Company Intelligence Profile
Accelerate Productx Ventures Private Limited
Accelerate Productx Ventures Pvt Ltd is the corporate entity behind "New Shop" (newshop.in), described on its own site as "India's leading chain of 24/7 convenience stores" operating in urban locations and transit hubs (airports, railway stations), selling hot food-on-the-go, snacks, beverages, ice creams, imported/gr…
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Accelerate Productx Ventures Private Limited |
|---|---|
| CIN | U74999DL2019PTC346742 |
| PAN | AARCA9982D (single source - Tofler; not corroborated elsewhere - partial) |
| Status | Active (Compliant) |
| Listing | Unlisted private limited company |
| Incorporated | 28 February 2019 |
| ROC | RoC Delhi |
| Sector (NIC) | CIN activity code U74999 (Other business activities n.e.c.); Tofler/TheCompanyCheck classify actual operating business as Food & Beverage / Retail Trade of Food Products (Wholesale/Retail Trading, Trade group G) - runs the "New Shop" 24x7 convenience store chain |
| Registered address | C-39, East of Kailash, New Delhi, South Delhi, Delhi - 110065 (confirmed identical on Tofler, TheCompanyCheck, and matches an address listed on operating brand newshop.in) |
| Authorized capital | Rs 11.2 lakh |
| Paid-up capital | Rs 4.34 lakh |
Business Overview
Partial / conflicting- Accelerate Productx Ventures Pvt Ltd is the corporate entity behind "New Shop" (newshop.in), described on its own site as "India's leading chain of 24/7 convenience stores" operating in urban locations and transit hubs (airports, railway stations), selling hot food-on-the-go, snacks, beverages, ice creams, imported/grocery products, plus ATM, printing and courier services
- Tofler tags the company as a DPIIT-recognised startup with associated brands "ProductX Ventures" and "New Shop." Direct name-link between the legal entity and the newshop.in site was not found on the site itself
- the match is inferred from an identical registered address (C-39 East of Kailash) shared by the legal entity and one of New Shop's listed office addresses, plus Tofler's brand tagging - treat as high-confidence but not 100% primary-source confirmed
Directors
Partial / conflicting| Name | DIN | Role | Appointed |
|---|---|---|---|
| Charak Almast | 06464755 | Director since 28 Feb 2019 ~7 yrs 5 months | - |
| Mani Dev Gyawali | 08071214 | Director since 28 Feb 2019 | - |
| Aastha Almast | 00429513 | Director since 28 Feb 2019 All three are also listed as shareholders promoter-directors per TheCompanyCheck. No resignations/other directorships reported by sources fetched. | - |
Financials
Partial / conflictingFY2024 (year ended 31 Mar 2024) - figures conflict between the two sources fetched, flagged as a source conflict, not independently resolved:
| Tofler | Revenue ~Rs 8.25 crore, down ~80% YoY; EBITDA and Net Profit locked behind premium paywall; Total assets not disclosed |
|---|---|
| TheCompanyCheck | Operating revenue band "Rs 1-100 cr"; revenue growth of ~187.32% noted (contradicts Tofler's -80% YoY figure); borrowings reduced ~92.79%; total assets up ~267.35%; debt-to-equity ratio 1.47 |
Standalone vs consolidated: not specified by either source. Net worth: not obtained. Auditor (FY2023, per Tofler): Shailendra K Jain & Associates. EPFO headcount ~20 employees as of 07 Apr 2024 (Tofler). Given the direct contradiction on revenue trend, treat all FY2024 figures as unverified/partial.
Charges & Borrowings
Partial / conflictingOpen charges reported (source conflict between the two trackers on amounts/lender set - not reconciled):
| Tofler | Total open charges Rs 52.51 lakh - Axis Bank Ltd Rs 32.51 lakh (created 21 Aug 2025); Indian Overseas Bank Rs 10 lakh (09 Apr 2025); Other/unnamed lender Rs 10 lakh (13 Oct 2020). Satisfied charges: Rs 0 |
|---|---|
| TheCompanyCheck | Only shows Indian Overseas Bank, 2 charges totaling ~Rs 0.2 cr (~Rs 20 lakh) dated 09 Apr 2025 and 13 Oct 2020 - no mention of the Axis Bank charge Tofler lists |
Given the discrepancy (Tofler shows an additional, larger Axis Bank charge not present on TheCompanyCheck), treat charge details as partial/unverified pending a primary MCA filing check (not performed - MCA is on the blocked-source list for this workflow).
Legal (Indian Kanoon)
ConfirmedMultiple Delhi High Court (and one Allahabad High Court) matters found on Indian Kanoon (25 total results reported; representative entries below) - mostly arbitration petitions filed BY the company against counterparties, i.e. likely vendor/franchise disputes, plus one matter where the company is respondent:
- Disha Rastogi vs Accelerate Productx Ventures Pvt Ltd (Delhi HC, hearings 16 Jan 2026 & 24 Feb 2026) - company as respondent.
- Accelerate Productx Ventures Pvt Ltd vs Reejh Essentials - ARB.P. 259/2024, Delhi HC (28 Feb 2024, 19 Jul 2024).
- Accelerate Productx Ventures Pvt Ltd vs Vipin Tripathi - ARB.P. 1571/2024, Delhi HC (16 Jul 2025).
- Accelerate Productx Ventures Pvt Ltd vs Samsara Retail Ventures - ARB.P. 1554/2024, Delhi HC (06 Mar 2025).
- Accelerate Productx Ventures Pvt Ltd vs Gill Ventures - ARB.P. 350/2024, Delhi HC (12 Mar 2024, 20 May 2024, 28 Aug 2024).
- M/S Accelerate Productx Ventures vs State of Uttar Pradesh - writ petition, Allahabad HC (22 Sep 2025).
Not independently verified beyond Indian Kanoon's search-result summary; case outcomes/status not confirmed.
Competitors
Partial / conflictingNot directly sourced to Accelerate Productx Ventures / New Shop specifically - based on general market knowledge of India's 24x7/travel-retail convenience-store segment, offered as indicative peers only: 1. 24Seven (Future Group-promoted 24-hour convenience chain) - similar/larger urban footprint, legacy brand. 2. In & Out (RPSG Group convenience stores) - comparable urban convenience format, larger corporate backing. 3. WHSmith India - dominant player in airport/travel-retail convenience & bookstore format, larger scale. 4. SSP India - major airport food & beverage/travel-retail operator, larger scale. 5. Nature's Basket - premium urban convenience/grocery format, comparable-to-larger scale. 6. Lite Bite Foods (airport F&B kiosks/QSR) - overlapping transit-hub food retail, larger scale. Treat this list as illustrative market context, not verified competitive intelligence.
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