Accel

Accel Limited announced its unaudited financial results for the quarter and half year ended September 30, 2025. The company reported standalone revenue from operations of Rs 3,865.69 lakhs for the quarter compared to Rs 4,326.00 lakhs in the previous quarter. Net profit for the quarter stood at Rs 121.32 lakhs versus Rs 89.55 lakhs in the prior quarter. For the half year, revenue reached Rs 7,845.62 lakhs with net profit of Rs 210.87 lakhs. The company operates through three segments: Realty, IT Services, and Media Services. In a significant leadership change, Rajesh K Nandhi resigned as Chief Financial Officer effective October 31, 2025, citing personal reasons. The Board appointed Senthil R, General Manager-Finance, as the new CFO with immediate effect. Senthil R is a qualified FCA with over 15 years of experience in finance, accounts, and compliance across various verticals. The company also disclosed ongoing merger proceedings with subsidiary Accel Media Ventures Limited, with final hearing scheduled for December 10, 2025. Auditors have raised qualifications regarding loan recoverability from subsidiaries amounting to Rs 680.02 lakhs and investment valuation concerns.

Accel Limited announced that Chief Financial Officer Rajesh K Nandhi has resigned from his position due to personal reasons, effective from the closing hours of October 31, 2025. The company is currently in the process of identifying a suitable replacement for the CFO position. Nandhi submitted his resignation letter to the Board of Directors, requesting relief from his responsibilities as Chief Financial Officer and Key Managerial Personnel.

Global venture capital firm Accel and technology investor Prosus announced a strategic global alliance to co-invest in early-stage Indian startups through an expanded Atoms X programme. Under the partnership, Prosus will match Accel's investments in selected startups, providing continuous funding from seed stage to scale. The collaboration targets LeapTech companies that combine engineering and scientific breakthroughs to solve problems at India's scale. Accel brings founder-first expertise in nurturing Indian startups from early stages, while Prosus contributes patient capital and global reach. This represents Prosus's first collaboration of this kind globally, focusing on founders building solutions from science and engineering principles.