Startup India Government of India
Ravidas Airlines Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹23.16 Lakh
▲ 1% YoY
Net profit · FY 2024
₹70,601
Net margin 3%
EBITDA · FY 2024
₹1.17 Lakh
EBITDA margin 5.1%
Authorised capital
₹2.05 Cr
Registered with MCA
Paid-up capital
₹2.04 Cr
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Ravidas Airlines Limited
Data last updated:
Ravidas Airlines Limited is a public limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the air charter and private aviation segment of the transport and logistics sector. It was incorporated on 14 February 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U62100MH2020PLC337776. Its GSTIN is 27AAKCR0908D1ZK (Maharashtra).
The company has an authorised share capital of ₹2.05 Cr and a paid-up capital of ₹2.04 Cr. It is led by directors including Upendra Ravidas and Bina Ashutosh Soti.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹23.16 Lakh, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹70,601 (net margin 3%) and EBITDA of ₹1.17 Lakh (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 436% over three years.
Ravidas Airlines Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0027144). For more details, the company can be reached via its website ravidasairlines.com.
Company Details of Ravidas Airlines Limited
CIN U62100MH2020PLC337776
Registration Number 337776
Incorporation Date 14 February 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0027144
Recognitions & Rankings of Ravidas Airlines
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0027144
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressOffice No. 320 Bldg No.11 3rd Floor, Motilal Nehru Nagar Chs BKC Bandra E, Mumbai, Maharashtra, India – 400051
- IndustryTransport and Logistics, Air Charter & Private Aviation
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Business Activity of Ravidas Airlines Limited
The main business activity of Ravidas Airlines is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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Turnover share and past changes in activity are in the company report.
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Financials of Ravidas Airlines Limited FY 2024 filings available
Ravidas Airlines Limited reported revenue of ₹23.16 Lakh (up 1% YoY) for FY 2024.
Revenue · FY 2024
₹23.16 Lakh ▲ 1%
Net profit · FY 2024
₹70,601 margin 3%
EBITDA · FY 2024
₹1.17 Lakh margin 5.1%
Compounded Annual Growth Rate (CAGR) of Ravidas Airlines Limited
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 436%
EBITDA CAGR growth
1 year
▲ 364%
3 years · compounded
▲ 27%
Revenue has grown at a compounded annual rate (CAGR) of 436% over three years, including 1% growth in the latest year. EBITDA rose 364% 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 of Ravidas Airlines Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.17 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹70,601 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ravidas Airlines Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ravidas Airlines are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
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Board of Directors of Ravidas Airlines Limited
Ravidas Airlines has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Upendra Ravidas Also directs: Ravi Das Industries Limited, Ravidas Infrastructure Projects Limited, Rockward Abode Private Limited and 1 more | Director | 13 Nov 2023 | 2 Years 11 Months | Current |
| Bina Ashutosh Soti Also directs: Ravi Das Industries Limited, Man Mandir Benquite Hall Private Limited, Valente Hospitality Private Limited and 1 more | Director | 09 Aug 2024 | 2 Years 2 Months | Current |
| Jayesh Jaswantrai Mehta Also directs: Ravi Das Industries Limited, Ravidas Infrastructure Projects Limited, Ravidas International Private Limited and 1 more | Director | 07 Sep 2021 | 5 Years 1 Months | Current |
Peer Comparison of Ravidas Airlines Limited
Ravidas Airlines Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Air Cargo). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jet Freight Express Private Limited | ₹35.58 Lakh (FY 2025) | •••• | •••• | -48.0% | •••• | Andheri, Mumbai, Maharashtra, India |
| Madhu Travels Forex and Cargo Private Limited | ₹34.51 Lakh (FY 2024) | •••• | •••• | 85962.0% | •••• | Mumbai, Maharashtra, India |
| Top Notch Logistics Private Limited | ₹31.66 Lakh (FY 2025) | •••• | •••• | -84.0% | •••• | New Delhi, Delhi, India |
| Airpol Xpress Private Limited | ₹27.42 Lakh (FY 2025) | •••• | •••• | -98.0% | •••• | Chennai, Tamil Nadu, India |
| Aisats Noida Logistics Park Private Limited | ₹23.84 Lakh (FY 2025) | •••• | •••• | -19.0% | •••• | Haryana, India |
| Ravidas Airlines Limited this company | ₹23.16 Lakh (FY 2024) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Atlas Aviation (I) Private Limited | ₹22.9 Lakh (FY 2025) | •••• | •••• | -54.0% | •••• | Mumbai, Maharashtra, India |
| Kamakhya Multitrade Private Limited | ₹20.86 Lakh (FY 2024) | •••• | •••• | -89.0% | •••• | Delhi, India |
| Air Cargo Packers & Movers Private Limited | ₹19.95 Lakh (FY 2023) | •••• | •••• | 30.0% | •••• | Bijwasan, Delhi, India |
| Swiss Worldcargo (India) Private Limited | ₹18.61 Lakh (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Flykedar Aviation Private Limited | ₹18.08 Lakh (FY 2025) | •••• | •••• | -15.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Ravidas Airlines by revenue in the Transport and Logistics industry (Air Cargo), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ravidas Airlines Limited
Ravidas Airlines Limited is audited by S S R V & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S S R V & ASSOCIATES | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Ravidas Airlines Limited
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Charges & Borrowings of Ravidas Airlines Limited
Ravidas Airlines Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ravidas Airlines Limited
Employment history and EPFO contributions of people linked to Ravidas Airlines.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Ravidas Airlines Limited
Ravidas Airlines Limited has 10 board changes on record since 2020: 3 appointments and 7 cessations. The latest: Bina Ashutosh Soti was appointed as Director on 09 Aug 2024.
AGM
Ravidas Airlines Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Appointed
Bina Ashutosh Soti was appointed as Director.
Filing
Ravidas Airlines Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Appointed
Upendra Ravidas was appointed as Director.
Ceased
Chetan Ashok Paleja ceased to be Additional Director.
Ceased
Jayesh Jaswantrai Mehta ceased to be Additional Director.
Ceased
Bina Ashutosh Soti ceased to be Director.
Appointed
Jayesh Jaswantrai Mehta was appointed as Director.
Ceased
Sandhya Ankur Upadhyay ceased to be Additional Director.
Ceased
Jitendra Bhojal Das ceased to be Director.
Ceased
Jagruti Sandip Mane ceased to be Additional Director.
Ceased
Aslam Ahmed Patel ceased to be Director.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ravidas Airlines Limited
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MSME Payment Delays by Ravidas Airlines Limited
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Subsidiaries & Group Companies of Ravidas Airlines Limited
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GST Compliance of Ravidas Airlines Limited
Ravidas Airlines has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCR0908D1ZK | Maharashtra | Active | 01 Aug 2020 |
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MCA Filings & Documents of Ravidas Airlines Limited
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Frequently Asked Questions about Ravidas Airlines Limited
Ravidas Airlines is an active public 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 14 February 2020 (6+ years old) and is registered under CIN U62100MH2020PLC337776.
Ravidas Airlines reported revenue of ₹23.16 Lakh for FY 2024 (up 1% YoY).
Ravidas Airlines has 3 current directors:
- Upendra Ravidas - Director
- Bina Ashutosh Soti - Director
- Jayesh Jaswantrai Mehta - Director
Ravidas Airlines reported a net profit of ₹70,601 (net margin 3%) and EBITDA of ₹1.17 Lakh (EBITDA margin 5.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ravidas Airlines is 436% over three years. In the latest year (FY 2024) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ravidas Airlines is 27AAKCR0908D1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ravidas Airlines is U62100MH2020PLC337776. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ravidas Airlines was incorporated on 14 February 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ravidas Airlines by revenue are Jet Freight Express Private Limited, Madhu Travels Forex and Cargo Private Limited, Top Notch Logistics Private Limited, Airpol Xpress Private Limited, Aisats Noida Logistics Park Private Limited and 5 more, all in the Transport and Logistics industry (Air Cargo).
Bina Ashutosh Soti was appointed as Director on 09 Aug 2024. Upendra Ravidas was appointed as Director on 13 Nov 2023. Chetan Ashok Paleja ceased to be Additional Director on 18 Jan 2022. Ravidas Airlines has 10 board changes on record in total.
Yes, Ravidas Airlines is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).