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Business Profile
Accel at a glance
India's leading IT Infrastructure Services Company

Founded in 1991 by a group of entrepreneurs with vast experience in the IT industry

Track record of superior execution and growth

Acquired the systems and engineering services business of Fujitsu ICIM in 1999 which resulted in the formation of Accel ICIM Systems & Services Ltd

Successfully raised 2 rounds of private equity from ICICI Venture Funds and Intel Capital

Formed joint venture with Frontline Technologies Corporation Ltd of Singapore in 2004 to form Accel ICIM Frontline Ltd.

Fully owned subsidiaries in Singapore and UAE

More than 2000 highly qualified & experienced professionals with relevant skill sets

Assessed at SEI CMMi Level 5 for software practice and ISO 9001 for services

Adjudged as one of the Top 10 employers in the Indian IT industry for employee satisfaction, consistently for three years (DQ -September 2005)

Evolution of Accel and Milestones

Accel was started as Accel Automation Private Ltd in the year 1991. Five engineers with more than 50 years of combined experience in the IT industry came together with a vision to build an organization focusing on IT services. The company commenced operations by providing multi-vendor services for computers systems. Multi-location operations commenced in 1992 with offices in Coimbatore and Thiruvananthapuram. Having identified opportunities in hardware infrastructure solutions and system integration, the company took over a computer manufacturing unit from Kothari group of companies in 1993 to provide system integration and product solutions.

In 1996 Accel forayed into software by setting up an application development center in Chennai. The company also expanded its operations to various parts of South India.

In 1997, the company decided to expand its service network nationally. This resulted in Accel acquiring a Delhi based company named Athreya Technologies and Industrial Development Private Ltd – an offshoot of India Telecomp Ltd, which provided a base for Accel in all major cities of North India.

In 1998, Accel acquired the services business of Network Ltd, an HCL Group company focusing in office automation products and services. This provided the company with a national footprint of 16 offices and 250 trained engineers. The company’s turnover crossed USD 10 million in 1998.

In 1999, the company raised private equity from one of India’s largest venture capital funds - ICICI Ventures. During this year Accel acquired the Systems and Engineering Services business of Fujitsu ICIM Ltd in India, which was at one time the country’s largest IT Company. The IT business of Accel Ltd was re-organized in to Accel ICIM Systems & Services Ltd after this acquisition and Accel Ltd then became the holding company. The key management team was moved from Accel Ltd. & Fujitsu ICIM to Accel ICIM Systems & Services Ltd.

In 2000, Accel crossed the USD 25 million turnover milestone and established itself as a leading enterprise IT services company operating in the corporate segment with one of the largest network of offices in India. The company received strategic investment from Intel Capital.

From 2001 to 2003 the company focused on institutionalizing the organization and consolidating its position as a leading systems integration and infrastructure services company. The company reached a turnover of Rs 150 crores for the year ended 31st March 2003. It forged alliances with Sun Microsystems, Oracle, JD Edwards, Citrix etc, to provide Enterprise IT solutions and software services. It also started operations in Dubai and Singapore to create a market for its software services.

In the year 2004, the company forged a strategic alliance with Singapore based Frontline Technologies Corporation Limited (FTC) (www.frontline.com.sg), and made Accel ICIM a joint venture between Accel Ltd and FTC and changed the name to Accel ICIM Frontline Ltd. FTC is a leading IT services company listed on the Singapore Exchange Main Board with a group turnover of US$ 200 Mn. Frontline has operations in five countries spread across the Far East and China.

The joint venture would help Accel ICIM financially as well as for its business expansions. As part of the joint venture agreement, Frontline invested in the equity of Accel ICIM to improve its long-term viability and profitability and introduced an array of new support offerings through the Indian arm.

The name of the company changed to Accel Frontline Limited with effect from 01.11.2005 to reflect the new direction.

The year 2004-2005 witnessed the emergence of the Software Division as a major business unit within Accel Frontline Ltd. The company was assessed at SEI CMMi Level 5 for its Enterprise Software Solutions practice. Major long-term software contracts were awarded to the company and the manpower resource of the software group grew to more than 300 professionals in 2005.

Major steps initiated by the company to improve process quality and manpower competence resulted in the company securing ISO-9001 for its IT Services division and SEI CMMi Level 5 for its Software Division.

For the third year in a row Accel Frontline Ltd was adjudged among the top 10 IT employers in India by Dataquest in September 2005, in its national Employee Satisfaction Survey conducted for the Indian IT Industry.

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