MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-HP-09-0000090
31 Parallel IT & BPO Solutions Private Limited - business outsourcing in Shimla, Himachal Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹15.68 Cr
▼ 13% YoY
Net profit · FY 2024
₹74.98 Lakh
Net margin 4.8%
EBITDA · FY 2024
₹1.56 Cr
EBITDA margin 9.9%
Authorised capital
₹6 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹4.12 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Directors on board
2
As per MCA filings
About 31 Parallel IT & BPO Solutions Private Limited
Data last updated:
31 Parallel IT & BPO Solutions 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 23 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U74999HP2014PTC000715. Its GSTIN is 02AAACZ7585N1ZQ (Himachal Pradesh).
The company has an authorised share capital of ₹6 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 Ground Floor Vishwanath Bhawan Kasumpati, Shimla, Himachal Pradesh, India – 171009.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.68 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹74.98 Lakh (net margin 4.8%) and EBITDA of ₹1.56 Cr (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 12% over five years.
As per MCA filings, the company has open charges of ₹4.12 Cr on record. Court records list 12 cases involving the company, including 12 filed against it; 8 cases are pending.
31 Parallel IT & BPO Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-HP-09-0000090). 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 U74999HP2014PTC000715
Registration Number 000715
Incorporation Date 23 June 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 Small
Udyam Registration UDYAM-HP-09-0000090
Recognitions & Rankings of 31 Parallel IT & BPO Solutions
Contact details
31 Parallel IT & BPO Solutions 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
- Social Media
- Registered AddressGround Floor Vishwanath Bhawan Kasumpati, Shimla, Himachal Pradesh, India – 171009
- IndustryBusiness Outsourcing, Business Process Outsourcing
To see the full contact details of 31 Parallel IT & BPO Solutions Private Limited, buy the company report.
Comprehensive company report
31 Parallel IT & BPO Solutions 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of 31 Parallel IT & BPO Solutions 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 code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N6 | Office 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 IT & BPO Solutions Private Limited, buy the company report.
Financials of 31 Parallel IT & BPO Solutions Private Limited
FY 2024 filings available31 Parallel IT & BPO Solutions Private Limited reported revenue of ₹15.68 Cr (down 13% YoY) for FY 2024.
Revenue · FY 2024
₹15.68 Cr ▼ 13%
Net profit · FY 2024
₹74.98 Lakh margin 4.8%
EBITDA · FY 2024
₹1.56 Cr margin 9.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 33%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 49%
3 years · compounded
▲ 62%
5 years · compounded
▲ 15%
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.56 Cr | ||||
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| Net Profit (PAT) | ₹74.98 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 | 9.9% | ||||
| Net Profit Margin | 4.8% | ||||
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To see the full financial statements and ratios of 31 Parallel IT & BPO Solutions Private Limited, buy the company report.
Board of directors of 31 Parallel IT & BPO Solutions Private Limited
31 Parallel IT & BPO Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Parmar | Director | 23 Jun 2014 | 12 Years 4 Months | Current |
| Karan Pal Singh Chauhan | Director | 23 Jun 2014 | 12 Years 4 Months | Current |
Auditor
31 Parallel IT & BPO Solutions Private Limited is audited by K. N. Chandla & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. N. Chandla & Co. | FY 2022 | 001326N |
Shareholding
The shareholding of 31 Parallel IT & BPO Solutions 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 31 Parallel IT & BPO Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.12 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jul 2016 | 100044374 | Uco Bank | ₹4.12 Cr | Open |
To see the full charge records of 31 Parallel IT & BPO Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
31 Parallel IT & BPO Solutions Private Limited has 12 court cases on record: 12 filed against it. 8 cases are pending and 4 are disposed.
Total cases
12
Filed against the company
12
Pending
8
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 8 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by Computer Junction Pvt. Ltd. | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Computer Junction Pvt Ltd | Pending |
| District court, Shimla, Himachal Pradesh | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Shimla, Himachal Pradesh | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Shimla, Himachal Pradesh | Cheque dishonour complaint | Filed against the company by Uco Bank | Pending |
To see the full case history of 31 Parallel IT & BPO Solutions 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 31 Parallel IT & BPO Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
31 Parallel IT & BPO Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAACZ7585N1ZQ | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of 31 Parallel IT & BPO Solutions Private Limited, buy the company report.
Recent activity
31 Parallel IT & BPO Solutions Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Karan Pal Singh Chauhan was appointed as Director on 23 Jun 2014.
AGM
31 Parallel It & Bpo Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
31 Parallel It & Bpo Solutions 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. 411.68 Lakh registered on 20 Jul 2016 with Charge ID 100044374 was modified on 29 Aug 2023.
Charges
A charge with Uco Bank amounted to Rs. 411.68 Lakh with Charge ID 100044374 was registered on 20 Jul 2016.
Appointed
Karan Pal Singh Chauhan was appointed as Director.
Appointed
Vivek Parmar was appointed as Director.
Incorporation
23 Jun 2014
31 Parallel It & Bpo Solutions Private Limited was registered on 23 Jun 2014 with Roc Himachal Pradesh & aged 12 years 4 months as per MCA records.
Frequently asked questions
31 Parallel IT & BPO Solutions 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 23 June 2014 (12+ years old) and is registered under CIN U74999HP2014PTC000715.
31 Parallel IT & BPO Solutions has 2 current directors:
- Vivek Parmar - Director
- Karan Pal Singh Chauhan - Director
The latest financial statements of 31 Parallel IT & BPO Solutions 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 31 Parallel IT & BPO Solutions is 02AAACZ7585N1ZQ, registered in Himachal Pradesh.
The CIN (Corporate Identification Number) of 31 Parallel IT & BPO Solutions is U74999HP2014PTC000715. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
31 Parallel IT & BPO Solutions has 12 court cases on record: 12 filed against it. 8 are pending.
31 Parallel IT & BPO Solutions was incorporated on 23 June 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 23 Jun 2014. Vivek Parmar was appointed as Director on 23 Jun 2014.
Yes, 31 Parallel IT & BPO Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-HP-09-0000090).
31 Parallel IT & BPO Solutions can be reached through the website 31parallel.com. Its registered office is in Shimla, Himachal Pradesh, India.