Digital Accelerator Limited
About Digital Accelerator Limited
Data last updated:
Digital Accelerator Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 17 August 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U67120TN1995PLC032627. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Omr Realities Limited and Marg Realities Limited. It is led by directors including Sivakumar Nathan and Desinng Kumar Rajendran.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Sri Sai Subhodaya Apartments No.57/2B East Coast Road Thiruvanmiyur, Chennai, Tamil Nadu, India – 600041.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.2 Lakh, a decline of 92% compared to the previous year. For the same year it recorded a net loss of ₹1.32 Cr and EBITDA of ₹59,000 (EBITDA margin 49.2%). Revenue has declined at a compounded annual rate (CAGR) of 90% over three years and 76% over five years.
As per MCA filings, the company has open charges of ₹980 Cr and satisfied charges of ₹239.2 Cr on record. Court records list 47 cases involving the company, including 33 filed by the company and 14 filed against it; 24 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Name history
Digital Accelerator has undergone 3 name changes throughout its history. The company was previously known as Omr Realities Limited, Marg Realities Limited, and Marg Stocks & Shares Limited. The current legal name is Digital Accelerator Limited.
| Company Name | Status |
|---|---|
| Digital Accelerator Limited | Current |
| Omr Realities Limited | Previous |
| Marg Realities Limited | Previous |
| Marg Stocks & Shares Limited | Previous |
Contact details
Digital Accelerator Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressSri Sai Subhodaya Apartments No.57/2B East Coast Road Thiruvanmiyur, Chennai, Tamil Nadu, India – 600041
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Digital Accelerator 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
Financials of Digital Accelerator Limited
FY 2022 filings availableDigital Accelerator Limited reported revenue of ₹1.2 Lakh (down 92% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 76% over five years, including a 92% fall in the latest year. EBITDA fell 91% 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹59,000 | ||||
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| Net Profit (PAT) | -₹1.32 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 49.2% | ||||
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To see the full financial statements and ratios of Digital Accelerator Limited, buy the company report.
Board of directors of Digital Accelerator Limited
Digital Accelerator has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sivakumar Nathan | Director | 13 Jun 2019 | 7 Years 5 Months | Current |
| Desinng Kumar Rajendran Also directs: Yuva Constructions Private Limited, Archana Infradevelopers Private Limited, Comex Infrastructure Private Limited and 5 more | Director | 25 Mar 2019 | 7 Years 7 Months | Current |
| Mohankumaramangam Jambulingam | Director | 13 Jun 2019 | 7 Years 5 Months | Current |
| Padmanaban Sankar Also directs: Foothill Projects Private Limited, Akarsh Constructions Private Limited, Yuva Constructions Private Limited and 5 more | Director | 25 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
Digital Accelerator Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers, Real Estate Leasing), with the same principal business activity (real estate activities on fee or contract basis), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Digital Accelerator Limitedthis company | ₹1.2 Lakh (FY 2022) | -₹1.32 Cr | -92.0% | Chennai, Tamil Nadu, India | ||
| Iibs Infonet Private Limited | ₹1.2 Lakh (FY 2025) | New Delhi, Delhi, India | ||||
| Suryashakti Estates and Developers Private Limited | ₹1.2 Lakh (FY 2025) | 9.0% | Visakhapatnam, Andhra Pradesh, India | |||
| Impulse Investments Private Limited | ₹1.2 Lakh (FY 2023) | Chennai, Tamil Nadu, India |
To see the full peer comparison of Digital Accelerator Limited, buy the company report.
Auditor
Digital Accelerator Limited is audited by L RAMESH & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| L RAMESH & ASSOCIATES | FY 2020 | 009107S |
Shareholding
The shareholding of Digital Accelerator Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Digital Accelerator Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Mar 2013 | 10420412 | Icici Bank Ltd | ₹6 Cr | Open | |
| 28 Mar 2011 | 10276871 | Icici Bank Limited | ₹74 Cr | Open | |
| 15 Dec 2009 | 10189048 | Others | ₹900 Cr | Open | |
| 01 Dec 2007 | 10077931 | The Federal Bank Ltd | ₹70 Cr | Satisfied | |
| 26 Aug 2006 | 10019981 | Oriental Bank of Commerce | ₹66.9 Cr | Satisfied |
To see the full charge records of Digital Accelerator Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Digital Accelerator Limited has 47 court cases on record: 33 filed by Digital Accelerator, 14 filed against it. 24 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 41 | 11 | 22 |
| District courts | 3 | 1 | 1 |
| Supreme Court | 2 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 47)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Appeal | Filed against the company by Tata Consultancy Services Limited | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company by Tata Consultancy Services Limited | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against KVPS Property Developers Private Limited and 2 others | Pending |
| Supreme Court | Court case (0602-Banking : Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, debt recovery by banks, financial institutions, cooperative banks and negotiable instruments [other than criminal prosecution]) | Filed against the company by Authorised Officer Authorised Officer Icici Bank Ltd., No. 1, Cenotaph Road, Teynampet , District: Chennai ,Chennai , Tamil Nadu | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company by KVPS Property Developers Private Limited | Disposed |
To see the full case history of Digital Accelerator 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 Digital Accelerator Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Digital Accelerator has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Digital Accelerator Limited, buy the company report.
Recent activity
Digital Accelerator Limited has 19 board changes on record since 2006: 5 appointments and 14 cessations. The latest: Jayaraj Balaraman ceased to be Director on 13 Jun 2019.
28 earlier events are in the company report.
Frequently asked questions
Digital Accelerator is an active public limited company based in Chennai, Tamil Nadu, India. The company works in real estate financing, within the financial services industry. It was incorporated on 17 August 1995 (31+ years old) and is registered under CIN U67120TN1995PLC032627.
Digital Accelerator has 4 current directors:
- Sivakumar Nathan - Director
- Desinng Kumar Rajendran - Director
- Mohankumaramangam Jambulingam - Director
- Padmanaban Sankar - Director
The latest financial statements of Digital Accelerator on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Digital Accelerator has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Digital Accelerator is U67120TN1995PLC032627. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Digital Accelerator has 47 court cases on record: 33 filed by the company and 14 filed against it. 24 are pending. Most are in the high courts.
Digital Accelerator was incorporated on 17 August 1995, making it 31+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Digital Accelerator by revenue are Iibs Infonet Private Limited, Suryashakti Estates and Developers Private Limited, Impulse Investments Private Limited, all in the Real Estate industry (Builders and Developers, Real Estate Leasing), with the same principal business activity (real estate activities on fee or contract basis).
Jayaraj Balaraman ceased to be Director on 13 Jun 2019. Krishana Kumar Nair ceased to be Director on 13 Jun 2019. Mathi Thiyagu ceased to be Director on 13 Jun 2019. Digital Accelerator has 19 board changes on record in total.
The registered office of Digital Accelerator is at Sri Sai Subhodaya Apartments No.572B East Coast Road Thiruvanmiyur, Chennai, Tamil Nadu, India – 600041.
Digital Accelerator operates in the financial services industry, in the real estate financing segment.
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