About Eighteenth Parallel Technology Labs Private Limited
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Eighteenth Parallel Technology Labs Private Limited is a private limited company based in Pune, Maharashtra, India, recognised as a startup by DPIIT. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 12 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2011PTC139536. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹4 Lakh and a paid-up capital of ₹3.02 Lakh. It is led by directors Gajanan Balkrushna Walke and Nilesh Dnyaneshwar Kate.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at S – 1 The Metropole Bund Garden Road, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2018, the company reported a revenue of ₹10.8 Lakh, a growth of 17% compared to the previous year. For the same year it recorded a net loss of ₹4.57 Cr and EBITDA of -₹5.31 Cr. Revenue has declined at a compounded annual rate (CAGR) of 30% over three years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: 18th Parallel.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website 18thparallel.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressS – 1 The Metropole Bund Garden Road, Pune, Maharashtra, India – 411001
- IndustryInformation Technology, Software Development & 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 Eighteenth Parallel Technology Labs Private Limited
The main business activity of Eighteenth Parallel Technology Labs is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Eighteenth Parallel Technology Labs Private Limited FY 2018 filings available
Eighteenth Parallel Technology Labs Private Limited reported revenue of ₹10.8 Lakh (up 17% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of Eighteenth Parallel Technology Labs Private Limited
Revenue rose 17% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 30%. EBITDA fell 65% 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 Eighteenth Parallel Technology Labs Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| 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 | -₹5.31 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4.57 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 Eighteenth Parallel Technology Labs Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• |
| 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 Eighteenth Parallel Technology Labs 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 Eighteenth Parallel Technology Labs Private Limited
Eighteenth Parallel Technology Labs Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vksage Software Services Private Limited | ₹10.91 Lakh (FY 2025) | •••• | •••• | 121.0% | •••• | Hyderabad, Telangana, India |
| Men Tee Software Services Private Limited | ₹10.91 Lakh (FY 2022) | •••• | •••• | 6.0% | •••• | Hyderabad, Telangana, India |
| Ksa Software Technology LLP | ₹10.89 Lakh (FY 2020) | •••• | •••• | 356.0% | •••• | Coimbatore, Tamil Nadu, India |
| Pebm Technologies Private Limited | ₹10.87 Lakh (FY 2020) | •••• | •••• | -57.0% | •••• | Hyderabad, Telangana, India |
| Orbiter9 Technologies Private Limited | ₹10.8 Lakh (FY 2023) | •••• | •••• | 107.0% | •••• | Delhi, India |
| Eighteenth Parallel Technology Labs Private Limited this company | ₹10.8 Lakh (FY 2018) | •••• | •••• | 17.0% | •••• | Pune, Maharashtra, India |
| Techcarvings Consultancy Private Limited | ₹10.76 Lakh (FY 2024) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Unanis Info Private Limited | ₹10.75 Lakh (FY 2024) | •••• | •••• | -56.0% | •••• | Chittoor, Andhra Pradesh, India |
| Conic Works Private Limited | ₹10.75 Lakh (FY 2024) | •••• | •••• | -41.0% | •••• | Bhilai, Chhattisgarh, India |
| Readybell Software Services Private Limited | ₹10.74 Lakh (FY 2025) | •••• | •••• | 49.0% | •••• | Kolkata, West Bengal, India |
| Evaa Hair & Grooming Private Limited | ₹10.72 Lakh (FY 2024) | •••• | •••• | -20.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Eighteenth Parallel Technology Labs by revenue in the Information Technology industry (Software Services), 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 Eighteenth Parallel Technology Labs Private Limited
Eighteenth Parallel Technology Labs Private Limited is audited by BAHETI & SOMANI LLP for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BAHETI & SOMANI LLP | 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 Eighteenth Parallel Technology Labs Private Limited
Eighteenth Parallel Technology Labs has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gajanan Balkrushna Walke Also directs: Adish Foods Private Limited, Atsu Wellness Private Limited, Yantratm Educational Foundation and 1 more | Additional Director | 26 Aug 2022 | 4 Years 1 Months | Current |
| Nilesh Dnyaneshwar Kate Also directs: Adish Foods Private Limited, Atsu Wellness Private Limited, Yantratm Educational Foundation and 1 more | Additional Director | 26 Aug 2022 | 4 Years 1 Months | Current |
Ownership and Shareholding of Eighteenth Parallel Technology Labs 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 Eighteenth Parallel Technology Labs Private Limited
Eighteenth Parallel Technology Labs Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Eighteenth Parallel Technology Labs Private Limited
Eighteenth Parallel Technology Labs operates one associated brand: 18th Parallel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides end-to-end Android set-top-box software solutions for businesses. | 18thparallel.com |
Employees and EPFO Compliance at Eighteenth Parallel Technology Labs Private Limited
Eighteenth Parallel Technology Labs Private Limited has a workforce of 18 employees as of Mar 31, 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.
News related to Eighteenth Parallel Technology Labs Private Limited
Recent Activity on Eighteenth Parallel Technology Labs Private Limited
Eighteenth Parallel Technology Labs Private Limited has 10 board changes on record since 2015: 2 appointments and 8 cessations. The latest: Gajanan Balkrushna Walke was appointed as Additional Director on 26 Aug 2022.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Eighteenth Parallel Technology Labs 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 Eighteenth Parallel Technology Labs 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 Eighteenth Parallel Technology Labs 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 Eighteenth Parallel Technology Labs Private Limited
Eighteenth Parallel Technology Labs has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Eighteenth Parallel Technology Labs 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 Eighteenth Parallel Technology Labs Private Limited
Eighteenth Parallel Technology Labs is an active private limited company based in Pune, Maharashtra, India. The company works in software development and support services, within the information technology industry. It was incorporated on 12 May 2011 (15+ years old) and is registered under CIN U72900PN2011PTC139536.
Eighteenth Parallel Technology Labs reported revenue of ₹10.8 Lakh for FY 2018 (up 17% YoY).
Eighteenth Parallel Technology Labs has 2 current directors:
- Gajanan Balkrushna Walke - Additional Director
- Nilesh Dnyaneshwar Kate - Additional Director
Eighteenth Parallel Technology Labs reported a net loss of ₹4.57 Cr and EBITDA of -₹5.31 Cr for FY 2018, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Eighteenth Parallel Technology Labs is -30% over three years. In the latest year (FY 2018) revenue rose 17%. CAGR is the steady yearly rate that links the first and the last year.
No. Eighteenth Parallel Technology Labs has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Eighteenth Parallel Technology Labs is U72900PN2011PTC139536. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Eighteenth Parallel Technology Labs was incorporated on 12 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Eighteenth Parallel Technology Labs by revenue are Vksage Software Services Private Limited, Men Tee Software Services Private Limited, Ksa Software Technology LLP, Pebm Technologies Private Limited, Orbiter9 Technologies Private Limited and 5 more, all in the Information Technology industry (Software Services).
Gajanan Balkrushna Walke was appointed as Additional Director on 26 Aug 2022. Kiran Yeshwant Deshpande ceased to be Director on 26 Aug 2022. Nilesh Dnyaneshwar Kate was appointed as Additional Director on 26 Aug 2022. Eighteenth Parallel Technology Labs has 10 board changes on record in total.
Yes, Eighteenth Parallel Technology Labs is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).