MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MP-40-0002807
Parallel Digital Private Limited - information technology in Satna, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹10.45 Cr
▲ 3% YoY
Net profit · FY 2024
₹64.97 Lakh
Net margin 6.2%
EBITDA · FY 2024
₹1.25 Cr
EBITDA margin 12%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹38 Lakh
Satisfied ₹23.75 Lakh
Company age
13 yrs
Est. 2013
Employees · EPFO
33
Provident fund records
About Parallel Digital Private Limited
Data last updated:
Parallel Digital Private Limited is a private limited company based in Satna, Madhya Pradesh, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 26 November 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U72300MP2013PTC031837. Its GSTIN is 23AAACZ7118D1ZM (Madhya Pradesh). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Neha Chaitanya and Robin Dhanwani.
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 101 – 102 Sriram Apartment Shakti Vihar Colony, Satna, Madhya Pradesh, India – 485001.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.45 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹64.97 Lakh (net margin 6.2%) and EBITDA of ₹1.25 Cr (EBITDA margin 12%). Revenue has grown at a compounded annual rate (CAGR) of 77% over three years and 47% over five years.
The company has about 33 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Parallel. As per MCA filings, the company has open charges of ₹38 Lakh and satisfied charges of ₹23.75 Lakh on record.
Parallel Digital Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MP-40-0002807). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website parallelhq.com.
Company details
CIN U72300MP2013PTC031837
Registration Number 031837
Incorporation Date 26 November 2013
ROC Gwalior
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 MSME
Udyam Registration UDYAM-MP-40-0002807
Key People
Neha Chaitanya Director Robin Dhanwani Director Recognitions & Rankings of Parallel Digital
Contact details
Parallel Digital Private Limited's registered office is in Satna, Madhya Pradesh. Its website is parallelhq.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address101 – 102 Sriram Apartment Shakti Vihar Colony, Satna, Madhya Pradesh, India – 485001
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Parallel Digital Private Limited, buy the company report.
Comprehensive company report
Parallel Digital 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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Brands
Parallel Digital operates one associated brand: Parallel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Parallel is engaged in AI-native product design and user experience solutions. | parallelhq.com |
Business activity
The main business activity of Parallel Digital is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Parallel Digital Private Limited, buy the company report.
Financials of Parallel Digital Private Limited
FY 2024 filings availableParallel Digital Private Limited reported revenue of ₹10.45 Cr (up 3% YoY) for FY 2024.
Revenue · FY 2024
₹10.45 Cr ▲ 3%
Net profit · FY 2024
₹64.97 Lakh margin 6.2%
EBITDA · FY 2024
₹1.25 Cr margin 12%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 77%
5 years · compounded
▲ 47%
EBITDA CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 97%
5 years · compounded
▲ 60%
Revenue has grown at a compounded annual rate (CAGR) of 47% over five years, including 3% growth in the latest year. EBITDA rose 1% 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 | ₹1.25 Cr | ||||
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| Net Profit (PAT) | ₹64.97 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 | 12% | ||||
| Net Profit Margin | 6.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Parallel Digital Private Limited, buy the company report.
Board of directors of Parallel Digital Private Limited
Parallel Digital has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neha Chaitanya Also directs: Parallel Innovation Labs LLP | Director | 08 Dec 2023 | 2 Years 10 Months | Current |
| Robin Dhanwani Also directs: Parallel Innovation Labs LLP | Director | 26 Nov 2013 | 12 Years 11 Months | Current |
Peer comparison
Parallel Digital Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rishabh Interior Private Limited | ₹10.46 Cr (FY 2020) | 66.0% | New Delhi, Delhi, India | |||
| Finoit Technologies (I) Private Limited | ₹10.46 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Sharath Technologies Private Limited | ₹10.46 Cr (FY 2024) | -5.0% | Bangalore, Karnataka, India | |||
| Talentbeacon HR Solutions Private Limited | ₹10.46 Cr (FY 2025) | 15.0% | Hyderabad, Telangana, India | |||
| Parallel Digital Private Limitedthis company | ₹10.45 Cr (FY 2024) | ₹64.97 Lakh | 6.2% | 3.0% | 33 | Satna, Madhya Pradesh, India |
| Gensol Consultants Private Limited | ₹10.45 Cr (FY 2023) | -17.0% | Gurgaon, Haryana, India | |||
| Cma Turnkey Projects Private Limited | ₹10.45 Cr (FY 2025) | 115.0% | Jaipur, Rajasthan, India | |||
| Tayana Technologies Private Limited | ₹10.44 Cr (FY 2025) | 16.0% | Hyderabad, Telangana, India | |||
| Nova Weatherworks Acr (India) Private Limited | ₹10.44 Cr (FY 2024) | 16.0% | Mumbai, Maharashtra, India | |||
| Alex Electrical Engineers Private Limited | ₹10.44 Cr (FY 2024) | -14.0% | Thane, Maharashtra, India |
To see the full peer comparison of Parallel Digital Private Limited, buy the company report.
Auditor
Parallel Digital Private Limited is audited by AMIT DUBEY & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AMIT DUBEY & ASSOCIATES | FY 2023 | 138835 |
Shareholding
The shareholding of Parallel Digital 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 category | FY 2023 | 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 Digital Private Limited, buy the company report.
Charges & borrowings
Open charges
₹38 Lakh
Satisfied charges
₹23.75 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2024 | 100949961 | Others | ₹38 Lakh | Open | |
| 14 Sep 2020 | 100375397 | Axis Bank Limited | ₹23.75 Lakh | Satisfied |
To see the full charge records of Parallel Digital Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Parallel Digital Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Parallel Digital Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Parallel Digital Private Limited has a workforce of 33 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
33
Active EPFO establishments
1
Employee growth
-8.33%
GST
Parallel Digital has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACZ7118D1ZM | Madhya Pradesh | Active | 01 Jul 2017 |
| 29AAACZ7118D2Z9 | Karnataka | Active | 29 Jul 2017 |
To see the full GST registrations and return filing status of Parallel Digital Private Limited, buy the company report.
Recent activity
Parallel Digital Private Limited has 4 board changes on record since 2013: 2 appointments and 2 cessations. The latest: Neha Chaitanya ceased to be Additional Director on 29 Sep 2024.
AGM
Parallel Digital Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Neha Chaitanya ceased to be Additional Director.
Filing
Parallel Digital Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Charges
A charge with Others amounted to Rs. 38.00 Lakh with Charge ID 100949961 was registered on 25 Mar 2024.
Ceased
Mohit Dhanwani ceased to be Director.
Appointed
Neha Chaitanya was appointed as Director.
Charges
A charge registered on 14 Sep 2020 via Charge ID 100375397 with Axis Bank Limited was fully satisfied on 14 Sep 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 23.75 Lakh with Charge ID 100375397 was registered on 14 Sep 2020.
Appointed
Robin Dhanwani was appointed as Director.
Incorporation
26 Nov 2013
Parallel Digital Private Limited was registered on 26 Nov 2013 with Roc Gwalior & aged 12 years 11 months as per MCA records.
Frequently asked questions
Parallel Digital is an active private limited company based in Satna, Madhya Pradesh, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 26 November 2013 (13+ years old) and is registered under CIN U72300MP2013PTC031837.
Parallel Digital has 2 current directors:
- Neha Chaitanya - Director
- Robin Dhanwani - Director
The latest financial statements of Parallel Digital 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 Digital is 23AAACZ7118D1ZM, registered in Madhya Pradesh. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAACZ7118D2Z9 (Karnataka).
The CIN (Corporate Identification Number) of Parallel Digital is U72300MP2013PTC031837. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parallel Digital was incorporated on 26 November 2013, making it 13+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Parallel Digital by revenue are Rishabh Interior Private Limited, Finoit Technologies (I) Private Limited, Sharath Technologies Private Limited, Talentbeacon HR Solutions Private Limited, Gensol Consultants Private Limited and 4 more, all in the same principal business activity (other professional, scientific and technical activities).
Neha Chaitanya ceased to be Additional Director on 29 Sep 2024. Mohit Dhanwani ceased to be Director on 08 Dec 2023. Neha Chaitanya was appointed as Director on 08 Dec 2023. Parallel Digital has 4 board changes on record in total.
Yes, Parallel Digital is registered as an MSME under Udyam registration (number: UDYAM-MP-40-0002807).
Parallel Digital can be reached through the website parallelhq.com. Its registered office is in Satna, Madhya Pradesh, India.
The registered office of Parallel Digital is at 101 – 102 Sriram Apartment Shakti Vihar Colony, Satna, Madhya Pradesh, India – 485001.