Accel Shipping Private Limited
About Accel Shipping Private Limited
Data last updated:
Accel Shipping Private Limited is a private limited company based in Cuttack Sadar, Orissa, India. It operates in the carrying and forwarding agents (cfa) segment of the transport and logistics sector. It was incorporated on 30 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U63090OR2016PTC026223. Its GSTIN is 21AAPCA0527J1ZW (Odisha). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Harihar Dash and Lingaraj Panigrahy.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Osl Tower – II, Link Road, Cuttack Sadar, Orissa, India – 753012.
As per the financials filed for FY 2024, the company reported a revenue of ₹58.53 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹2.61 Cr (net margin 4.5%) and EBITDA of ₹12.64 Cr (EBITDA margin 21.6%). Revenue has grown at a compounded annual rate (CAGR) of 81% over three years and 35% over five years.
The company has about 178 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹48.67 Cr and satisfied charges of ₹99.9 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressOsl Tower – II, Link Road, Cuttack Sadar, Orissa, India – 753012
- IndustryTransport and Logistics, Carrying & Forwarding Agents (CFA)
- 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 of Accel Shipping Private Limited
The main business activity of Accel Shipping is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | 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
Verified entity values are shown only after access is granted.
Financials of Accel Shipping Private Limited FY 2025 filings available
Accel Shipping Private Limited reported revenue of ₹58.53 Cr (up 45% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Accel Shipping Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 35% over five years, including 45% growth in the latest year. EBITDA rose 39% 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 Shipping Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹12.64 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.61 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 of Accel Shipping Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.5% | •••• | •••• | •••• | •••• |
| 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 Shipping are in the company report.
Financial statements from FY 2017
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.
Peer Comparison of Accel Shipping Private Limited
Accel Shipping Private Limited is compared with the companies closest to it by revenue in the Shipping industry (Shipping Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Manna Shipping and Logistics Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| "K" Steamship Agencies Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Suchna Marine Services Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Seavision Shipping Private Limited | •••• | •••• | •••• | •••• | - | Paradeep, Orissa, India |
| Anglo-Eastern Maritime Services Private Limited | •••• | •••• | •••• | •••• | 226 | Mumbai, Maharashtra, India |
| Accel Shipping Private Limited this company | •••• | •••• | •••• | •••• | - | Cuttack Sadar, Orissa, India |
| Triton Marine Oilfield Services Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Triton Maritime Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Resolve Salvage & Fire (India) Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| His Grace Management Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Seamarine Logistics Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Accel Shipping by revenue in the Shipping industry (Shipping Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Accel Shipping Private Limited
Accel Shipping Private Limited is audited by A.C.JENA & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A.C.JENA & CO. | 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 Shipping Private Limited
Accel Shipping has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harihar Dash Also directs: Integrated Cargo Terminal Private Limited | Director | 30 Dec 2016 | 9 Years 9 Months | Current |
| Lingaraj Panigrahy | Director | 30 Dec 2016 | 9 Years 9 Months | Current |
| Akhandal Mohanty Also directs: Sumitra Overseas Private Limited, Geolanes Infrastructure Private Limited, Disha Housing Private Limited and 5 more | Director | 01 Jun 2022 | 4 Years 4 Months | Current |
Ownership and Shareholding of Accel Shipping Private 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.
Charges & Borrowings of Accel Shipping Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jan 2025 | Others | ₹1.84 Cr | Open |
| 28 Sep 2024 | Others | ₹6.02 Cr | Open |
| 06 Aug 2024 | Others | ₹1.3 Cr | Open |
| 06 Jun 2024 | Others | ₹2.23 Cr | Open |
| 06 May 2024 | Hdfc Bank Limited | ₹97 Lakh | Open |
Total charge records: 23 View all charges
Legal Cases of Accel Shipping Private Limited
Accel Shipping Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 03 Oct 2026.
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, Cuttack, Odisha | Court case (M.a.c. Case) | Filed against the company by an individual | Disposed |
Full case history
All 1 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.
Employees and EPFO Compliance at Accel Shipping Private Limited
Accel Shipping Private Limited has a workforce of 178 employees as of Jul 01, 2024.
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.
Recent Activity on Accel Shipping Private Limited
Accel Shipping Private Limited has 5 board changes on record since 2016: 3 appointments and 2 cessations. The latest: Shaikh Tausif Hussain ceased to be Director on 23 Feb 2024.
21 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Accel Shipping Private 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 Shipping Private 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 Shipping Private 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.
GST Compliance of Accel Shipping Private Limited
Accel Shipping has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAPCA0527J1ZW | Odisha | Active | 08 Jul 2017 |
| 37AAPCA0527J1ZJ | Andhra Pradesh | Active | 04 Nov 2017 |
| 19AAPCA0527J1ZH | West Bengal | Active | 08 Dec 2023 |
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.
MCA Filings & Documents of Accel Shipping Private 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.
Frequently Asked Questions about Accel Shipping Private Limited
Accel Shipping is an active private limited company based in Cuttack Sadar, Orissa, India. The company works in carrying and forwarding agents (cfa), within the transport and logistics industry. It was incorporated on 30 December 2016 (10+ years old) and is registered under CIN U63090OR2016PTC026223.
Accel Shipping reported revenue of ₹58.53 Cr for FY 2024 (up 45% YoY).
Accel Shipping has 3 current directors:
- Harihar Dash - Director
- Lingaraj Panigrahy - Director
- Akhandal Mohanty - Director
Accel Shipping reported a net profit of ₹2.61 Cr (net margin 4.5%) and EBITDA of ₹12.64 Cr (EBITDA margin 21.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Accel Shipping is 81% over three years and 35% over five years. In the latest year (FY 2024) revenue rose 45%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Accel Shipping is 21AAPCA0527J1ZW, registered in Odisha. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 37AAPCA0527J1ZJ (Andhra Pradesh), 19AAPCA0527J1ZH (West Bengal).
The CIN (Corporate Identification Number) of Accel Shipping is U63090OR2016PTC026223. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Accel Shipping has 1 court case on record: 1 filed against it.
Accel Shipping was incorporated on 30 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Accel Shipping by revenue are Manna Shipping and Logistics Private Limited, "K" Steamship Agencies Private Limited, Suchna Marine Services Private Limited, Seavision Shipping Private Limited, Anglo-Eastern Maritime Services Private Limited and 5 more, all in the Shipping industry (Shipping Services).
Shaikh Tausif Hussain ceased to be Director on 23 Feb 2024. Achutananda Subudhiray ceased to be Director on 30 Sep 2022. Akhandal Mohanty was appointed as Director on 01 Jun 2022. Accel Shipping has 5 board changes on record in total.