About AI Engineering Services Limited
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AI Engineering Services Limited is a public limited union government company based in Delhi, India, a subsidiary of Ai Assets Holding Limited. It operates in the repair and overhaul segment of the transport and logistics sector. It was incorporated on 11 March 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74210DL2004GOI125114. Its GSTIN is 07AAFCA9618L2Z9 (Delhi). The company holds 34 GST registrations, of which 31 are active.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹166.67 Cr. It was formerly known as Air-India Engineering Services Limited. It is led by directors including Nayonika Dutta and Padam Lal.
Its last annual general meeting (AGM) was held on 20 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2nd Floor Cra Building, Safdarjung Airport Area, Delhi, India – 110003.
As per the financials filed for FY 2024, the company reported a revenue of ₹2,180.35 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹254.99 Cr (net margin 11.7%) and EBITDA of ₹615.1 Cr (EBITDA margin 28.2%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 13% over five years.
The company has about 4,528 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: AIESL. Court records list 109 cases involving the company, including 17 filed by the company and 93 filed against it; 41 cases are pending. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in January 2022. The company has 10 MSME Form 1 returns on record between 2021 and 2024, listing 108 overdue payments to 41 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aiesl.airindia.in.
Company details
Name history
AI Engineering Services has undergone 2 name changes throughout its history. The company was previously known as Air-India Engineering Services Limited, and Ai Engineering Services Limited. The current legal name is Ai Engineering Services Limited.
| Company Name | Status |
|---|---|
| AI Engineering Services Limited | Current |
| Air-India Engineering Services Limited | Previous |
CIN history
AI Engineering Services has one previous CIN (Corporate Identification Number): U74210DL2004PLC125114. The current CIN is U74210DL2004GOI125114, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74210DL2004GOI125114 | Current |
| U74210DL2004PLC125114 | Previous |
Contact details
AI Engineering Services Limited's registered office is in Delhi, Delhi. Its website is aiesl.airindia.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2nd Floor Cra Building, Safdarjung Airport Area, Delhi, India – 110003
- IndustryTransport and Logistics, Repair & Overhaul, Aircraft Maintenance
To see the full contact details of AI Engineering Services Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of AI Engineering Services is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of AI Engineering Services Limited, buy the company report.
Financials of AI Engineering Services Limited
FY 2024 filings availableAI Engineering Services Limited reported revenue of ₹2,180.35 Cr (up 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 7% growth in the latest year. EBITDA fell 45% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹615.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹254.99 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.2% | ||||
| Net Profit Margin | 11.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of AI Engineering Services Limited, buy the company report.
Board of directors and KMP of AI Engineering Services Limited
AI Engineering Services Limited currently reports 5 directors and 1 key managerial person. 45 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Kumar Jain | Cfo | 20 May 2022 | 4 Years 5 Months | Current |
| Nayonika Dutta | Nominee Director | 12 Feb 2024 | 2 Years 8 Months | Current |
| Padam Lal Also directs: Indian Renewable Energy Development Agency Limited, Solar Energy Corporation of India Limited, Pawan Hans Limited and 2 more | Nominee Director | 18 Jan 2023 | 3 Years 9 Months | Current |
| Shobhit Gupta Also directs: AI Airport Services Limited, AI Assets Holding Limited | Nominee Director | 25 May 2024 | 2 Years 5 Months | Current |
| Amit Kumar Also directs: AI Airport Services Limited, AI Assets Holding Limited, Alliance Air Aviation Limited and 1 more | Nominee Director | 13 Mar 2025 | 1 Years 7 Months | Current |
| Manoj Kumar Also directs: AI Airport Services Limited, AI Assets Holding Limited | Nominee Director | 28 Feb 2025 | 1 Years 7 Months | Current |
Auditor
AI Engineering Services Limited is audited by AAJV AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AAJV AND ASSOCIATES | FY 2023 | FRN007739N |
Shareholding
The shareholding of AI Engineering Services Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of AI Engineering Services Limited, buy the company report.
Deals & funding
AI Engineering Services Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in January 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Secondary share transfer | Undisclosed | Buyer: AI Assets Holding Limited Seller: Air India Limited |
| Mar 2016 | Rights issue | ₹166.62 Cr | Investors: Air India Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
AI Engineering Services Limited has 109 court cases on record: 17 filed by AI Engineering Services, 93 filed against it. 41 cases are pending and 68 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 80 | 77 | 28 |
| District courts | 22 | 9 | 11 |
| Supreme Court | 7 | 7 | 2 |
Cases on record (5 of 109)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Writ petition | Filed against the company by Professional Hospitality Services Pvt Ltd. Represented by Its Managing Director, | Pending |
| Supreme Court | Court case (0104-Labour Matters : Matters relating to wages, bonus, ad-hoc, casual daily wages & their regularisation) | Filed by the company against Niraj Kumar Sahu Deputy Chief Engineer Air India Engineering Services Ltd., Chackal JN., Opposite K.S.E.B. Office, Thiruvananthapuram- 695 007 ,Thiruvananthapuram , Kerala and 12 others | Disposed |
| High Court of Kerala | Writ petition | Filed against the company by an individual | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Air India Limited | Pending |
| High Court of Delhi | Court case (CONT.CAS(C)) | Filed by the company against All India Aircraft Maintenance Engineering Union (Aiameu) & Ors. | Pending |
To see the full case history of AI Engineering Services Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
AI Engineering Services Limited has 10 MSME Form 1 returns on record between 2021 and 2024, listing 108 overdue payments to 41 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Avia Xpert Private Limited | |||
| Jay Instruments and Systems Private Limited | |||
| an individual supplier | |||
| Mangal Security Products |
To see the full MSME payment records of AI Engineering Services Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
AI Engineering Services Limited has a workforce of 4,528 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
AI Engineering Services has 34 GST registrations: 31 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAFCA9618L2Z9 | Delhi | Active | 01 Jul 2017 |
| 19AAFCA9618L1Z5 | West Bengal | Active | 01 Jul 2017 |
| 27AAFCA9618L1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 29AAFCA9618L1Z4 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of AI Engineering Services Limited, buy the company report.
Recent activity
AI Engineering Services Limited has 43 board changes on record since 2008: 6 appointments and 37 cessations. The latest: Rakesh Kumar Jain ceased to be CFO on 09 Jan 2026.
34 earlier events are in the company report.
Frequently asked questions
AI Engineering Services is an active public limited union government company based in Delhi, India. The company works in repair and overhaul, within the transport and logistics industry. It was incorporated on 11 March 2004 (22+ years old) and is registered under CIN U74210DL2004GOI125114.
AI Engineering Services has 6 current directors and KMP:
- Nayonika Dutta - Nominee Director
- Padam Lal - Nominee Director
- Shobhit Gupta - Nominee Director
- Amit Kumar - Nominee Director
- Manoj Kumar - Nominee Director
- Rakesh Kumar Jain - Cfo
The latest financial statements of AI Engineering Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 20 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of AI Engineering Services is 07AAFCA9618L2Z9, registered in Delhi. The company has 34 GST registrations in all, of which 31 are active and 3 are cancelled or inactive. Other active GSTINs include 19AAFCA9618L1Z5 (West Bengal), 27AAFCA9618L1Z8 (Maharashtra), 29AAFCA9618L1Z4 (Karnataka).
The CIN (Corporate Identification Number) of AI Engineering Services is U74210DL2004GOI125114. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
AI Engineering Services has 109 court cases on record: 17 filed by the company and 93 filed against it. 41 are pending. Most are in the high courts.
AI Engineering Services was incorporated on 11 March 2004, making it 22+ years old. It is registered with the Registrar of Companies, Delhi.
AI Engineering Services has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in January 2022.
Rakesh Kumar Jain ceased to be CFO on 09 Jan 2026. Amit Kumar was appointed as Nominee Director on 13 Mar 2025. Asangba Chuba ceased to be Nominee Director on 11 Mar 2025. AI Engineering Services has 43 board changes on record in total.
AI Engineering Services has 10 MSME Form 1 returns on record between 2021 and 2024, listing 108 overdue payments to 41 micro and small suppliers. The latest return was filed on 24 Apr 2024.
AI Engineering Services can be reached through the website aiesl.airindia.in. Its registered office is in Delhi, India.