About Accion Technologies Private Limited
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Accion Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Accion Labs Holdings Inc.. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 07 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2007PTC211221. Its GSTIN is 27AADCR5167R1ZL (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹3.2 Cr and a paid-up capital of ₹28 Lakh. It was formerly known as Reach1To1 Technologies Private Limited. It is led by directors including Aneesh Garg and Ashutosh Maruti Bijoor.
Its last annual general meeting (AGM) was held on 20 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹697.6 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹35.38 Cr (net margin 5.1%) and EBITDA of ₹104.71 Cr (EBITDA margin 15%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 92% over five years.
The company has about 1,930 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Reach1to1 and Accion Labs. The company has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹211.85 Cr; the latest was in September 2024. Its 10 peer companies in the Information Technology industry (Application Development) are compared by revenue, 5 larger and 5 smaller; the largest is CSG Systems International (India) Private Limited with revenue of ₹745.92 Cr. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 152 overdue payments to 34 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website reach1to1.com.
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- Registered AddressOffice Unit No. 05 9th Floor, R Square Andheri Kurla Bhim Nagar, Mumbai, Maharashtra, India – 400059
- IndustryInformation Technology, IT Consulting & Support Services
- 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 Accion Technologies Private Limited
The main business activities of Accion Technologies are information and communication and support service to organizations. In detail, this covers computer programming, consultancy and related activities and other support services to organizations. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
| N | Support service to Organizations | N7 | Other support services to organizations | 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 Accion Technologies Private Limited FY 2024 filings available
Accion Technologies Private Limited reported revenue of ₹697.6 Cr (up 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Accion Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 92% over five years, including 22% growth in the latest year. EBITDA rose 21% 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 Accion Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹104.71 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹35.38 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Accion Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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| 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 Accion Technologies are in the company report.
Financial statements from 2015
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 Accion Technologies Private Limited
Accion Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Its own revenue is ₹697.6 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| CSG Systems International (India) Private Limited | ₹745.92 Cr | •••• | •••• | •••• | 2,306 | Bangalore South, Karnataka, India |
| Icertis Solutions Private Limited | ₹736.82 Cr | •••• | •••• | •••• | 1,583 | Haveli, Maharashtra, India |
| Siemens Gamesa Renewable Power Private Limited | ₹704.45 Cr | •••• | •••• | •••• | 264 | Saidapet, Tamil Nadu, India |
| LG Soft India Private Limited | ₹702.87 Cr | •••• | •••• | •••• | 1,585 | Bangalore, Karnataka, India |
| Vantiva India Private Limited | ₹699.68 Cr | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
| Accion Technologies Private Limited this company | ₹697.6 Cr | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Dover India Private Limited | ₹694.03 Cr | •••• | •••• | •••• | 63 | Bangalore, Karnataka, India |
| Symbol Technologies India Private Limited | ₹691.5 Cr | •••• | •••• | •••• | 698 | Bangalore, Karnataka, India |
| Diebold Nixdorf India Private Limited | ₹685.74 Cr | •••• | •••• | •••• | 2,100 | Goregaon East, Maharashtra, India |
| Fair Isaac India Software Private Limited | ₹684.94 Cr | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Ge India Exports Private Limited | ₹674.79 Cr | •••• | •••• | •••• | - | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Accion Technologies by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company. Net profit, margin and growth of each peer are in the company report.
Auditor Details of Accion Technologies Private Limited
Accion Technologies Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.R. Batliboi & Associates LLP | 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 Accion Technologies Private Limited
Accion Technologies 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 |
|---|---|---|---|---|
| Aneesh Garg Also directs: E-Zest Digital Solutions Private Limited | Director | 13 Dec 2021 | 4 Years 9 Months | Current |
| Ashutosh Maruti Bijoor | Director | 07 Feb 2007 | 19 Years 8 Months | Current |
| Ramesh Narasimhan Also directs: Hibiscus Technology Solutions Private Limited | Director | 30 Dec 2020 | 5 Years 9 Months | Current |
Ownership and Shareholding of Accion Technologies 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 Accion Technologies Private Limited
Accion Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Accion Technologies Private Limited
Accion Technologies Private Limited has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹211.85 Cr; the latest was in September 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Secondary share transfer | Undisclosed | Seller: Accion Labs Holdings Inc. |
| Dec 2020 | Funding round | ₹63.43 Cr | Investors: Accion Labs Holdings Inc. |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Accion Labs (BVI) Inc Seller: Reach 1to1 Pte Limited |
| Oct 2012 | Funding round | ₹41.7 Lakh | Investors: Reach 1to1 Pte Limited |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Reach 1to1 Pte Limited Seller: 2 individuals |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Accion Technologies Private Limited
Accion Technologies Private Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 152 overdue payments to 34 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 34)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Spot Your Leaders and Consulting LLP | •••• | •••• | •••• |
| Dataware Computers | •••• | •••• | •••• |
| Vlink India Private Limited | •••• | •••• | •••• |
| Prishatech India Private Limited | •••• | •••• | •••• |
| Teknikoz Software Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 15 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Accion Technologies Private Limited
Accion Technologies operates two associated brands: Reach1to1 and Accion Labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform for digital games, soccer betting, and SBOBET services. | reach1to1.com | |
| Software Technology Services Firm | accionlabs.com |
Employees and EPFO Compliance at Accion Technologies Private Limited
Accion Technologies Private Limited has a workforce of 1,930 employees as of Apr 05, 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.
CIN History of Accion Technologies Private Limited
Accion Technologies has one previous CIN (Corporate Identification Number): U72200PN2007PTC129578. The current CIN is U72200MH2007PTC211221, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200MH2007PTC211221 | Current |
| U72200PN2007PTC129578 | Previous |
Recent Activity on Accion Technologies Private Limited
Accion Technologies Private Limited has 5 board changes on record since 2007: 3 appointments and 2 cessations. The latest: Maruti Ramrao Bijoor ceased to be Director on 21 Jun 2022.
Credit Ratings, Litigation & Regulatory Alerts for Accion Technologies 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.
Subsidiaries & Group Companies of Accion Technologies 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 Accion Technologies Private Limited
Accion Technologies has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR5167R1ZL | Maharashtra | Active | 01 Jul 2017 |
| 29AADCR5167R1ZH | Karnataka | Active | 23 Dec 2021 |
| 36AADCR5167R1ZM | Telangana | Active | 19 Feb 2022 |
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 Accion Technologies 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 Accion Technologies Private Limited
Accion Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 07 February 2007 (19+ years old) and is registered under CIN U72200MH2007PTC211221.
Accion Technologies reported revenue of ₹697.6 Cr for FY 2025 (up 22% YoY).
Accion Technologies has 3 current directors:
- Aneesh Garg - Director
- Ashutosh Maruti Bijoor - Director
- Ramesh Narasimhan - Director
Accion Technologies reported a net profit of ₹35.38 Cr (net margin 5.1%) and EBITDA of ₹104.71 Cr (EBITDA margin 15%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Accion Technologies is 18% over three years and 92% over five years. In the latest year (FY 2025) revenue rose 22%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Accion Technologies is 27AADCR5167R1ZL, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AADCR5167R1ZH (Karnataka), 36AADCR5167R1ZM (Telangana).
The CIN (Corporate Identification Number) of Accion Technologies is U72200MH2007PTC211221. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Accion Technologies was incorporated on 07 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Accion Technologies has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹211.85 Cr; the latest was in September 2024.
The peers of Accion Technologies by revenue are CSG Systems International (India) Private Limited, Icertis Solutions Private Limited, Siemens Gamesa Renewable Power Private Limited, LG Soft India Private Limited, Vantiva India Private Limited and 5 more, all in the Information Technology industry (Application Development).
Maruti Ramrao Bijoor ceased to be Director on 21 Jun 2022. Aneesh Garg ceased to be Additional Director on 31 Dec 2021. Aneesh Garg was appointed as Director on 13 Dec 2021. Accion Technologies has 5 board changes on record in total.
Accion Technologies has 15 MSME Form 1 returns on record between 2019 and 2024, listing 152 overdue payments to 34 micro and small suppliers. The latest return was filed on 30 Apr 2024.