About Accelerator Enterprise Private Limited
Data last updated:
Accelerator Enterprise Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 16 June 2017.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC103903. Its GSTIN is 29AAPCA7061F1ZE (Karnataka). The company held 38 GST registrations, of which 35 are active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹7.96 Lakh. It was led by directors Nitesh Pant and Kunal.
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 was at F – 34 Mims Ardendale Phase – 1 Kannam Kannamangala, Bangalore, Karnataka, India – 560067.
The company had about 187 employees on its provident fund (EPFO) records before it was struck off.
The company was associated with 1 brand: GlowRoad. Court records list 2 cases involving the company, including 2 filed against it. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹37.87 Cr; the latest was in April 2019.
The last known website on record is glowroad.com.
Company details
Contact details
Accelerator Enterprise Private Limited's registered office is in Bangalore, Karnataka. Its website is glowroad.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered AddressF – 34 Mims Ardendale Phase – 1 Kannam Kannamangala, Bangalore, Karnataka, India – 560067
- IndustryE-Commerce, General E-Commerce Platforms
To see the full contact details of Accelerator Enterprise 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
Brands
Accelerator Enterprise operates one associated brand: GlowRoad. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| App-based reselling platform on social platforms | glowroad.com |
Financials of Accelerator Enterprise Private Limited
FY 2024 filings availableAccelerator Enterprise Private Limited reported revenue of ₹4,900 (down 100% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 75% over five years. 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
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| Total Revenue | ₹4,900 | ||||
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Financial Ratios
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To see the full financial statements and ratios of Accelerator Enterprise Private Limited, buy the company report.
Board of directors of Accelerator Enterprise Private Limited
Accelerator Enterprise has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitesh Pant Also directs: Navchetan Healtech Enterprises Private Limited | Director | 16 Jun 2017 | 9 Years 4 Months | As last reported |
| Kunal Also directs: Saki Advisors LLP, Tsi Labs Private Limited | Director | 16 Jun 2017 | 9 Years 4 Months | As last reported |
Auditor
Accelerator Enterprise Private Limited is audited by Shrey Baid & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shrey Baid & Associates | FY 2023 | 024686S |
Shareholding
The shareholding of Accelerator Enterprise Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
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| Others |
To see the full shareholding pattern of Accelerator Enterprise Private Limited, buy the company report.
Deals & funding
Accelerator Enterprise Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹37.87 Cr; the latest was in April 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2019 | Funding round · Series B | ₹19.8 Cr | Investors: CDH Investments, Vertex Ventures SE Asia & India, Accel India |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2017 | Funding round · Series A | ₹18.06 Cr | Investors: Accel India, RB Investments |
| Jul 2017 | Funding round · Seed | ₹1 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Accelerator Enterprise Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Fashnear Technologies Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Revision petition | Filed against the company by an individual | Disposed |
To see the full case history of Accelerator Enterprise 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 Accelerator Enterprise Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Accelerator Enterprise Private Limited has a workforce of 187 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Accelerator Enterprise has 38 GST registrations: 35 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAPCA7061F1ZE | Karnataka | Active | 19 Sep 2017 |
| 29AAPCA7061F1CP | Karnataka | Active | 30 Nov 2018 |
| 04AAPCA7061F1C1 | Chandigarh | Active | 26 Nov 2018 |
| 18AAPCA7061F1CS | Assam | Active | 26 Nov 2018 |
To see the full GST registrations and return filing status of Accelerator Enterprise Private Limited, buy the company report.
Recent activity
Accelerator Enterprise Private Limited has 3 board changes on record since 2017: 2 appointments and 1 cessation. The latest: Sonal Verma ceased to be Director on 12 Apr 2019.
News
Frequently asked questions
Accelerator Enterprise has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Accelerator Enterprise was a private limited company based in Bangalore, Karnataka, India. The company worked in general e-commerce platforms, within the e-commerce industry. It was incorporated on 16 June 2017 and is registered under CIN U74999KA2017PTC103903. The company has been struck off by the Registrar of Companies and is no longer operational.
Accelerator Enterprise had 2 directors:
- Nitesh Pant - Director
- Kunal - Director
The CIN (Corporate Identification Number) of Accelerator Enterprise is U74999KA2017PTC103903. 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 Accelerator Enterprise is at F – 34 Mims Ardendale Phase – 1 Kannam Kannamangala, Bangalore, Karnataka, India – 560067.
Accelerator Enterprise was incorporated on 16 June 2017. It is registered with the Registrar of Companies, Bangalore.
Accelerator Enterprise can be reached through the website glowroad.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Accelerator Enterprise 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 2018 are in the company report.
The GSTIN of Accelerator Enterprise is 29AAPCA7061F1ZE, registered in Karnataka. The company has 38 GST registrations in all, of which 35 are active and 3 are cancelled or inactive. Other active GSTINs include 29AAPCA7061F1CP (Karnataka), 04AAPCA7061F1C1 (Chandigarh), 18AAPCA7061F1CS (Assam).
Accelerator Enterprise operated in the e-commerce industry, in the general e-commerce platforms segment. It worked in this industry before it was struck off.