An acyclic edge coloring of a graph is a proper edge coloring in which there are no bichromatic cycles. The acyclic chromatic index of a graph G denoted by a ′ (G), is the minimum positive integer k such that G has an acyclic edge coloring with k colors. It has been conjectured by Fiamčík that a ′ (G) ≤ ∆ + 2 for any graph G with maximum degree ∆. Linear arboricity of a graph G, denoted by la(G), is the minimum number of linear forests into which the edges of G can be partitioned. A graph is said to be chordless if no cycle in the graph contains a chord. Every 2-connected chordless graph is a minimally 2-connected graph. It was shown by Basavaraju and Chandran that if G is 2-degenerate, then a ′ (G) ≤ ∆ + 1. Since chordless graphs are also 2-degenerate, we have a ′ (G) ≤ ∆ + 1 for any chordless graph G. Machado, de Figueiredo and Trotignon proved that the chromatic index of a chordless graph is ∆ when ∆ ≥ 3. They also obtained a polynomial time algorithm to color a chordless graph optimally. We improve this result by proving that the acyclic chromatic index of a chordless graph is ∆, except when ∆ = 2 and the graph has a cycle, in which case it is ∆ + 1. We also provide the sketch of a polynomial time algorithm for an optimal acyclic edge coloring of a chordless graph. As a byproduct, we also prove that la(G) = ⌈ ∆ 2 ⌉, unless G has a cycle with ∆ = 2, in which case la(G) = ⌈ ∆+1 2 ⌉ = 2. To obtain the result on acyclic chromatic index, we prove a structural result on chordless graphs which is a refinement of the structure given by Machado, de Figueiredo and Trotignon for this class of graphs. This might be of independent interest.