Parallel Team Technologies Private Limited
About Parallel Team Technologies Private Limited
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Parallel Team Technologies Private Limited is a private limited company based in Noida, Uttar Pradesh, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 20 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U72200UP2019PTC124777. Its GSTIN is 09AAKCP9430A1ZF (Uttar Pradesh).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Nishu Sinha and Mala Sinha.
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 C 370 Sector 22 Chauda Sadatpur, Noida, Uttar Pradesh, India – 201301.
As per the financials filed for FY 2024, the company reported a revenue of ₹28.09 Lakh, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹42,473 (net margin 1.5%) and EBITDA of ₹1.38 Lakh (EBITDA margin 4.9%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years.
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- Registered AddressC 370 Sector 22 Chauda Sadatpur, Noida, Uttar Pradesh, India – 201301
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Parallel Team Technologies Private Limited
The main business activity of Parallel Team Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Parallel Team Technologies Private Limited FY 2024 filings available
Parallel Team Technologies Private Limited reported revenue of ₹28.09 Lakh (down 25% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Parallel Team Technologies Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 9% over three years, including a 25% fall in the latest year. EBITDA fell 20% 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 of Parallel Team Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | ₹1.38 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹42,473 | •••• | •••• | •••• | •••• |
| 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 of Parallel Team Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Parallel Team Technologies are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Parallel Team Technologies Private Limited
Parallel Team Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Anorcap Private Limited | ₹28.1 Lakh (FY 2024) | •••• | •••• | 84.0% | •••• | Bengaluru, Karnataka, India |
| Botrecruits Software Private Limited | ₹28.1 Lakh (FY 2025) | •••• | •••• | -15.0% | •••• | Bangalore, Karnataka, India |
| Frog Tele Private Limited | ₹28.1 Lakh (FY 2025) | •••• | •••• | -53.0% | •••• | Delhi, India |
| Lakshana Technologies Private Limited | ₹28.1 Lakh (FY 2024) | •••• | •••• | -5.0% | •••• | Chennai, Tamil Nadu, India |
| Techlect Business Solutions Private Limited | ₹28.1 Lakh (FY 2021) | •••• | •••• | -33.0% | •••• | Indore, Madhya Pradesh, India |
| Parallel Team Technologies Private Limited this company | ₹28.09 Lakh (FY 2024) | •••• | •••• | -25.0% | •••• | Noida, Uttar Pradesh, India |
| Ranisatidadi Distributors Private Limited | ₹28.09 Lakh (FY 2024) | •••• | •••• | 1.0% | •••• | Kolkata, West Bengal, India |
| Coding Academy (OPC) Private Limited | ₹28.08 Lakh (FY 2025) | •••• | •••• | -1.0% | •••• | Dehradun, Uttarakhand, India |
| Seclogic Technologies Private Limited | ₹28.07 Lakh (FY 2025) | •••• | •••• | -55.0% | •••• | New Delhi, Delhi, India |
| Bostonlogix (India) Private Limited | ₹28.05 Lakh (FY 2024) | •••• | •••• | -93.0% | •••• | Hyderabad, Telangana, India |
| Smarketic24 Services (OPC) Private Limited | ₹28.04 Lakh (FY 2024) | •••• | •••• | 460.0% | •••• | Noida, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Parallel Team Technologies by revenue in the same principal business activity (Other information & communication service activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Parallel Team Technologies Private Limited
Parallel Team Technologies Private Limited is audited by URVASHI AND ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| URVASHI AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Parallel Team Technologies Private Limited
Parallel Team Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nishu Sinha | Director | 20 Dec 2019 | 6 Years 9 Months | Current |
| Mala Sinha | Director | 20 Dec 2019 | 6 Years 9 Months | Current |
Ownership and Shareholding of Parallel Team Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Parallel Team Technologies Private Limited
Parallel Team Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Parallel Team Technologies Private Limited
Employment history and EPFO contributions of people linked to Parallel Team Technologies.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Parallel Team Technologies Private Limited
Parallel Team Technologies Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Mala Sinha was appointed as Director on 20 Dec 2019.
Credit Ratings, Litigation & Regulatory Alerts for Parallel Team Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Parallel Team Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Parallel Team Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Parallel Team Technologies Private Limited
Parallel Team Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAKCP9430A1ZF | Uttar Pradesh | Active | 04 Jan 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Parallel Team Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Parallel Team Technologies Private Limited
Parallel Team Technologies is an active private limited company based in Noida, Uttar Pradesh, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 20 December 2019 (7+ years old) and is registered under CIN U72200UP2019PTC124777.
Parallel Team Technologies reported revenue of ₹28.09 Lakh for FY 2024 (down 25% YoY).
Parallel Team Technologies has 2 current directors:
- Nishu Sinha - Director
- Mala Sinha - Director
Parallel Team Technologies reported a net profit of ₹42,473 (net margin 1.5%) and EBITDA of ₹1.38 Lakh (EBITDA margin 4.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Parallel Team Technologies is -9% over three years. In the latest year (FY 2024) revenue fell 25%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Parallel Team Technologies is 09AAKCP9430A1ZF, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Parallel Team Technologies is U72200UP2019PTC124777. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parallel Team Technologies was incorporated on 20 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Kanpur.
The peers of Parallel Team Technologies by revenue are Anorcap Private Limited, Botrecruits Software Private Limited, Frog Tele Private Limited, Lakshana Technologies Private Limited, Techlect Business Solutions Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Mala Sinha was appointed as Director on 20 Dec 2019. Nishu Sinha was appointed as Director on 20 Dec 2019.
The registered office of Parallel Team Technologies is at C 370 Sector 22 Chauda Sadatpur, Noida, Uttar Pradesh, India – 201301.