31 Parallel Business Processing Operation Private Limited

31 Parallel Business Processing Operation Private Limited - business outsourcing in Shimla, Himachal Pradesh, India. FY 2026 financials & compliance.
CIN U74999HP2014PTC000635 Incorporated 15 January 2014 ROC Himachal Pradesh HQ Shimla, Himachal Pradesh, India
Active Private Limited Company business outsourcing MSME · Micro
Data last updated
Revenue · FY 2024
₹3.78 Cr
▲ 68% YoY
Net profit · FY 2024
₹5.28 Lakh
Net margin 1.4%
EBITDA · FY 2024
₹32.47 Lakh
EBITDA margin 8.6%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹1.27 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Employees · EPFO
24
Provident fund records

About 31 Parallel Business Processing Operation Private Limited

Data last updated:

31 Parallel Business Processing Operation Private Limited is a private limited company based in Shimla, Himachal Pradesh, India. It operates in the business process outsourcing sector. It was incorporated on 15 January 2014 and has been in existence for over 12 years.

The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U74999HP2014PTC000635. The company has 2 GST registrations on record, none of which 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 Vivek Parmar and Karan Pal Singh Chauhan.

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 Vishwanath Bhawan Ground Floor Kasumpati, Shimla, Himachal Pradesh, India – 171009.

As per the financials filed for FY 2024, the company reported a revenue of ₹3.78 Cr, a growth of 68% compared to the previous year. For the same year it recorded a net profit of ₹5.28 Lakh (net margin 1.4%) and EBITDA of ₹32.47 Lakh (EBITDA margin 8.6%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 46% over five years.

The company has about 24 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹1.27 Cr on record. Court records list 10 cases involving the company, including 10 filed against it; 10 cases are pending.

31 Parallel Business Processing Operation Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-HP-09-0004852). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website 31parallel.com.

Company details

CIN U74999HP2014PTC000635
Registration Number 000635
Incorporation Date 15 January 2014
ROC Himachal Pradesh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-HP-09-0004852
Key People
Vivek Parmar Director Karan Pal Singh Chauhan Director

Recognitions & Rankings of 31 Parallel Business Processing Operation

MSME (Udyam registered) Ministry of MSME
Category
Micro (2023-24)
Udyam number
UDYAM-HP-09-0004852

Contact details

31 Parallel Business Processing Operation Private Limited's registered office is in Shimla, Himachal Pradesh. Its website is 31parallel.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    31parallel.com
  • Social Media
  • Registered Address
    Vishwanath Bhawan Ground Floor Kasumpati, Shimla, Himachal Pradesh, India – 171009
  • Industry
    Business Outsourcing, Business Process Outsourcing

To see the full contact details of 31 Parallel Business Processing Operation Private Limited, buy the company report.

Comprehensive company report
31 Parallel Business Processing Operation Private Limited - one report that includes everything
  • 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
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Business activity

The main business activity of 31 Parallel Business Processing Operation is support service to organizations. In detail, this covers office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc..

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
NSupport service to OrganizationsN6Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc.

To see the full business activity and turnover split of 31 Parallel Business Processing Operation Private Limited, buy the company report.

Financials of 31 Parallel Business Processing Operation Private Limited

FY 2024 filings available

31 Parallel Business Processing Operation Private Limited reported revenue of ₹3.78 Cr (up 68% YoY) for FY 2024.

Revenue · FY 2024
₹3.78 Cr ▲ 68%
Net profit · FY 2024
₹5.28 Lakh margin 1.4%
EBITDA · FY 2024
₹32.47 Lakh margin 8.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 68%
3 years · compounded
▲ 46%
5 years · compounded
▲ 46%
EBITDA CAGR growth
1 year
▲ 49%
3 years · compounded
▲ 102%
5 years · compounded
▲ 49%

Revenue has grown at a compounded annual rate (CAGR) of 46% over five years, including 68% growth in the latest year. EBITDA rose 49% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹32.47 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹5.28 Lakh
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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin8.6%
Net Profit Margin1.4%
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

To see the full financial statements and ratios of 31 Parallel Business Processing Operation Private Limited, buy the company report.

Board of directors of 31 Parallel Business Processing Operation Private Limited

31 Parallel Business Processing Operation has 2 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Vivek Parmar
Also directs: 31 Parallel IT & BPO Solutions Private Limited
Director15 Jan 201412 Years 9 MonthsCurrent
Karan Pal Singh Chauhan
Also directs: 31 Parallel IT & BPO Solutions Private Limited
Director15 Jan 201412 Years 9 MonthsCurrent
View all directors

Auditor

31 Parallel Business Processing Operation Private Limited is audited by K. N. Chandla & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
K. N. Chandla & Co.FY 2023001326N

Shareholding

The shareholding of 31 Parallel Business Processing Operation Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of 31 Parallel Business Processing Operation Private Limited, buy the company report.

Charges & borrowings

Open charges
₹1.27 Cr
Satisfied charges
None
Breakdown by lending institutions
Uco Bank₹1.27 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
28 Sep 2020100419059Uco Bank₹1.27 CrOpen

To see the full charge records of 31 Parallel Business Processing Operation Private Limited, buy the company report.

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for 31 Parallel Business Processing Operation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

31 Parallel Business Processing Operation Private Limited has a workforce of 24 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.

Employee count
24
Active EPFO establishments
1
Employee growth
-36.84%

GST

31 Parallel Business Processing Operation has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.

Total GSTINs
2
Cancelled / inactive
2

To see the full GST registrations and return filing status of 31 Parallel Business Processing Operation Private Limited, buy the company report.

Recent activity

31 Parallel Business Processing Operation Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Karan Pal Singh Chauhan was appointed as Director on 15 Jan 2014.

AGM
31 Parallel Business Processing Operation Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
31 Parallel Business Processing Operation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Himachal Pradesh.
Charges
A charge with Uco Bank of Rs. 127.30 Lakh registered on 28 Sep 2020 with Charge ID 100419059 was modified on 29 Mar 2024.
Charges
A charge with Uco Bank amounted to Rs. 127.30 Lakh with Charge ID 100419059 was registered on 28 Sep 2020.
Appointed
Karan Pal Singh Chauhan was appointed as Director.
Appointed
Vivek Parmar was appointed as Director.
Incorporation
15 Jan 2014
31 Parallel Business Processing Operation Private Limited was registered on 15 Jan 2014 with Roc Himachal Pradesh & aged 12 years 9 months as per MCA records.

Frequently asked questions

31 Parallel Business Processing Operation is an active private limited company based in Shimla, Himachal Pradesh, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 15 January 2014 (12+ years old) and is registered under CIN U74999HP2014PTC000635.

31 Parallel Business Processing Operation has 2 current directors:

The latest financial statements of 31 Parallel Business Processing Operation 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.

No. 31 Parallel Business Processing Operation has 2 GST registrations on record and all of them are cancelled or inactive.

The CIN (Corporate Identification Number) of 31 Parallel Business Processing Operation is U74999HP2014PTC000635. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

31 Parallel Business Processing Operation has 10 court cases on record: 10 filed against it. 10 are pending.

31 Parallel Business Processing Operation was incorporated on 15 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.

Karan Pal Singh Chauhan was appointed as Director on 15 Jan 2014. Vivek Parmar was appointed as Director on 15 Jan 2014.

Yes, 31 Parallel Business Processing Operation is registered as a micro enterprise under Udyam registration (number: UDYAM-HP-09-0004852).

31 Parallel Business Processing Operation can be reached through the website 31parallel.com. Its registered office is in Shimla, Himachal Pradesh, India.