About Ashley Aviation Limited
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Ashley Aviation Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Ashok Leyland Limited. It operates in the air charter and private aviation segment of the transport and logistics sector. It was incorporated on 18 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U66030TN2008PLC122350. Its GSTIN is 33AACCH0229B1ZF (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹55.9 Cr and a paid-up capital of ₹45.9 Cr. It was formerly known as Hinduja General Insurance Company Limited. It is led by directors including Natarajan Ramanathan and Kaniyur Chandrasekaran Sathiyanarayanan.
Its last annual general meeting (AGM) was held on 09 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.1 Sardar Patel Road Guindy, Chennai, Tamil Nadu, India – 600032.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.15 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹4.75 Cr (net margin -52%) and EBITDA of -₹2.51 Cr (EBITDA margin -27.5%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ashok Leyland. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 2 cases are pending. The company has 10 deals on record (4 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.75 Cr; the latest was in March 2021. Its 4 peer companies in the Aviation industry (Charter Services), with the same principal business activity (air transport) are compared by revenue, 3 larger and 1 smaller; the largest is Foresee Aviation Private Limited with revenue of ₹10.37 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 5 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashokleyland.com.
Company details
CIN history
Ashley Aviation has one previous CIN (Corporate Identification Number): U66030MH2008PLC180206. The current CIN is U66030TN2008PLC122350, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66030TN2008PLC122350 | Current |
| U66030MH2008PLC180206 | Previous |
Contact details
Ashley Aviation Limited's registered office is in Chennai, Tamil Nadu. Its website is ashokleyland.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.1 Sardar Patel Road Guindy, Chennai, Tamil Nadu, India – 600032
- IndustryTransport and Logistics, Air Charter & Private Aviation
To see the full contact details of Ashley Aviation 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
Brands
Ashley Aviation operates one associated brand: Ashok Leyland. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Commercial buses and trucks are manufactured by Ashok Leyland. | ashokleyland.com |
Business activity
The main business activity of Ashley Aviation is transport and storage. In detail, this covers air transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H4 | Air transport |
To see the full business activity and turnover split of Ashley Aviation Limited, buy the company report.
Financials of Ashley Aviation Limited
FY 2025 filings availableAshley Aviation Limited reported revenue of ₹9.15 Cr (down 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA rose 11% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹2.51 Cr | ||||
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| Net Profit (PAT) | -₹4.75 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -27.5% | ||||
| Net Profit Margin | -52% | ||||
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To see the full financial statements and ratios of Ashley Aviation Limited, buy the company report.
Board of directors of Ashley Aviation Limited
Ashley Aviation has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Natarajan Ramanathan Also directs: Adyar Property Holding Company Private Limited | Director | 15 May 2019 | 7 Years 5 Months | Current |
| Kaniyur Chandrasekaran Sathiyanarayanan Also directs: Albonair (India) Private Limited | Director | 15 May 2019 | 7 Years 5 Months | Current |
| Sasikumar Thekkedath | Director | 15 May 2019 | 7 Years 5 Months | Current |
Peer comparison
Ashley Aviation Limited is compared with the 4 companies closest to it by revenue in the Aviation industry (Charter Services), with the same principal business activity (air transport), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Foresee Aviation Private Limited | ₹10.37 Cr (FY 2025) | -11.0% | New Delhi, Delhi, India | |||
| Oss Aviation Private Limited | ₹9.84 Cr (FY 2018) | 605.0% | Madhya Pradesh, India | |||
| Shivan Aadithya Air Services Private Limited | ₹9.24 Cr (FY 2025) | 133.0% | Tirupur, Tamil Nadu, India | |||
| Ashley Aviation Limitedthis company | ₹9.15 Cr (FY 2025) | -₹4.75 Cr | -52% | -12.0% | 11 | Chennai, Tamil Nadu, India |
| Mach Charters Private Limited | ₹7.76 Cr (FY 2023) | 181.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Ashley Aviation Limited, buy the company report.
Auditor
Ashley Aviation Limited is audited by MANUBHAI & SHAH LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANUBHAI & SHAH LLP | FY 2024 | 106041W/W100136 |
Shareholding
The shareholding of Ashley Aviation Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashley Aviation Limited, buy the company report.
Deals & funding
Ashley Aviation Limited has 10 deals on record (4 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.75 Cr; the latest was in March 2021.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Rights issue | ₹8.94 Cr | Investors: Ashok Leyland Limited |
| Mar 2019 | Acquisition | ₹9.34 Cr | Buyer: Ashok Leyland Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Ashok Leyland Limited Seller: an individual |
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: Ashok Leyland Limited Seller: an individual |
| Dec 2018 | Secondary share transfer | Undisclosed | Buyer: Ashok Leyland Limited Seller: an individual |
To see the full deal history of Ashley Aviation Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ashley Aviation Limited has 2 court cases on record: 1 filed by Ashley Aviation, 1 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Bird Execujet Airport Services Pvt Ltd. | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Bird Execujet Airport Services Private Ltd | Pending |
To see the full case history of Ashley Aviation 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
Ashley Aviation Limited has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 5 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Indamer Mjets Airport Services Private Limited |
To see the full MSME payment records of Ashley Aviation Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ashley Aviation Limited has a workforce of 11 employees on its EPFO records as of Apr 09, 2025, across 1 active EPFO establishment.
GST
Ashley Aviation has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCH0229B1ZF | Tamil Nadu | Active | 01 Aug 2018 |
To see the full GST registrations and return filing status of Ashley Aviation Limited, buy the company report.
Recent activity
Ashley Aviation Limited has 15 board changes on record since 2010: 3 appointments and 12 cessations. The latest: Kaniyur Chandrasekaran Sathiyanarayanan ceased to be Additional Director on 30 Aug 2019.
6 earlier events are in the company report.
News
Frequently asked questions
Ashley Aviation is an active public limited company based in Chennai, Tamil Nadu, India. The company works in air charter and private aviation, within the transport and logistics industry. It was incorporated on 18 March 2008 (18+ years old) and is registered under CIN U66030TN2008PLC122350.
Ashley Aviation has 3 current directors:
- Natarajan Ramanathan - Director
- Kaniyur Chandrasekaran Sathiyanarayanan - Director
- Sasikumar Thekkedath - Director
The latest financial statements of Ashley Aviation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 09 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashley Aviation is 33AACCH0229B1ZF, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ashley Aviation is U66030TN2008PLC122350. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashley Aviation has 2 court cases on record: 1 filed by the company and 1 filed against it. 2 are pending.
Ashley Aviation was incorporated on 18 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chennai.
Ashley Aviation has 10 deals on record (4 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.75 Cr; the latest was in March 2021.
The peers of Ashley Aviation by revenue are Foresee Aviation Private Limited, Oss Aviation Private Limited, Shivan Aadithya Air Services Private Limited, Mach Charters Private Limited, all in the Aviation industry (Charter Services), with the same principal business activity (air transport).
Kaniyur Chandrasekaran Sathiyanarayanan ceased to be Additional Director on 30 Aug 2019. Natarajan Ramanathan ceased to be Additional Director on 30 Aug 2019. Sasikumar Thekkedath ceased to be Additional Director on 30 Aug 2019. Ashley Aviation has 15 board changes on record in total.
Ashley Aviation has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 5 overdue payments to 1 micro and small supplier. The latest return was filed on 26 Apr 2021.
Ashley Aviation can be reached through the website ashokleyland.com. Its registered office is in Chennai, Tamil Nadu, India.
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