Accelerate Automotives Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
as on 24-10-2024
- Paid Up Capital ₹ 5.00 M
as on 24-10-2024
- Company Age 12 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 6.76 Cr
as on 24-10-2024
- Revenue 46.65%
(FY 2023)
- Profit 127.08%
(FY 2023)
- Ebitda 51.78%
(FY 2023)
- Net Worth 5.32%
(FY 2023)
- Total Assets 4.73%
(FY 2023)
About Accelerate Automotives
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.
- 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
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
- Email Address
- Website
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- Social Media-
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 and Corporate Structure Insights 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)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 17 Feb 2023 | ₹2.48 M | Open |
Hdfc Bank Limited Creation Date: 27 Feb 2013 | ₹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.
