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{{notability|Companies|date=November 2015}} | {{notability|Companies|date=November 2015}} | ||
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{{Infobox company | |||
| name = Accel Transmatic Limited | |||
| type = Public | |||
| founder = M R Narayanan and T Ravindran | |||
| operating_income = | |||
| net_income = | |||
| num_employees = | |||
| parent = | |||
| subsid = | |||
| footnotes = | |||
| foundation = | |||
| location = [[Chennai]], [[India]]. | |||
| homepage = | |||
}} | |||
'''Accel Transmatic Limited''' {{BSE|517494}} is a company headquartered in [[Chennai]], [[India]]. 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)<ref>{{cite web|url=http://www.businessline.in/bline/2008/02/05/stories/2008020550380700.htm |title=The Hindu Business Line : Accel Transmatic set for infrastructure upgrade |publisher=Businessline.in |date=2008-02-05 |accessdate=2010-07-28}}</ref> | '''Accel Transmatic Limited''' {{BSE|517494}} is a company headquartered in [[Chennai]], [[India]]. 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)<ref>{{cite web|url=http://www.businessline.in/bline/2008/02/05/stories/2008020550380700.htm |title=The Hindu Business Line : Accel Transmatic set for infrastructure upgrade |publisher=Businessline.in |date=2008-02-05 |accessdate=2010-07-28}}</ref> | ||
The company has it main operations in Chennai, & [[Trivandrum]] in India. The company also has subsidiaries in [[California]], United States & [[Tokyo]], Japan | The company has it main operations in Chennai, & [[Trivandrum]] in India. The company also has subsidiaries in [[California]], [[United States]] & [[Tokyo]], [[Japan]]. | ||
== History == | == 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, and [[IDBI]]. The company was promoted to develop and manufacture professional electronic products and communication systems in the state of [[Kerala]], India. | Accel Transmatic Limited was originally established as Transmatic Systems Ltd (TSL) in the year 1986<ref name="Accel ref1">{{cite news |title=Accel Ltd. (ACCEL) - Company History |url=https://www.business-standard.com/company/accel-4280/information/company-history |access-date=27 October 2021 |publisher=business-standard.com}}</ref> 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]]. | ||
In 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. | In 1991 TDICI, the [[venture capital]] arm of [[ICICI Bank|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 [[initial public offering|IPO]], the issue was oversubscribed and the company got listed in the [[Mumbai]], [[Chennai]], [[Cochin Stock Exchange]]s. | In 1994 the company had its [[initial public offering|IPO]], the issue was oversubscribed and the company got listed in the [[Mumbai]], [[Chennai]], [[Cochin Stock Exchange]]s. | ||
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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 [[Chennai]] 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, Kerala|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 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 [[Chennai]] 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, Kerala|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]].<ref>{{Cite web|url=https://variety.com/2007/digital/asia/india-s-accel-expands-cartoon-production-1117966676/|title=India’s Accel expands cartoon production|last=Frater|first=Patrick|date=2007-06-11|website=Variety|language=en|url-status=live|archive-url=|archive-date=|access-date=2019-10-30}}</ref> | In 2007, Accel Transmatic expanded its animation production by opening up a motion-capture facility in the Kinfra-Film & Video Park in [[Thiruvananthapuram]].<ref>{{Cite web|url=https://variety.com/2007/digital/asia/india-s-accel-expands-cartoon-production-1117966676/|title=India’s Accel expands cartoon production|last=Frater|first=Patrick|date=2007-06-11|website=Variety|language=en|url-status=live|archive-url=https://web.archive.org/web/20191030174045/https://variety.com/2007/digital/asia/india-s-accel-expands-cartoon-production-1117966676/ |archive-date=30 October 2019 |access-date=2019-10-30}}</ref> | ||
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.<ref name="Accel ref2">{{cite news |title=ACCEL TRANSMATIC LTD. - Re-organisation of Company's operations |url=https://www.ndtv.com/business/accel-transmatic-ltd-re-organisation-of-company-39-s-operations-164376 |access-date=28 October 2021 |publisher=NDTV profit |date=26 August 2011}}</ref> | |||
===Subsidiaries=== | ===Subsidiaries=== | ||
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[[Category:Indian companies established in 1986]] | [[Category:Indian companies established in 1986]] | ||
[[Category:1986 establishments in Tamil Nadu]] | [[Category:1986 establishments in Tamil Nadu]] | ||
[[Category:Companies listed on the Bombay Stock Exchange]] | |||