About Afimac Associates Private Ltd
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Afimac Associates Private Ltd is a private limited company based in New Delhi, Delhi, India. It operates in the air transport services segment of the transport and logistics sector. It was incorporated on 16 November 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1987PTC029784. Its GSTIN is 07AAACA0167D1ZA (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.2 Cr. It is led by directors Siva Sankaran and Ratnagiri Vara Prasada Rao Myneni.
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 A – 10 Okhla Industrial Areaphase – I, New Delhi, Delhi, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹59.95 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹7.44 Cr (net margin 12.4%) and EBITDA of ₹9.46 Cr (EBITDA margin 15.8%). Revenue has grown at a compounded annual rate (CAGR) of 161% over three years and 40% over five years.
As per MCA filings, the company has open charges of ₹95 Lakh on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website premairindia.com.
Company details
Contact details
Afimac Associates Private Ltd's registered office is in New Delhi, Delhi. Its website is premairindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 10 Okhla Industrial Areaphase – I, New Delhi, Delhi, India
- IndustryTransport and Logistics, Air Transport Services
To see the full contact details of Afimac Associates Private Ltd, 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
Business activity
The main business activities of Afimac Associates are transport and storage and support service to organizations. In detail, this covers air transport, services incidental to land, water & air transportation and travel agency and tour operators. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H4 | Air transport | |
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | |
| N | Support service to Organizations | N3 | Travel agency and tour operators |
To see the full business activity and turnover split of Afimac Associates Private Ltd, buy the company report.
Financials of Afimac Associates Private Ltd
FY 2024 filings availableAfimac Associates Private Ltd reported revenue of ₹59.95 Cr (up 185% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 40% over five years, including 185% growth in the latest year. EBITDA rose 663% 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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| EBITDA | ₹9.46 Cr | ||||
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| Net Profit (PAT) | ₹7.44 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 15.8% | ||||
| Net Profit Margin | 12.4% | ||||
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To see the full financial statements and ratios of Afimac Associates Private Ltd, buy the company report.
Board of directors of Afimac Associates Private Ltd
Afimac Associates has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siva Sankaran Also directs: Kancord Wires Private Limited, Aap Media Private Limited | Director | 16 Aug 2021 | 5 Years 2 Months | Current |
| Ratnagiri Vara Prasada Rao Myneni | Director | 29 Jun 1999 | 27 Years 4 Months | Current |
Peer comparison
Afimac Associates Private Ltd is compared with the 8 companies closest to it by revenue in the Aviation industry (Air Passenger 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 |
|---|---|---|---|---|---|---|
| Just Udo Aviation Private Limited | ₹137.2 Cr (FY 2025) | 3596.0% | Mumbai, Maharashtra, India | |||
| Ar Airways Private Limited | ₹132.61 Cr (FY 2025) | -15.0% | New Delhi, Delhi, India | |||
| Big Charter Private Limited | ₹128.75 Cr (FY 2024) | -39.0% | Mumbai, Maharashtra, India | |||
| Thumby Aviation Private Limited | ₹127.89 Cr (FY 2025) | 87.0% | Thiruvananthapuram, Kerala, India | |||
| Heritage Aviation Private Limited | ₹121.62 Cr (FY 2025) | 38.0% | Delhi, India | |||
| Afimac Associates Private Ltdthis company | ₹59.95 Cr (FY 2024) | ₹7.44 Cr | 12.4% | 185.0% | New Delhi, Delhi, India | |
| Aerotech Aviation Services Private Limited | ₹56.7 Cr (FY 2025) | 390.0% | New Delhi, Delhi, India | |||
| Himalyaputra Aviation Limited | ₹43.72 Cr (FY 2025) | 105.0% | New Delhi, Delhi, India | |||
| Pradhaan Air Express Private Limited | ₹42.7 Cr (FY 2024) | 41.0% | New Delhi, Delhi, India |
To see the full peer comparison of Afimac Associates Private Ltd, buy the company report.
Auditor
Afimac Associates Private Ltd is audited by UJJWAL AGRAWAL & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UJJWAL AGRAWAL & CO. | FY 2022 | 038814N |
Shareholding
The shareholding of Afimac Associates Private Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Afimac Associates Private Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Mar 2015 | 10557258 | Icici Bank Limited | ₹15 Lakh | Open | |
| 03 Jun 2006 | 10007507 | Uti Bank Ltd. | ₹80 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Afimac Associates Private Ltd has 3 court cases on record: 1 filed by Afimac Associates, 2 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Court case (OMP (COMM.)) | Filed against the company by Heritage Aviation Private Limited | Pending |
| District court, New Delhi, Delhi | Execution petition | Filed by the company against Heritage Aviation Pvt Ltd | Pending |
| District court, New Delhi, Delhi | Court case (T P (C)) | Filed against the company by Heritage Aviation Private Limited | Disposed |
To see the full case history of Afimac Associates Private Ltd, 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 Afimac Associates Private Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Afimac Associates has 2 associated companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
GST
Afimac Associates has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACA0167D1ZA | Delhi | Active | 01 Jul 2017 |
| 07AAACA0167D2Z9 | Delhi | Active | 09 Aug 2017 |
To see the full GST registrations and return filing status of Afimac Associates Private Ltd, buy the company report.
Recent activity
Afimac Associates Private Ltd has 7 board changes on record since 1999: 3 appointments and 4 cessations. The latest: Kajal Kumari ceased to be Additional Director on 17 Aug 2021.
Frequently asked questions
Afimac Associates is an active private limited company based in New Delhi, Delhi, India. The company works in air transport services, within the transport and logistics industry. It was incorporated on 16 November 1987 (39+ years old) and is registered under CIN U74899DL1987PTC029784.
Afimac Associates has 2 current directors:
- Siva Sankaran - Director
- Ratnagiri Vara Prasada Rao Myneni - Director
The latest financial statements of Afimac Associates 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 2015 are in the company report.
The GSTIN of Afimac Associates is 07AAACA0167D1ZA, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AAACA0167D2Z9 (Delhi).
The CIN (Corporate Identification Number) of Afimac Associates is U74899DL1987PTC029784. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Afimac Associates has 3 court cases on record: 1 filed by the company and 2 filed against it. 2 are pending.
Afimac Associates was incorporated on 16 November 1987, making it 39+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Afimac Associates by revenue are Just Udo Aviation Private Limited, Ar Airways Private Limited, Big Charter Private Limited, Thumby Aviation Private Limited, Heritage Aviation Private Limited and 3 more, all in the Aviation industry (Air Passenger Services), with the same principal business activity (air transport).
Kajal Kumari ceased to be Additional Director on 17 Aug 2021. Siva Sankaran was appointed as Director on 16 Aug 2021. Siva Sankaran ceased to be Additional Director on 23 Jul 2020. Afimac Associates has 7 board changes on record in total.
Afimac Associates can be reached through the website premairindia.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Afimac Associates is at A – 10 Okhla Industrial Areaphase – I, New Delhi, Delhi, India.
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