About Acel Solutions Private Limited
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Acel Solutions Private Limited is a private limited company based in Bhubaneswar, Orissa, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 10 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U72200OR2011PTC014009. Its GSTIN is 21AAJCA7230N1ZO (Odisha).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.38 Cr. It is led by directors including Chitta Ranjan Pattanayak and Vasant Nagappa Kini.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 10 Su – Sri Villa Siripur – Jagamara Road Near Nilakantheswar Temple Baramunda, Bhubaneswar, Orissa, India – 751003.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.93 Cr, a decline of 70% compared to the previous year. For the same year it recorded a net loss of ₹1.06 Cr (net margin -27%) and EBITDA of -₹95.3 Lakh (EBITDA margin -24.2%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 103% over five years.
The company has about 46 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Acel Solutions.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website acelsolutions.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address10 Su – Sri Villa Siripur – Jagamara Road Near Nilakantheswar Temple Baramunda, Bhubaneswar, Orissa, India – 751003
- IndustryInformation Technology, Application Development & Software Solutions
- 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
Associated Brands with Acel Solutions Private Limited
Acel Solutions operates one associated brand: Acel Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers digital transformation consultancy and enterprise software solutions. | acelsolutions.com |
Competitors & Alternatives of Acel Solutions Private Limited
Brands and companies operating in the same space as Acel Solutions Private Limited include Booz Allen Hamilton, Genpact, Persistent and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Booz Allen Hamilton | Analytics, cybersecurity, and digital transformation services are provided. | Mclean, United States | 1914 |
 Genpact | Provider of end-to-end business process outsourcing services | New York, United States | 1997 |
 Persistent | IT consulting, data analytics, and digital transformation services are provided. | Pune, India | 1990 |
 NTT DATA | Application development, cloud, cybersecurity, and business intelligence services are provided. | Koto City, Japan | 1967 |
 ICF | IT suite and market research services are provided worldwide. | United States | 1969 |
 Endava | Endava is engaged in digital transformation and AI-driven solutions. | London, United Kingdom | 2000 |
 Sutherland | Business process and technology management services are provided globally. | Pittsford, United States | 1986 |
 Globant | IT and digital transformation services are delivered to various industries. | Buenos Aires, Argentina | 2003 |
 Trianz | Provider of digital transformation, data analytics, IT and security services | Santa Clara, United States | 2001 |
 UST | High-quality office furniture is provided by UST for various needs. | Taiwan | 1998 |
Business Activity of Acel Solutions Private Limited
The main business activity of Acel Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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.
Auditor Details of Acel Solutions Private Limited
Acel Solutions Private Limited is audited by M K NANDA & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M K NANDA & CO | 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 Acel Solutions Private Limited
Acel Solutions has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandra Lekha Pattanayak | Additional Director | 18 May 2022 | 4 Years 4 Months | Current |
| Chitta Ranjan Pattanayak | Director | 10 Aug 2011 | 15 Years 1 Months | Current |
| Vasant Nagappa Kini | Director | 10 Aug 2011 | 15 Years 1 Months | Current |
| Vidya Vasant Kini | Additional Director | 18 May 2022 | 4 Years 4 Months | Current |
Financials of Acel Solutions Private Limited FY 2025 filings available
Acel Solutions Private Limited reported revenue of ₹3.93 Cr (down 70% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Acel Solutions Private Limited
Revenue fell 70% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 103%. EBITDA fell 116% 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 Acel Solutions 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹95.3 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.06 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Acel Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -24.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -27% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Acel Solutions 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.
Ownership and Shareholding of Acel Solutions 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 Acel Solutions Private Limited
Acel Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Acel Solutions Private Limited
Acel Solutions Private Limited has a workforce of 46 employees as of Apr 09, 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.
GST Compliance of Acel Solutions Private Limited
Acel Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAJCA7230N1ZO | Odisha | Active | 16 Oct 2019 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Acel Solutions 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.
MSME Payment Delays by Acel Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Acel Solutions 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.
MCA Filings & Documents of Acel Solutions 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.
Recent Activity on Acel Solutions Private Limited
Frequently Asked Questions about Acel Solutions Private Limited
Acel Solutions is an active private limited company based in Bhubaneswar, Orissa, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 10 August 2011 (15+ years old) and is registered under CIN U72200OR2011PTC014009.
Acel Solutions reported revenue of ₹3.93 Cr for FY 2025 (down 70% YoY).
Acel Solutions has 4 current directors:
- Chandra Lekha Pattanayak - Additional Director
- Chitta Ranjan Pattanayak - Director
- Vasant Nagappa Kini - Director
- Vidya Vasant Kini - Additional Director
Acel Solutions reported a net loss of ₹1.06 Cr (net margin -27%) and EBITDA of -₹95.3 Lakh (EBITDA margin -24.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Acel Solutions is -6% over three years and 103% over five years. In the latest year (FY 2025) revenue fell 70%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Acel Solutions is 21AAJCA7230N1ZO, registered in Odisha.
The CIN (Corporate Identification Number) of Acel Solutions is U72200OR2011PTC014009. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Acel Solutions was incorporated on 10 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Cuttack.
Yes, Acel Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).