Accel Transmatic

• Accel Transmatic, listed on the BSE, was promoted by Accel Frontline Ltd — a joint venture of Accel Ltd owned by Mr Panicker and Frontline Technologies of Singapore. Now, with Frontline Technologies being taken over by British Telecom, Accel Frontline is set to become a subsidiary of the British telecommunications major.
• The Rs 40-crore company has other divisions too — embedded software and hardware products such as ticket vending machines, both inherited from takeovers, and IT training.
  The Chennai-based animation company Accel Transmatic Ltd is upgrading its infrastructure. Recently, the company has created a motion capture facility at Thiruvananthapuram and is now building an animation facility in Chennai, with an estimated cost of Rs 50 crore.