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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo.886/A 6th Cross 6th Block Opposite Koramangala Club Koramangala, Bangalore, Karnataka, India – 560095
- IndustryFinancial Services, Diversified Financial Services
- 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
- One PDF report, delivered after checkout
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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 2015-16 to FY 2018-19in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | ₹71.6 Cr | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| 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 | •••• | |
| Net Worth (Total Equity) | •••• | |
| Long-term Borrowings | •••• | |
| Short-term Borrowings | •••• | |
| Trade Payables | •••• | |
| Total Liabilities | •••• | |
| Fixed Assets | •••• | |
| Investments | •••• | |
| Inventories | •••• | |
| Trade Receivables | •••• | |
| Cash and Bank Balance | •••• | |
| Total Assets | •••• | |
Financial Ratios
| Metrics | FY 2019-20 | FY 2015-16 to FY 2018-19in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 27.7% | |
| Net Profit Margin | 16.6% | |
| Return on Equity (ROE) | •••• | |
| Return on Capital Employed (ROCE) | •••• | |
| Return on Assets (ROA) | •••• | |
| Liquidity and Debt | ||
| Current Ratio | •••• | |
| Quick Ratio | •••• | |
| Debt-to-Equity Ratio | •••• | |
| Interest Coverage Ratio | •••• | |
| Efficiency and Growth | ||
| Asset Turnover | •••• | |
| Receivable Days | •••• | |
| Payable Days | •••• | |
| Inventory Days | •••• | |
| Revenue Growth | •••• | |
| Net Profit Growth | •••• | |
Paid data: the figures shown as dots, and every line for FY 2015-16 to FY 2018-19, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Accel India Management are in the company report.
: available in 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 Details
Accel India Management Private Limited is audited by S R BATLIBOI & ASSOCIATES LLP for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S R BATLIBOI & ASSOCIATES LLP | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Nov 2017 | Axis Bank Limited | ₹19.5 Cr | Satisfied |
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 |
: available in the company report
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 |
: available in 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.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Accel India Management.
: available in 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.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Accel India Management has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCA2387G1ZH | Karnataka | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Related 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.