The company was promoted to develop and manufacture professional electronic products and communication systems in the state of Kerala, India.
In 1991 TDICI, the venture capital arm of ICICI provided funding for expansion/diversification to manufacture High Speed Dot matrix printers in collaboration with OutPut Technology Corporation (OTC) of USA.
It approached Accel Limited, an established IT business group based in Chennai for a possible acquisition of the company.
In 2007, Accel Transmatic expanded its animation production by opening up a motion-capture facility in the Kinfra-Film & Video Park in Thiruvananthapuram.
[3] In 2011, Accel Transmatic after completing necessary approvals from Shareholders and board decided to shut Software Operations (Technologies Division – including overseas subsidiary, Accel North America, Inc.), to focus better on Animation and Media Company.