The Revenue Assurance Services portfolio covers a broad range of audit services across the ticket and order lifecycle, from booking and issuance through travel completion, refunds, exchanges and settlement. These services are supported by recovery processes, including the raising and management of Agent Debit Memos (ADMs), helping airlines improve revenue protection, strengthen controls and recover leakage.
The Companys Cost Management Solutions enable airlines to manage their costs more effectively. It automates the payables process, provides deeper insights into costs, and facilitates wiser, more profitable decisions every day. As a result, airlines can control supplier overpayments and transform their procure-to-pay cycle.
The Company continues to provide Neutral Fare Proration under ATPCOs Revenue Accounting Settlement Services, powered by the industry-recognized APEX® Proration Engine. The proration capability remains strategically important as airlines manage increasingly complex interline, joint venture and order-based settlement scenarios.
As an IATA Strategic Partner, the Company continues to participate in industry engagements that support airline modernization, settlement and financial transformation. These include:
Revenue Accounting
? Advanced FLX ONE Order Accounting from MVP to implementation readiness, with work progressing to broader support for low-cost, full-service and hybrid airline operating models. IATA principles moved beyond is now being positioned for customer demonstrations, RFIs, RFPs proof-of-concept engagements with airlines evaluating the transition to Modern Airline Retailing
? Expanded core order-based finance capabilities covering being support key including Order-to-Cash, Procure-to-Pay, billing and settlement, payment and order reconciliation, compensation management accounting, supplier invoicing, and reporting, aligned with current One Order and operational dashboards with Orders standards.
The Company continues to benefit from deep airline domain expertise, long-standing customer relationships and a strong base of intellectual property. This expertise enables the Company to respond to evolving airline needs and industry standards while supporting customers through complex transformation programs.
Customers continue to engage with the Company on service enhancements, technology modernization and strategic change initiatives. Airline business changes such as PSS migrations, ERP modernization, joint ventures, commercial partnerships and distribution transformation continue to generate demand for change requests, product enhancements and consulting support.
The Company continues to invest in its Order Accounting platform to support anticipated demand from airlines transitioning toward Modern Airline Retailing, NDC, One Order and order-based settlement models.
The Company is well aligned with industry changes related to IATAs Modern Airline Retailing initiatives. Together with Accelya Group capabilities, FLX ONE is positioned as an open and modular platform spanning Offer, Order, Settle and Deliver, enabling airlines to modernize retailing while maintaining financial control and operational continuity.
Accelya Solutions is a neutral service provider, independent of any competing airline. Its platforms and processes are designed to support customers objectively, without dependency on any individual airlines commercial or strategic roadmap.
The Company maintains this impartial position and continues to provide fair, consistent and neutral services to all customers across markets and business models.
The Company takes data privacy and security seriously and maintains relevant controls and certifications, including PCI DSS, ISO 27001 and other applicable information security and privacy frameworks. The Companys products and services are designed to support customer compliance obligations, including GDPR and other data protection requirements. Company will invest further into GDPR compliance through further implementation of robust technical solutions.
Confidentiality and security of customer data remain of utmost importance, and the Company continues to invest in governance, controls, security processes, audit readiness and compliance capabilities.
The Company values long-term customer relationships and continues to build partnerships with leading global airlines. Customers rely on the Companys platforms, services and expertise as they execute business strategies, modernize systems, manage growth and prepare for new industry standards.
The Company is also providing guidance and support as customers evaluate modern retailing and order-based operating models. This transition is expected to transform airline commercial, operational and financial processes, moving progressively from tickets and EMDs toward customer orders and integrated settlement capabilities.
The Company continues to expand engagement with existing customers and prospects, building on its established market position and the momentum created by its broader FLX ONE and financial platform strategy.
Accelya Solutions offers many of its solutions on usage-based commercial models, enabling airlines to reduce upfront capital expenditure and align costs more closely with business volumes. This model provides customers with flexibility while supporting recurring revenue visibility for the Company.
Shareholders funds decreased from 25,777.89 lakhs to 23,519.62 lakhs during the year 2025-26.
During the year, Share Capital, and Securities Premium stood at 1,492.69 lakhs and 3,169.84 lakhs respectively.
Presently, Accelya Solutions has 14,926,261 shares (Previous Year 14,926,261) of ?10 each fully paid up.
Accelya Solutions retained earnings as at 30 June, 2026, amount to 16,370.18 lakhs.
As at 30 June 2026, Accelya Solutions book value per share decreased to ?157.57 per share as compared to ?172.70 per share as at 30 June 2025.
During the year, general reserve stands at 2,391.52 lakhs. There is no change to this balance in the current year.
During the year, capital redemption reserve stands at 95.38 lakhs. There is no change to this balance in the current year.
Investment at cost, as at 30 June 2026 stands at 4,741.05 lakhs. Provision of 607.35 lakhs made during the year and 3,532.15 lakhs made during previous years towards impairment against investment made in Accelya Solutions UK Limited, the wholly owned subsidiary of the Company.
During the year, product development cost amounting to ?180.62 lakhs has been capitalised as an intangible asset.
The Company added ?599.89 lakhs to the gross block comprising of ?598.79 lakhs in computers and plant and machinery and ?1.10 lakhs in purchase of office equipment and furniture.
During the year, the Company sold/ disposed of assets with a gross value of ?927.05 lakhs.
The Companys gross block as at 30 June, 2026 stood at ?20,603.37 lakhs as compared to ?21,027.25 lakhs as at 30 June, 2025. The corresponding net block as at 30 June, 2026 is ?1,982.93 lakhs as compared to ?2,519.92 lakhs as at 30 June, 2025.
The Companys net receivables as at June 30, 2026 amounted to ?10,139.62 lakhs as compared to ?8,943.13 lakhs as at June 30, 2025. These debtors are considered good and realisable.
The need for provisions is assessed based on various factors including collectability of specific dues, risk perceptions of the industry in which the customer operates and general economic factors which could affect the customers ability to settle and finally depending on the managements perception of the risk. The total provision for doubtful debts as at 30 June 2026 stands at ?0.10 lakhs compared to ?12 lakhs as at 30 June, 2025.
Trade receivables as a percentage of total revenue is 18.20% as at 30 June 2026 as against 17.24% as at 30 June, 2025.
As at 30 June, 2026 the Companys non-current liabilities amount to ?1,983.08 lakhs as compared to ?5,609.80 lakhs as at 30 June, 2025.
As at 30 June, 2026 the Companys current liabilities amount to ?10,222.22 lakhs as compared to ?11,075.84 lakhs as at 30 June, 2025.
For the year ended 30 June 2026, the Company recorded operating income of ?52,656.91 lakhs.
The Company reported profit before exceptional items and tax of ?14,941.24 lakhs for the year ended 30 June, 2026.
The Company recorded PAT of ?10,306.70 lakhs for the year ended 30 June 2026.
The Company had declared and paid an interim dividend of ?45 per equity share during the year.
As a value innovator, the Company has always believed in developing its own Intellectual Property (IP) and over the years has invested significant number of resources in this development. All these products have been viewed as the best of the breed products by the industry and highly appreciated by the customers.
Details of IPR assets and amortisation are as follows:
| Product IPR | Lakhs |
| Opening Net Block | 1,017.53 |
| Additions | 180.62 |
| Amortisation | 436.32 |
| Closing Net Block | 761.83 |
New providers and existing technology vendors are constantly foraying into the airline IT and finance domain. Accelya Solutions invests in people, solutions and processes to ensure maximum value to its customers. The companys in-depth knowledge of the industry and its requirements makes it the partner of choice for airlines.
The airline industry is amongst the first to be impacted by any major economic or political situations. The Company is in a good position to mitigate this risk. The Company has a global customer base. The company has long term contracts with its customers which generates annuity revenues and provides good visibility on business.
Proposed legislation in certain countries in which the Company operates, may restrict airlines in those countries from outsourcing work to the Company, or may limit its ability to send employees to certain client sites.
The Company has employees of different nationalities which helps in mitigating this risk to a certain extent.
Global cyber security and data privacy threats are ever increasing. The Company has relevant controls and compliances in place to address these. The Companys Privacy Management Program covers continuous risk analysis and mitigation for all its products, services and processes. Our compliance with internationally recognised standards is demonstrated through our SOC 2 Type II attestation and ISO/IEC 27001 and ISO/IEC 27701 certifications.
Being a global organization dealing with global customers, volatility in currency exchange movements may affect the results of Accelya Solutions operations.
The Company has currency hedging policies and practices in place which are regularly reviewed to mitigate this risk.
The Company operates in an industry driven by domain knowledge and intellectual property, and its success depends primarily on its ability to attract and retain talent.
The Companys internal controls are commensurate with its size and the nature of its operations. These have been designed to provide reasonable assurance with regard to recording and providing reliable financial and operational information, complying with applicable statutes, safeguarding assets from unauthorized use, executing transactions with proper authorization and ensuring compliance with corporate policies. The Company has a well-defined delegation of power with authority limits for approving contracts as well as expenditure. Processes for formulating and reviewing annual and long-term business plans have been laid down.
The Companys management assessed the effectiveness of internal control over financial reporting as of 30 June, 2026.
The Company has appointed KNAV & Co LLP to oversee and carry out internal audit of its activities. The audit is based on an internal audit plan, which is reviewed each year and approved by the audit committee. The conduct of internal audit is oriented towards the review of internal controls and risks in the companys operations such as Sales, revenue & customer transactions, Operations (AMS, ITS) review, Financial management controls and treasury functions, procurement and vendor management, regulatory compliance, risk management & governance human resource, payroll and labour laws compliances, admin & facilities management and Information technology (ITGC) & cybersecurity.
The audit committee reviews reports submitted by the management and audit reports submitted by internal auditors and statutory auditors. Suggestions for improvement are considered and the audit committee follows up on corrective action.
Based on its evaluation, the audit committee has concluded that, as of 30 June, 2026, the internal financial controls were adequate and operating effectively.
In FY26, our people continued to be central to Accelyas progress and long-term success. Our human capital strategy remained focused on building an engaged, inclusive, and future-ready workforce, supported by people-first practices, targeted capability development, and a culture that encourages performance, collaboration, and continuous learning.
Throughout the year, we continued to monitor key workforce metrics and align our talent priorities with business needs. Our focus remained on attracting qualified professionals who reflect our values, strengthening retention, and enabling employees to grow with the organization.
Education
| Postgraduates | Engineering / Other Graduates | IATA Certified / Diploma holders | Undergraduates |
| 16% | 73% | 9% | 2% |
Gender
| Men | Women |
| 60% | 40% |
Attrition: FY25-26: 8.0%
| Period | Product & Technology | Managed Services | Business support |
| 2026 (July 2025 to June 2026) | 10.0% | 6.1% | 17.8% |
| 2025 (July 2024 to June 2025) | 10.3% | 6.0% | 14.2% |
| 2024 (July 2023 to June 2024) | 8.7% | 7.3% | 13.1% |
Note: Voluntary attrition
In FY26, we continued to invest in attracting and developing qualified professionals who align with our values and strategic priorities. Through structured learning, mentoring, and targeted development initiatives, we strengthened future-ready capabilities, enhanced the employee experience, and reinforced our position as an employer of choice within the industry.
During the year, we further enhanced our people policies and employee value proposition to support attraction, retention, and development of talent across the organization. Our continued focus was on building a collaborative, transparent, and performance-oriented culture that enables innovation, agility, and sustained business outcomes. Key highlights from FY26 include:
Employee Well-being Programs: We further strengthened our well-being framework with expanded initiatives focused on physical, emotional, and mental wellness. In FY26, this included continued access to Employee Assistance Program support, providing employees with confidential counselling, guidance, and resources to manage personal, emotional, financial, and work-related concerns. The program placed increased emphasis on preventive care, mindfulness, resilience, and accessible support mechanisms that promote overall employee well-being.
Sports Connect Initiatives: Our sports connect initiatives continued to serve as important engagement platforms in FY26. These activities promoted teamwork, collaboration, and a stronger sense of community, while contributing to improved morale, inclusion, and employee connection across the workplace.
Career Development Opportunities: We continued to expand career development opportunities through enhanced access to internal mobility, upskilling programs, and leadership pathways. These initiatives empowered employees to take ownership of their growth and explore meaningful career progression within the organization.
FY26 was a year of continued innovation and digital advancement across Accelyas HR technology landscape. Building on our Workday foundation, we delivered a range of enhancements that simplified processes, improved integrations, employee and manager experiences, and strengthened global standardization and compliance. We launched the Manager Insights Hub and HR Partner Hub, providing leaders and HR teams with centralized access to workforce analytics, dashboards, discovery boards, and actionable people insights. We also expanded employee listening through Workday Peakon, by including new onboarding feedback mechanisms to continuously improve the employee onboarding experience.
Artificial Intelligence became an increasingly important component of our HR strategy during the year. We introduced AI-enabled employee support through HR Genie, expanded the use of AI capabilities within Workday, and progressed the implementation of HiredScore, an AI-powered recruiting platform designed to enhance hiring efficiency and talent outcomes. These investments support our broader objective of creating a more intelligent, data-driven, and employee-centric HR ecosystem.
Our reporting and analytics capabilities continued to evolve, providing leaders with real-time access to critical workforce data and insights. Through enhanced dashboards, discovery boards, and advanced reporting solutions, HR and business leaders are better equipped to make informed decisions, monitor organizational health, support workforce planning, and drive business performance through data-led people strategies.
The Accelya Academy continues to play a pivotal role in enabling business transformation by building the capabilities, leadership, and skills required to support Accelyas strategic priorities. During FY26, the Academy evolved beyond traditional learning delivery to become a key driver of workforce readiness, AI adoption, leadership effectiveness, career mobility, and organizational performance.
As the organization continues to navigate rapid technological change, evolving customer expectations, and workforce transformation, the Academy has focused on creating measurable business impact through skills development, immersive learning experiences, workforce intelligence, and targeted capability-building initiatives. This strategic shift reinforces learning as a core business enabler and positions the Academy at the center of Accelyas transformation agenda.
FY26 marked a significant acceleration of Accelyas AI enablement journey. The Academy led the design and deployment of one of the organizations most ambitious capability-building programmes, creating broad-based AI awareness, role-based learning pathways, practical application workshops, and leadership-focused AI education.
The Academy embraced AI not only as a topic for learning but also as a mechanism for transforming how learning is designed and delivered. AI-powered content creation, digital coaching agents, immersive simulations, interactive product demonstrations, gamified learning, and intelligent learning pathways were introduced to improve engagement, increase scalability, and accelerate capability development. These innovations have significantly improved the speed and effectiveness with which learning solutions can be deployed across the organization.
Strategic partnerships with platforms including Pluralsight and LinkedIn Learning continued to provide employees with access to industry-recognized learning pathways in cloud technologies, data, cybersecurity, AI, software engineering, leadership, and professional skills, supporting the development of future-critical capabilities across the enterprise.
The Academys future skills agenda remains focused on ensuring employees are equipped to thrive in an increasingly digital and AI-enabled workplace, while supporting business innovation and long-term competitiveness.
Developing exceptional leaders remains a cornerstone of Accelyas people strategy. During FY26, the Academy expanded and embedded its leadership curriculum, creating a structured ecosystem of development opportunities designed to support leaders at every stage of their journey.
Building on the successful launch of Accelyrate, the organizations flagship leadership programme, the Academy continued to strengthen leadership capability through a blend of classroom experiences, virtual learning, coaching, practical application, and peer collaboration. The programme focuses on the capabilities required to build high-performing teams, lead through change, create psychological safety, drive accountability, and foster a culture of ownership and continuous improvement.
Several new leadership interventions were launched throughout the year, including Brave Conversations, Managing High Performance, Coaching for Success, and Effective Presentation Skills, helping leaders strengthen communication, coaching, feedback, influence, and performance management capabilities.
The Academy also continued to invest in future leadership pipelines through targeted development experiences for emerging leaders and high-potential talent. Together, these initiatives support Accelyas ambition to build a consistently high-performing leadership community capable of navigating complexity, accelerating transformation, and delivering sustained business results.
A key focus for FY26 was empowering employees with greater visibility of career opportunities, development pathways, and future skills requirements.
The Academy partnered closely with Talent Management and business leaders to introduce Career Labs, creating structured opportunities for employees to explore career pathways, understand role expectations, identify skill gaps, and build personalized development plans. These initiatives provide greater transparency around career progression while helping leaders make more informed decisions regarding talent development, succession planning, and workforce readiness.
This work forms part of Accelyas broader transition towards a skills-based organization. Through enhanced workforce intelligence capabilities, skills analysis, and role-based capability frameworks, the Academy is helping connect business strategy, workforce planning, learning investments, and career growth into a single integrated talent ecosystem.
The Academy also continued to strengthen mentoring, coaching, certification pathways, and self-directed learning opportunities, ensuring employees have access to the resources and support required to own their professional development and build future-ready careers.
By aligning skills, development opportunities, performance expectations, and workforce planning, Accelya is creating a more agile, adaptable, and resilient workforce prepared to meet evolving business needs.
The Product, Technology and Customer Enablement portfolio experienced significant growth during FY26, supporting both internal capability development and customer success objectives.
The Academy continued its investment in immersive, simulation-based learning, expanding advanced product certification pathways and practical learning experiences that accelerate time-to-competency and improve knowledge application. Learners are increasingly able to develop expertise through realistic scenarios, hands-on simulations, and experiential learning environments that mirror real customer situations and operational challenges.
The Academy also expanded specialized development pathways across engineering, product management, customer success, quality engineering, business analysis, project management, service management, agile delivery, cloud technologies, and AI.
A significant area of focus was the continued evolution of the HPEL development framework, providing structured learning journeys and career development experiences for engineering populations across the organization. Through enhanced onboarding, technical capability development, knowledge-sharing initiatives, certification pathways, and targeted learning interventions, the Academy continued to strengthen engineering excellence and support the growth of future technical talent.
Innovation and collaboration were further reinforced through Accelyas annual global Hackathon programme, which again brought together employees from across functions and geographies to solve business challenges through creativity, technology, and teamwork all focused on the power of AI. The initiative demonstrated the depth of talent across the organization while fostering a culture of experimentation, innovation, and continuous improvement. The winning concept leveraged blockchain technology to enhance cargo operations, showcasing how employee innovation can contribute directly to future business opportunities.
The Academy also continued expanding customer-facing enablement, providing product learning experiences, client onboarding support, and certification frameworks designed to accelerate customer adoption and maximize value realization from Accelyas solutions.
As Accelya continues its transformation journey, the Academy remains focused on enabling a high-performing, AI-ready, skills-based organization. Through continued investment in leadership capability, workforce intelligence, future skills, career development, and product excellence, the Academy is creating a scalable capability ecosystem that supports organizational agility, accelerates innovation, and strengthens Accelyas ability to deliver exceptional outcomes for customers, employees, and shareholders.
With employees across the globe, we continue to strengthen communication and engagement by keeping our people informed, increasing transparency, and creating opportunities for meaningful connection.
We have revamped the quarterly all-employee call, providing the teams with insight into company performance, industry insights and Accelya quarterly Award Winners. We launched an employer branding initiative, aiming to bring a personable approach to our communications, both internally and externally. We have further strengthened our intranet with the development of a Culture and Engagement site and continue to provide regular updates from the CEO.
At Accelya we embrace diversity and equality in all aspects of our business. We are committed to building a team with a variety of backgrounds, skills, and views - a place where every employee can be themselves so they can reach their full potential and help us achieve our business goals.
This year we achieved Excelling status on the Vista Diversity & Inclusion Index and have continued our ERG activities in Mumbai and Pune, where members are also offered to participate in the ERG Mentoring Program.
Pune & Mumbai continue to be active in the Corporate Social Responsibility space, undertaking a number of volunteering activities and donations to the designated charities supporting education.
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