About Accelyst Solutions Private Limited
Data last updated: 23 July 2025
Accelyst Solutions Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Axis Bank Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It specialised in online payment gateways, a part of the broader financial services sector. Incorporated on 29 July 2008.
Registered with ROC Mumbai under CIN U72900MH2008PTC185202.
Capital: an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹679.68 Cr. It was led by directors Sameer Bhujanga Shetty and Avinash Raghavendra.
Last AGM: 24 September 2020. Financial statements filed for year ended 31 March 2020. Office: 1St Floor Corporate Park Ii Sion – Trombay Road Near Swastik Chamber Chembur, Mumbai, Maharashtra, India – 400071.
As per the financials filed for FY 2020, the company reported a revenue of ₹57.23 Cr, reflecting significant growth compared to the previous year.
The company had a reported workforce of approximately 125 employees prior to being dissolved. It operated as a subsidiary of Axis Bank Limited.
The company was associated with 2 brands - Freecharge, Freecharge. As per MCA filings, the company had satisfied charges of ₹23 Cr on record.
The company has been merged (amalgamated) with another entity and no longer exists separately. Business activities, if any, continue under the successor entity. The last known website on record is freecharge.com.
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Registered Address1St Floor Corporate Park Ii Sion – Trombay Road Near Swastik Chamber Chembur, Mumbai, Maharashtra, India – 400071
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IndustryFinancial Services, Online Payment Gateways
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Accelyst Solutions Private Limited
Accelyst Solutions Private Limited operates two associated brands: FreeCharge and Freecharge. These brands represent Accelyst Solutions Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Digital wallet services for bill payments and recharges are facilitated. | freecharge.in | |
| Digital payments, recharges, and financial services are provided by Freecharge for consumers and businesses. | freecharge.com |
Competitors & Alternatives of Accelyst Solutions Private Limited
Brands and companies operating in the same space as Accelyst Solutions Private Limited include Paytm, PhonePe, MobiKwik and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Paytm
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Digital payments, financial services, and e-commerce platforms are provided. | Noida, India, India | 2000 |
PhonePe
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Payment, financial, investment, and lending services are provided digitally. | Bengaluru, India, India | 2012 |
MobiKwik
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Operator of platform for online mobile, DTH recharge, and bill payments | Gurugram, India, India | 2009 |
MoneyGram
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Cross-border payments are enabled via wallet solutions for consumers. | Dallas, United States, United States | 1940 |
YouTrip
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NFC-enabled travel cards and wallets are provided for travelers. | Singapore, Singapore, Singapore | 2018 |
Citrus Pay
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Online payment app for consumers and businesses | Mumbai, India, India | 2011 |
EbixCash
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App-based money transfer and bill payment platform for individuals and businesses | Noida, India, India | 1989 |
One97 Communications
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Wallet-based payment solutions are provided for consumers and businesses. | Noida, India, India | 2000 |
Business Activity of Accelyst Solutions Private Limited
Accelyst Solutions Private Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details for Accelyst Solutions Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Accelyst Solutions Private Limited
Accelyst Solutions Private Limited is audited by S.R. BATLIBOI & CO. LLP for the financial year 2019. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.R. BATLIBOI & CO. LLP | Locked | Locked | Locked |
Complete auditor history for Accelyst Solutions Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
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Board of Directors and KMP of Accelyst Solutions Private Limited
Accelyst Solutions Private Limited currently reports 2 directors and 1 key managerial person. 19 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sameer Bhujanga Shetty | Director | 30 Aug 2019 | 6 Years 11 Months | As last reported |
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Avinash Raghavendra
Also directs:
Freecharge Payment Technologies Private Limited
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Additional Director | 28 Jan 2021 | 5 Years 6 Months | As last reported |
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Rameshwar Prasad Gupta
Also directs:
Ramya Consulting Llp, Tenb Fintech Private Limited, Ambak Fintech Private Limited and 1 more
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Ceo | 14 Jul 2020 | 6 Years 1 Months | As last reported |
Financials of Accelyst Solutions Private Limited FY 2020 filings available
Accelyst Solutions Private Limited reported revenue of ₹57.23 Cr (up 235.00% YoY) for FY 2020.
Ten-year financial statements for Accelyst Solutions Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
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Ownership and Shareholding of Accelyst Solutions Private Limited
Shareholding and ownership data for Accelyst Solutions Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
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- Historical changes
- Group structure
- FII and DII holdings
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Charges & Borrowings of Accelyst Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jul 2014 | Svb India Finance Private Limited | ₹18 Cr | Satisfied |
| 03 Jul 2013 | Svb India Finance Private Limited | ₹5 Cr | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Accelyst Solutions Private Limited
Accelyst Solutions Private Limited has a workforce of 125 employees as of Apr 08, 2024.
Employee and EPFO history for Accelyst Solutions Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Accelyst Solutions Private Limited
GST registrations and filing compliance for Accelyst Solutions Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Accelyst Solutions Private Limited
Credit ratings, litigation, and regulatory alerts for Accelyst Solutions Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Accelyst Solutions Private Limited
MSME payment history for Accelyst Solutions Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Accelyst Solutions Private Limited
Corporate group structure for Accelyst Solutions Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Accelyst Solutions Private Limited
MCA filings and documents for Accelyst Solutions Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Accelyst Solutions Private Limited
Recent News on Accelyst Solutions Private Limited
Frequently Asked Questions about Accelyst Solutions Private Limited
Accelyst Solutions Private Limited 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.
Accelyst Solutions Private Limited is a amalgamated private limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 29 July 2008 and is registered under CIN U72900MH2008PTC185202. The company was amalgamated as per MCA records and no longer exists as a legal entity.
Accelyst Solutions Private Limited was incorporated on 29 July 2008. Registered with ROC Mumbai.
The current directors and KMP of Accelyst Solutions Private Limited are:
- Sameer Bhujanga Shetty - Director
- Avinash Raghavendra - Additional Director
- Rameshwar Prasad Gupta - Ceo
The CIN (Corporate Identification Number) of Accelyst Solutions Private Limited is U72900MH2008PTC185202. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The primary industry of Accelyst Solutions Private Limited is financial services. The company specifically operates in online payment gateways.