Accelerate Productx Ventures Private Limited

Accelerate Productx Ventures Private Limited - food and beverages in Delhi, India. FY 2026 financials & compliance.
CIN U74999DL2019PTC346742 Incorporated 28 February 2019 ROC Delhi HQ Delhi, India
Active Private Limited Company food and beverages DPIIT Startup MSME · Micro
Data last updated
Revenue · FY 2024
₹8.25 Cr
▼ 80% YoY
Net loss · FY 2024
₹5.15 Cr
Net margin -62.4%
EBITDA · FY 2024
-₹4.06 Cr
EBITDA margin -49.2%
Authorised capital
₹11.2 Lakh
Registered with MCA
Paid-up capital
₹4.34 Lakh
Issued & subscribed
Open charges
₹52.51 Lakh
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
20
Provident fund records

About Accelerate Productx Ventures Private Limited

Data last updated:

Accelerate Productx Ventures Private Limited is a private limited company based in Delhi, India, recognised as a startup by DPIIT. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 28 February 2019 and has been in existence for over 7 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2019PTC346742. Its GSTIN is 07AARCA9982D1Z4 (Delhi). The company holds 6 GST registrations, all of them active.

The company has an authorised share capital of ₹11.2 Lakh and a paid-up capital of ₹4.34 Lakh. It is led by directors including Charak Almast and Mani Dev Gyawali.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at C – 39 East Of Kailash New Delhi South Delhi, Delhi, India – 110065.

As per the financials filed for FY 2024, the company reported a revenue of ₹8.25 Cr, a decline of 80% compared to the previous year. For the same year it recorded a net loss of ₹5.15 Cr (net margin -62.4%) and EBITDA of -₹4.06 Cr (EBITDA margin -49.2%). Revenue has grown at a compounded annual rate (CAGR) of 82% over three years and 260% over five years.

The company has about 20 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.

The company is associated with 2 brands: ProductX Ventures and New Shop. As per MCA filings, the company has open charges of ₹52.51 Lakh on record. Court records list 50 cases involving the company, including 37 filed by the company and 13 filed against it; 10 cases are pending. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹13.05 Cr; the latest was in June 2022.

Accelerate Productx Ventures Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-08-0019885). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thenewshop.in.

Company details

CIN U74999DL2019PTC346742
Registration Number 346742
Incorporation Date 28 February 2019
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-DL-08-0019885
Key People
Charak Almast Director Mani Dev Gyawali Director Aastha Almast Director

Recognitions & Rankings of Accelerate Productx Ventures

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-DL-08-0019885

Contact details

Accelerate Productx Ventures Private Limited's registered office is in Delhi, Delhi. Its website is thenewshop.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    thenewshop.in
  • Social Media
  • Apps
  • Registered Address
    C – 39 East Of Kailash New Delhi South Delhi, Delhi, India – 110065
  • Industry
    Food and Beverages, Food & Beverage Retail & Distribution

To see the full contact details of Accelerate Productx Ventures Private Limited, buy the company report.

Comprehensive company report
Accelerate Productx Ventures Private Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Accelerate Productx Ventures operates two associated brands: ProductX Ventures and New Shop. Each brand links to its own profile.

BrandDescriptionWebsite
ProductX Ventures
Niche consumer products are sourced and supplied to clients.productxventures.com
New Shop
New Shop is recognized as India's leading 24/7 convenience store chain.thenewshop.in

Business activity

The main business activity of Accelerate Productx Ventures is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Accelerate Productx Ventures Private Limited, buy the company report.

Financials of Accelerate Productx Ventures Private Limited

FY 2024 filings available

Accelerate Productx Ventures Private Limited reported revenue of ₹8.25 Cr (down 80% YoY) for FY 2024.

Revenue · FY 2024
₹8.25 Cr ▼ 80%
Net loss · FY 2024
₹5.15 Cr margin -62.4%
EBITDA · FY 2024
-₹4.06 Cr margin -49.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 80%
3 years · compounded
▲ 82%
5 years · compounded
▲ 260%
EBITDA CAGR growth
1 year
▲ 79%
3 years · compounded
▼ 27%
5 years · compounded
▼ 154%

Revenue fell 80% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 260%. EBITDA rose 79% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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-₹4.06 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹5.15 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-49.2%
Net Profit Margin-62.4%
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

To see the full financial statements and ratios of Accelerate Productx Ventures Private Limited, buy the company report.

Board of directors of Accelerate Productx Ventures Private Limited

Accelerate Productx Ventures has 3 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Charak Almast
Also directs: Motion Punch Studios Private Limited
Director28 Feb 20197 Years 8 MonthsCurrent
Mani Dev Gyawali
Also directs: Motion Punch Studios Private Limited
Director28 Feb 20197 Years 8 MonthsCurrent
Aastha Almast
Also directs: Knowledge Millennium Positive Cinema Private Limited, Motion Punch Studios Private Limited
Director28 Feb 20197 Years 8 MonthsCurrent
View all directors

Auditor

Accelerate Productx Ventures Private Limited is audited by SHAILENDRA K JAIN & ASSOCIATIES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
SHAILENDRA K JAIN & ASSOCIATIESFY 2023021013N

Shareholding

The shareholding of Accelerate Productx Ventures Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Accelerate Productx Ventures Private Limited, buy the company report.

Charges & borrowings

Open charges
₹52.51 Lakh
Satisfied charges
None
Breakdown by lending institutions
Axis Bank Limited₹0.33 Cr
Indian Overseas Bank₹0.10 Cr
Others₹0.10 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
21 Aug 2025101167414Axis Bank Limited₹32.51 LakhOpen
09 Apr 2025101101546Indian Overseas Bank₹10 LakhOpen
13 Oct 2020100382656Others₹10 LakhOpen

Total charge records: 3 View all charges

Deals & funding

Accelerate Productx Ventures Private Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹13.05 Cr; the latest was in June 2022.

Total deals
5
Funding rounds
2
Secondary share transfers
2
Rights issue
1
Disclosed funding
₹13.05 Cr

Deals on record (5 of 5)

WhenDealAmountParties
Jun 2022Funding round₹8.79 CrInvestors: Pravan Holdings LLP , Innopark (India) Private Limited , Angel List
Nov 2020Funding round₹4.27 CrInvestors: Pravan Holdings LLP , Innopark (India) Private Limited , LVX (LetsVenture)
Nov 2019Secondary share transferUndisclosedBuyer: an individual
Seller: 3 individuals
Nov 2019Secondary share transferUndisclosedBuyer: KBHS LLC, an individual
Seller: 4 individuals
May 2019Rights issue₹1.4 CrInvestors: KBHS LLC, Mahavir Investment LLC, an individual

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Accelerate Productx Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Accelerate Productx Ventures has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Blends Fruit Snacks Private LimitedU15400DL2019PTC352227
New Shop Cstore Network Private LimitedU52609DL2021PTC388990

To see the full group structure of Accelerate Productx Ventures Private Limited, buy the company report.

Employees & EPFO

Accelerate Productx Ventures Private Limited has a workforce of 20 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
20
Active EPFO establishments
1

GST

Accelerate Productx Ventures has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.

Total GSTINs
6
Active
6
GSTINStateStatusRegistered on
07AARCA9982D1Z4DelhiActive11 Mar 2019
06AARCA9982D1Z6HaryanaActive25 May 2019
08AARCA9982D1Z2RajasthanActive07 Aug 2019
09AARCA9982D1Z0Uttar PradeshActive26 Aug 2019

To see the full GST registrations and return filing status of Accelerate Productx Ventures Private Limited, buy the company report.

Recent activity

Accelerate Productx Ventures Private Limited has 3 board changes on record since 2019: 3 appointments. The latest: Aastha Almast was appointed as Director on 28 Feb 2019.

Charges
A charge with Axis Bank Limited amounted to Rs. 32.51 Lakh with Charge ID 101167414 was registered on 21 Aug 2025.
Charges
A charge with Indian Overseas Bank amounted to Rs. 10.00 Lakh with Charge ID 101101546 was registered on 09 Apr 2025.
AGM
Accelerate Productx Ventures Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Accelerate Productx Ventures Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge with Others amounted to Rs. 10.00 Lakh with Charge ID 100382656 was registered on 13 Oct 2020.
Appointed
Aastha Almast was appointed as Director.
Appointed
Charak Almast was appointed as Director.
Appointed
Mani Dev Gyawali was appointed as Director.
Incorporation
28 Feb 2019
Accelerate Productx Ventures Private Limited was registered on 28 Feb 2019 with Roc Delhi & aged 7 years 8 months as per MCA records.

News

Frequently asked questions

Accelerate Productx Ventures is an active private limited company based in Delhi, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 28 February 2019 (7+ years old) and is registered under CIN U74999DL2019PTC346742.

Accelerate Productx Ventures has 3 current directors:

The latest financial statements of Accelerate Productx Ventures on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.

The GSTIN of Accelerate Productx Ventures is 07AARCA9982D1Z4, registered in Delhi. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 06AARCA9982D1Z6 (Haryana), 08AARCA9982D1Z2 (Rajasthan), 09AARCA9982D1Z0 (Uttar Pradesh).

The CIN (Corporate Identification Number) of Accelerate Productx Ventures is U74999DL2019PTC346742. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Accelerate Productx Ventures has 50 court cases on record: 37 filed by the company and 13 filed against it. 10 are pending. Most are in the district courts.

Accelerate Productx Ventures was incorporated on 28 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.

Accelerate Productx Ventures has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹13.05 Cr; the latest was in June 2022.

Aastha Almast was appointed as Director on 28 Feb 2019. Charak Almast was appointed as Director on 28 Feb 2019. Mani Dev Gyawali was appointed as Director on 28 Feb 2019.

Yes, Accelerate Productx Ventures is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).