Parallel Minds Technology Solutions Private Limited

Digital transformation and software development services for enterprises and start-ups.

2008 | Pune, Maharashtra (India) | Active
Last Updated: January 03, 2025

Parallel Minds Technology Solutions Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 17 Year, 28 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 3.38 Cr
  • Satisfied Charges ₹ 2.40 Cr
  • Revenue Growth 97.34%
  • Profit Growth 191.10%
  • Ebitda 113.58%
  • Net Worth 162.08%
  • Total Assets 49.50%

About Parallel Minds Technology Solutions

Parallel Minds Technology Solutions Private Limited (PMTSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 11 January 2008 and has a history of 17 years. Its registered office is in Pune, Maharashtra, India.

The Company is engaged in the Information Technology Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 0.10 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹3.38 Cr. The company has closed loans amounting to ₹2.40 Cr, as per Ministry of Corporate Affairs (MCA) records.

Parag Bihade and Ramesh Bihade serve as directors at the Company.

Company Details

  • Location

    Pune, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U72200PN2008PTC131273

  • Company No.

    131273

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    11 Jan 2008

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Information Technology

What products or services does Parallel Minds Technology Solutions Private Limited offer?

Parallel Minds Technology Solutions Private Limited offers a wide range of products and services, including Networking Solutions, Cloud Computing Service, Content Writing Service, Research Development Services, IT Solutions, Enterprise Mobility Solution.

Who are the key members and board of directors at Parallel Minds Technology Solutions?

Board Members (2)

Name Designation Appointment Date Status
Parag Bihade Country flag representing In Director 11-Jan-2008 Current
Ramesh Bihade Country flag representing In Director 29-Dec-2014 Current

Financial Performance of Parallel Minds Technology Solutions.

Parallel Minds Technology Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 97.34% increase. The company also saw a substantial improvement in profitability, with a 191.1% increase in profit. The company's net worth Soared by an impressive increase of 162.08%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • 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
97.34%
Revenue from Operations
96.69%
Total Assets
49.50%
Profit or Loss
191.10%
Net Worth
162.08%
EBITDA
113.58%

What is the Ownership and Shareholding Structure of Parallel Minds Technology Solutions?

Unlock access to Parallel Minds Technology Solutions'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 Indicator graph

Charges (Loans)

Open Charges

₹33.80 M

Satisfied Charges

₹23.97 M

Charges Breakdown by Lending Institutions

  • Others : 3.38 Cr

Latest Charge Details

Date Lender Amount Status
28 Nov 2022 Others ₹3.38 Cr Open
16 Mar 2021 Others ₹5.70 M Satisfied
22 Jun 2018 Others ₹6.00 M Satisfied
05 Jan 2012 State Bank Of India ₹1.23 Cr Satisfied

How Many Employees Work at Parallel Minds Technology Solutions?

Unlock and access historical data on people associated with Parallel Minds Technology Solutions, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Parallel Minds Technology Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Parallel Minds Technology Solutions's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Parallel Minds Technology Solutions

Recent activity within the organization

  • Annual General Meeting

    Parallel Minds Technology Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Parallel Minds Technology Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.

    31 Mar 2024

  • Charges

    A charge with Others of Rs. 33.80 M registered on 28 Nov 2022 with Charge ID 100685927 was modified on 31 Oct 2023.

    31 Oct 2023

  • Charges

    A charge registered on 16 Mar 2021 via Charge ID 100486854 with Others was fully satisfied on 27 Dec 2022.

    27 Dec 2022

  • Charges

    A charge with Others amounted to Rs. 33.80 M with Charge ID 100685927 was registered on 28 Nov 2022.

    28 Nov 2022

  • Charges

    A charge registered on 05 Jan 2012 via Charge ID 10331114 with State Bank Of India was fully satisfied on 14 Nov 2022.

    14 Nov 2022

Frequently asked questions

  • Parallel Minds Technology Solutions Private Limited was incorporated on 11 Jan 2008.

  • The authorized share capital of Parallel Minds Technology Solutions Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 2 directors are associated with Parallel Minds Technology Solutions Private Limited.

    • Parag Rameshrao Bihade
    • Ramesh Shivramsa Bihade
  • As per Ministry of Corporate Affairs (Mca), the registered address of Parallel Minds Technology Solutions Private Limited is C 201, Bramhacorp Vantage Tower Bavdhan India, Pune, Maharashtra, 411021.

  • The corporate identification number (CIN) of Parallel Minds Technology Solutions Private Limited is U72200PN2008PTC131273 and the company number is 131273 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Parallel Minds Technology Solutions Private Limited is https://www.parallelminds.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Parallel Minds Technology Solutions Private Limited has risen by 97.34%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Parallel Minds Technology Solutions Private Limited has experienced an upsurge of 162.08%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Parallel Minds Technology Solutions Private Limited amount to ₹ 3.38 Cr.

  • The most recent Balance Sheet for Parallel Minds Technology Solutions Private Limited was filed with the ROC on 31 Mar 2024.

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