About Mahindra Accelo Limited
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Mahindra Accelo Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahindra And Mahindra Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 20 March 1978 and has been in existence for over 48 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1978PLC020222. Its GSTIN is 27AAACM4745P1ZZ (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹46.75 Cr and a paid-up capital of ₹27.1 Cr. It was formerly known as Mahindra Exports Limited. It is led by directors including Sumit Issar (Managing Director) and Anil Kumar Chopra.
Its last annual general meeting (AGM) was held on 03 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mahindra Towers P.K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2024, the company reported a revenue of ₹3,357.65 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹157.11 Cr (net margin 4.7%) and EBITDA of ₹293.15 Cr (EBITDA margin 8.7%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years and 25% over five years.
The company has about 137 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: Mahindra Accelo. As per MCA filings, the company has open charges of ₹622.5 Cr and satisfied charges of ₹186 Cr on record. Court records list 10 cases involving the company, including 8 filed by the company and 2 filed against it; 1 case is pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹18.75 Cr; the latest was in March 2022. Its 9 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 5 smaller; the largest is Mukand Limited with revenue of ₹4,904.42 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahindraintertrade.com.
Company details
CIN history
Mahindra Accelo has one previous CIN (Corporate Identification Number): L51900MH1978PLC020222. The current CIN is U51900MH1978PLC020222, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51900MH1978PLC020222 | Current |
| L51900MH1978PLC020222 | Previous |
Contact details
Mahindra Accelo Limited's registered office is in Mumbai, Maharashtra. Its website is mahindraintertrade.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMahindra Towers P.K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Mahindra Accelo 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
Mahindra Accelo operates one associated brand: Mahindra Accelo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel processing company | mahindraaccelo.com |
Business activity
The main business activity of Mahindra Accelo is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Mahindra Accelo Limited, buy the company report.
Financials of Mahindra Accelo Limited
FY 2025 filings availableMahindra Accelo Limited reported revenue of ₹3,357.65 Cr (up 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 9% growth in the latest year. EBITDA rose 9% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3,357.65 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹293.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹157.11 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 | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.7% | ||||
| Net Profit Margin | 4.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Mahindra Accelo Limited, buy the company report.
Board of directors and KMP of Mahindra Accelo Limited
Mahindra Accelo Limited currently reports 8 directors and 1 key managerial person. 29 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Kumar Chopra Also directs: Mahindra Steel Service Centre Limited, Mahindra Auto Steel Private Limited, Waterways Leisure Tourism Limited and 1 more | Director | 23 Jun 2022 | 4 Years 4 Months | Current |
| Ranjan Pant Also directs: Schneider Electric President Systems Limited, Mahindra and Mahindra Limited, Mahindra Steel Service Centre Limited and 3 more | Director | 23 Jun 2022 | 4 Years 4 Months | Current |
| Ashok Kumar Barat | Director | 02 Feb 2018 | 8 Years 8 Months | Current |
| Anil Chaudhry Also directs: JSW Dulux Limited, Crompton Greaves Consumer Electricals Limited, GMR Airports Limited and 3 more | Director | 26 Jul 2024 | 2 Years 2 Months | Current |
| Mohit Kapoor Also directs: Bristlecone India Limited, Mahindra Teqo Private Limited | Director | 26 Apr 2021 | 5 Years 5 Months | Current |
| Harishkumar Prakashchandra Gupta | Cfo | 01 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
Mahindra Accelo Limited is compared with the 9 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mukand Limited | ₹4,904.42 Cr (FY 2025) | -6.0% | Mumbai, Maharashtra, India | |||
| Amns Khopoli Limited | ₹4,858.16 Cr (FY 2024) | 342.0% | Khalapur, Maharashtra, India | |||
| Sarda Energy & Minerals Limited | ₹4,815.25 Cr (FY 2025) | 19.0% | Nagpur, Maharashtra, India | |||
| Rashmi Metallurgical Industry Private Limited | ₹4,631.67 Cr (FY 2025) | 80.0% | Kolkata, West Bengal, India | |||
| Hyundai Steel India Private Limited | ₹4,393.65 Cr (FY 2025) | -14.0% | Kancheepuram, Tamil Nadu, India | |||
| Steel Strips Wheels Ltd | ₹4,370.75 Cr (FY 2024) | 8.0% | Punjab, India | |||
| Tata Bluescope Steel Private Limited | ₹4,268.87 Cr (FY 2025) | 0.0% | Pune, Maharashtra, India | |||
| TT Steel Service India Private Limited | ₹4,163.55 Cr (FY 2025) | -4.0% | Ramanagara, Karnataka, India | |||
| Prakash Industries Limited | ₹4,039.82 Cr (FY 2025) | 8.0% | Haryana, India | |||
| Mahindra Accelo Limitedthis company | ₹3,357.65 Cr (FY 2024) | ₹157.11 Cr | 4.7% | 9.0% | 137 | Mumbai, Maharashtra, India |
To see the full peer comparison of Mahindra Accelo Limited, buy the company report.
Auditor
Mahindra Accelo Limited is audited by B S R & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2024 | 101248W/W–100022 |
Shareholding
The shareholding of Mahindra Accelo Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahindra Accelo Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jun 2023 | 100735067 | Others | ₹200 Cr | Open | |
| 24 Nov 2021 | 100511833 | Others | ₹160 Cr | Open | |
| 18 Apr 2006 | 10003008 | Axis Bank Limited | ₹70 Cr | Open | |
| 20 Feb 2006 | 80058759 | Hdfc Bank Ltd. | ₹55 Cr | Open | |
| 12 Oct 1999 | 80020214 | State Bank of India | ₹137.5 Cr | Open |
To see the full charge records of Mahindra Accelo Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Mahindra Accelo Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹18.75 Cr; the latest was in March 2022.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Mahindra Mahindra Limited Limited Seller: Mahindra Vehicles Manufacturers Limited |
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: Mahindra Vehicles Manufacturers Limited Seller: Mahindra Mahindra Limited Limited |
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: Mahindra Vehicles Manufacturers Limited Seller: Mahindra Mahindra Limited Limited |
| Sep 2008 | Secondary share transfer | Undisclosed | Seller: Mahindra Mahindra Limited Limited |
To see the full deal history of Mahindra Accelo Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mahindra Accelo Limited has 10 court cases on record: 8 filed by Mahindra Accelo, 2 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 0 |
| District courts | 4 | 1 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Company petition | Filed by the company against M/S. East India Granite Ltd | Disposed |
| District court, Nashik, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| High Court, GUJARAT | Appeal | Filed against the company by State of Gujrat | Disposed |
| District court, Rangareddy, Telangana | Court case (COS) | Filed by the company against M/S. Surex Auto Works | Disposed |
| District court, Central, Delhi | Court case (RCA DJ) | Filed against the company by an individual | Disposed |
To see the full case history of Mahindra Accelo 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.
Credit ratings & regulatory alerts
Mahindra Accelo Limited was last rated by Icra on 14 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 14 Feb 2022 |
To see the full credit ratings and regulatory alerts of Mahindra Accelo Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mahindra Accelo Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Mahindra Accelo has 4 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Mahindra Steel Service Centre Limited | U27100MH1993PLC070416 | |
| Mahindra Electrical Steel Private Limited | U27100MH2009PTC193205 | |
| Mahindra Auto Steel Private Limited | U27100MH2013PTC250979 | |
| Mahindra MSTC Recycling Private Limited | U37100MH2016PTC288535 |
To see the full group structure of Mahindra Accelo Limited, buy the company report.
Employees & EPFO
Mahindra Accelo Limited has a workforce of 137 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
GST
Mahindra Accelo has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM4745P1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 24AAACM4745P1Z5 | Gujarat | Active | 01 Jul 2017 |
| 36AAACM4745P1Z0 | Telangana | Active | 02 Jul 2018 |
To see the full GST registrations and return filing status of Mahindra Accelo Limited, buy the company report.
Recent activity
Mahindra Accelo Limited has 35 board changes on record since 2006: 9 appointments and 26 cessations. The latest: Jasmine Kaur ceased to be Additional Director on 02 Sep 2025.
45 earlier events are in the company report.
News
Frequently asked questions
Mahindra Accelo is an active public limited company based in Mumbai, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 20 March 1978 (48+ years old) and is registered under CIN U51900MH1978PLC020222.
Mahindra Accelo has 9 current directors and KMP:
- Sumit Issar - Managing Director
- Anil Kumar Chopra - Director
- Ranjan Pant - Director
- Ashok Kumar Barat - Director
- Anil Chaudhry - Director
- Mohit Kapoor - Director
- Jasmine Kaur - Director
- Parag Chandulal Shah - Director
- Harishkumar Prakashchandra Gupta - Cfo
The latest financial statements of Mahindra Accelo on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 03 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahindra Accelo is 27AAACM4745P1ZZ, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACM4745P1Z5 (Gujarat), 36AAACM4745P1Z0 (Telangana).
The CIN (Corporate Identification Number) of Mahindra Accelo is U51900MH1978PLC020222. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahindra Accelo has 10 court cases on record: 8 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Mahindra Accelo was incorporated on 20 March 1978, making it 48+ years old. It is registered with the Registrar of Companies, Mumbai.
Mahindra Accelo has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹18.75 Cr; the latest was in March 2022.
The peers of Mahindra Accelo by revenue are Mukand Limited, Amns Khopoli Limited, Sarda Energy & Minerals Limited, Rashmi Metallurgical Industry Private Limited, Hyundai Steel India Private Limited and 4 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Jasmine Kaur ceased to be Additional Director on 02 Sep 2025. Jasmine Kaur was appointed as Director on 26 Oct 2024. Harishkumar Prakashchandra Gupta was appointed as CFO on 01 Aug 2024. Mahindra Accelo has 35 board changes on record in total.
Mahindra Accelo can be reached through the website mahindraintertrade.com. Its registered office is in Mumbai, Maharashtra, India.