Accel Limited

Designing and manufacturing electronic products for various industries, including PCB assembly and contract manufacturing services.

1986 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Accel Profile

Key Indicators

  • Authorised Capital ₹ 33.50 Cr
  • Paid Up Capital ₹ 11.51 Cr
  • Company Age 38 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 96.95 Cr
  • Satisfied Charges ₹ 66.33 Cr
  • Revenue Growth 65.24%
  • Profit Growth 100.42%
  • Ebitda 181.67%
  • Net Worth 10.73%
  • Total Assets 0.60%

About Accel

Accel Limited (AL) is a leading Public Limited Indian Non-Government Company incorporated in India on 19 May 1986 and has a history of 38 years and ten months. Its registered office is in Chennai, Tamil Nadu, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 517494.

The Corporate was formerly known as Transmatic Systems Limited. The Company is engaged in the Information Technology Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 33.50 Cr and a paid-up capital of Rs 11.51 Cr.

The company currently has active open charges totaling ₹96.95 Cr. The company has closed loans amounting to ₹66.33 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Accel Limited India are Rajesh Nandi as CFO and Vishnu Sivanandan as Company Secretary. Narayana Panicker, Sunkari Rao, Raghavan Rangarajan, and Three other members serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L30007TN1986PLC100219

  • Company No.

    100219

  • Stock Symbol

    BSE : 517494

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    19 May 1986

  • Date of AGM

    23 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Chennai

Industry

Information Technology
Real Estate and Construction

What products or services does Accel Limited offer?

Accel Limited offers a wide range of products and services, including Electric Fittings & Components, Anodes, Laptops, PC, Mainframes & Computers, Industrial PC, Communication Systems and Equipment, Servo Voltage Stabilizer, Three Phase Servo Controlled Voltage Stabilizer, Solar Inverter, Solar On Grid Inverters, Electronic Repair Service.

Company report

Accel Limited

Explore comprehensive data for Accel Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Accel?

Executive Team (3)

NameDesignationAppointment DateStatus
Rajesh Nandi CFO12-Jan-2024Current
Narayana Panicker Country flag representing In Managing Director14-Nov-2024Current
Vishnu Sivanandan Company Secretary23-Sep-2024Current

Board Members (5)

NameDesignationAppointment DateStatus
Shruthi Panicker Country flag representing In Director 31-Mar-2015Current
Raghavan Rangarajan Country flag representing In Director 28-Jun-2022Current
Raghu Varma Country flag representing In Director 30-Mar-2022Current
Sunkari Rao Country flag representing In Whole-Time Director 07-Mar-2023Current
Nagarajan Krishnamurthy Country flag representing In Director 23-Oct-2020Current

Financial Performance of Accel.

Accel Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 65.24% increase. The company also saw a substantial improvement in profitability, with a 100.42% increase in profit. The company's net worth Soared by an impressive increase of 10.73%.

Accel revenue growth over time
Accel profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
65.24%
Revenue from Operations
60.40%
Total Assets
0.60%
Profit or Loss
100.42%
Net Worth
10.73%
EBITDA
181.67%

What is the Ownership and Shareholding Structure of Accel?

In 2022, Accel had a promoter holding of 71.94% and a public holding of 28.06%. The company had 5 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹96.95 Cr

Satisfied Charges

₹66.33 Cr

Charges Breakdown by Lending Institutions

  • Others : 81.00 Cr
  • Standard Chartered Bank : 15.95 Cr

Latest Charge Details

DateLenderAmountStatus
25 Oct 2024Standard Chartered Bank₹15.00 CrOpen
25 Oct 2024Standard Chartered Bank₹9.50 MOpen
26 Feb 2024Others₹3.20 MOpen
13 Sep 2023Others₹25.00 CrOpen
13 Feb 2023Others₹32.05 CrOpen

How Many Employees Work at Accel?

Accel has a workforce of 1572 employees as of Mar 28, 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.

Employee growth trends for Accel Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Accel, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Accel's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Accel

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 32.05 Cr registered on 13 Feb 2023 with Charge ID 100693639 was modified on 16 Dec 2024.

  • Director Appointment

    Narayana Pillai Reghoothama Panicker was appointed as a Managing Director was appointed as a Managing Director on 14 Nov 2024 & has been associated with this company since 5 months .

  • Charges

    A charge with Standard Chartered Bank amounted to Rs. 15.00 Cr with Charge ID 100995517 was registered on 25 Oct 2024.

  • Charges

    A charge with Standard Chartered Bank amounted to Rs. 0.95 Cr with Charge ID 100995519 was registered on 25 Oct 2024.

  • Charges

    A charge registered on 23 Oct 2020 via Charge ID 100382998 with Others was fully satisfied on 14 Oct 2024.

  • Annual General Meeting

    Accel Limited last Annual general meeting of members was held on 23 Sep 2024 as per latest MCA records.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Accel Limited?

    Accel Limited was incorporated on 19 May 1986.

  • What is authorized share capital and paid-up capital of Accel Limited?

    The authorized share capital of Accel Limited is ₹ 33.50 Cr and paid-up capital is ₹ 11.51 Cr.

  • Who are the current board members & directors of Accel Limited?

    Currently 8 directors are associated with Accel Limited.

    • Rajesh Kumar Nandi
    • Narayana Pillai Reghoothama Panicker
    • Sunkari Venkateswara Rao
    • Raghavan Rangarajan
    • Raghu Kilimanoor Varma
    • Vishnu Sivanandan
    • Shruthi Panicker
    • Nagarajan Krishnamurthy

  • What is the registered address of Accel Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Accel Limited is 3Rd Floor Sfi Complex 178 Valluvarkottam High Road, Nungambak Kam India, Chennai, Tamil Nadu, 600034.

  • What is the corporate identification number (CIN) and company number of Accel Limited?

    The corporate identification number (CIN) of Accel Limited is L30007TN1986PLC100219 and the company number is 100219 as per Ministry of Corporate Affairs (MCA).

  • Is Accel Limited registered with any stock exchange in India?

    Yes, Accel Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Accel Limited?

    The Official website of Accel Limited is https://www.accel-india.com

  • What has been the recent revenue trend for Accel Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Accel Limited has risen by 65.24%.

  • How many employees does Accel Limited currently have?

    As Per 2022 financial reports, 1572 employees are currently employed by Accel Limited.

  • What change has been observed in the net worth of Accel Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Accel Limited has experienced an upsurge of 10.73%.

  • What are the total open charges for Accel Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Accel Limited amount to ₹ 96.95 Cr.

  • When was the last Balance Sheet of Accel Limited filed with the ROC?

    The most recent Balance Sheet for Accel Limited was filed with the ROC on 31 Mar 2024.

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