Summit-Tech Private Limited
About Summit-Tech Private Limited
Data last updated:
Summit-Tech Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business process outsourcing sector. It was incorporated on 25 March 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74210KA1984PTC005977. Its GSTIN is 29AACCS7739P1ZF (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors including Krishnaprasad Mittur Nanjappa (Managing Director) and Shobha Krishna Prasad.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at #A – 25 Kssidc Bommasandra Industrial Area Bommasandra Hosur Road, Bangalore, Karnataka, India – 560099.
As per the financials filed for FY 2020, the company reported a revenue of ₹22.12 Lakh, a decline of 48% compared to the previous year. For the same year it recorded a net profit of ₹51,231 (net margin 2.3%) and EBITDA of ₹4.71 Lakh (EBITDA margin 21.3%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years and 25% over five years.
As per MCA filings, the company has open charges of ₹50 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address#A – 25 Kssidc Bommasandra Industrial Area Bommasandra Hosur Road, Bangalore, Karnataka, India – 560099
- IndustryBusiness Outsourcing, Business Process Outsourcing
- 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-Tech Private Limited
The main business activity of Summit-Tech is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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-Tech Private Limited FY 2020 filings available
Summit-Tech Private Limited reported revenue of ₹22.12 Lakh (down 48% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Summit-Tech Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 48% fall in the latest year. EBITDA rose 6% 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-Tech Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹4.71 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹51,231 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Summit-Tech Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.3% | •••• | •••• | •••• | •••• |
| 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-Tech 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.
Auditor Details of Summit-Tech Private Limited
Summit-Tech Private Limited is audited by G S RAO & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G S RAO & CO | 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-Tech Private Limited
Summit-Tech has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnaprasad Mittur Nanjappa | Managing Director | 25 Mar 1984 | 42 Years 6 Months | Current |
| Shobha Krishna Prasad | Director | 16 May 2013 | 13 Years 4 Months | Current |
| Nanjesh Mittur Krishnaprasad | Director | 16 May 2013 | 13 Years 4 Months | Current |
Ownership and Shareholding of Summit-Tech 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-Tech Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jul 2009 | State Bank of India | ₹50 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Summit-Tech Private Limited
Employment history and EPFO contributions of people linked to Summit-Tech.
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.
Recent Activity on Summit-Tech Private Limited
Summit-Tech Private Limited has 5 board changes on record since 1984: 3 appointments and 2 cessations. The latest: Bangarpet Ramrao Srinivasmurthy ceased to be Director on 23 May 2013.
Credit Ratings, Litigation & Regulatory Alerts for Summit-Tech 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.
MSME Payment Delays by Summit-Tech Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Summit-Tech 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-Tech Private Limited
Summit-Tech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCS7739P1ZF | 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-Tech 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-Tech Private Limited
Summit-Tech is an active private limited company based in Bangalore, Karnataka, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 25 March 1984 (42+ years old) and is registered under CIN U74210KA1984PTC005977.
Summit-Tech reported revenue of ₹22.12 Lakh for FY 2020 (down 48% YoY).
Summit-Tech has 3 current directors:
- Krishnaprasad Mittur Nanjappa - Managing Director
- Shobha Krishna Prasad - Director
- Nanjesh Mittur Krishnaprasad - Director
Summit-Tech reported a net profit of ₹51,231 (net margin 2.3%) and EBITDA of ₹4.71 Lakh (EBITDA margin 21.3%) for FY 2020, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Summit-Tech is -33% over three years and -25% over five years. In the latest year (FY 2020) revenue fell 48%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Summit-Tech is 29AACCS7739P1ZF, registered in Karnataka.
The CIN (Corporate Identification Number) of Summit-Tech is U74210KA1984PTC005977. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Summit-Tech was incorporated on 25 March 1984, making it 42+ years old. It is registered with the Registrar of Companies, Bangalore.
Bangarpet Ramrao Srinivasmurthy ceased to be Director on 23 May 2013. Mittur Nanjappa Ravindranath ceased to be Director on 23 May 2013. Nanjesh Mittur Krishnaprasad was appointed as Director on 16 May 2013. Summit-Tech has 5 board changes on record in total.
The registered office of Summit-Tech is at #A – 25 Kssidc Bommasandra Industrial Area Bommasandra Hosur Road, Bangalore, Karnataka, India – 560099.