Eighteenth Parallel Technology Labs Private Limited - Due diligence report

A 360° intelligence report on 18Th Parallel: trust score, financial health, credit view, compliance, directors, growth and distress signals …

2011-05-12 Pune, Maharashtra Active Unlisted Active Compliant
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EP Eighteenth Parallel Technology Labs Private Limited
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18Th Parallel — 360° Intelligence Report

Generated from MCA filings & public records
78/100
Trust Score
Low Risk

18Th Parallel is assessed as Low Risk with a Trust Score of 78/100. 18Th Parallel is an active private limited indian non-government company incorporated in 2011, operating in the Information Technology sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.

Report generated on 27 Jun 2026 from the latest processed filings. Eighteenth Parallel Technology Labs Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
78/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Consolidated · 4 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 60/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 75/100 Low Risk
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2018 - filings overdue.
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
GAJANAN BALKRUSHNA WALKE 01234567 Director 01/04/2018 6 yrs Approved
NILESH DNYANESHWAR KATE 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
Director & KMP remuneration (FY 2017)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2018 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
17 allotment(s) · 0 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
18th Parallel, Inc. Subsidiary Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 45 · Distress 65
Growth signals & trust indicators
Asset base grew 1.42 - capacity expansion.
Operating for 15+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Losses deepening year-on-year.
Statutory filings appear overdue.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence73/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment67/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view62/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
26 Aug 2022
Director appointed
GAJANAN BALKRUSHNA WALKE (Additional Director)
Director appointed
NILESH DNYANESHWAR KATE (Additional Director)
Director ceased
KIRAN YESHWANT DESHPANDE
Director ceased
SAMIR SHIRISHBHAI PATEL
22 Oct 2019
Director ceased
NIKUNJ AGRAWALLA
24 Jun 2019
Securities allotted
174 Preference Shares - 9.97 Lakh raised
21 May 2019
Securities allotted
698 Preference Shares - 39.99 Lakh raised
20 Nov 2018
Securities allotted
174 Preference Shares - 9.97 Lakh raised
29 Sep 2018
Last AGM held
Annual general meeting
25 Aug 2018
Securities allotted
4190 Preference Shares - 2.40 cr raised
31 Mar 2018
Latest balance sheet
Filed with ROC
06 Dec 2017
Director ceased
PRIYANK JAIN
13 Nov 2017
Securities allotted
3929 Preference Shares - 2.00 cr raised
25 Sep 2017
Securities allotted
2945 Preference Shares - 1.50 cr raised
22 Jul 2017
Securities allotted
2945 Preference Shares - 1.50 cr raised
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 3 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
2 active director(s) / partner(s); board looks stable and experienced.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2018 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 17 security allotment(s) - amounts available in the full report.
2 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Mason & Co U51909PY2017PTC008172 Pondicherry, Pondicherry, India
Durgapur Consultancy Services Private Limited U74140WB2005PTC101632 Burdwan, West Bengal, India
Sigma Digitech Private Limited U74110DL2005PTC133568 New Delhi, Delhi, India
Pneumatic Refrigeration Solutions Private Limited U74999TG2017PTC118683 Begumpet,Hyderabad, Telangana, India
Digito Private Limited U72900GJ2016PTC092738 Vadodara, Gujarat, India
Allycomp Global Services Private Limited U72900PN2016PTC166281 Pune, Maharashtra, India
Deeco Technical Services Private Limited U74999MH1989PTC051721 Mumbai, Maharashtra, India
Vishal Mechanical Works Private Limited U74899DL1991PTC044990 New Delhi, Delhi, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify 18Th Parallel before audits and certifications: compliance score 75/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of 18Th Parallel: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for 18Th Parallel - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 78/100, distress signals and MSME payment-delay disclosures - know whether 18Th Parallel pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for 18Th Parallel - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is 18Th Parallel an active company?

18Th Parallel has MCA status “Active” with a compliance score of 75/100 (Low Risk).

Is 18Th Parallel financially healthy?

18Th Parallel has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.

Should I do business with 18Th Parallel?

Its overall Trust Score is 78/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls 18Th Parallel?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.

Does 18Th Parallel have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is 18Th Parallel up to date with its ROC filings?

Last balance sheet is for Mar 2018 - filings overdue. Overall compliance score: 75/100 (Low Risk).

Is it risky to lend to 18Th Parallel?

Its Credit Risk Score is 60/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.