About Parallel Track
Parallel Track is a company based in Bengaluru (India). Provider of storage and handling system solutions. Parallel Track offers products and services including Parallel Track Platform.
Company details
Parallel Track provider of storage and handling system solutions through its core operations. Prioritizing client-centric approaches, it ensures high-quality outcomes and sustainable practices. It continues to evolve, meeting industry challenges with strategic approaches and commitment to quality.
- Headquarters Bengaluru, India
- Website paralleltrack.biz
Associated legal entities of Parallel Track
Parallel Track is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Parallel Track Engineering Company Private Limited CIN U29241KA2006PTC040269 | Active | 23 Aug 2006 | Bangalore, Karnataka | ₹0.1 Cr | 13 | 2 | View details |
| Parallel Track Mhe Private Limited CIN U74900KA2009PTC049836 | Active | 13 May 2009 | Bangalore, Karnataka | ₹0.4 Cr | 2 | View details |
Products & Services of Parallel Track
Parallel Track offers a comprehensive portfolio of products and services, including Parallel Track Platform.
Provider of storage and handling system solutions
Board of directors of Parallel Track
The boards of the 2 registered companies of Parallel Track currently have 2 directors; the longest-serving is Uday Manikrao Pannase, appointed in 2006. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Uday Manikrao Pannase DIN 01596815 | Director | 23 Aug 2006 | 20 yrs 2 mo | Parallel Track Engineering Company Private Limited, Parallel Track Mhe Private Limited |
| Valsan Radhakrishnan Kottil DIN 00124415 | Director | 26 Mar 2023 | 3 yrs 6 mo | Parallel Track Engineering Company Private Limited, Parallel Track Mhe Private Limited |
Financials of Parallel Track
Figures of Parallel Track Engineering Company Private Limited, the primary company behind Parallel Track, for FY 2024. Revenue was ₹9.2 Lakh (-97% year on year). Net loss was -₹5.5 Lakh (-59% margin). EBITDA was -₹3.9 Lakh (-42% margin). Revenue has grown at a compounded annual rate of -60% over three years and -48% over five years.
- ₹9.2 LakhRevenue · FY 2024 · -97% YoY
- -₹5.5 LakhNet loss · -59% margin
- -₹3.9 LakhEBITDA · -42% margin
- ₹1 LakhPaid-up capital
- 13Employees (provident fund records)
- -60%Revenue CAGR, 3 years
- -48%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Parallel Track Engineering Company Private Limited are on its company page.
Detailed financial statements for Parallel Track
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Frequently Asked Questions about Parallel Track
Parallel Track is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Parallel Track provider of storage and handling system solutions through its core operations. Prioritizing client-centric approaches, it ensures high-quality outcomes and sustainable practices. It continues to evolve, meeting industry challenges with strategic approaches and commitment to quality.
Parallel Track offers Parallel Track Platform.
Parallel Track is associated with 2 legal entities: Parallel Track Engineering Company Private Limited, Parallel Track Mhe Private Limited.
The legal entities of Parallel Track currently have 2 directors, including Uday Manikrao Pannase, Valsan Radhakrishnan Kottil.