Parallel Minds Technology Solutions Private Limited

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

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

Parallel Minds Technology Solutions Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 17 Year, 3 Months
  • 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 and three months. 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

  • Website

  • 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.

Company report

Parallel Minds Technology Solutions Private Limited

Explore comprehensive data for Parallel Minds Technology Solutions Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Board Members (2)

NameDesignationAppointment DateStatus
Parag Bihade Country flag representing In Director 11-Jan-2008Current
Ramesh Bihade Country flag representing In Director 29-Dec-2014Current

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%.

Parallel Minds Technology Solutions revenue growth over time
Parallel Minds Technology Solutions 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

DateLenderAmountStatus
28 Nov 2022Others₹3.38 CrOpen
16 Mar 2021Others₹5.70 MSatisfied
22 Jun 2018Others₹6.00 MSatisfied
05 Jan 2012State Bank Of India₹1.23 CrSatisfied

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.

Employee growth trends for Parallel Minds Technology Solutions Private Limited

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.

  • Balance Sheet

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

  • 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.

  • Charges

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

  • Charges

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

Frequently asked questions

  • What is the Incorporation or founding date of Parallel Minds Technology Solutions Private Limited?

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

  • What is authorized share capital and paid-up capital of Parallel Minds Technology Solutions Private Limited?

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

  • Who are the current board members & directors of Parallel Minds Technology Solutions Private Limited?

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

    • Parag Rameshrao Bihade
    • Ramesh Shivramsa Bihade
  • What is the registered address of Parallel Minds Technology Solutions Private Limited?

    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.

  • What is the corporate identification number (CIN) and company number of Parallel Minds Technology Solutions Private Limited?

    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).

  • What is the official website of Parallel Minds Technology Solutions Private Limited?

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

  • What has been the recent revenue trend for Parallel Minds Technology Solutions Private Limited?

    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%.

  • What change has been observed in the net worth of Parallel Minds Technology Solutions Private Limited, and by what percentage?

    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%.

  • What are the total open charges for Parallel Minds Technology Solutions Private Limited?

    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.

  • When was the last Balance Sheet of Parallel Minds Technology Solutions Private Limited filed with the ROC?

    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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