Accel Shipping Private Limited

Provides shipping, freight forwarding, customs clearing, and other port and cargo handling services.

2016 | Cuttack Sadar, Orissa (India) | Active
Last Updated: July 01, 2024

Accel Shipping Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 8 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 24.75 Cr
  • Revenue Growth 78.70%
  • Profit Growth 159.16%
  • Ebitda 183.48%
  • Net Worth 87.65%
  • Total Assets 120.61%

About Accel Shipping

Accel Shipping Private Limited (ASPL) is a Private Limited Indian Non-Government Company incorporated in India on 30 December 2016 (Eight years and one month 22 days old ). Its registered office is in Cuttack Sadar, Orissa, India.

The Company is engaged in the Transport And Logistics Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 0.50 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹24.75 Cr.

Lingaraj Panigrahy, Harihar Dash, and Akhandal Mohanty serve as directors at the Company.

Company Details

  • Location

    Cuttack Sadar, Orissa, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U63090OR2016PTC026223

  • Company No.

    026223

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    30 Dec 2016

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Cuttack

Industry

Transport and Logistics

What products or services does Accel Shipping Private Limited offer?

Accel Shipping Private Limited offers a wide range of products and services, including Forwarding & Custom Clearing, Custom Clearing Service.

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

Board Members (3)

NameDesignationAppointment DateStatus
Lingaraj Panigrahy Country flag representing In Director 30-Dec-2016Current
Harihar Dash Country flag representing In Director 30-Dec-2016Current
Akhandal Mohanty Country flag representing In Director 01-Jun-2022Current

Financial Performance of Accel Shipping.

Accel Shipping Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 78.7% increase. The company also saw a substantial improvement in profitability, with a 159.16% increase in profit. The company's net worth Soared by an impressive increase of 87.65%.

Graph illustrating revenue growth over time
Graph showing 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
78.70%
Revenue from Operations
78.68%
Total Assets
120.61%
Profit or Loss
159.16%
Net Worth
87.65%
EBITDA
183.48%

What is the Ownership and Shareholding Structure of Accel Shipping?

In 2023, Accel Shipping had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹247.47 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 11.09 Cr
  • Axis Bank Limited : 6.16 Cr
  • Yes Bank Limited : 3.27 Cr
  • Hdfc Bank Limited : 1.56 Cr
  • Uco Bank : 1.40 Cr
  • Others : 1.26 Cr

Latest Charge Details

DateLenderAmountStatus
31 Aug 2023Tata Capital Financial Services Limited₹1.26 CrOpen
31 Jul 2023Yes Bank Limited₹6.30 MOpen
26 Jul 2023Axis Bank Limited₹2.67 CrOpen
23 Sep 2022Others₹3.40 MOpen
10 Jul 2022Yes Bank Limited₹2.64 CrOpen

How Many Employees Work at Accel Shipping?

Accel Shipping has a workforce of 178 employees as of Jul 01, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Accel Shipping, 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 Shipping'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 Shipping

Recent activity within the organization

  • Charges

    A charge with Axis Bank Limited of Rs. 34.87 M registered on 27 May 2022 with Charge ID 100579320 was modified on 30 Sep 2023.

    30 Sep 2023

  • Annual General Meeting

    Accel Shipping Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge with Tata Capital Financial Services Limited amounted to Rs. 12.62 M with Charge ID 100783319 was registered on 31 Aug 2023.

    31 Aug 2023

  • Charges

    A charge with Yes Bank Limited amounted to Rs. 6.30 M with Charge ID 100761226 was registered on 31 Jul 2023.

    31 Jul 2023

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 26.73 M with Charge ID 100761640 was registered on 26 Jul 2023.

    26 Jul 2023

  • Balance Sheet

    Accel Shipping Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Cuttack.

    31 Mar 2023

Frequently asked questions

  • Accel Shipping Private Limited was incorporated on 30 Dec 2016.

  • The authorized share capital of Accel Shipping Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.10 M.

  • Currently 3 directors are associated with Accel Shipping Private Limited.

    • Lingaraj Panigrahy
    • Harihar Dash
    • Akhandal Mohanty
  • As per Ministry of Corporate Affairs (Mca), the registered address of Accel Shipping Private Limited is Osl Tower-Ii, Link Road A D Market, Cuttack Sadar, Orissa, India, 753012.

  • The corporate identification number (CIN) of Accel Shipping Private Limited is U63090OR2016PTC026223 and the company number is 026223 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Accel Shipping Private Limited has risen by 78.70%.

  • As Per 2023 financial reports, 178 employees are currently employed by Accel Shipping Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Accel Shipping Private Limited has experienced an upsurge of 87.65%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Accel Shipping Private Limited amount to ₹ 24.75 Cr.

  • The most recent Balance Sheet for Accel Shipping Private Limited was filed with the ROC on 31 Mar 2023.

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