About Air India Express Limited
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Air India Express Limited is a public limited company based in Haryana, India, a subsidiary of Air India Limited. It operates in the air transport services segment of the transport and logistics sector. It was incorporated on 09 September 1971 and has been in existence for over 55 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U62100HR1971PLC113015. Its GSTIN is 06AABCA0522B1ZO (Haryana). The company holds 36 GST registrations, of which 32 are active.
The company has an authorised share capital of ₹11,000 Cr and a paid-up capital of ₹3,017.1 Cr. It is led by directors including Aloke Singh (Managing Director) and Nipun Aggarwal.
Its last annual general meeting (AGM) was held on 24 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Block – 4 Vatika One – On – One, Sector – 16 NH – 48, Haryana, India – 122007.
As per the financials filed for FY 2025, the company reported a revenue of ₹16,177 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net loss of ₹5,821.88 Cr (net margin -36%) and EBITDA of -₹1,499.74 Cr (EBITDA margin -9.3%). Revenue has grown at a compounded annual rate (CAGR) of 66% over three years and 25% over five years.
As per MCA filings, the company has open charges of ₹321.95 Cr and satisfied charges of ₹5,827.98 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website airindiaexpress.com.
Company details
Contact details
Air India Express Limited's registered office is in Haryana.
- Registered AddressBlock – 4 Vatika One – On – One, Sector – 16 NH – 48, Haryana, India – 122007
- IndustryTransport and Logistics, Air Transport Services
- 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 activity of Air India Express is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Air India Express Limited, buy the company report.
Financials of Air India Express Limited
FY 2025 filings availableAir India Express Limited reported revenue of ₹16,177 Cr (up 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 25% growth in the latest year. EBITDA fell 318% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹1,499.74 Cr | ||||
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| Net Profit (PAT) | -₹5,821.88 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -9.3% | ||||
| Net Profit Margin | -36% | ||||
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To see the full financial statements and ratios of Air India Express Limited, buy the company report.
Board of directors of Air India Express Limited
Air India Express has 6 current directors and 38 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nipun Aggarwal Also directs: Air India Sats Airport Services Private Limited | Director | 09 May 2023 | 3 Years 5 Months | Current |
| Aloke Singh | Managing Director | 20 Mar 2023 | 3 Years 7 Months | Current |
| Ramesh Prathivadibhayankara Rajagopalan Also directs: Nestle India Limited, Cipla Limited, Crompton Greaves Consumer Electricals Limited and 5 more | Director | 20 Oct 2022 | 4 Years 0 Months | Current |
| Sanjay Sharma Also directs: 92Angels Bharat LLP, Aisats Noida Logistics Park Private Limited, Aisats Noida Cargo Terminal Private Limited and 5 more | Director | 03 Sep 2024 | 2 Years 2 Months | Current |
| Alice Geevarghese Vaidyan Also directs: Air India Limited, Geojit Financial Services Limited, Tata Investment Corporation Limited and 4 more | Director | 20 Oct 2022 | 4 Years 0 Months | Current |
| Basil Yu Duh Kwauk Also directs: Airbus India Training Centre Private Limited | Additional Director | 01 Jul 2025 | 1 Years 4 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Apr 2025 | 101086971 | Others | ₹6 Cr | Open | |
| 24 Oct 2018 | 100216500 | Others | ₹315.95 Cr | Open | |
| 28 Aug 2024 | 100974386 | Standard Chartered Bank | ₹53 Cr | Satisfied | |
| 22 Dec 2022 | 100667043 | Others | ₹228.59 Cr | Satisfied | |
| 09 Jun 2020 | 100343450 | Bank of India | ₹430 Cr | Satisfied |
To see the full charge records of Air India Express Limited, buy the company report.
Total charge records: 26 View all charges
Legal cases
No court or tribunal cases involving Air India Express 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
Air India Express Limited has 13 MSME Form 1 returns on record between 2020 and 2024, listing 1,278 overdue payments to 50 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 50)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hotel Pradeep,Lucknow | |||
| K M A Resorts Private Limited | |||
| Airliners Den Private Limited | |||
| JC Residency Private Limited | |||
| Hans Infomatic Private Limited |
To see the full MSME payment records of Air India Express Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Air India Express has 36 GST registrations: 32 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCA0522B1ZO | Haryana | Active | 03 Jan 2023 |
| 09AABCA0522B1ZI | Uttar Pradesh | Active | 01 Jul 2017 |
| 24AABCA0522B1ZQ | Gujarat | Active | 01 Jul 2017 |
| 27AABCA0522B1ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Air India Express Limited, buy the company report.
Recent activity
Air India Express Limited has 42 board changes on record since 2007: 6 appointments and 36 cessations. The latest: Basil Yu Duh Kwauk was appointed as Additional Director on 01 Jul 2025.
84 earlier events are in the company report.
News
Frequently asked questions
Air India Express is an active public limited company based in Haryana, India. The company works in air transport services, within the transport and logistics industry. It was incorporated on 09 September 1971 (55+ years old) and is registered under CIN U62100HR1971PLC113015.
Air India Express has 6 current directors:
- Aloke Singh - Managing Director
- Nipun Aggarwal - Director
- Ramesh Prathivadibhayankara Rajagopalan - Director
- Sanjay Sharma - Director
- Alice Geevarghese Vaidyan - Director
- Basil Yu Duh Kwauk - Additional Director
The latest financial statements of Air India Express on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Air India Express is 06AABCA0522B1ZO, registered in Haryana. The company has 36 GST registrations in all, of which 32 are active and 4 are cancelled or inactive. Other active GSTINs include 09AABCA0522B1ZI (Uttar Pradesh), 24AABCA0522B1ZQ (Gujarat), 27AABCA0522B1ZK (Maharashtra).
The CIN (Corporate Identification Number) of Air India Express is U62100HR1971PLC113015. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Air India Express was incorporated on 09 September 1971, making it 55+ years old. It is registered with the Registrar of Companies, Haryana.
Basil Yu Duh Kwauk was appointed as Additional Director on 01 Jul 2025. Nipun Aggarwal ceased to be Director on 21 Apr 2025. Vikas Agarwal ceased to be CFO on 27 Nov 2024. Air India Express has 42 board changes on record in total.
Air India Express has 13 MSME Form 1 returns on record between 2020 and 2024, listing 1,278 overdue payments to 50 micro and small suppliers. The latest return was filed on 22 Apr 2024.
Air India Express can be reached through the website airindiaexpress.com. Its registered office is in Haryana, India.
The registered office of Air India Express is at Block – 4 Vatika One – On – One, Sector – 16 NH – 48, Haryana, India – 122007.
Air India Express operates in the transport and logistics industry, in the air transport services segment.
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