Parallel Track Engineering Company Private Limited - Company Profile

It is a metals and minerals private limited company based in Bangalore, Karnataka, India, established in 2006.
2006 Bangalore, Karnataka, India Active
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About Parallel Track Engineering Company Private Limited

Parallel Track Engineering Company Private Limited, a active private limited company, was established on 23 August 2006 in Bangalore, Karnataka, India. Engaging in other metals & minerals within the manufacturing sector, it holds CIN: U29241KA2006PTC040269. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹9.21 Cr and a paid-up capital of ₹0.10 M.

It upholds a compliant status. Employing 13 professional, Its leadership includes Uday Manikrao Pannase (Director), Valsan Radhakrishnan Kottil (Director). Past directors included Valsan Radhakrishnan, Rajan Aggarwal, Valsan Radhakrishnan Kottil. It holds no open charges and ₹1.75 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Sy No. 105/1/2/3, 17Th Km Old Madras Road, Medahalli, Virgonagar, Post,, Bangalore, Karnataka, 560049.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
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Company Details

  • CIN/LLPIN

    U29241KA2006PTC040269

  • Registration Number

    040269

  • Incorporation Date

    23 August 2006

  • Authorized Capital

    ₹9.21 Cr

  • Paid-Up Capital

    ₹0.10 M

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 9.21 Cr
  • Paid Up Capital ₹ 0.10 M
  • Company Age 19 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 1.75 Cr
  • Revenue Growth **** 6.74%
  • Profit Growth **** -42.72%
  • Ebitda **** -20.41%
  • Net Worth 0.91%
  • Total Assets -11.22%
Company report

Parallel Track Engineering Company Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Parallel Track Engineering Company Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Parallel Track Engineering Company Private Limited?
Current Directors
Name Designation Appointment Date Status
Uday Manikrao Pannase Director 23 Aug 2006 Current
Valsan Radhakrishnan Kottil Director 26 Mar 2023 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director - Past
Pramod Abcsdd Director 15 Apr 2016 Past
Pramod Abcsdd Director 20 May 2017 Past
Pramod Abcsdd Director 30 Mar 2023 Past

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Financial Performance of Parallel Track Engineering Company.

Parallel Track Engineering Company Private Limited, for the financial year ended 2022, experienced modest growth in revenue, with a 6.74% increase. The company also saw a substantial fall in profitability, with a 42.72% decrease in profit. The company's net worth moved up by a moderate rise of 0.91%.

Parallel Track Engineering Company revenue growth over time
Parallel Track Engineering Company profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 6.74%
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*******
*******
*******
Revenue from Operations
*******
 6.26%
*******
*******
*******
*******
Total Assets
*******
 -11.22%
*******
*******
*******
*******
Profit or Loss
*******
 -42.72%
*******
*******
*******
*******
Net Worth
*******
 0.91%
*******
*******
*******
*******
EBITDA
*******
 -20.41%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Parallel Track Engineering Company?

Unlock access to Parallel Track Engineering Company's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹0

Satisfied Charges

₹17,500,000.00

Charges Breakdown by Lending Institutions
  • Canara Bank : 1.75 Cr
Latest Charge Details
Date Lender Amount Status
06 Mar 2007 Canara Bank ₹1.75 Cr Satisfied

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How Many Employees Work at Parallel Track Engineering Company?

Parallel Track Engineering Company has a workforce of 13 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

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Rating
Graph displaying rating trends over time

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Alerts
Alert Indicator

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Latest Updates, News, and FAQs on Parallel Track Engineering Company
Recent Activity within the Organization
  • Annual General Meeting

    Parallel Track Engineering Company Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    The activity Parallel Track Engineering Company Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore. was completed.

  • Director Appointment

    Progress on Valsan Radhakrishnan Kottil was appointed as a Director was appointed as a Director on 26 Mar 2023 & has been associated with this company since 2 years 10 months . was documented.

  • Charges

    A charge registered on 06 Mar 2007 via Charge ID 10076716 with Canara Bank was fully satisfied on 25 Mar 2014. was recorded as a recent event.

  • Charges

    A charge with Canara Bank amounted to Rs. 1.75 Cr with Charge ID 10076716 was registered on 06 Mar 2007. was recorded as a recent event.

  • Director Appointment

    Uday Manikrao Pannase was appointed as a Director was appointed as a Director on 23 Aug 2006 & has been associated with this company since 19 years 5 months . was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Parallel Track Engineering Company Private Limited?

The CIN of Parallel Track Engineering Company Private Limited is U29241KA2006PTC040269.

Where is Parallel Track Engineering Company Private Limited headquartered?

Parallel Track Engineering Company Private Limited is headquartered at Sy No. 105/1/2/3, 17Th Km Old Madras Road, Medahalli, Virgonagar, Post,, Bangalore, Karnataka, 560049.

When was Parallel Track Engineering Company Private Limited incorporated?

Parallel Track Engineering Company Private Limited was incorporated on 23 August 2006.

Who are the current directors of Parallel Track Engineering Company Private Limited?

The current directors of Parallel Track Engineering Company Private Limited are

What is the primary industry of Parallel Track Engineering Company Private Limited?

The primary industry of Parallel Track Engineering Company Private Limited is Manufacturing.

Is Parallel Track Engineering Company Private Limited a listed company?

Parallel Track Engineering Company Private Limited is unlisted.

What is the capital structure of Parallel Track Engineering Company Private Limited?

The authorized capital of Parallel Track Engineering Company Private Limited is ₹9.21 Cr, and the paid-up capital is ₹0.10 M.

What is the compliance status of Parallel Track Engineering Company Private Limited?

The compliance status of Parallel Track Engineering Company Private Limited is Compliant.

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