About Accel India Management Private Limited
Data last updated:
Accel India Management Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the diversified financial services segment of the financial services sector. It was incorporated on 19 August 2008.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2008PTC047489. Its GSTIN is 29AAHCA2387G1ZH (Karnataka).
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.65 Lakh. It was formerly known as Accel India Management Company Private Limited.
Its last annual general meeting (AGM) was held on 10 July 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at No.886/A 6th Cross 6th Block Opposite Koramangala Club Koramangala, Bangalore, Karnataka, India – 560095.
As per the financials filed for FY 2020, the company reported a revenue of ₹71.6 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹11.86 Cr (net margin 16.6%) and EBITDA of ₹19.87 Cr (EBITDA margin 27.7%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 36% over five years.
As per MCA filings, the company has satisfied charges of ₹19.5 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹39.7 Lakh; the latest was in March 2013.
The last known website on record is accel.com.
Company details
Contact details
Accel India Management Private Limited's registered office is in Bangalore, Karnataka. Its website is accel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.886/A 6th Cross 6th Block Opposite Koramangala Club Koramangala, Bangalore, Karnataka, India – 560095
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Accel India Management Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Accel India Management is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Accel India Management Private Limited, buy the company report.
Financials of Accel India Management Private Limited
FY 2020 filings availableAccel India Management Private Limited reported revenue of ₹71.6 Cr (up 28% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 36% over five years, including 28% growth in the latest year. EBITDA rose 173% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹71.6 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹19.87 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.86 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 27.7% | ||||
| Net Profit Margin | 16.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Accel India Management Private Limited, buy the company report.
Board of directors of Accel India Management Private Limited
Accel India Management has 3 former directors on record and no current directors listed.
Auditor
Accel India Management Private Limited is audited by S R BATLIBOI & ASSOCIATES LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R BATLIBOI & ASSOCIATES LLP | FY 2020 | 101049W |
Shareholding
The shareholding of Accel India Management Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Accel India Management Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Nov 2017 | 100135215 | Axis Bank Limited | ₹19.5 Cr | Satisfied |
To see the full charge records of Accel India Management Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Accel India Management Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹39.7 Lakh; the latest was in March 2013.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Funding round | ₹39.7 Lakh | Investors: an individual |
| Jun 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Accel India Management Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M S Matrix Cellular International Service Pvt Ltd | Disposed |
To see the full case history of Accel India Management Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Accel India Management Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Accel India Management has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCA2387G1ZH | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Accel India Management Private Limited, buy the company report.
Recent activity
Accel India Management Private Limited has 3 board changes on record since 2021: 0 appointments and 3 cessations. The latest: Mahendran Balachandran ceased to be Director on 14 Jan 2021.
News
Frequently asked questions
Accel India Management has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Accel India Management was a private limited company based in Bangalore, Karnataka, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 19 August 2008 and is registered under CIN U72900KA2008PTC047489. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Accel India Management is U72900KA2008PTC047489. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Accel India Management was incorporated on 19 August 2008. It is registered with the Registrar of Companies, Bangalore.
Accel India Management can be reached through the website accel.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Accel India Management is at No.886A 6th Cross 6th Block Opposite Koramangala Club Koramangala, Bangalore, Karnataka, India – 560095.
The latest financial statements of Accel India Management on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 10 July 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Accel India Management is 29AAHCA2387G1ZH, registered in Karnataka.
Accel India Management operated in the financial services industry, in the diversified financial services segment.
Accel India Management has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹39.7 Lakh; the latest was in March 2013.