About Parity Computing India Private Limited
Data last updated:
Parity Computing India Private Limited was a foreign private limited company based in Bengaluru, Karnataka, India, operated as a subsidiary of Parity Computing Inc. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 14 November 2005.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2005FTC037664. Its GSTIN is 29AADCP7762Q1ZG (Karnataka). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Pankaj Nangia and Shanker Kaul.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 01 – 102 – A Wework Embassy Tech Village Block L Outer Ring Road, Bengaluru, Karnataka, India – 560103.
As per the financials filed for FY 2022, the company reported a revenue of ₹17.91 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹1.59 Cr (net margin 8.9%) and EBITDA of ₹2.39 Cr (EBITDA margin 13.3%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 37% over five years.
The company had about 66 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Parity Computing. Court records list 3 cases involving the company, including 3 filed by the company.
The last known website on record is paritycomputing.com.
Company details
CIN history
Parity Computing India has one previous CIN (Corporate Identification Number): U72200KA2005PTC037664. The current CIN is U72200KA2005FTC037664, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA2005FTC037664 | Current |
| U72200KA2005PTC037664 | Previous |
Contact details
Parity Computing India Private Limited's registered office is in Bengaluru, Karnataka. Its website is paritycomputing.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address01 – 102 – A Wework Embassy Tech Village Block L Outer Ring Road, Bengaluru, Karnataka, India – 560103
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
To see the full contact details of Parity Computing India 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
Parity Computing India operates one associated brand: Parity Computing. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of AI-based platform for clinical analytics | paritycomputing.com |
Business activity
The main business activity of Parity Computing India is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Parity Computing India Private Limited, buy the company report.
Financials of Parity Computing India Private Limited
FY 2022 filings availableParity Computing India Private Limited reported revenue of ₹17.91 Cr (up 37% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 37% over five years, including 37% growth in the latest year. EBITDA rose 33% 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹17.91 Cr | ||||
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| EBITDA | ₹2.39 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹1.59 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.3% | ||||
| Net Profit Margin | 8.9% | ||||
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To see the full financial statements and ratios of Parity Computing India Private Limited, buy the company report.
Board of directors of Parity Computing India Private Limited
Parity Computing India has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Nangia | Director | 07 Sep 2015 | 11 Years 1 Months | As last reported |
| Shanker Kaul | Director | 11 Sep 2019 | 7 Years 1 Months | As last reported |
Auditor
Parity Computing India Private Limited is audited by A N CHALUVAIYA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A N CHALUVAIYA & CO | FY 2019 | 000552S |
Shareholding
The shareholding of Parity Computing India Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Parity Computing India Private Limited, buy the company report.
Legal cases
Parity Computing India Private Limited has 3 court cases on record: 3 filed by Parity Computing India. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Bengaluru | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, New Delhi Bench Court-III | Petition | Filed by the company | Disposed |
| NCLT, Bengaluru | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Parity Computing India 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 Parity Computing India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Parity Computing India Private Limited has a workforce of 66 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Parity Computing India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCP7762Q1ZG | Karnataka | Active | 10 Apr 2018 |
| 07AADCP7762Q1ZM | Delhi | Active | 18 Dec 2018 |
To see the full GST registrations and return filing status of Parity Computing India Private Limited, buy the company report.
Recent activity
Parity Computing India Private Limited has 11 board changes on record since 2008: 2 appointments and 9 cessations. The latest: Ramamohan Paturi ceased to be Director on 17 Sep 2021.
2 earlier events are in the company report.
Frequently asked questions
Parity Computing India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Parity Computing India was a foreign private limited company based in Bengaluru, Karnataka, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 14 November 2005 and is registered under CIN U72200KA2005FTC037664. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Parity Computing India was incorporated on 14 November 2005. It is registered with the Registrar of Companies, Bangalore.
Parity Computing India had 2 directors:
- Pankaj Nangia - Director
- Shanker Kaul - Director
The CIN (Corporate Identification Number) of Parity Computing India is U72200KA2005FTC037664. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Parity Computing India is at 01 – 102 – A Wework Embassy Tech Village Block L Outer Ring Road, Bengaluru, Karnataka, India – 560103.
Parity Computing India can be reached through the website paritycomputing.com. Its registered office is in Bengaluru, Karnataka, India.
The latest financial statements of Parity Computing India on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Parity Computing India is 29AADCP7762Q1ZG, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AADCP7762Q1ZM (Delhi).
Parity Computing India operated in the information technology industry, in the application development and software solutions segment.
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