About Accion Labs India Private Limited
Data last updated:
Accion Labs India Private Limited was a foreign private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Accion Labs Holdings Inc.. 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 10 December 2012.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2012FTC351899. Its GSTIN is 29AALCA1638A1ZX (Karnataka). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It was led by directors Ramesh Narasimhan and Gopichand Bhattaram.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Plot No. G – 9 Cross Road A Marol MIDC Next To Sumangal Press Andheri(East), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2020, the company reported a revenue of ₹177.71 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹17.87 Cr (net margin 10.1%) and EBITDA of ₹26.33 Cr (EBITDA margin 14.8%).
The company had about 1,483 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
The company was associated with 1 brand: Accion Labs. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending. The company has 1 deal on record (1 secondary share transfer); the latest was in October 2013. Its 4 peer companies in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 2 larger and 2 smaller; the largest is Diaspark Infotech Private Limited with revenue of ₹184.23 Cr.
The last known website on record is accionlabs.com.
Company details
CIN history
Accion Labs India has one previous CIN (Corporate Identification Number): U72200KA2012FTC067109. The current CIN is U72200MH2012FTC351899, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200MH2012FTC351899 | Current |
| U72200KA2012FTC067109 | Previous |
Contact details
Accion Labs India Private Limited's registered office is in Mumbai, Maharashtra. Its website is accionlabs.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressPlot No. G – 9 Cross Road A Marol MIDC Next To Sumangal Press Andheri(East), Mumbai, Maharashtra, India – 400093
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Accion Labs India 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
Accion Labs India operates one associated brand: Accion Labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Software Technology Services Firm | accionlabs.com |
Business activity
The main business activities of Accion Labs India are information and communication and support service to organizations. In detail, this covers computer programming, consultancy and related activities and placement agencies and hr management services. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | |
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Accion Labs India Private Limited, buy the company report.
Financials of Accion Labs India Private Limited
FY 2020 filings availableAccion Labs India Private Limited reported revenue of ₹177.71 Cr (up 34% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 34% in the latest year. EBITDA rose 98% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹177.71 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹26.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.87 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.8% | ||||
| Net Profit Margin | 10.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Accion Labs India Private Limited, buy the company report.
Board of directors of Accion Labs India Private Limited
Accion Labs India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Narasimhan | Director | 29 May 2015 | 11 Years 5 Months | As last reported |
| Gopichand Bhattaram Also directs: Metier Legal LLP, SSP Cloudguru LLP, Rolling Arrays Technologies India Private Limited and 5 more | Director | 10 Dec 2012 | 13 Years 10 Months | As last reported |
Peer comparison
Accion Labs India Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Diaspark Infotech Private Limited | ₹184.23 Cr (FY 2025) | -6.0% | Indore, Madhya Pradesh, India | |||
| Nomura Structured Finance Services Private Limited | ₹183.73 Cr (FY 2025) | 27.0% | Mumbai, Maharashtra, India | |||
| Mobily Infotech India Private Limited | ₹181.81 Cr (FY 2025) | 56.0% | Bangalore, Karnataka, India | |||
| Acqueon Technologies Private Limited | ₹180.79 Cr (FY 2025) | -6.0% | Chennai, Tamil Nadu, India | |||
| Accion Labs India Private Limitedthis company | ₹177.71 Cr (FY 2020) | ₹17.87 Cr | 10.1% | 34.0% | 1,483 | Mumbai, Maharashtra, India |
To see the full peer comparison of Accion Labs India Private Limited, buy the company report.
Auditor
Accion Labs India Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2020 | 101049W/E300004 |
Shareholding
The shareholding of Accion Labs India Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Accion Labs India Private Limited, buy the company report.
Deals & funding
Accion Labs India Private Limited has 1 deal on record (1 secondary share transfer); the latest was in October 2013.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2013 | Secondary share transfer | Undisclosed | Buyer: Accion Labs (BVI) Inc Seller: Accion Labs US Inc |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Accion Labs India Private Limited has 2 court cases on record: 2 filed by Accion Labs India. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against an individual | Pending |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Accion Labs India 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 Accion Labs India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Accion Labs India has 1 subsidiary company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Parinati Solutions Private Limited | U74900MH2010PTC208165 |
To see the full group structure of Accion Labs India Private Limited, buy the company report.
Employees & EPFO
Accion Labs India Private Limited has a workforce of 1,483 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Accion Labs India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCA1638A1ZX | Karnataka | Active | 01 Jul 2017 |
| 36AALCA1638A1Z2 | Telangana | Active | 05 Aug 2019 |
To see the full GST registrations and return filing status of Accion Labs India Private Limited, buy the company report.
Recent activity
Accion Labs India Private Limited has 4 board changes on record since 2012: 2 appointments and 2 cessations. The latest: Ramesh Narasimhan ceased to be Additional Director on 30 Sep 2015.
News
Frequently asked questions
Accion Labs India 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.
Accion Labs India was a foreign private limited company based in Mumbai, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 10 December 2012 and is registered under CIN U72200MH2012FTC351899. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Accion Labs India was incorporated on 10 December 2012. It is registered with the Registrar of Companies, Mumbai.
Accion Labs India had 2 directors:
- Ramesh Narasimhan - Director
- Gopichand Bhattaram - Director
The CIN (Corporate Identification Number) of Accion Labs India is U72200MH2012FTC351899. 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 Accion Labs India is at Plot No. G – 9 Cross Road A Marol MIDC Next To Sumangal Press AndheriEast, Mumbai, Maharashtra, India – 400093.
Accion Labs India can be reached through the website accionlabs.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Accion Labs India on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Accion Labs India is 29AALCA1638A1ZX, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AALCA1638A1Z2 (Telangana).
Accion Labs India operated in the information technology industry, in the IT consulting and support services segment.
Accion Labs India has 1 deal on record (1 secondary share transfer); the latest was in October 2013.