Ravi Joshi.
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 R I Park, Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹95.6 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹8.28 Cr (net margin 8.7%) and EBITDA of ₹8.98 Cr (EBITDA margin 9.4%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 22% over five years.
The company has about 295 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Summit IT Solutions and Symphony Summit. The company has 9 deals on record (5 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹9.3 Cr; the latest was in May 2017. Its 10 peer companies in the same principal business activity (Other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is Stantec Resourcenet (India) Private Limited with revenue of ₹96.65 Cr. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 36 overdue payments to 13 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website symphonysummit.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No.13 14 & 15 Sy. No. 143 & 151 Tower 3 Sixth Floor, S.J.R I Park Whitefield Krishnarajapuram, Bangalore, Karnataka, India – 560066
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Summit IT Solutions Private Limited
The main business activity of Summit IT Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Summit IT Solutions Private Limited FY 2025 filings available
Summit IT Solutions Private Limited reported revenue of ₹95.6 Cr (up 22% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Summit IT Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 22% growth in the latest year. EBITDA rose 573% 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 of Summit IT Solutions Private Limited
| 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 | ₹8.98 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.28 Cr | •••• | •••• | •••• | •••• |
| 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 of Summit IT Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Summit IT Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Summit IT Solutions Private Limited
Summit IT Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Stantec Resourcenet (India) Private Limited | ₹96.65 Cr (FY 2021) | •••• | •••• | 11.0% | •••• | Pune, Maharashtra, India |
| Cognyte Analytics India Private Limited | ₹96.53 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | New Delhi, Delhi, India |
| Quadrific Media Private Limited | ₹96.42 Cr (FY 2023) | •••• | •••• | 20.0% | •••• | Kolkata, West Bengal, India |
| Netway India Private Limited | ₹96.33 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | New Delhi, Delhi, India |
| Swajyot Technologies Private Limited | ₹96.32 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Bangalore, Karnataka, India |
| Summit IT Solutions Private Limited this company | ₹95.6 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Bangalore, Karnataka, India |
| Noguilt Fitness and Nutrition India Private Limited | ₹95.28 Cr (FY 2024) | •••• | •••• | 200.0% | •••• | Chandigarh, India |
| Infinity Projects (India) Private Limited | ₹95.15 Cr (FY 2024) | •••• | •••• | 72.0% | •••• | Hyderabad, Telangana, India |
| Iio Technologies Private Limited | ₹94.59 Cr (FY 2025) | •••• | •••• | 379.0% | •••• | Bangalore, Karnataka, India |
| Mindbody Software Private Limited | ₹94.01 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Pune, Maharashtra, India |
| Envecon IT Systems Private Limited | ₹93.94 Cr (FY 2024) | •••• | •••• | -11.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Summit IT Solutions by revenue in the same principal business activity (Other information & communication service activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Summit IT Solutions Private Limited
Summit IT Solutions Private Limited is audited by Guru Jana & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Guru Jana & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Summit IT Solutions Private Limited
Summit IT Solutions has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harishankara Alangar Pathanjali | Additional Director | 05 May 2025 | 1 Years 5 Months | Current |
| Ravi Joshi | Additional Director | 05 May 2025 | 1 Years 5 Months | Current |
| Lalit Jain | Additional Director | 05 May 2025 | 1 Years 5 Months | Current |
Ownership and Shareholding of Summit IT Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Summit IT Solutions Private Limited
Summit IT Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Summit IT Solutions Private Limited
Summit IT Solutions Private Limited has 9 deals on record (5 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹9.3 Cr; the latest was in May 2017.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2017 | Rights issue | ₹18.62 Cr | Investors: Summit Software Inc. |
| Nov 2016 | Rights issue | ₹4.65 Cr | Investors: Summit Software Inc. |
| Jun 2016 | Rights issue | ₹3.32 Cr | Investors: Summit Software Inc. |
| Jun 2015 | Rights issue | ₹4.07 Cr | Investors: Summit Software Inc. |
| Nov 2014 | Rights issue | ₹3.66 Cr | Investors: Summit Software Inc. |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Summit IT Solutions Private Limited
Summit IT Solutions Private Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 36 overdue payments to 13 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Aspl Info Services Private Limited | •••• | •••• | •••• |
| High Sky Hospitality Services Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Guru & Jana | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 15 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Summit IT Solutions Private Limited
Summit IT Solutions operates two associated brands: Summit IT Solutions and Symphony Summit. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers managed IT services, cybersecurity, and software development for business clients. | summititsolutions.com | |
| Web-based solutions for enterprise IT infrastructure management are offered. | symphonysummit.com |
Employees and EPFO Compliance at Summit IT Solutions Private Limited
Summit IT Solutions Private Limited has a workforce of 295 employees as of Oct 14, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Summit IT Solutions Private Limited
Summit IT Solutions has undergone 2 name changes throughout its history. The company was previously known as Ssc Global It Services Private Limited, and Summus Software Solutions Private Limited. The current legal name is Summit It Solutions Private Limited.
| Company Name | Status |
|---|---|
| Summit IT Solutions Private Limited | Current |
| Ssc Global It Services Private Limited | Previous |
| Summus Software Solutions Private Limited | Previous |
Recent Activity on Summit IT Solutions Private Limited
Summit IT Solutions Private Limited has 15 board changes on record since 2011: 4 appointments and 11 cessations. The latest: Gayathri Subramanian ceased to be Additional Director on 31 May 2025.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Summit IT Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Summit IT Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Summit IT Solutions Private Limited
Summit IT Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCS0967K1ZN | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Summit IT Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Summit IT Solutions Private Limited
Summit IT Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 30 May 2008 (18+ years old) and is registered under CIN U72200KA2008PTC046623.
Summit IT Solutions reported revenue of ₹95.6 Cr for FY 2024 (up 22% YoY).
Summit IT Solutions has 3 current directors:
- Harishankara Alangar Pathanjali - Additional Director
- Ravi Joshi - Additional Director
- Lalit Jain - Additional Director
Summit IT Solutions reported a net profit of ₹8.28 Cr (net margin 8.7%) and EBITDA of ₹8.98 Cr (EBITDA margin 9.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Summit IT Solutions is 26% over three years and 22% over five years. In the latest year (FY 2024) revenue rose 22%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Summit IT Solutions is 29AAMCS0967K1ZN, registered in Karnataka.
The CIN (Corporate Identification Number) of Summit IT Solutions is U72200KA2008PTC046623. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Summit IT Solutions was incorporated on 30 May 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
Summit IT Solutions has 9 deals on record (5 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹9.3 Cr; the latest was in May 2017.
The peers of Summit IT Solutions by revenue are Stantec Resourcenet (India) Private Limited, Cognyte Analytics India Private Limited, Quadrific Media Private Limited, Netway India Private Limited, Swajyot Technologies Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Gayathri Subramanian ceased to be Additional Director on 31 May 2025. Harishankara Alangar Pathanjali was appointed as Additional Director on 05 May 2025. Lalit Jain was appointed as Additional Director on 05 May 2025. Summit IT Solutions has 15 board changes on record in total.
Summit IT Solutions has 15 MSME Form 1 returns on record between 2019 and 2024, listing 36 overdue payments to 13 micro and small suppliers. The latest return was filed on 23 Apr 2024.