About Summit Securities Limited

Summit Securities Limited is a public limited company headquartered in Mumbai, registered with the Reserve Bank of India as a Non-Banking Financial Company, Non-Deposit taking, classified under the Middle Layer (NBFC-ND-ML) category as per the Scale Based Regulation framework. The company operates from its registered office at 213, Bezzola Complex, Sion-Trombay Road, Chembur, Mumbai 400 071. It earns mainly from investments with a long-term focus on equity markets and invests in companies where it is also part of the promoter group. Investment decisions are periodically reviewed by the Audit Committee and the Board.

The investment portfolio includes listed equities (FVTOCI), mutual funds (FVTPL), bonds (at amortised cost), Real Estate Investment Trusts (REITs) (FVTPL), Alternate Investment Funds (AIFs), and equity holdings managed through Portfolio Management Services (PMS). The company has no derivatives exposure currently or in previous years. Geographically, all investments are in India, with no foreign assets. As of March 31, 2025, the Company had one wholly owned subsidiary.

Summit Securities Limited Business Segment

The company operates primarily as an NBFC focusing on investments in equity, mutual funds, bonds, REITs, AIFs, and PMS-managed equity portfolios with a long-term investment horizon concentrated within India.

Summit Securities Limited Key Management

• Ramesh Chandak – Chairman, Non-Executive, Independent Director
• Abhay Vasant Nerurkar – Non-Executive, Independent Director
• Hari Narain Singh Rajpoot – Non-Executive Director
• Manish Jain – Non-Executive Director
• Rohin Feroze Bomanji – Non-Executive, Independent Director
• Shweta Ratnakar Musale – Non-Executive, Independent Director
• Sunil Kamalakar Tamhane – Non-Executive, Independent Director
• Anand Rathi – Chief Financial Officer
• Jiya Gangwani – Company Secretary and Compliance Officer
• Arvind Dhumal – Manager

Latest Updates on Summit Securities Limited

• Portfolio restructuring: Sold a step-down subsidiary on May 07, 2024; treated as an exceptional item in consolidated financials.
• Board changes: Rohin Feroze Bomanji and Sunil Kumar Tamhane appointed as directors in 2024.
• Senior management changes: Anand Rathi appointed Chief Financial Officer from March 01, 2024.
• Registrar & Transfer Agent change: From Link Intime India Private Limited to MUFG Intime India Private Limited effective December 31, 2024.
• AGM scheduled for August 07, 2025, to be held via Video Conferencing/OAVM; financials published as per regulatory requirements.
• Regulatory compliance: No penalties from RBI or financial regulators; independent auditor certified governance compliance under Listing Regulations.