Accel Transmatic Limited is a company headquartered in

Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

. The company's major focus areas are Product R&D and development, software R&D and development & Animation. Accel Transmatic is a publicly traded company listed on the Bombay Stock Exchange (BSE) The company has it main operations in Chennai, &

Trivandrum Thiruvananthapuram (; ), also known by its former name Trivandrum (), is the capital of the Indian state of Kerala. It is the most populous city in Kerala with a population of 957,730 as of 2011. The encompassing urban agglomeration populati ...

in India. The company also has subsidiaries in

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History

Accel Transmatic Limited was originally 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 Kerala State Industrial Development Corporation Ltd. is the industrial and investment promotion agency of the Government of Kerala (India), for the promotion and development of medium and large scale units in the State of Kerala. As the Nodal A ...

, and

IDBI The IDBI Bank Limited (IDBI Bank or IDBI) is a development finance institution under the ownership of Life Insurance Corporation of India and Government of India. It was established in 1964 as Industrial Development Bank of India, a developmen ...

. The company was promoted to develop and manufacture professional electronic products and communication systems in the state of

Kerala Kerala ( ; ) is a state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile regions of Cochin, Malabar, South ...

. In 1991 TDICI, the

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

arm of ICICI provided funding for expansion/diversification to manufacture High Speed Dot matrix printers in collaboration with OutPut Technology Corporation (OTC) of USA. In 1994 the company had its

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

, the issue was oversubscribed and the company got listed in the

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

Cochin Stock Exchange Cochin Stock Exchange (CSE or CoSE) was an Indian stock exchange in Kochi, Kerala fully owned by Government of India. It was incorporated in 1978. At its peak, it had almost 500 Indian companies listed, and with a daily turnover of 70–, it ...

s. In 2002, the company diversified into software and technologies space by merging with other technology companies. It approached Accel Limited, an established IT business group based in

for a possible acquisition of the company. Accel Limited acquired the shares held by one of the promoters of the company and the acquisition was completed by August 2003 and thus the company became an Accel group company. Accel's management decided to create a new diversified portfolio for Transmatic Systems 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 Transmatic Ltd (ATL). The legal completion of the merger was completed on 9 February 2005. In 2007, Accel Transmatic expanded its animation production by opening up a motion-capture facility in the Kinfra-Film & Video Park in

Thiruvananthapuram Thiruvananthapuram (; ), also known by its former name Trivandrum (), is the capital of the Indian state of Kerala. It is the most populous city in Kerala with a population of 957,730 as of 2011. The encompassing urban agglomeration populati ...

. In 2011, Accel Transmatic after completing necessary approvals from Shareholders and board decided to shut Software Operations (Technologies Division - including overseas subsidiary, Accel North America, Inc.), to focus better on Animation and Media Company.

Subsidiaries

* Accel North America (ANA) *Accel Solutions Japan

References

{{reflist Software companies of India Companies based in Chennai Software companies established in 1986 Indian companies established in 1986 1986 establishments in Tamil Nadu Companies listed on the Bombay Stock Exchange