MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0060769
Million-Air Jets Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹55.27 Cr
▼ 22% YoY
Net loss · FY 2024
₹47.83 Lakh
Net margin -0.9%
EBITDA · FY 2024
₹1.01 Cr
EBITDA margin 1.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Million-Air Jets Private Limited
Data last updated:
Million-Air Jets Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the air charter and private aviation segment of the transport and logistics sector. It was incorporated on 06 September 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U62100MH2019PTC330260. Its GSTIN is 27AAMCM9271E1Z3 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Parita Sehgal and Vineet Sehgal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Office – 1 1st Floor Sbi Employees Nilambari Veer Markand Ghanekar Marg Vile Parle East, Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2024, the company reported a revenue of ₹55.27 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net loss of ₹47.83 Lakh (net margin -0.9%) and EBITDA of ₹1.01 Cr (EBITDA margin 1.8%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years.
The company is associated with 1 brand: Million Air. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
Million-Air Jets Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0060769). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website million-air-jets-pvt-ltd.business.site.
Company details
CIN U62100MH2019PTC330260
Registration Number 330260
Incorporation Date 06 September 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0060769
Key People
Parita Sehgal Director Vineet Sehgal Director Recognitions & Rankings of Million-Air Jets
Contact details
Million-Air Jets Private Limited's registered office is in Mumbai, Maharashtra. Its website is million-air-jets-pvt-ltd.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice – 1 1st Floor Sbi Employees Nilambari Veer Markand Ghanekar Marg Vile Parle East, Mumbai, Maharashtra, India – 400057
- IndustryTransport and Logistics, Air Charter & Private Aviation
To see the full contact details of Million-Air Jets Private Limited, buy the company report.
Comprehensive company report
Million-Air Jets Private Limited - one report that includes everything
- 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
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Brands
Million-Air Jets operates one associated brand: Million Air. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Million Air is recognized as a premier provider of private jet services based in Mumbai, India. | million-air.in |
Business activity
The main business activity of Million-Air Jets 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 Million-Air Jets Private Limited, buy the company report.
Financials of Million-Air Jets Private Limited
FY 2024 filings availableMillion-Air Jets Private Limited reported revenue of ₹55.27 Cr (down 22% YoY) for FY 2024.
Revenue · FY 2024
₹55.27 Cr ▼ 22%
Net loss · FY 2024
₹47.83 Lakh margin -0.9%
EBITDA · FY 2024
₹1.01 Cr margin 1.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 22%
3 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 86%
3 years · compounded
▼ 8%
Revenue fell 22% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 86% 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 | ₹1.01 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹47.83 Lakh | ||||
| 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 | 1.8% | ||||
| Net Profit Margin | -0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Million-Air Jets Private Limited, buy the company report.
Board of directors of Million-Air Jets Private Limited
Million-Air Jets has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parita Sehgal | Director | 06 Sep 2019 | 7 Years 1 Months | Current |
| Vineet Sehgal | Director | 06 Sep 2019 | 7 Years 1 Months | Current |
Peer comparison
Million-Air Jets Private 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 |
|---|---|---|---|---|---|---|
| Span Air Private Limited. | ₹59.44 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Sarc Aviation Private Limited | ₹56.78 Cr (FY 2025) | 22.0% | New Delhi, Delhi, India | |||
| Million-Air Jets Private Limitedthis company | ₹55.27 Cr (FY 2024) | -₹47.83 Lakh | -0.9% | -22.0% | Mumbai, Maharashtra, India | |
| Universal Airways Private Limited | ₹48.47 Cr (FY 2025) | 63.0% | Gurgaon, Haryana, India | |||
| Concord Freight Private Limited | ₹47.65 Cr (FY 2024) | -21.0% | Kochi, Kerala, India |
To see the full peer comparison of Million-Air Jets Private Limited, buy the company report.
Auditor
Million-Air Jets Private Limited is audited by PRATIK MARU & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRATIK MARU & CO. | FY 2023 | 144748W |
Shareholding
The shareholding of Million-Air Jets Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Million-Air Jets Private Limited, buy the company report.
Legal cases
Million-Air Jets Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by Ar Airways Private Limited | Disposed |
| District court, Paschim Bardhaman, West Bengal | Civil suit | Filed against the company by Great Eastern Energy Corpotation Ltd. | Pending |
To see the full case history of Million-Air Jets Private 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
No delayed payments to MSME suppliers are on our record for Million-Air Jets Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Million-Air Jets has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCM9271E1Z3 | Maharashtra | Active | 20 Sep 2019 |
To see the full GST registrations and return filing status of Million-Air Jets Private Limited, buy the company report.
Recent activity
Million-Air Jets Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Parita Sehgal was appointed as Director on 06 Sep 2019.
AGM
Million-Air Jets Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Million-Air Jets Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Appointed
Parita Sehgal was appointed as Director.
Appointed
Vineet Sehgal was appointed as Director.
Incorporation
06 Sep 2019
Million-Air Jets Private Limited was registered on 06 Sep 2019 with Roc Mumbai & aged 7 years 1 month as per MCA records.
Frequently asked questions
Million-Air Jets is an active private limited company based in Mumbai, Maharashtra, India. The company works in air charter and private aviation, within the transport and logistics industry. It was incorporated on 06 September 2019 (7+ years old) and is registered under CIN U62100MH2019PTC330260.
Million-Air Jets has 2 current directors:
- Parita Sehgal - Director
- Vineet Sehgal - Director
The latest financial statements of Million-Air Jets on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Million-Air Jets is 27AAMCM9271E1Z3, registered in Maharashtra.
The CIN (Corporate Identification Number) of Million-Air Jets is U62100MH2019PTC330260. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Million-Air Jets has 2 court cases on record: 2 filed against it. 1 is pending.
Million-Air Jets was incorporated on 06 September 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Million-Air Jets by revenue are Span Air Private Limited, Sarc Aviation Private Limited, Universal Airways Private Limited, Concord Freight Private Limited, all in the Aviation industry (Charter Services), with the same principal business activity (air transport).
Parita Sehgal was appointed as Director on 06 Sep 2019. Vineet Sehgal was appointed as Director on 06 Sep 2019.
Yes, Million-Air Jets is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0060769).
Million-Air Jets can be reached through the website million-air-jets-pvt-ltd.business.site. Its registered office is in Mumbai, Maharashtra, India.