About Accendere Info Technologies Private Limited
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Accendere Info Technologies Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 20 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2011PTC075080. Its GSTIN is 36AAKCA0221G1Z6 (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Maganti Bapayya Choudhary and Maganti Vani Naga Kumari.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2023, the company reported a revenue of ₹6 Lakh, a decline of 97% compared to the previous year. For the same year it recorded a net profit of ₹3.7 Lakh (net margin 61.7%) and EBITDA of ₹4.17 Lakh (EBITDA margin 69.4%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 25% over five years.
Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website accendereit.co.
Company details
CIN history
Accendere Info Technologies has one previous CIN (Corporate Identification Number): U72200AP2011PTC075080. The current CIN is U72200TG2011PTC075080, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2011PTC075080 | Current |
| U72200AP2011PTC075080 | Previous |
Contact details
Accendere Info Technologies Private Limited's registered office is in Hyderabad, Telangana. Its website is accendereit.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD No 1 – 8 – 12 – 20/A/N/R Plot No 114 3rd Floor Brundavan Nagar Ayyapa Street No 8 Hab, Siguda, Hyderabad, Telangana, India – 500007
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Accendere Info Technologies 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
Financials of Accendere Info Technologies Private Limited
FY 2023 filings availableAccendere Info Technologies Private Limited reported revenue of ₹6 Lakh (down 97% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 97% fall in the latest year. EBITDA fell 92% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹6 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.17 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.7 Lakh | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 69.4% | ||||
| Net Profit Margin | 61.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Accendere Info Technologies Private Limited, buy the company report.
Board of directors of Accendere Info Technologies Private Limited
Accendere Info Technologies has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maganti Bapayya Choudhary Also directs: Monac Agri Private Limited, Seclink Bio Energy Private Limited, Irabio Tech Private Limited and 2 more | Director | 03 Nov 2011 | 15 Years 0 Months | Current |
| Maganti Vani Naga Kumari Also directs: Monac Agri Private Limited, Seclink Bio Energy Private Limited | Director | 26 May 2024 | 2 Years 5 Months | Current |
Auditor
Accendere Info Technologies Private Limited is audited by K Veeresh for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K Veeresh | FY 2023 | 247962 |
Shareholding
The shareholding of Accendere Info Technologies Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Accendere Info Technologies Private Limited, buy the company report.
Legal cases
Accendere Info Technologies Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thiruvananthapuram, Kerala | Criminal case | Filed against the company by Qwy Software Pvt. Ltd | Pending |
| District court, Krishna, Andhra Pradesh | Criminal complaint | Filed against the company by M/S Siri Fly Ash Products, RP by Nadella Ram Prasad | Disposed |
To see the full case history of Accendere Info Technologies 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
Accendere Info Technologies Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 10 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Onyx Components and Systems Private Limited | |||
| FTD Infocom Private Limited | |||
| Tikona Infinet Private Limited | |||
| Hexa Resource Axis India Private Limited |
To see the full MSME payment records of Accendere Info Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Accendere Info Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAKCA0221G1Z6 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Accendere Info Technologies Private Limited, buy the company report.
Recent activity
Accendere Info Technologies Private Limited has 13 board changes on record since 2011: 2 appointments and 11 cessations. The latest: Ganesh Murthy Narayana ceased to be Director on 27 May 2024.
4 earlier events are in the company report.
Frequently asked questions
Accendere Info Technologies is an active private limited company based in Hyderabad, Telangana, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 20 June 2011 (15+ years old) and is registered under CIN U72200TG2011PTC075080.
Accendere Info Technologies has 2 current directors:
- Maganti Bapayya Choudhary - Director
- Maganti Vani Naga Kumari - Director
The latest financial statements of Accendere Info Technologies on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Accendere Info Technologies is 36AAKCA0221G1Z6, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Accendere Info Technologies is U72200TG2011PTC075080. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Accendere Info Technologies has 2 court cases on record: 2 filed against it. 1 is pending.
Accendere Info Technologies was incorporated on 20 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Hyderabad.
Ganesh Murthy Narayana ceased to be Director on 27 May 2024. Maganti Vani Naga Kumari was appointed as Director on 26 May 2024. Nagaraju Ramaskanda ceased to be Director on 28 Feb 2024. Accendere Info Technologies has 13 board changes on record in total.
Accendere Info Technologies has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 10 overdue payments to 5 micro and small suppliers. The latest return was filed on 07 Jun 2019.
Accendere Info Technologies can be reached through the website accendereit.co. Its registered office is in Hyderabad, Telangana, India.
The registered office of Accendere Info Technologies is at D No 1 – 8 – 12 – 20ANR Plot No 114 3rd Floor Brundavan Nagar Ayyapa Street No 8 Hab, Siguda, Hyderabad, Telangana, India – 500007.
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