About Air Odisha Aviation Private Limited
Data last updated:
Air Odisha Aviation Private Limited was a private limited company based in Bhubaneswar, Odisha, India. The company has been dissolved (liquidated) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the air transport services segment of the transport and logistics sector. It was incorporated on 25 January 2011.
The company was registered with the Registrar of Companies (ROC), Cuttack, under CIN U62200OR2011PTC013043. The company has 4 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It was led by directors including Radhakanta Pani (Managing Director) and Ashutosh Pani.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Plot No Mig – 99 Rajiv Nagar Po. Aiginia, Bhubaneswar, Odisha, India – 751019.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.34 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net loss of ₹33.7 Lakh (net margin -25.1%) and EBITDA of -₹30.71 Lakh (EBITDA margin -22.9%).
The company had about 97 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹12 Cr on record. Court records list 18 cases involving the company, including 7 filed by the company and 11 filed against it; 9 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in February 2018.
The last known website on record is airodisha.com.
Company details
Contact details
Air Odisha Aviation Private Limited's registered office is in Bhubaneswar, Odisha. Its website is airodisha.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No Mig – 99 Rajiv Nagar Po. Aiginia, Bhubaneswar, Odisha, India – 751019
- IndustryTransport and Logistics, Air Transport Services
To see the full contact details of Air Odisha Aviation 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
Business activity
The main business activity of Air Odisha Aviation is transport and storage. In detail, this covers air transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H4 | Air transport |
To see the full business activity and turnover split of Air Odisha Aviation Private Limited, buy the company report.
Financials of Air Odisha Aviation Private Limited
FY 2017 filings availableAir Odisha Aviation Private Limited reported revenue of ₹1.34 Cr (up 25% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 25% in the latest year. EBITDA rose 76% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹1.34 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹30.71 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹33.7 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -22.9% | ||
| Net Profit Margin | -25.1% | ||
| 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 Air Odisha Aviation Private Limited, buy the company report.
Board of directors of Air Odisha Aviation Private Limited
Air Odisha Aviation has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashutosh Pani | Director | 25 Jan 2011 | 15 Years 9 Months | As last reported |
| Manorama Pani Also directs: Aeroserv Odisha Private Limited | Director | 25 Jan 2011 | 15 Years 9 Months | As last reported |
| Radhakanta Pani Also directs: Aeroserv Odisha Private Limited, Sunburn Retreat Private Limited | Managing Director | 25 Jan 2011 | 15 Years 9 Months | As last reported |
Auditor
Air Odisha Aviation Private Limited is audited by SAMANTARAY & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAMANTARAY & CO | FY 2017 | 313155E |
Shareholding
The shareholding of Air Odisha Aviation Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Air Odisha Aviation Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Mar 2018 | 100168207 | State Bank of India | ₹12 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Air Odisha Aviation Private Limited has 1 deal on record (1 acquisition); the latest was in February 2018.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2018 | Acquisition | Undisclosed | Buyer: Monarch Networth Capital Limited , Gsec Aviation Limited. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Air Odisha Aviation Private Limited has 18 court cases on record: 7 filed by Air Odisha Aviation, 11 filed against it. 9 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 8 | 6 |
| High courts | 4 | 0 | 0 |
| Supreme Court | 3 | 3 | 3 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0816-Letter Petition & Pil Matters : SLPs filed against judgments / orders passed by the High Courts in Writ Petitions filed as PIL) | Filed against the company by Interglobe Aviation Ltd (Indigo) Through the Authorised Rep Rahul Kumar Office at Indigo, Level I, Tower C, Global Business Park, Mehrauli , District: Gurgaon ,Gurgaon , Haryana | Pending |
| Supreme Court | Court case (0816-Letter Petition & Pil Matters : SLPs filed against judgments / orders passed by the High Courts in Writ Petitions filed as PIL) | Filed against the company by M/S Jet Airways (India) Ltd. Through Its Dy. General Manager Legal Siroya Centre, Sahar Airport Road, Andheri (E) , District: Mumbai ,Mumbai , Maharashtra | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Sangeeta Aviation Services P Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by M/S Sangeeta Aviation Services Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons warrent Cases SW) | Filed against the company by Sangeeta Aviation Services Pvt Ltd. | Disposed |
To see the full case history of Air Odisha Aviation Private Limited, 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 Air Odisha Aviation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Air Odisha Aviation Private Limited has a workforce of 97 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Air Odisha Aviation has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Air Odisha Aviation Private Limited, buy the company report.
Recent activity
Air Odisha Aviation Private Limited has 5 board changes on record since 2011: 3 appointments and 2 cessations. The latest: Radhakanta Pani ceased to be Director on 21 Aug 2013.
Frequently asked questions
Air Odisha Aviation has been "Dissolved (Liquidated)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Air Odisha Aviation was a private limited company based in Bhubaneswar, Odisha, India. The company worked in air transport services, within the transport and logistics industry. It was incorporated on 25 January 2011 and is registered under CIN U62200OR2011PTC013043. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
Air Odisha Aviation was incorporated on 25 January 2011. It is registered with the Registrar of Companies, Cuttack.
Air Odisha Aviation had 3 directors:
- Radhakanta Pani - Managing Director
- Ashutosh Pani - Director
- Manorama Pani - Director
The CIN (Corporate Identification Number) of Air Odisha Aviation is U62200OR2011PTC013043. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Air Odisha Aviation is at Plot No Mig – 99 Rajiv Nagar Po. Aiginia, Bhubaneswar, Odisha, India – 751019.
Air Odisha Aviation can be reached through the website airodisha.com. Its registered office is in Bhubaneswar, Odisha, India.
The latest financial statements of Air Odisha Aviation on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Air Odisha Aviation has 4 GST registrations on record and all of them are cancelled or inactive.
Air Odisha Aviation operated in the transport and logistics industry, in the air transport services segment.
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