Over three decades the Accel Group has been making path-breaking inroads into various domains across the industry spectrum, with exciting milestones that have garnered widespread media interest and newsworthy appreciations by industrial bodies.
Chennai, 2nd March
Accel Limited, The BSE listed (ACCEL | 517494 | INE258C01038) IT and Realty company, today announced that they have acquired the IT Services Business comprising IT Infrastructure Management Services, Warranty Management Services and e-Waste Management Services of Ensure Support Services India Limited. After this transaction, all the existing businesses of Ensure Support Services Limited will be run under Accel Limited, as Accel IT Services. Earlier, on 31st July 2020, Accel Limited has acquired Ensure Support Services Limited from Redington India limited in an all cash deal, thereby making it a wholly owned subsidiary of Accel Limited.
Chennai, 31st July
Mr. N. R. Panicker – Founder and Managing Director Accel Limited and Mr. S. V. Krishnan – Whole-time Director Redington (India) Limited exchanging the share purchase agreement wherein Accel Limited acquires 100% equity shares of M/s. Ensure Support Services (India) Limited, a wholly owned subsidiary of Redington (India) Limited. The agreement is seen as a synergy between complementary skill-sets that will enable a larger reach and an enhanced solutions portfolio to the customers of both the companies. Ensure Services is a pan India services company in the business of providing warranty fulfillment services, spare parts management, infrastructure management services, break-fix maintenance services on behalf of Original Equipment Manufacturers. The company has a footprint of over 80 locations across India and a consistent annual turnover of over Rs.100 Crores.
Mr. N. R. Panicker, Founder and Managing Director Accel Limited and Mr. Moses Lawrence, Co-Founder, Computer Factory (India) Private Limited, exchanging the Share Purchase Agreement for Accel’s acquisition of 75% of the equity Shares of CFIPL, thereby making it a subsidiary of Accel. A synergy of complementary strengths as Accel and CFIPL have made their mark for services and solutions respectively.
Team Accel being recognized at the 100th day celebration of mega hit movie Lucifer. The movie is currently the highest-grossing Malayalam film ever. Accel Media is proud to have been the lead VFX and DI partner to this milestone venture. Superstar Prithviraj handing over the memento to N R Panicker and team from Accel Media.
Accel Realty completes the first phase of Accel Infinium at Kinfra Film & Video park Thiruvananthapuram. Accel’s 1,65,000 sq. ft. IT Complex in the KINFRA Special Economic Zone in Thiruvananthapuram, is nearing completion and is set to make a mark on the infrastructure landscape of the city, apart from ushering in a fresh model for the emerging Work Near Home paradigm.