About Afcom Holdings Limited
Data last updated:
Afcom Holdings Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the air cargo services and logistics segment of the transport and logistics sector. It was incorporated on 15 February 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L51201TN2013PLC089652. Its GSTIN is 33AALCA3603M1ZQ (Tamil Nadu). It is a listed company as per MCA records. Its shares are listed on BSE: 544224.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹28.91 Cr. It is led by directors including Deepak Parasuraman (Managing Director) and Kannan Ramakrishnan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 2 Lic Colony Dr. Radhakrishnan Nagar Thiruvanmiyur, Chennai, Tamil Nadu, India – 600041.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹583.11 Cr, a growth of 144.3% compared to the previous year. For the same year it recorded a net profit of ₹121.9 Cr (net margin 20.9%) and EBITDA of ₹233.53 Cr (EBITDA margin 40%). The net worth stands at ₹456.68 Cr (up 122.9% YoY). Total assets are valued at ₹867.94 Cr (up 81.9% YoY).
The company has about 32 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Afcom Holdings. As per MCA filings, the company has open charges of ₹97.3 Cr and satisfied charges of ₹34 Cr on record. The company has 10 deals on record (3 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹33.19 Cr; the latest was in May 2026. Its 9 peer companies in the Aviation industry (Air Cargo, Charter Services), with the same principal business activity (air transport) are compared by revenue, 5 larger and 4 smaller; the largest is Rainbow Aviation Private Limited with revenue of ₹273.85 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website afcomcargo.com.
Company details
CIN history
Afcom Holdings has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L51201TN2013PLC089652, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51201TN2013PLC089652 | Current |
| U51201TN2013PLC089652 | Previous |
| U51201TN2013PTC089652 | Previous |
| U80301TN2013PTC089652 | Previous |
Contact details
Afcom Holdings Limited's registered office is in Chennai, Tamil Nadu. Its website is afcomcargo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2 Lic Colony Dr. Radhakrishnan Nagar Thiruvanmiyur, Chennai, Tamil Nadu, India – 600041
- IndustryTransport and Logistics, Air Cargo Services & Logistics, Air Charter & Private Aviation
To see the full contact details of Afcom Holdings 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
Afcom Holdings operates one associated brand: Afcom Holdings. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| International air cargo logistics are operated through global hubs. | afcomcargo.com |
Financials of Afcom Holdings Limited
FY 2025-26 filings availableAfcom Holdings Limited reported revenue of ₹583.11 Cr (up 144.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 583 | 239 | 148 | 84.14 | 48.27 | 13.89 |
| Revenue growth | +144.3% | +61.8% | +75.4% | +74.3% | +247.5% | - |
| EBITDA | 234 | 68.78 | 35.71 | 18.36 | 9.52 | (5.98) |
| EBITDA margin | +40.1% | +28.8% | +24.2% | +21.8% | +19.7% | -43.1% |
| Profit before tax | 153 | 65.20 | 34.30 | 18.19 | 8.38 | (6.08) |
| Net profit | 122 | 46.79 | 25.15 | 13.24 | 5.10 | (4.20) |
| Net profit margin | +20.9% | +19.6% | +17.1% | +15.7% | +10.6% | -30.2% |
| EPS (₹) | 48.65 | 19.48 | 14.12 | 7.78 | 20.60 | (19.75) |
| Balance sheet | ||||||
| Total assets | 868 | 477 | 122 | 73.92 | 22.07 | 11.35 |
| Net worth | 457 | 205 | 103 | 73.34 | 22.02 | (3.37) |
| Total debt | 401 | 266 | 18.47 | 0.48 | 0.04 | 14.71 |
| Cash & bank | 62.06 | 0.09 | 3.10 | 6.71 | 0.53 | 0.11 |
| Net working capital | 250 | 62.67 | 53.55 | 56.12 | 21.79 | 8.31 |
| Cash flow | ||||||
| Cash from operations | 35.99 | (45.01) | 31.14 | (32.73) | (3.74) | (13.22) |
| Cash from investing | (207) | (257) | (55.48) | (12.77) | (0.04) | (0.20) |
| Cash from financing | 233 | 299 | 20.73 | 51.68 | 4.21 | 13.36 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 176 | 190 | 153 | 121 | 119 | 100 | 49.57 | 48.90 |
| Revenue growth (YoY) | +48.1% | +89.6% | +207.8% | +148.2% | +198.3% | - | - | - |
| Other income | 1.39 | 1.56 | 0.65 | 3.52 | 0.21 | 1.79 | 0.03 | 1.41 |
| Total expenses | 105 | 118 | 87.60 | 82.80 | 71.90 | 53.28 | 36.27 | 24.29 |
| EBITDA | 71.08 | 72.53 | 64.98 | 38.59 | 46.99 | 47.11 | 13.30 | 24.61 |
| EBITDA margin | +40.4% | +38.1% | +42.6% | +31.8% | +39.5% | +46.9% | +26.8% | +50.3% |
| Depreciation | 16.53 | 16.52 | 13.33 | 3.13 | 11.72 | 12.64 | 0.94 | 0.02 |
| Interest | 3.71 | 9.89 | 6.59 | 0.85 | 4.59 | 4.85 | 0.47 | 1.67 |
| Profit before tax | 52.23 | 47.68 | 45.71 | 38.13 | 30.89 | 31.41 | 11.92 | 24.33 |
| Tax | 12.99 | 3.02 | 11.26 | 9.75 | 9.80 | 5.57 | 2.88 | 6.10 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 176 | 190 | 153 | 121 | 119 | 100 | 49.57 | 48.90 |
| Revenue growth (YoY) | +48.1% | +89.6% | +207.8% | +148.2% | +198.3% | - | - | - |
| Other income | 1.39 | 1.56 | 0.65 | 3.52 | 0.21 | 1.79 | 0.03 | 1.41 |
| Total expenses | 105 | 118 | 87.60 | 82.80 | 71.90 | 53.28 | 36.27 | 24.29 |
| EBITDA | 71.08 | 72.53 | 64.98 | 38.59 | 46.99 | 47.11 | 13.30 | 24.61 |
| EBITDA margin | +40.4% | +38.1% | +42.6% | +31.8% | +39.5% | +46.9% | +26.8% | +50.3% |
| Depreciation | 16.53 | 16.52 | 13.33 | 3.13 | 11.72 | 12.64 | 0.94 | 0.02 |
| Interest | 3.71 | 9.89 | 6.59 | 0.85 | 4.59 | 4.85 | 0.47 | 1.67 |
| Profit before tax | 52.23 | 47.68 | 45.71 | 38.13 | 30.89 | 31.41 | 11.92 | 24.33 |
| Tax | 12.99 | 3.02 | 11.26 | 9.75 | 9.80 | 5.57 | 2.88 | 6.10 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 583 | 239 | 148 | 84.14 | 48.27 | 13.89 |
| Revenue growth | +144.3% | +61.8% | +75.4% | +74.3% | +247.5% | - |
| Other income | 4.62 | 3.82 | 0.64 | 0.83 | 0.40 | 0.00 |
| Total expenses | 350 | 170 | 112 | 65.78 | 38.75 | 19.87 |
| Employee cost | 0.00 | 10.21 | 5.44 | 6.57 | 1.99 | 0.94 |
| EBITDA | 234 | 68.78 | 35.71 | 18.36 | 9.52 | (5.98) |
| EBITDA margin | +40.1% | +28.8% | +24.2% | +21.8% | +19.7% | -43.1% |
| Depreciation | 53.30 | 4.07 | 0.08 | 0.06 | 0.05 | 0.03 |
| Interest | 31.76 | 3.33 | 1.97 | 0.94 | 1.49 | 0.07 |
| Profit before tax | 153 | 65.20 | 34.30 | 18.19 | 8.38 | (6.08) |
| Tax | 31.19 | 16.79 | 8.84 | 4.51 | 3.23 | (1.88) |
| Net profit | 122 | 46.79 | 25.15 | 13.24 | 5.10 | (4.20) |
| Net profit margin | +20.9% | +19.6% | +17.1% | +15.7% | +10.6% | -30.2% |
| EPS (₹) | 48.65 | 19.48 | 14.12 | 7.78 | 20.60 | (19.75) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 26.07 | 24.86 | 18.02 | 17.60 | 2.50 | 2.13 |
| Reserves & surplus | 405 | 180 | 85.23 | 55.74 | 19.32 | (5.50) |
| Shareholders' funds (net worth) | 457 | 205 | 103 | 73.34 | 22.02 | (3.37) |
| Secured loans | 62.26 | 26.05 | 2.27 | 0.02 | 0.04 | 0.05 |
| Unsecured loans | 338 | 240 | 16.20 | 0.46 | 0.00 | 14.66 |
| Total debt | 401 | 266 | 18.47 | 0.48 | 0.04 | 14.71 |
| Total liabilities | 868 | 477 | 122 | 73.92 | 22.07 | 11.35 |
| Assets | ||||||
| Gross block | 391 | 279 | 0.67 | 0.43 | 0.38 | 0.34 |
| Net block | 322 | 251 | 0.42 | 0.26 | 0.27 | 0.27 |
| Capital work in progress | 0.00 | 0.00 | 12.22 | 12.22 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 18.25 | 15.80 | 15.69 | 9.21 | 0.00 | 0.00 |
| Sundry debtors | 136 | 59.03 | 22.63 | 14.32 | 15.56 | 0.57 |
| Cash & bank balances | 62.06 | 0.09 | 3.10 | 6.71 | 0.53 | 0.11 |
| Loans & advances | 101 | 11.86 | 27.67 | 34.81 | 8.77 | 8.04 |
| Total current assets | 317 | 86.78 | 69.09 | 65.05 | 24.86 | 8.72 |
| Total current liabilities | 66.83 | 24.11 | 15.54 | 8.93 | 3.07 | 0.41 |
| Net working capital | 250 | 62.67 | 53.55 | 56.12 | 21.79 | 8.31 |
| Total assets | 868 | 477 | 122 | 73.92 | 22.07 | 11.35 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 0.09 | 3.10 | 6.71 | 0.53 | 0.11 | 0.18 |
| Net cash from operating activities | 35.99 | (45.01) | 31.14 | (32.73) | (3.74) | (13.22) |
| Net cash from investing activities | (207) | (257) | (55.48) | (12.77) | (0.04) | (0.20) |
| Net cash from financing activities | 233 | 299 | 20.73 | 51.68 | 4.21 | 13.36 |
| Net change in cash | 61.97 | (3.01) | (3.62) | 6.18 | 0.43 | (0.07) |
| Closing cash | 62.06 | 0.09 | 3.10 | 6.71 | 0.53 | 0.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +144.3% | +61.8% | +75.4% | +74.3% | +247.5% | - |
| EBITDA growth | +239.5% | +92.6% | +94.5% | +92.9% | +259.2% | - |
| PBT growth | +134.8% | +90.1% | +88.6% | +117.1% | +9998.0% | +9997.0% |
| Net income growth | +160.5% | +86.0% | +90.0% | +159.6% | +221.4% | - |
| Revenue CAGR (3Y) | +90.7% | +70.4% | +119.8% | - | - | - |
| EBITDA CAGR (3Y) | +133.4% | +93.3% | - | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +20.9% | +20.3% | +17.3% | +16.3% | +10.7% | -30.2% |
| Return on capital employed | - | +37.1% | +37.0% | +38.6% | +53.9% | 0.0% |
| Return on net worth | - | +29.9% | +28.8% | +27.8% | +47.1% | 0.0% |
| Debt / equity | - | 0.14 | 0.11 | 0.01 | 0.79 | 0.00 |
| Long-term debt / equity | - | 0.08 | 0.00 | 0.00 | 0.74 | 0.00 |
| Interest cover | 17.62 | 5.15 | 5.53 | 5.14 | 15.73 | -1.16 |
| Efficiency & per share | ||||||
| Fixed asset turnover | - | 25.29 | 268.27 | 207.75 | 134.08 | 40.85 |
| Inventory turnover | - | 15.16 | 11.85 | 18.27 | 0.00 | 0.00 |
| Debtors turnover | - | 5.61 | 7.99 | 5.63 | 5.99 | 24.37 |
| EPS (₹) | 48.65 | 19.48 | 14.12 | 7.78 | 20.60 | (19.75) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 88.65 | 57.29 | 41.66 | 87.31 | (15.85) |
To see the full year-wise statements and ratios of Afcom Holdings Limited, buy the company report.
Board of directors of Afcom Holdings Limited
Afcom Holdings has 8 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaganmohan Manthena | Director | 20 Apr 2018 | 8 Years 6 Months | Current |
| Kannan Ramakrishnan Also directs: Flysbs Aviation Limited, Shreshtha Business Solutions LLP, Flyaster Aviation Private Limited and 2 more | Whole-Time Director | 21 Mar 2023 | 3 Years 7 Months | Current |
| Deepak Parasuraman Also directs: Ingenium Advisory LLP, Flysbs Aviation Limited, Seven Sages Consulting Private Limited and 1 more | Managing Director | 15 Feb 2013 | 13 Years 8 Months | Current |
| Lalit Gupta Also directs: Redbird Flight Training Academy Private Limited | Director | 21 Mar 2023 | 3 Years 7 Months | Current |
| Sudhir Laxmikant Deoras | Director | 13 Mar 2025 | 1 Years 7 Months | Current |
| Arundhati Mech | Director | 13 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Afcom Holdings Limited is compared with the 9 companies closest to it by revenue in the Aviation industry (Air Cargo, 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 |
|---|---|---|---|---|---|---|
| Afcom Holdings Limitedthis company | ₹583.11 Cr (FY 2026) | ₹121.9 Cr | 20.9% | 144.3% | 32 | Chennai, Tamil Nadu, India |
| Rainbow Aviation Private Limited | ₹273.85 Cr (FY 2025) | 344.0% | Mumbai, Maharashtra, India | |||
| Menzies Aviation (Bengaluru) Private Limited | ₹272.75 Cr (FY 2025) | 72.0% | Bengaluru, Karnataka, India | |||
| Arrow Aircraft Sales and Charters Private Limited | ₹266.62 Cr (FY 2025) | 59.0% | New Delhi, Delhi, India | |||
| Clearfast Air Cargo Agencies Private Limited | ₹250.53 Cr (FY 2025) | 52.0% | Mumbai, Maharashtra, India | |||
| Mab Aviation Private Limited | ₹244.12 Cr (FY 2025) | 429.0% | Mumbai, Maharashtra, India | |||
| Redbird Airways Private Limited | ₹227.87 Cr (FY 2025) | 114.0% | New Delhi, Delhi, India | |||
| Index Logistics Private Limited | ₹210.54 Cr (FY 2025) | -15.0% | Mumbai, Maharashtra, India | |||
| Hercules Aviation Private Limited | ₹196.02 Cr (FY 2025) | 57.0% | New Delhi, Delhi, India | |||
| Zeal Global Services Limited | ₹195.4 Cr (FY 2024) | 73.0% | New Delhi, Delhi, India |
To see the full peer comparison of Afcom Holdings Limited, buy the company report.
Auditor
Afcom Holdings Limited is audited by P P N AND COMPANY for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P P N AND COMPANY | FY 2024 | 013623S |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 35.80%, foreign institutional investors hold 0.70%, domestic institutional investors hold 7.90% and retail and other public shareholders hold 55.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 35.80% | 40.60% | 42.60% | 42.60% |
| Public | 64.20% | 59.40% | 57.40% | 57.40% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jul 2026 | 101354236 | Others | ₹9.39 Cr | Open | |
| 17 Apr 2026 | 101273892 | Others | ₹7.05 Cr | Open | |
| 07 May 2025 | 101096820 | Others | ₹10.3 Lakh | Open | |
| 10 Apr 2025 | 101092252 | Others | ₹75.5 Lakh | Open | |
| 26 Sep 2024 | 100984108 | Others | ₹50 Cr | Open |
To see the full charge records of Afcom Holdings Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Afcom Holdings Limited has 10 deals on record (3 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹33.19 Cr; the latest was in May 2026.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2026 | QIP | ₹199.85 Cr | Investors: Abakkus EmergingOpportunities Fund, Bengal Finance and Investment Private Limited , Chartered Finance & Leasing Ltd. , an individual |
| Aug 2024 | IPO | ₹73.83 Cr | Investors: Saint Capital Fund, HDFC Bank Limited |
| Mar 2022 | Funding round · Series C | ₹17.19 Cr | Investors: Shreshtha Business Solutions LLP , 3 individuals |
| Nov 2021 | Funding round · Series B | ₹10.65 Cr | Investors: an individual |
| May 2018 | Rights issue | ₹3 Cr | Investors: Anirudh Agro Farms Limited |
To see the full deal history of Afcom Holdings 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
No court or tribunal cases involving Afcom Holdings Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Afcom Holdings Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Afcom Holdings Limited has a workforce of 32 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Afcom Holdings has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AALCA3603M1ZQ | Tamil Nadu | Active | 07 Oct 2017 |
To see the full GST registrations and return filing status of Afcom Holdings Limited, buy the company report.
Recent activity
Afcom Holdings Limited has 18 board changes on record since 2013: 10 appointments and 8 cessations. The latest: Arundhati Mech ceased to be Additional Director on 24 Sep 2025.
20 earlier events are in the company report.
News
Frequently asked questions
Afcom Holdings is an active public limited company based in Chennai, Tamil Nadu, India. The company works in air cargo services and logistics, within the transport and logistics industry. It was incorporated on 15 February 2013 (13+ years old) and is registered under CIN L51201TN2013PLC089652. Listed on BSE: 544224.
Afcom Holdings reported revenue of ₹583.11 Cr for FY 2025-26 (up 144.3% YoY) based on standalone financials.
Afcom Holdings has 8 current directors:
- Deepak Parasuraman - Managing Director
- Kannan Ramakrishnan - Whole-Time Director
- Jaganmohan Manthena - Director
- Lalit Gupta - Director
- Sudhir Laxmikant Deoras - Director
- Arundhati Mech - Director
- Rashmi Prithviraj - Director
- Natarajan Srinivasan - Director
The latest financial statements of Afcom Holdings on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Afcom Holdings is 33AALCA3603M1ZQ, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Afcom Holdings is L51201TN2013PLC089652. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Afcom Holdings is a listed company as per MCA records. Its shares are listed on BSE (code: 544224).
Afcom Holdings was incorporated on 15 February 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chennai.
Afcom Holdings has 10 deals on record (3 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹33.19 Cr; the latest was in May 2026.
The peers of Afcom Holdings by revenue are Rainbow Aviation Private Limited, Menzies Aviation (Bengaluru) Private Limited, Arrow Aircraft Sales and Charters Private Limited, Clearfast Air Cargo Agencies Private Limited, Mab Aviation Private Limited and 4 more, all in the Aviation industry (Air Cargo, Charter Services), with the same principal business activity (air transport).
Arundhati Mech ceased to be Additional Director on 24 Sep 2025. Sudhir Laxmikant Deoras ceased to be Additional Director on 24 Sep 2025. Arundhati Mech was appointed as Director on 13 Mar 2025. Afcom Holdings has 18 board changes on record in total.