About Accel Limited
Data last updated:
Accel Limited was a public limited company based in Aminjikarai, Chennai 29, Tamil Nadu, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 13 March 1991.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U29309TN1991PLC020471. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹6 Cr and a paid-up capital of ₹3.23 Cr. It was led by directors including Narayana Pillai Reghoothama Panicker and Chandrasekaran Ramakrishnan Kolumam.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at No.124 3rd Floor Nelson Manickam Road Aminjikarai Chennai 29, Tamil Nadu, India – 600029.
As per the financials filed for FY 2017, the company reported a revenue of ₹2.8 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹74.98 Lakh (net margin 26.8%) and EBITDA of -₹1.64 Cr (EBITDA margin -58.7%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years.
Its group structure included 3 subsidiaries.
As per MCA filings, the company had open charges of ₹37.1 Cr and satisfied charges of ₹172.55 Cr on record. Court records list 16 cases involving the company, including 8 filed by the company and 8 filed against it; 2 cases are pending.
The last known website on record is accel-india.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo.124 3rd Floor Nelson Manickam Road Aminjikarai Chennai 29, Tamil Nadu, India – 600029
- IndustryInformation Technology, IT Consulting & Support 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
Auditor Details of Accel Limited
Accel Limited is audited by S K RAM ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S K RAM ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Accel Limited
Accel has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayana Pillai Reghoothama Panicker Also directs: Accel Limited, Medscape Pharma Private Limited, Cybolt Technologies Private Limited and 3 more | Director | 13 Mar 1991 | 35 Years 6 Months | As last reported |
| Chandrasekaran Ramakrishnan Kolumam | Additional Director | 07 Mar 2008 | 18 Years 6 Months | As last reported |
| Chaniyilparampu Nanappan Ramchand Also directs: Medscape Pharma Private Limited, Simazz Therapeutics Private Limited, Apamar Biotech Private Limited and 2 more | Additional Director | 27 Oct 2016 | 9 Years 11 Months | As last reported |
Financials of Accel Limited FY 2017 filings available
Accel Limited reported revenue of ₹2.8 Cr (down 17% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Accel Limited
Revenue has declined at a compounded annual rate (CAGR) of 50% over three years, including a 17% fall 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 of Accel Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹2.8 Cr | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹1.64 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹74.98 Lakh | •••• | •••• |
| 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 of Accel Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -58.7% | •••• | •••• |
| Net Profit Margin | 26.8% | •••• | •••• |
| 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 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 are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Accel Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Accel Limited
Accel has 3 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Accel Transmatic Limited | L30007TN1986PLC100219 | Locked |
| Accel Tele.Net Limited | U64201TN2000PLC044470 | Locked |
| Accel Media Ventures Limited | U74999TN1987PLC014976 | Locked |
Showing major subsidiaries. Total: 3.
Charges & Borrowings of Accel Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Aug 2010 | City Union Bank Ltd | ₹75 Lakh | Satisfied |
| 26 Mar 2009 | State Bank of India | ₹8 Cr | Satisfied |
| 26 Mar 2009 | State Bank of India | ₹8 Cr | Satisfied |
| 22 Feb 2007 | The Federal Bank Limited | ₹20 Lakh | Satisfied |
| 22 Apr 2003 | State Bank of India | ₹106.5 Cr | Satisfied |
Total charge records: 17 View all charges
Employees and EPFO Compliance at Accel Limited
Employment history and EPFO contributions of people linked to Accel.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Accel Limited
Accel has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Legal Cases of Accel Limited
Accel Limited has 16 court cases on record: 8 filed by Accel, 8 filed against it. 2 cases are pending and 14 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 8 | 1 |
| District courts | 1 | 0 | 1 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Court case (OSA) | Filed by the company against Inspirisys Solutions Limited | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Inspirisys Solutions Limited | Disposed |
| Madras High Court | Court case (COMP.A) | Filed against the company by Inspirisys Solutions Limited | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, Thiruvananthapuram, Kerala | Criminal complaint | Filed by the company against Technomark Engineers India (P) Ltd | Pending |
Full case history
All 16 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Credit Ratings, Litigation & Regulatory Alerts for Accel Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Accel Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Accel Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Accel Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Accel Limited
Recent News on Accel Limited
Frequently Asked Questions about Accel Limited
Accel has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Accel was a public limited company based in Aminjikarai, Chennai 29, Tamil Nadu, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 13 March 1991 and is registered under CIN U29309TN1991PLC020471. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Accel was incorporated on 13 March 1991. It is registered with the Registrar of Companies, Chennai.
Accel had 3 directors:
- Narayana Pillai Reghoothama Panicker - Director
- Chandrasekaran Ramakrishnan Kolumam - Additional Director
- Chaniyilparampu Nanappan Ramchand - Additional Director
The CIN (Corporate Identification Number) of Accel is U29309TN1991PLC020471. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Accel is at No.124 3rd Floor Nelson Manickam Road Aminjikarai Chennai 29, Tamil Nadu, India – 600029.
Accel can be reached through the website accel-india.com. Its registered office is in Aminjikarai, Chennai 29, Tamil Nadu, India.
Accel reported revenue of ₹2.8 Cr for FY 2017 (down 17% YoY).
Accel has an authorised share capital of ₹6 Cr and a paid-up capital of ₹3.23 Cr.