Accel Profile
Key Indicators
- Authorised Capital ₹ 33.50 Cr
- Paid Up Capital ₹ 11.51 Cr
- Company Age 38 Year, 9 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 nine 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
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.
Who are the key members and board of directors at Accel?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Rajesh Nandi | CFO | 12-Jan-2024 | Current |
Narayana Panicker  | Managing Director | 14-Nov-2024 | Current |
| Vishnu Sivanandan | Company Secretary | 23-Sep-2024 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Shruthi Panicker | Director | 31-Mar-2015 | Current |
| Raghavan Rangarajan | Director | 28-Jun-2022 | Current |
| Raghu Varma | Director | 30-Mar-2022 | Current |
| Sunkari Rao | Whole-Time Director | 07-Mar-2023 | Current |
| Nagarajan Krishnamurthy | Director | 23-Oct-2020 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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.
Related Corporates (Common Directorship)
Prince Gold And Diamonds India Private LimitedVishnu Sivanandan is a mutual person
Secureinteli Technologies Private LimitedNarayana Panicker is a mutual person
Accel Media Ventures LimitedNarayana Panicker and Sunkari Rao are mutual person
Medscape Pharma Private LimitedNarayana Panicker is a mutual person
- Cybolt Technologies Private Limited
Narayana Panicker is a mutual person
- Cetronics Technologies Private Limited
Narayana Panicker is a mutual person
Charges (Loans)
₹96.95 Cr
₹66.33 Cr
Charges Breakdown by Lending Institutions
- Others : 81.00 Cr
- Standard Chartered Bank : 15.95 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Oct 2024 | Standard Chartered Bank | ₹15.00 Cr | Open |
| 25 Oct 2024 | Standard Chartered Bank | ₹9.50 M | Open |
| 26 Feb 2024 | Others | ₹3.20 M | Open |
| 13 Sep 2023 | Others | ₹25.00 Cr | Open |
| 13 Feb 2023 | Others | ₹32.05 Cr | Open |
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.
Deals i
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
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
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.
