Premier Jet Services Limited
About Premier Jet Services Limited
Data last updated:
Premier Jet Services Limited is a public limited company based in Chennai, Tamil Nadu, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 01 December 2011.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U62200TN2011PLC083370. Its GSTIN is 27AACCE8916G1ZJ (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Emerald Haven Aviation Services Limited. It is led by directors including Kapil Purohit and Purna Chandra Karan.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No. 31/14A College Road The Bajaj Manor 3rd 'C' Thousand Lights, Chennai, Tamil Nadu, India – 600006.
As per the financials filed for FY 2022, the company reported a revenue of ₹23.75 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹17.04 Cr and EBITDA of -₹14.32 Cr. Revenue has declined at a compounded annual rate (CAGR) of 16% over three years.
Court records list 7 cases involving the company, including 1 filed by the company and 6 filed against it; 4 cases are pending.
Company details
Contact details
Premier Jet Services Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo. 31/14A College Road The Bajaj Manor 3rd 'C' Thousand Lights, Chennai, Tamil Nadu, India – 600006
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Premier Jet 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
Financials of Premier Jet Services Limited
FY 2022 filings availablePremier Jet Services Limited reported revenue of ₹23.75 Lakh (up 177% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 177% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 16%. 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
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| EBITDA | -₹14.32 Cr | ||||
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| Net Profit (PAT) | -₹17.04 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Premier Jet Services Limited, buy the company report.
Board of directors of Premier Jet Services Limited
Premier Jet Services 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 |
|---|---|---|---|---|
| Kapil Purohit | Director | 25 Nov 2021 | 4 Years 11 Months | As last reported |
| Purna Chandra Karan Also directs: Offshore Infrastructure Development Services Private Limited, S.S.Projects Limited, S N Offshore Private Limited and 2 more | Director | 03 Jun 2021 | 5 Years 5 Months | As last reported |
| Sermandurai Konar Also directs: Offshore Infrastructure Development Services Private Limited, S.S.Projects Limited, S N Offshore Private Limited and 1 more | Director | 03 Jun 2021 | 5 Years 5 Months | As last reported |
Peer comparison
Premier Jet Services Limited is compared with the 5 companies closest to it by revenue in the Shipping industry (Shipping 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 |
|---|---|---|---|---|---|---|
| FTS Logistics Private Limited | ₹24.49 Lakh (FY 2025) | 222.0% | New Delhi, Delhi, India | |||
| Shark Logistics Pvt Ltd | ₹24.23 Lakh (FY 2016) | -27.0% | Mumbai, Maharashtra, India | |||
| Atharva Freight Forwarders Private Limited | ₹24.02 Lakh (FY 2024) | -80.0% | Mumbai, Maharashtra, India | |||
| Premier Jet Services Limitedthis company | ₹23.75 Lakh (FY 2022) | -₹17.04 Cr | 177.0% | Chennai, Tamil Nadu, India | ||
| Shivam Shipways Private Limited | ₹23.75 Lakh (FY 2025) | -48.0% | Jaipur, Rajasthan, India | |||
| Prominal Maritime Shipping Services Private Limited | ₹22.76 Lakh (FY 2023) | Ratnagiri, Maharashtra, India |
To see the full peer comparison of Premier Jet Services Limited, buy the company report.
Auditor
Premier Jet Services Limited is audited by P M P K & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P M P K & CO | FY 2021 | 019681N |
Shareholding
The shareholding of Premier Jet Services Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Premier Jet Services Limited, buy the company report.
Legal cases
Premier Jet Services Limited has 7 court cases on record: 1 filed by Premier Jet Services, 6 filed against it. 4 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 6 | 6 | 4 |
| NCLT | 1 | 0 | 0 |
Cases on record (4 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| NCLT, Chennai | Insolvency matter | Filed by the company | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by an individual | Disposed |
| NCLAT, Court II | Tribunal matter | Filed against the company by an individual | Disposed |
To see the full case history of Premier Jet 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
No delayed payments to MSME suppliers are on our record for Premier Jet Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Premier Jet Services has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCE8916G1ZJ | Maharashtra | Active | 31 Jul 2020 |
To see the full GST registrations and return filing status of Premier Jet Services Limited, buy the company report.
Recent activity
Premier Jet Services Limited has 16 board changes on record since 2014: 3 appointments and 13 cessations. The latest: Kapil Purohit ceased to be Additional Director on 30 Nov 2021.
7 earlier events are in the company report.
Frequently asked questions
Premier Jet Services is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Premier Jet Services is a company under insolvency, formerly operating as a public limited company based in Chennai, Tamil Nadu, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 01 December 2011 and is registered under CIN U62200TN2011PLC083370. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Premier Jet Services has 3 current directors:
- Kapil Purohit - Director
- Purna Chandra Karan - Director
- Sermandurai Konar - Director
The latest financial statements of Premier Jet Services on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Premier Jet Services is U62200TN2011PLC083370. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Premier Jet Services has 7 court cases on record: 1 filed by the company and 6 filed against it. 4 are pending. Most are in the nclat.
Premier Jet Services was incorporated on 01 December 2011. It is registered with the Registrar of Companies, Chennai.
The peers of Premier Jet Services by revenue are FTS Logistics Private Limited, Shark Logistics Pvt Ltd, Atharva Freight Forwarders Private Limited, Shivam Shipways Private Limited, Prominal Maritime Shipping Services Private Limited, all in the Shipping industry (Shipping Services), with the same principal business activity (air transport).
Kapil Purohit ceased to be Additional Director on 30 Nov 2021. Purna Chandra Karan ceased to be Additional Director on 30 Nov 2021. Sermandurai Konar ceased to be Additional Director on 30 Nov 2021. Premier Jet Services has 16 board changes on record in total.
The registered office of Premier Jet Services is at No. 3114A College Road The Bajaj Manor 3rd C Thousand Lights, Chennai, Tamil Nadu, India – 600006.
The GSTIN of Premier Jet Services is 27AACCE8916G1ZJ, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
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