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…
Last updated 6 August 2026
Accelerate Productx Ventures Private Limited operates "New Shop," a leading chain of 24/7 convenience stores in India, located in urban areas and transit hubs. The company provides a range of products including hot food, snacks, and beverages. Despite conflicting financial reports for FY2024, the company remains recognized as a startup under India's DPIIT regulations.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Accelerate Productx Ventures Private Limited |
|---|---|
| CIN | U74999DL2019PTC346742 |
| PAN | AARCA9982D |
| 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.) |
| Registered address | C-39, East of Kailash, New Delhi, South Delhi, Delhi - 110065 |
| Authorized capital | Rs 11.2 lakh |
| Paid-up capital | Rs 4.34 lakh |
Business Overview
- 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
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Charak Almast | 06464755 | Director | 28 Feb 2019 |
| Mani Dev Gyawali | 08071214 | Director | 28 Feb 2019 |
| Aastha Almast | 00429513 | Director | 28 Feb 2019 |
Financials
FY2024 (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; 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: Shailendra K Jain & Associates. EPFO headcount ~20 employees as of 07 Apr 2024. Given the direct contradiction on revenue trend, treat all FY2024 figures as unverified/partial.
Charges & Borrowings
Open charges reported:
| 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, treat charge details as partial/unverified pending a primary MCA filing check.
Legal (Indian Kanoon)
Multiple 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
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