Parallel Track Mhe Private Limited
About Parallel Track Mhe Private Limited
Data last updated:
Parallel Track Mhe Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 13 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2009PTC049836. Its GSTIN is 29AAFCP0869G2Z4 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Uday Manikrao Pannase and Valsan Radhakrishnan Kottil.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 37/1 6th Main Singasandra Hosur Main Road, Bangalore, Karnataka, India – 560068.
As per the financials filed for FY 2024, the company reported a revenue of ₹36.64 Lakh. For the same year it recorded a net profit of ₹5.65 Lakh (net margin 15.4%) and EBITDA of ₹6.69 Lakh (EBITDA margin 18.3%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years.
The company is associated with 1 brand: Parallel Track. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Parallel Track Mhe Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 37/1 6th Main Singasandra Hosur Main Road, Bangalore, Karnataka, India – 560068
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Parallel Track Mhe 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
Brands
Parallel Track Mhe operates one associated brand: Parallel Track. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of storage and handling system solutions | paralleltrack.biz |
Business activity
The main business activity of Parallel Track Mhe is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Parallel Track Mhe Private Limited, buy the company report.
Financials of Parallel Track Mhe Private Limited
FY 2024 filings availableParallel Track Mhe Private Limited reported revenue of ₹36.64 Lakh for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 44% over three years. 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹6.69 Lakh | ||||
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| Net Profit (PAT) | ₹5.65 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 18.3% | ||||
| Net Profit Margin | 15.4% | ||||
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To see the full financial statements and ratios of Parallel Track Mhe Private Limited, buy the company report.
Board of directors of Parallel Track Mhe Private Limited
Parallel Track Mhe has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Uday Manikrao Pannase Also directs: Parallel Track Engineering Company Private Limited | Director | 10 May 2017 | 9 Years 5 Months | Current |
| Valsan Radhakrishnan Kottil | Director | 16 Nov 2023 | 2 Years 11 Months | Current |
Auditor
Parallel Track Mhe Private Limited is audited by K G Sunil & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K G Sunil & Co | FY 2022 | 017043S |
Shareholding
The shareholding of Parallel Track Mhe 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 Parallel Track Mhe Private Limited, buy the company report.
Legal cases
Parallel Track Mhe Private Limited has 1 court case on record: 1 filed by Parallel Track Mhe. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Karnataka State Financial Corporation | Pending |
To see the full case history of Parallel Track Mhe Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Parallel Track Mhe Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Parallel Track Mhe has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCP0869G2Z4 | Karnataka | Active | 04 Nov 2023 |
To see the full GST registrations and return filing status of Parallel Track Mhe Private Limited, buy the company report.
Recent activity
Parallel Track Mhe Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Radhakrishnan Vinod ceased to be Director on 24 Nov 2023.
Frequently asked questions
Parallel Track Mhe is an active private limited company based in Bangalore, Karnataka, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 13 May 2009 (17+ years old) and is registered under CIN U74900KA2009PTC049836.
Parallel Track Mhe has 2 current directors:
- Uday Manikrao Pannase - Director
- Valsan Radhakrishnan Kottil - Director
The latest financial statements of Parallel Track Mhe on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Parallel Track Mhe is 29AAFCP0869G2Z4, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Parallel Track Mhe is U74900KA2009PTC049836. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parallel Track Mhe has 1 court case on record: 1 filed by the company. 1 is pending.
Parallel Track Mhe was incorporated on 13 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
Radhakrishnan Vinod ceased to be Director on 24 Nov 2023. Valsan Radhakrishnan Kottil was appointed as Director on 16 Nov 2023. Valsan Radhakrishnan Kottil ceased to be Director on 23 Mar 2018. Parallel Track Mhe has 5 board changes on record in total.
The registered office of Parallel Track Mhe is at No. 371 6th Main Singasandra Hosur Main Road, Bangalore, Karnataka, India – 560068.
Parallel Track Mhe operates in the machinery and equipment industry, in the material handling and storage equipment segment.