About Afford Air-Express Private Limited
Data last updated:
Afford Air-Express Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 20 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63013MH2008PTC179144. Its GSTIN is 27AAGCA8569D1ZG (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sajikumar Prabhakaran Nair and Chockalingam Manikandan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B Wing 6th Floor Kukreja Centre Sector 11 CBD Belapur, Navi Mumbai, Maharashtra, India – 400614.
As per the financials filed for FY 2021, the company reported a revenue of ₹50.5 Lakh, a decline of 45% compared to the previous year. For the same year it recorded a net loss of ₹14.73 Lakh (net margin -29.2%) and EBITDA of -₹13.22 Lakh (EBITDA margin -26.2%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 25% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website afford.co.in.
Company details
Contact details
Afford Air-Express Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is afford.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressB Wing 6th Floor Kukreja Centre Sector 11 CBD Belapur, Navi Mumbai, Maharashtra, India – 400614
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Afford Air-Express Private 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 Afford Air-Express Private Limited
FY 2025 filings availableAfford Air-Express Private Limited reported revenue of ₹50.5 Lakh (down 45% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 45% fall 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹50.5 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹13.22 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹14.73 Lakh | ||||
| 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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -26.2% | ||||
| Net Profit Margin | -29.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Afford Air-Express Private Limited, buy the company report.
Board of directors of Afford Air-Express Private Limited
Afford Air-Express has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sajikumar Prabhakaran Nair | Director | 20 Feb 2008 | 18 Years 8 Months | Current |
| Chockalingam Manikandan | Director | 20 Feb 2008 | 18 Years 8 Months | Current |
Auditor
Afford Air-Express Private Limited is audited by SARAWGI SHRIDHAR & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SARAWGI SHRIDHAR & ASSOCIATES | FY 2021 | 104892W |
Shareholding
The shareholding of Afford Air-Express Private Limited is on record for 5 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 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Afford Air-Express Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Afford Air-Express Private 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 Afford Air-Express Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Afford Air-Express Private Limited has a workforce of 2 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Afford Air-Express has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCA8569D1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Afford Air-Express Private Limited, buy the company report.
Recent activity
Afford Air-Express Private Limited has 3 board changes on record since 2008: 2 appointments and 1 cessation. The latest: Vinod Rajan Warrier ceased to be Director on 06 Aug 2025.
Frequently asked questions
Afford Air-Express is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 20 February 2008 (18+ years old) and is registered under CIN U63013MH2008PTC179144.
Afford Air-Express has 2 current directors:
- Sajikumar Prabhakaran Nair - Director
- Chockalingam Manikandan - Director
The latest financial statements of Afford Air-Express on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Afford Air-Express is 27AAGCA8569D1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Afford Air-Express is U63013MH2008PTC179144. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Afford Air-Express was incorporated on 20 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Vinod Rajan Warrier ceased to be Director on 06 Aug 2025. Chockalingam Manikandan was appointed as Director on 20 Feb 2008. Sajikumar Prabhakaran Nair was appointed as Director on 20 Feb 2008.
Afford Air-Express can be reached through the website afford.co.in. Its registered office is in Navi Mumbai, Maharashtra, India.
The registered office of Afford Air-Express is at B Wing 6th Floor Kukreja Centre Sector 11 CBD Belapur, Navi Mumbai, Maharashtra, India – 400614.
Afford Air-Express operates in the transport and logistics industry, in the integrated and diversified logistics services segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
