About Parallel HR Solutions Private Limited
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Parallel HR Solutions Private Limited is a private limited company based in Nashik, Maharashtra, India, a subsidiary of Parallel Hr Solutions Inc.. It operates in the placement services segment of the professional services sector. It was incorporated on 26 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93090MH2010PTC207119. Its GSTIN is 27AAFCP6392Q1ZI (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mahesh Subhash Gunjal and Michael Dash.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Nashik, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹84.33 Lakh, a decline of 40% compared to the previous year. For the same year it recorded a net profit of ₹7.72 Lakh (net margin 9.2%) and EBITDA of ₹10.98 Lakh (EBITDA margin 13%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website parallelhr.com.
Company details
Contact details
Parallel HR Solutions Private Limited's registered office is in Nashik, Maharashtra. Its website is parallelhr.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1st Floor Office No.2 3 Yasho Mandir Co – Op.Hsg Soc Pl No.464 S.No.717/1B/1B Malaria Stop Co, Llege Road, Nashik, Maharashtra, India – 422005
- IndustryProfessional Services, Placement Services, Human Resources
To see the full contact details of Parallel HR Solutions 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
Business activity
The main business activity of Parallel HR Solutions is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Parallel HR Solutions Private Limited, buy the company report.
Financials of Parallel HR Solutions Private Limited
FY 2019 filings availableParallel HR Solutions Private Limited reported revenue of ₹84.33 Lakh (down 40% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 21% over three years, including a 40% fall in the latest year. EBITDA fell 58% 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
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| EBITDA | ₹10.98 Lakh | ||||
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| Net Profit (PAT) | ₹7.72 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA Margin | 13% | ||||
| Net Profit Margin | 9.2% | ||||
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To see the full financial statements and ratios of Parallel HR Solutions Private Limited, buy the company report.
Board of directors of Parallel HR Solutions Private Limited
Parallel HR Solutions has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Subhash Gunjal Also directs: Adhitantra Private Limited | Director | 25 Mar 2014 | 12 Years 7 Months | Current |
| Michael Dash | Director | 18 Jan 2012 | 14 Years 9 Months | Current |
Auditor
Parallel HR Solutions Private Limited is audited by CA NARENDRA M. GOSAVI for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CA NARENDRA M. GOSAVI | FY 2017 | 038544 |
Shareholding
The shareholding of Parallel HR Solutions Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Parallel HR Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Parallel HR Solutions 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 HR Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Parallel HR Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP6392Q1ZI | Maharashtra | Active | 02 Sep 2017 |
To see the full GST registrations and return filing status of Parallel HR Solutions Private Limited, buy the company report.
Recent activity
Parallel HR Solutions Private Limited has 9 board changes on record since 2012: 2 appointments and 7 cessations. The latest: Kristi Sue Page ceased to be Director on 12 Apr 2017.
Frequently asked questions
Parallel HR Solutions is an active private limited company based in Nashik, Maharashtra, India. The company works in placement services, within the professional services industry. It was incorporated on 26 August 2010 (16+ years old) and is registered under CIN U93090MH2010PTC207119.
Parallel HR Solutions has 2 current directors:
- Mahesh Subhash Gunjal - Director
- Michael Dash - Director
The latest financial statements of Parallel HR Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Parallel HR Solutions is 27AAFCP6392Q1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Parallel HR Solutions is U93090MH2010PTC207119. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parallel HR Solutions was incorporated on 26 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Kristi Sue Page ceased to be Director on 12 Apr 2017. Michael Dash ceased to be Additional Director on 30 Sep 2015. Behera Sudarsan ceased to be Director on 18 Feb 2015. Parallel HR Solutions has 9 board changes on record in total.
Parallel HR Solutions can be reached through the website parallelhr.com. Its registered office is in Nashik, Maharashtra, India.
The registered office of Parallel HR Solutions is at 1st Floor Office No.2 3 Yasho Mandir Co – Op.Hsg Soc Pl No.464 S.No.7171B1B Malaria Stop Co, Llege Road, Nashik, Maharashtra, India – 422005.
Parallel HR Solutions operates in the professional services industry, in the placement services segment.