Mahindra Accelo Profile
Key Indicators
- Authorised Capital ₹ 46.75 Cr
- Paid Up Capital ₹ 16.60 Cr
- Company Age 46 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 567.50 Cr
- Satisfied Charges ₹ 186.00 Cr
- Revenue Growth 31.88%
- Profit Growth -21.42%
- Ebitda -20.14%
- Net Worth 9.34%
- Total Assets 2.69%
About Mahindra Accelo
Mahindra Accelo Limited (MAL) is a leading Public Limited Indian Non-Government Company incorporated in India on 20 March 1978 and has a history of 46 years and 11 months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Mahindra Exports Limited. The Company is engaged in the Metals And Minerals 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 46.75 Cr and a paid-up capital of Rs 16.60 Cr.
The company currently has active open charges totaling ₹567.50 Cr. The company has closed loans amounting to ₹186.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Mahindra Accelo Limited India are Romali Malvankar as COMPANY SECRETARY and Saroj Khuntia as Cfo. Punita Sinha, Sumit Issar, Mohit Kapoor, and Six other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U51900MH1978PLC020222
- Company No.
020222
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
20 Mar 1978
- Date of AGM
15 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Metals and Minerals
What products or services does Mahindra Accelo Limited offer?
Mahindra Accelo Limited offers a wide range of products and services, including Logistics Service, Electrical & Electronic Goods Repair, Electrical Repairing Services, Stamping Services.
Who are the key members and board of directors at Mahindra Accelo?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sumit Issar  | Managing Director | 01-Oct-2015 | Current |
| Romali Malvankar | Company Secretary | 18-Jan-2016 | Current |
| Saroj Khuntia | CFO | 01-Aug-2020 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Punita Sinha  | Director | 27-Oct-2014 | Current |
| Parag Shah | Director | 22-Jul-2010 | Current |
| Ashok Barat | Director | 02-Feb-2018 | Current |
| Mohit Kapoor | Director | 26-Apr-2021 | Current |
| Anil Chopra | Director | 23-Jun-2022 | Current |
| Bharat Doshi | Director | 27-Dec-1990 | Current |
Financial Performance of Mahindra Accelo.
Mahindra Accelo Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 31.88% increase. The company also saw a substantial fall in profitability, with a 21.42% decrease in profit. The company's net worth moved up by a moderate rise of 9.34%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mahindra Accelo?
In 2022, Mahindra Accelo had a promoter holding of 100.00%. The company had 4 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Charges (Loans)
Open Charges
₹567.50 Cr
Satisfied Charges
₹186.00 Cr
Charges Breakdown by Lending Institutions
- Others : 360.00 Cr
- State Bank Of India : 137.50 Cr
- Hdfc Bank Ltd. : 55.00 Cr
- Axis Bank Limited : 15.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jun 2023 | Others | ₹200.00 Cr | Open |
| 24 Nov 2021 | Others | ₹160.00 Cr | Open |
| 18 Apr 2006 | Axis Bank Limited | ₹15.00 Cr | Open |
| 20 Feb 2006 | Hdfc Bank Ltd. | ₹55.00 Cr | Open |
| 12 Oct 1999 | State Bank Of India | ₹137.50 Cr | Open |
How Many Employees Work at Mahindra Accelo?
Mahindra Accelo has a workforce of 137 employees as of Mar 21, 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 Mahindra Accelo, 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 Mahindra Accelo'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 Mahindra Accelo
Recent activity within the organization
- Annual General Meeting
Mahindra Accelo Limited last Annual general meeting of members was held on 15 Sep 2023 as per latest MCA records.
- Charges
A charge with Others amounted to Rs. 200.00 Cr with Charge ID 100735067 was registered on 08 Jun 2023.
- Director Appointment
Bharat Goenka was appointed as a Director was appointed as a Director on 30 May 2023 & has been associated with this company since 1 year 9 months .
- Balance Sheet
Mahindra Accelo Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Charges
A charge with Others of Rs. 160.00 Cr registered on 24 Nov 2021 with Charge ID 100511833 was modified on 30 Jan 2023.
- Director Appointment
Anil Kumar Chopra was appointed as a Director was appointed as a Director on 23 Jun 2022 & has been associated with this company since 2 years 8 months .
Recent News, Updates & Announcement
Mahindra & Adani Partner to Expand EV Charging Network Across India, Tata Power and Oil Companies Join In.Mahindra & Mahindra, a car company, teamed up with Adani Total Energies E-Mobility to build electric vehicle charging stations all over India. This will make it easier for people to charge their electric cars and help India reach its climate goals. Mahindra XUV400 owners can now access over 1,100 chargers through the Bluesense+ app. Tata Power is also installing over 500 charging points across India, with a market share of 60%. Oil companies are also starting to offer EV charging at their petrol pumps..
- Mahindra & Mahindra and Adani Total Energies Team Up to Bring Electric SUVs to India! 🚗⚡️ #EcoFriendlyGoals #PartnershipGoals #SustainableRides.
Mahindra & Mahindra + Adani Total Energies = SUVs go electric in India! 🚗⚡️ #EcoFriendlyGoals #PartnershipGoals #SustainableRides.
- Bandhan Bank and M&M sign MoU to offer attractive commercial vehicle and equipment financing solutions.
Mumbai, March 19, 2024: Bandhan Bank, one of India’s fastest-growing private sector banks has signed a Memorandum of Understanding (MoU) with Mahindra & Mahindra, a leading commercial vehicle manufacturer of the country, to offer convenient fina.
- Thrust Zone.
Mahindra, which has recently spent a lot of time at the trademark office, has registered other names, which could be used for its upcoming electric cars. XUV 7XO, XUV 1X0, XUV 5XO, XUV 3XO. The XUV 3XO can be used for the Mahindra XUV400 facelift scheduled to launch this year. But since this model is already in the market, Mahindra can launch a sub-4 meter version of the XUV400 and use the new name, which is said to be in the making. The above names refer to electric vehicle models already on the market (XUV400) or introduced by the car manufacturer (XUV e8). But the remaining two names – XUV 5XO and XUV 1XO – could indicate upcoming electric models from Mahindra. The XUV 5XO is expected to be a Creta-sized electric SUV, a rival to the upcoming MG ZS EV and Tata Curvv EV. The only electric SUV in India. With these 4 models, Mahindra will have an electric SUV in all popular SUV segments. XUV 1X0 will be the KUV 100 Electric which almost saw a launch and was forgotten entirely after 2021. Also announced and launched in 2022, Mahindra has announced a new line of all-electric SUVs – the BE series. They must have the same name assigned to them at presentation time. The BE 05, BE 07 and BE 09 will be stand-alone models and will be different from other Mahindra electric vehicles as they will be built on a new dedicated platform as part of the Born Electric range. The electric version of the Mahindra XUV700 is expected to launch later this year. As for the BE series, BE 05, scheduled to launch at the end of 2025, will be the first product in this product line to enter the market..
Frequently asked questions
What is the Incorporation or founding date of Mahindra Accelo Limited?
Mahindra Accelo Limited was incorporated on 20 Mar 1978.
What is authorized share capital and paid-up capital of Mahindra Accelo Limited?
The authorized share capital of Mahindra Accelo Limited is ₹ 46.75 Cr and paid-up capital is ₹ 16.60 Cr.
Who are the current board members & directors of Mahindra Accelo Limited?
Currently 11 directors are associated with Mahindra Accelo Limited.
- Punita Kumar Sinha
- Sumit Issar
- Mohit Kapoor
- Anil Kumar Chopra
- Ashok Kumar Barat
- Parag Chandulal Shah
- Bharat Narotam Doshi
- Ranjan Pant
- Romali Mahesh Malvankar
- Saroj Khuntia
- Bharat Goenka
What is the registered address of Mahindra Accelo Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Mahindra Accelo Limited is Mahindra Towers, P.K. Kurne Chowk Worli, Mumbai, Maharashtra, India, 400018.
What is the corporate identification number (CIN) and company number of Mahindra Accelo Limited?
The corporate identification number (CIN) of Mahindra Accelo Limited is U51900MH1978PLC020222 and the company number is 020222 as per Ministry of Corporate Affairs (MCA).
What is the official website of Mahindra Accelo Limited?
The Official website of Mahindra Accelo Limited is https://www.mahindraintertrade.com
What has been the recent revenue trend for Mahindra Accelo Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Mahindra Accelo Limited has risen by 31.88%.
How many employees does Mahindra Accelo Limited currently have?
As Per 2023 financial reports, 137 employees are currently employed by Mahindra Accelo Limited.
What change has been observed in the net worth of Mahindra Accelo Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Mahindra Accelo Limited has experienced an upsurge of 9.34%.
What are the total open charges for Mahindra Accelo Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Mahindra Accelo Limited amount to ₹ 567.50 Cr.
When was the last Balance Sheet of Mahindra Accelo Limited filed with the ROC?
The most recent Balance Sheet for Mahindra Accelo Limited was filed with the ROC on 31 Mar 2023.
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