Parallel
Overview
Parallel is a Product Strategy & Design Studio headquartered in Bangalore, India. Founded in 2014 by Robin Dhanwani, the studio specializes in creating high-impact digital products through innovative design and agile methodologies. Parallel has gained recognition for its contributions to significant technological projects in India, such as the DigiLocker and CoWin initiatives. While specific financial data like revenue and investors are not publicly detailed, the company operates with a focused team of 11-50 employees.
Recent Developments
In recent years, Parallel has been active in both expanding its service offerings and contributing to high-profile projects in the tech and design space.
- Q1 2024: Parallel introduced several platform enhancements, including workflow customization tools and improved identity verification processes, reflecting its commitment to streamlining client operations and enhancing security measures.
- 2023: Parallel played a crucial role in leveraging AI to support Indian high courts by developing JIVA, an AI tool designed to facilitate access to legal documents for judges. This move underscores the company’s ambition to integrate advanced technology into traditional sectors.
- 2022: The company focused on ethical design by partnering with the Advertising Standards Council of India to combat deceptive design practices in apps, showcasing its dedication to ethical design frameworks.
- 2022: Parallel expanded its reach by offering a robust internship program aimed at nurturing new talent in product design, enhancing its reputation as a thought leader in digital design education.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2014 |
| Headquarters | Bangalore, Karnataka, India |
| Founders | Robin Dhanwani |
| Revenue | Not publicly available |
| Profits | Not publicly available |
| Key Investors | Not publicly disclosed |
| Industry | Design Services |
| Number of Employees | 11-50 |
| Website | Parallel HQ |
Early History
Parallel was established in 2014 with the vision to accelerate digital transformation through design excellence. The founder, Robin Dhanwani, aspired to impact a billion lives using effective and empathetic digital solutions. Initially, the company concentrated on offering UI/UX design services, quickly gaining a reputation for its innovative approach to problem-solving in the tech industry. Over time, Parallel expanded its portfolio to include comprehensive product strategy and design consultancy services, reinforcing its position as a key player in India’s burgeoning tech ecosystem.
Company Profile and Achievements
Parallel operates with a mission to deliver powerful digital products in an efficient timeline, often utilizing design sprints. The studio's achievements include:
- Impactful Public Solutions: Leading design initiatives for public platforms such as India’s DigiLocker and CoWin, which facilitated document storage and COVID-19 vaccination distribution, respectively.
- Comprehensive Internship Program: Named "UnParalleled," this initiative aims to groom the next generation of designers, providing intensive, hands-on experience in a real-world setting.
- Contributions to Legal Tech: Developed AI-driven tools like JIVA to enhance judicial efficiency in India’s high courts.
- Ethical Design Advocacy: Partnership with industry leaders to promote ethical practices in digital product design.
Current Operations and Market Position
Parallel continues to influence the design services industry by emphasizing rapid development cycles and user-centric product innovations. The company holds a competitive edge through its strategic use of design sprints, enabling it to deliver high-quality, customized solutions for clients across sectors. Although specific market share data is unavailable, Parallel’s involvement in significant national projects and its progressive internship programs suggest a strong market presence and influence.
Conclusion
Parallel has carved a niche for itself in the design services industry, marked by its commitment to innovation and ethical design practices. Its strategic initiatives in AI and its active role in shaping digital public services in India highlight its capability and ambition. As Parallel continues to grow, it is well-positioned to further its impact on digital product design and strategy, both locally and potentially, on a global scale.