About Us


Accel Limited, formerly known as Accel Transmatic Ltd., has over 30 years of experience in the design and manufacture of electronic products for various industries and has added Real Estate Infrastructure Services and Strategic Business Initiatives to its portfolio.

In 2004, Accel Ltd. (founded in 2001) acquired Transmatic Systems Ltd. (founded in 1985 and subsequently listed on the Mumbai Stock Exchange), to form the subsidiary company Accel Transmatic Ltd., which continued to be a listed company on the exchanges.

Through a reverse merger process initiated in 2014, Accel Transmatic Limited underwent a merger process with Accel Limited.

On completion of the merger process and on receipt of formal approval for the name change in 2018, the company is now called Accel Limited and continues to be listed on the exchanges.

The Group has evolved over the past three decades making path-breaking inroads in the pursuit of excellence with a passion for innovation. The company has created niche entities that focus on a range of domains that meet the growing requirements of the new world economy. Through a fusion of industry relevant services and environment friendly technologies, the company is striving to make a more meaningful difference in the near future and a lasting impact for all time with a new range of focused services and solutions.

Group Entities

  • Accel Media
  • Accel Animation
  • Cetronics Corp


2017: Accel Limited establishes itself as a key player in Embedded Systems hardware, firmware and software apart from making significant strides in the research and development of niche products for the defence and aerospace domains.

2011: Accel Limited concentrated its focus along the core competencies of:

  • Embedded Systems
  • Security and Surveillance
  • Communications
  • Defence (Aerospace & Maritime)

In 2009, the Systems and Services business was hived off to Accel Frontline Services Limited to synergise operations.

2008: Accel Limited acquired 51% stake in Accel Academy Limited via cash. The realisation was used to establish infrastructure for the newly created Animation Division of Accel Limited Limted. The company strengthened its overseas operations by creating a 100% subsidiary - Accel North America Inc.

2007: The training division was formed into a new company called Accel Academy Limited, which was 100% subsidiary of Accel Limited.

2006: Accel Limited ventured into Animation. A new division was created known as Accel Animation Studios.

2002/2003: Accel Limited acquired Transmatic Systems and created a new diversified portfolio by merging two of the group entities namely, Accel Software and Technologies and Accel IT Academy. It was also decided to acquire an embedded software development company based in Technopark, Thiruvananthapuram, namely Ushus Technologies Pvt Ltd (UTPL) into TSL through the merger process, since they were complementary to the business of TSL. Accordingly a merged entity had been formed effective from 01-01-2004 by the name, Accel Limited (ATL). The legal completion of the merger was completed on 9th February, 2005.

1994: The company had its IPO. The issue was oversubscribed and the company got listed in the Mumbai, Chennai, Cochin Stock Exchanges. Over the years the company developed a strong product portfolio and marketing infrastructure and established as a leading manufacturer and solution provider in the IT industry.

1991: TDICI, the venture capital arm of ICICI provided funding for expansion/diversification to manufacture High Speed Dot matrix printers in collaboration with OutPut Technology Corporation (OTC) of USA.

1986: Established as Transmatic Systems Ltd (TSL) in the year 1986 by two entrepreneurs from Kerala, M R Narayanan and T Ravindran, with equity participation from Kerala State Industrial Development Corporation, and IDBI. The company was promoted to develop and manufacture professional electronic products and communication systems in the state of Kerala, India.


The company has its Registered Office and corporate head quarters in Chennai.

The company has the following infrastructure

  • State of the art R&D Centre
    Kinfra Film and Video Park, Chanthavila, Kazhkoottam,
    Trivandrum 695582
  • Factory facilities
    • 1
      SP3/400, Chempazhanti Lane, Pangapara, Sreekaryam,
      Trivandrum 695017
    • 2
      No.34/35, Sidco Electronics Complex, ThiruViKa Industrial Estate,
      Guindy, Chennai-600032


Accel Limited is a professionally managed company with high standards of corporate governance and a team of experienced professionals managing the operations. A brief profile of the Chairman & Managing Director is given herewith.

N R Panicker
A highly awarded technocrat with a successful track record of over 30 years in the IT and Media industry. As a young electronics engineer he entered the IT industry with a successful stint in HCL after which he founded the Accel Group of companies in 1991. On growing the venture from a start-up to an MNC with full operational presence in seven countries, he guided the company through a successful IPO and later gained industry accolade with the acquisition of a majority stake in his venture by British Telecom. Ranked by DQ India as one of the Top 10 Key Influencers in the Indian IT Industry he was also selected by the State Government and The Confederation of Indian Industry as one of the Top Ten CEO’s. Brimming with entrepreneurial drive he acquired several niche players in the IT Industry and established professional management teams across all the companies in the Group.

Business Philosophy

We are guided by the principles of good people, good process and good technology to achieve customer delight. We have world class infrastructure, internationally certified processes and a team of highly experience and motivated professionals drawn from reputed engineering schools to provide world class services to our customers.