Parallel Track Engineering Company Private Limited

Parallel Track Engineering Company Private Limited

Designs and sells storage and handling devices, established in 2006.
2006 | Bangalore, Karnataka (India) | Active

Last Updated:

July 03, 2024
HomeCompanyParallel Track Engineering Company Private Limited

Who are the key members and board of directors at Parallel Track Engineering Company?

Board Members(2)

NameDesignationAppointment DateStatus
Valsan Kottil In Whole-Time Director 26-Mar-2023Current
Uday Pannase In Director 23-Aug-2006Current

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%.

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

Related Corporates (Common Directorship)

Charges (Loans)

Satisfied Charges

₹1.75 Cr

LenderAmountStatus

Canara Bank

Creation Date: 06 Mar 2007
₹1.75 CrSatisfied

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.

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Latest Updates, News, and FAQs on Parallel Track Engineering Company

Recent activity within the organization

  • Director Appointment

    Valsan Radhakrishnan Kottil was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 26 Mar 2023 & has been associated with this company since 1 year 8 months .

    26 Mar 2023

  • Annual General Meeting

    Parallel Track Engineering Company Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.

    30 Sep 2022

  • Balance Sheet

    Parallel Track Engineering Company Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.

    31 Mar 2022

  • Charges

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

    25 Mar 2014

  • Charges

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

    06 Mar 2007

  • 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 18 years 4 months .

    23 Aug 2006

Frequently asked questions

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

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

  • Currently 2 directors are associated with Parallel Track Engineering Company Private Limited.

    • Valsan Radhakrishnan Kottil
    • Uday Manikrao Pannase
  • As per Ministry of Corporate Affairs (Mca), the registered address of Parallel Track Engineering Company Private Limited is Sy No. 105/1/2/3 17Th Km, Old Madras Road Medahalli Virgonagar Post, Bangalore, Karnataka, India, 560049.

  • The corporate identification number (CIN) of Parallel Track Engineering Company Private Limited is U29241KA2006PTC040269 and the company number is 040269 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2022, the revenue trend for Parallel Track Engineering Company Private Limited has risen by 6.74%.

  • As Per 2022 financial reports, 13 employees are currently employed by Parallel Track Engineering Company Private Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Parallel Track Engineering Company Private Limited has experienced an upsurge of 0.91%.

  • The most recent Balance Sheet for Parallel Track Engineering Company Private Limited was filed with the ROC on 31 Mar 2022.

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