Accelya Solutions India Limited offers technology products and services to airlines and the travel industry. The company's services help airlines, travel agents, and cargo operators improve operational efficiency and streamline business processes.
Accelya's portfolio includes solutions for revenue accounting, cost management, cargo operations, and decision support systems. The company operates worldwide, serving clients in various countries. This makes Accelya a key technology partner for companies in the aviation sector. They focus on creating new solutions to meet the changing needs of this industry.
Milestones & Growth Trajectory
Accelya Solutions India Limited started its journey in 1976 by focusing on providing services for the travel industry. In 2001, the International Air Transport Association (IATA) chose Accelya to develop and run its distribution platform, marking a significant step in its journey. By 2007, Chequers Capital bought Accelya, and in 2010, Accelya expanded its services by acquiring Kale Consultants. This move brought revenue accounting and other services into its portfolio.
In 2017, Warburg Pincus acquired Accelya, adding more services like cargo and loyalty programs. A year later, in 2018, Accelya bought Anari, a company known for revenue integrity solutions.
The growth continued in 2019 when Vista Equity Partners acquired Accelya to allow for long-term commitment to airline technology solutions. In 2020, Accelya expanded its digital transformation capabilities by acquiring Farelogix, a leader in NDC and offer/order management.
Key Offerings
Accelya Solutions India Limited is known for its various products, services, and solutions tailored to the airline and travel industry. Their offerings stand out for covering the entire airline commerce cycle, showcasing a deep understanding of the sector's challenges.
One of their key solutions is in revenue accounting and management. This helps airlines accurately manage their earnings and comply with regulations, making operations smoother and reducing costs. They also offer cargo management services that help maximize efficiency and profitability in cargo operations to improve their cargo services.
In addition to that, Accelya provides loyalty and customer management solutions, helping airlines keep their customers happy and loyal. The acquisition of Farelogix has pushed Accelya into a leading position in digital transformation. This enables airlines to modernize their sales and distribution through NDC (New Distribution Capability) and offer/order management solutions.
Partnerships & Collaborations
Accelya's partnerships and collaborations highlight its significant reach and influence in the aviation and travel industry. A notable partnership is with IATA (International Air Transport Association), for which Accelya has developed and operates the BSPLink, IATA's distribution platform.
Another big step for Accelya was buying Farelogix, which made them stronger in areas like NDC (New Distribution Capability) and offer/order management. This move has helped airlines improve how they sell and distribute their services online.
Accelya helps over 250 airlines and 400 distribution partners all over the world. This includes big international airlines, smaller regional ones, and cargo companies. They provide solutions that meet the specific needs of different parts of the aviation industry.
By working with IATA, buying Farelogix, and serving several customers, ACCELYA shows its important role in making airline operations more efficient and helping the industry embrace digital changes.
Financial Performance
The company's revenue reached ₹1.25 billion in Q2 2024, growing 11% year-over-year. Their net income increased by 23% to ₹309.3 million, with profit margins rising to 25%. The earnings per share improved to ₹20.72 from ₹16.89 in Q2 2023. As of 1 April 2024, Accelya Solutions India Limited share price is around 1758.70 INR.
Its financial health is strong, shown by a high Return on Equity of 46.66% and a healthy current ratio of 1.78. They have no debt, as indicated by a Debt to Equity ratio of 0. The company also offers a dividend yield of 3.82%, paying out ₹65 per share. The share price of Accelya Solutions indicates the current market trends and performance of the Indian travel industry.
Final Words
Accelya Solutions India Limited stands out in its field because of its commitment to innovation and various solutions. This commitment has made it a key player globally in the airline and travel industry. The company is dedicated to offering advanced technology and services that meet the changing needs of this sector. Its financial performance and growth show how significant and impactful Accelya is in its industry.