Accelerate Automotives Private Limited
Trading and manufacturing of motor vehicles, motorcycles, and related parts and accessories since 2012.
2012 | Bangaluru, Karnataka (India) | Active
Accelerate Automotives Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 5.00 M
- Company Age 12 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 6.76 Cr
- Revenue Growth 46.65%
- Profit Growth 127.08%
- Ebitda 51.78%
- Net Worth 5.32%
- Total Assets 4.73%
About Accelerate Automotives
Accelerate Automotives Private Limited (AAPL) is a Private Limited Indian Non-Government Company incorporated in India on 14 November 2012 and has a history of 12 years and five months. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Automotive 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 1.00 Cr and a paid-up capital of Rs 5.00 M.
The company currently has active open charges totaling ₹6.76 Cr.
Raghuveer Kunduru, Lakshmi Kunduru, and Vamsi Parvathaneni serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U50404KA2012PTC066717
- Company No.
066717
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
14 Nov 2012
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Automotive
Accelerate Automotives Private Limited
Explore comprehensive data for Accelerate Automotives Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Accelerate Automotives?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vamsi Parvathaneni  | Managing Director | 14-Nov-2012 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Raghuveer Kunduru | Director | 14-Nov-2012 | Current |
| Lakshmi Kunduru | Director | 14-Nov-2012 | Current |
Financial Performance of Accelerate Automotives.
Accelerate Automotives Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 46.65% increase. The company also saw a substantial improvement in profitability, with a 127.08% increase in profit. The company's net worth moved up by a moderate rise of 5.32%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Accelerate Automotives?
In 2023, Accelerate Automotives had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Aarathi Energy Ventures Private Limited
Raghuveer Kunduru is a mutual person
- Aarna Real Estates Solutions Llp
Vamsi Parvathaneni is a mutual person
- Baba Developers Private Limited
Vamsi Parvathaneni is a mutual person
Charges (Loans)
Open Charges
₹6.76 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 6.76 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Feb 2023 | Hdfc Bank Limited | ₹2.48 M | Open |
| 27 Feb 2013 | Hdfc Bank Limited | ₹6.51 Cr | Open |
How Many Employees Work at Accelerate Automotives?
Accelerate Automotives has a workforce of 98 employees as of Apr 07, 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 Accelerate Automotives, 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 Accelerate Automotives'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.
Latest Updates, News, and FAQs on Accelerate Automotives
Recent activity within the organization
- Annual General Meeting
Accelerate Automotives Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Accelerate Automotives Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 100717119 was registered on 17 Feb 2023.
- Charges
A charge with Hdfc Bank Limited of Rs. 6.51 Cr registered on 27 Feb 2013 with Charge ID 10419522 was modified on 02 Jan 2021.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 6.51 Cr with Charge ID 10419522 was registered on 27 Feb 2013.
- Director Appointment
Raghuveer Kunduru was appointed as a Director was appointed as a Director on 14 Nov 2012 & has been associated with this company since 12 years 5 months .
Frequently asked questions
What is the Incorporation or founding date of Accelerate Automotives Private Limited?
Accelerate Automotives Private Limited was incorporated on 14 Nov 2012.
What is authorized share capital and paid-up capital of Accelerate Automotives Private Limited?
The authorized share capital of Accelerate Automotives Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 5.00 M.
Who are the current board members & directors of Accelerate Automotives Private Limited?
Currently 3 directors are associated with Accelerate Automotives Private Limited.
- Raghuveer Kunduru
- Lakshmi Reddy Kunduru
- Vamsi Karthik Parvathaneni
What is the registered address of Accelerate Automotives Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Accelerate Automotives Private Limited is Plot No2, Shiva Garden Hoskote India, Bangalore, Karnataka, 562114.
What is the corporate identification number (CIN) and company number of Accelerate Automotives Private Limited?
The corporate identification number (CIN) of Accelerate Automotives Private Limited is U50404KA2012PTC066717 and the company number is 066717 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Accelerate Automotives Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Accelerate Automotives Private Limited has risen by 46.65%.
How many employees does Accelerate Automotives Private Limited currently have?
As Per 2023 financial reports, 98 employees are currently employed by Accelerate Automotives Private Limited.
What change has been observed in the net worth of Accelerate Automotives Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Accelerate Automotives Private Limited has experienced an upsurge of 5.32%.
What are the total open charges for Accelerate Automotives Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Accelerate Automotives Private Limited amount to ₹ 6.76 Cr.
When was the last Balance Sheet of Accelerate Automotives Private Limited filed with the ROC?
The most recent Balance Sheet for Accelerate Automotives Private Limited was filed with the ROC on 31 Mar 2023.
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