Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹41Cr
Rev Gr TTM
Revenue Growth TTM
-5.74%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

ACCELERATE
VS
| Quarter | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | | | 46.2 | 19.6 | -13.5 | 4.0 |
| 2 | 3 | 3 | 3 | 3 | 2 |
Operating Profit Operating ProfitCr |
| 25.8 | -13.3 | 32.8 | 6.8 | 27.8 | 35.3 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 0 | 1 | 0 | 1 | 1 |
| 0 | 0 | 0 | 0 | 0 | 0 |
|
Growth YoY PAT Growth YoY% | | | 1.7 | 123.2 | 1.7 | 569.2 |
| 20.8 | -20.7 | 14.5 | 4.0 | 17.0 | 25.8 |
| 0.0 | -1.7 | 1.6 | 0.6 | 2.0 | 2.5 |
| Financial Year | Jan 2023 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | | 142.9 | -0.3 | 1.9 |
| 1 | 2 | 5 | 6 | 5 |
Operating Profit Operating ProfitCr |
| 22.2 | 24.4 | 27.9 | 17.7 | 31.4 |
Other Income Other IncomeCr | 0 | 0 | -1 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 |
| 0 | 1 | 1 | 1 | 2 |
| 0 | 0 | 1 | 0 | 1 |
|
| | | -92.1 | 2,303.3 | 100.5 |
| 16.3 | 13.8 | 0.5 | 10.8 | 21.3 |
| 1.4 | 5.4 | 3.4 | 2.6 | 4.5 |
| Financial Year | Jan 2023 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Equity Capital Equity CapitalCr | 2 | 2 | 2 | 3 |
| 0 | 0 | 2 | 1 |
Current Liabilities Current LiabilitiesCr | 1 | 0 | 0 | 1 |
Non Current Liabilities Non Current LiabilitiesCr | 0 | 0 | 1 | 2 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 2 | 2 | 4 | 6 |
Non Current Assets Non Current AssetsCr | 1 | 1 | 0 | 1 |
Total Assets Total AssetsCr |
| Financial Year | Jan 2023 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 0 | 0 | -1 | 1 |
Investing Cash Flow Investing Cash FlowCr | 1 | -1 | 1 | -1 |
Financing Cash Flow Financing Cash FlowCr | 0 | 2 | 2 | 1 |
|
Free Cash Flow Free Cash FlowCr | 0 | -1 | -1 | 1 |
| 115.2 | -8.0 | -3,706.6 | 108.6 |
CFO To EBITDA CFO To EBITDA% | 84.9 | -4.5 | -59.6 | 66.3 |
| Financial Year | Jan 2023 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 0 | 68 | 43 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 2,249.6 | 59.3 |
Price To Sales Price To Sales | 0.0 | 0.0 | 10.0 | 6.4 |
Price To Book Price To Book | 0.0 | 0.0 | 17.3 | 9.9 |
| -3.0 | -0.9 | 34.8 | 34.8 |
Profitability Ratios Profitability Ratios |
| 100.0 | 100.0 | 100.0 | 100.0 |
| 22.2 | 24.4 | 27.9 | 17.7 |
| 16.3 | 13.8 | 0.5 | 10.8 |
| 15.4 | 28.6 | 19.4 | 18.3 |
| 12.8 | 17.7 | 0.8 | 16.8 |
| 9.3 | 13.2 | 0.6 | 10.4 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
AccelerateBS India Limited is a high-growth boutique digital technology services firm specializing in **Digital Experience Platforms (DXP)** and custom enterprise software development. The company provides end-to-end digital transformation services—from ideation and consulting to deployment and support—primarily for clients in highly regulated global industries.
---
### **Specialized Service Portfolio & Technical Ecosystem**
The company operates a "100% in-house capability" model, focusing on scalable, **API-first**, and **decoupled/headless** architectures. Its service architecture is divided into five core pillars:
* **Digital Experience Platforms (DXP):** High-end consulting and full-spectrum implementation (Front-end, Middleware, and Backend) for enterprise-grade platforms.
* **Cognitive & AI Services:** A specialized practice area focused on **AI-powered application builds**, including custom **Chatbots** and **Voice bots** utilizing **Azure Cognitive Services**, **OpenAI**, and **Azure Bot Service**.
* **Custom Software & Microservices:** Building scalable systems using **Full-stack Microsoft (.NET)** and **Node.js** environments.
* **Compliance & Accessibility:** Specialized **WCAG (Web Content Accessibility Guidelines)** testing and remediation services to ensure digital products meet global legal standards.
* **Third-Party Ecosystem Integration:** Seamless integration of DXPs with enterprise tools including **Salesforce, Marketo, Brightcove, Adobe Omniture,** and **SAP Commerce**.
**Core Technology Stack:**
| Category | Technologies & Tools |
| :--- | :--- |
| **DXP Platforms** | **Crownpeak, Optimizely, Contentful, Strapi, Acquia, Kentico** |
| **Front-end** | **React, Angular, Vue, NextJS, Blazor, Nunjucks** |
| **Backend & Mobile** | **.NET, NodeJS, React Native, Xamarin, Ionic** |
| **Cloud & DevOps** | **Azure, AWS, Jenkins, Azure Pipelines, Kubernetes, Docker** |
| **QA & Automation** | **JMeter, Selenium, Postman, SoapUI, Browserstack, Mocha, Cypress** |
---
### **Strategic Global Expansion & Inorganic Growth**
AccelerateBS is aggressively pursuing a "Global-Local" delivery model, transitioning from a purely India-based provider to an international entity with onshore capabilities in the **North American** market.
* **US Market Entry:** In **September 2025**, the company incorporated **Accelerate Next Inc** (Wyoming, USA) as a wholly-owned subsidiary.
* **Beanstalk Acquisition (March 2026):** The company acquired **100%** of **Beanstalk Web Solutions LLC** (St. Louis, Missouri) for approximately **USD 1,000,000** (INR 10 Crores).
* **Impact:** Adds **INR 15+ Crores** in annual turnover.
* **Synergies:** Provides high-margin **recurring revenue** through managed cloud hosting and establishes a local US project management presence.
* **Strategic Partnerships:** Certified solution partner for **Crownpeak (USA)**, **Contentful (Germany)**, and **Optimizely (UK)**; active member of the **Magnet Global Network**.
---
### **Financial Performance & Capital Structure**
Since its listing on the **BSE SME platform** in **July 2023**, the company has focused on cleaning its balance sheet and rewarding shareholders.
**Key Financial Metrics (Standalone):**
| Metric | FY 2025 (INR Lakhs) | FY 2024 (INR Lakhs) | Growth/Change |
| :--- | :--- | :--- | :--- |
| **Revenue from Operations** | **677.10** | **678.87** | (0.26%) |
| **Net Profit After Tax (PAT)** | **73.30** | **3.05** | **+2313.58%** |
| **Net Profit Margin** | **10.83%** | **0.45%** | **+1038 bps** |
| **Promoter Holding** | **71.01%** | **71.01%** | **Zero Pledges** |
* **Profitability Surge:** The massive jump in PAT in FY25 was primarily due to the absence of one-time **IPO-related expenses** (**INR 27.15 Lakhs**) incurred in FY24.
* **Debt Reduction:** Long-term borrowings from promoters were aggressively reduced from **INR 54.37 Lakhs** (March 2024) to just **INR 2.23 Lakhs** (March 2025).
* **Shareholder Actions:**
* **Bonus Issue (Sept 2024):** Allotted shares in a **3:5 ratio**.
* **Authorized Capital:** Increased from **INR 10 Crores** to **INR 20 Crores** in August 2024 to facilitate expansion.
* **Foreign Investment:** Increased NRI/OCI investment limit to **24%** of paid-up capital.
---
### **Operational Infrastructure & Governance**
The company operates out of two primary development centers in **Mumbai** and **Ahmedabad**, India.
* **Leadership:** Led by **Kunal Arvind Shah (CMD)**, an NJIT (USA) alumnus, and **Keyur Dipakkumar Shah (WTD)**. The board includes **3 Independent Directors**, ensuring balanced governance.
* **Quality & Security:** Operations are certified under **ISO 9001:2015** (Quality Management) and **ISO/IEC 27001:2022** (Information Security).
* **Human Capital:** Maintains a specialized workforce (approx. **38+ employees**) with expertise in regulated sectors like **Insurance, Healthcare, and Pharma**.
---
### **Risk Profile & Mitigation Strategies**
AccelerateBS manages risks through an **Integrated Management System (IMS)** to address the volatility of the tech sector.
* **Concentration & Credit Risk:** Management is monitoring **INR 83.13 Lakhs** in overdue receivables from a single party as of late 2025, though recovery is expected.
* **Macroeconomic Sensitivity:** A potential **US recession** poses a risk to client budgets. The company mitigates this by focusing on **ROI-driven efficiency tools** and **Managed Services** that provide recurring revenue.
* **Technological Obsolescence:** To counter the threat of **GenAI** and rapid tech shifts, the company is pivoting toward **Robotic Process Automation (RPA)** and **5G-enabled** digital touchpoints.
* **Operational Risks:** Challenges such as **Scope Creep** and **Talent Retention** are managed through the new **Ahmedabad center**, which provides access to a broader talent pool at optimized costs.