In this paper, we present a novel method of parallelization of the modular multiplication algorithm to improve time and space complexity on RNS (Residue Number System). The parallel algorithm executes modular reduction using new table lookup based reduction method. MRS (Mixed Radix number System) is used because algebraic comparison is difficult in RNS which has a non-weighted number representation. Conversion from residue number system to certain MRS is relatively fast in residue computer. Therefore magnitude comparison is easily Performed on MRS. By the analysis of the algorithm, it is known that it requires only 1/2 table size than previous approach. And it requires 0(ι) arithmetic operations using 2ㅣ processors.