Accord Software And Systems Private Limited

Designs and manufactures GNSS-based products for defence, space, and various industries.

1991 | Bangalore, Karnataka (India) | Active
Last Updated: July 05, 2024

Accord Software And Systems Profile

Key Indicators

  • Authorised Capital ₹ 23.00 Cr
  • Paid Up Capital ₹ 4.54 Cr
  • Company Age 33 Year, 2 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 234.25 Cr
  • Satisfied Charges ₹ 61.56 Cr
  • Revenue Growth -33.45%
  • Profit Growth -64.61%
  • Ebitda -59.30%
  • Net Worth 9.48%
  • Total Assets -4.10%

About Accord Software And Systems

Accord Software And Systems Private Limited (ASASPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 17 December 1991 and has a history of 33 years and two months. Its registered office is in Bangalore, Karnataka, India.

The Company is engaged in the Aerospace, Maritime And Defense 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 23.00 Cr and a paid-up capital of Rs 4.54 Cr.

The company currently has active open charges totaling ₹234.25 Cr. The company has closed loans amounting to ₹61.56 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Accord Software And Systems Private Limited India are Bobjee Jenardan as COMPANY SECRETARY and Srikantiah Muralikrishna as Ceo. Devanathan Raghavan, Narayanasamy, Purushotham Subbarao, and One other member serve as directors at the Company.

Company Details

  • Location

    Bangalore, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    accord-soft.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U72200KA1991PTC012629

  • Company No.

    012629

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    17 Dec 1991

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Aerospace, Maritime and Defense

What products or services does Accord Software And Systems Private Limited offer?

Accord Software And Systems Private Limited offers a wide range of products and services, including GPS and Navigation Devices, GPS Accessories, Router, Cables & Networking Devices, Networking Peripherals, Car & Vehicle GPS Devices, Electrical & Electronic Test Devices, Data Loggers, Web Server, Personal Tracker.

Who are the key members and board of directors at Accord Software And Systems?

Executive Team (2)

NameDesignationAppointment DateStatus
Bobjee Jenardan Country flag representing In Company Secretary02-Nov-2014Current
Srikantiah Muralikrishna CEO01-Apr-2022Current

Board Members (4)

NameDesignationAppointment DateStatus
Devanathan Raghavan Country flag representing In Director 17-Dec-1991Current
Narayanasamy Country flag representing In Director 17-Dec-1991Current
Purushotham Subbarao Country flag representing In Director 17-Dec-1991Current
Sundaresan Jayaraman Country flag representing In Director 17-Dec-1991Current

Financial Performance of Accord Software And Systems.

Accord Software And Systems Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 33.45% decrease. The company also saw a substantial fall in profitability, with a 64.61% decrease in profit. The company's net worth moved up by a moderate rise of 9.48%.

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
-33.45%
Revenue from Operations
-34.14%
Total Assets
-4.10%
Profit or Loss
-64.61%
Net Worth
9.48%
EBITDA
-59.30%

What is the Ownership and Shareholding Structure of Accord Software And Systems?

In 2023, Accord Software And Systems 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

₹234.25 Cr

Satisfied Charges

₹61.56 Cr

Charges Breakdown by Lending Institutions

  • Others : 90.00 Cr
  • State Bank Of India : 69.25 Cr
  • Hdfc Bank Limited : 45.00 Cr
  • Axis Bank Limited : 30.00 Cr

Latest Charge Details

DateLenderAmountStatus
31 Mar 2023Others₹50.00 CrOpen
31 Mar 2023Others₹40.00 CrOpen
12 Jan 2023Axis Bank Limited₹30.00 CrOpen
01 Apr 2021Hdfc Bank Limited₹11.00 CrOpen
23 Aug 2017Hdfc Bank Limited₹34.00 CrOpen

How Many Employees Work at Accord Software And Systems?

Accord Software And Systems has a workforce of 247 employees as of Mar 30, 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 Accord Software And Systems, 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 Accord Software And Systems'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 Accord Software And Systems

Recent activity within the organization

  • Charges

    A charge with State Bank Of India of Rs. 69.25 Cr registered on 01 Sep 1997 with Charge ID 90195389 was modified on 15 Apr 2024.

    15 Apr 2024

  • Charges

    A charge registered on 24 Sep 2021 via Charge ID 100484258 with Others was fully satisfied on 05 Apr 2024.

    05 Apr 2024

  • Charges

    A charge with Hdfc Bank Limited of Rs. 11.00 Cr registered on 01 Apr 2021 with Charge ID 100437313 was modified on 16 Feb 2024.

    16 Feb 2024

  • Annual General Meeting

    Accord Software And Systems Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

    29 Sep 2023

  • Charges

    A charge with Hdfc Bank Limited of Rs. 34.00 Cr registered on 23 Aug 2017 with Charge ID 100121587 was modified on 21 Sep 2023.

    21 Sep 2023

  • Charges

    A charge registered on 27 Jun 2022 via Charge ID 100595853 with Others was fully satisfied on 28 Jul 2023.

    28 Jul 2023

Recent News, Updates & Announcement

Frequently asked questions

  • Accord Software And Systems Private Limited was incorporated on 17 Dec 1991.

  • The authorized share capital of Accord Software And Systems Private Limited is ₹ 23.00 Cr and paid-up capital is ₹ 4.54 Cr.

  • Currently 6 directors are associated with Accord Software And Systems Private Limited.

    • Bobjee Srinivas Jenardan
    • Srikantiah Muralikrishna
    • Devanathan Raghavan
    • Narayanasamy
    • Purushotham Subbarao
    • Sundaresan Mohan Jayaraman
  • As per Ministry of Corporate Affairs (Mca), the registered address of Accord Software And Systems Private Limited is No.72 & 73 2Nd Floor Krishna Reddy Colony Domlur Layout, Bangalore, Karnataka, India, 560071.

  • The corporate identification number (CIN) of Accord Software And Systems Private Limited is U72200KA1991PTC012629 and the company number is 012629 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Accord Software And Systems Private Limited is https://www.accord-soft.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Accord Software And Systems Private Limited has fallen by -33.45%.

  • As Per 2023 financial reports, 247 employees are currently employed by Accord Software And Systems Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Accord Software And Systems Private Limited has experienced an upsurge of 9.48%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Accord Software And Systems Private Limited amount to ₹ 234.25 Cr.

  • The most recent Balance Sheet for Accord Software And Systems Private Limited was filed with the ROC on 31 Mar 2023.

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