When the British achieved paramountcy over India, the Nizams were allowed to continue to rule their princely states as client kings. The Nizams retained internal power over Paritala village until 1948 when Paritala was integrated into the new Indian Union.
A statue in depicting Hanuman called Veera Abhaya Anjaneya Hanuman Swami is located in the village. It was installed in 2003 and stands 135 feet tall (41 meters). It is the tallest statue of Hanuman in the world, and the tallest statue in India. It's also believed that paritala is famous for diamonds. The world's famous Kohinoor diamond was found near the village ponds.
Paritala is politically active village with majority of voters from Muslim,kamma and Dalit communities. People are politically active and support political parties with due diligence.
Agriculture is major occupation, real-estate business as well
Paritala has couple of schools and Engineering Colleges
- Amrita Sai Institute of Science & Technology - Near By 135 Hanuman Statue, Paritala Rd, Nh-9, Amrita Sai Nagar, Kanchikacharla, Krishna Dist., Pin-521 180
- MVR College Of Engineering & Technology - Besides Hanuman Statue & Nh-9, Paritala, Krishna Dist. -- 521180
- Z P High School
- Vivekananda Vidyalayam
- Vignan public school
- State Bank of Hyderabad, Paritala
- AXIS Bank, Paritala
- VASANTHA SAI Bank,Paritala.