About Air Works India (Engineering)Pvt Ltd
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Air Works India (Engineering)Pvt Ltd is a private limited company based in Mumbai, Maharashtra, India. It operates in the aircraft maintenance segment of the transport and logistics sector. It was incorporated on 11 September 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74210MH1986PTC040889. Its GSTIN is 27AABCA1069P1ZF (Maharashtra). The company holds 17 GST registrations, of which 16 are active.
The company has an authorised share capital of ₹56.11 Cr and a paid-up capital of ₹50.51 Cr. It is led by directors including Anand Bhaskar Dhanyamraju (Managing Director) and Vipul Agarwal.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bombay International Air Portgate No 8 Santacruz E, Mumbai, Maharashtra, India – 400029.
As per the financials filed for FY 2026, the company reported a revenue of ₹700.11 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹93.31 Cr (net margin 13.3%) and EBITDA of ₹166.87 Cr (EBITDA margin 23.8%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 23% over five years.
Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: GTI Capital Group and Air Works Group. As per MCA filings, the company has open charges of ₹151.28 Cr and satisfied charges of ₹982.7 Cr on record. Court records list 92 cases involving the company, including 44 filed by the company and 48 filed against it; 32 cases are pending. The company has 28 deals on record (17 secondary share transfers, 10 funding rounds, 1 debt financing), with disclosed funding of ₹374.39 Cr; the latest was in March 2026. The company has 32 MSME Form 1 returns on record between 2015 and 2024, listing 7,237 overdue payments to 254 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website airworks.aero.
Company details
Contact details
Air Works India (Engineering)Pvt Ltd's registered office is in Mumbai, Maharashtra. Its website is airworks.aero. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBombay International Air Portgate No 8 Santacruz E, Mumbai, Maharashtra, India – 400029
- IndustryTransport and Logistics, Aircraft Maintenance, Repair & Overhaul
To see the full contact details of Air Works India (Engineering)Pvt 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
Brands
Air Works India (Engineering) operates two associated brands: GTI Capital Group and Air Works Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Potato farming, grain marketing, and equipment services are conducted in Maine. | gticapitalgroup.com | |
| Provider of aviation maintenance, repair, and overhaul services for aircraft industry | airworks.aero |
Business activity
The main business activity of Air Works India (Engineering) is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Air Works India (Engineering)Pvt Ltd, buy the company report.
Financials of Air Works India (Engineering)Pvt Ltd
FY 2025 filings availableAir Works India (Engineering)Pvt Ltd reported revenue of ₹700.11 Cr (up 21% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 21% growth in the latest year. EBITDA rose 69% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹166.87 Cr | ||||
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| Net Profit (PAT) | ₹93.31 Cr | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.8% | ||||
| Net Profit Margin | 13.3% | ||||
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To see the full financial statements and ratios of Air Works India (Engineering)Pvt Ltd, buy the company report.
Board of directors and KMP of Air Works India (Engineering)Pvt Ltd
Air Works India (Engineering)Pvt Ltd currently reports 4 directors and 2 key managerial personnel. 26 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vipul Agarwal Also directs: PLR Systems (India) Limited, Ordefence Systems Limited | Director | 02 Jul 2025 | 1 Years 3 Months | Current |
| Dharmeshkumar Bhupendrabhai Patel Also directs: PLR Systems (India) Limited, Astraeus Services Ifsc Limited, Ordefence Systems Limited and 1 more | Director | 02 Jul 2025 | 1 Years 3 Months | Current |
| Nitin Agarwal | Cfo | 08 Feb 2024 | 2 Years 8 Months | Current |
| Anand Bhaskar Dhanyamraju Also directs: Semasa Air Works India Private Limited, Sa Air Works India Private Limited, Falcon Aviation Services Private Limited and 2 more | Managing Director | 22 Mar 2023 | 3 Years 7 Months | Current |
| Ashok Wadhawan Also directs: Astraan Defence Limited, PLR Systems (India) Limited, Astraeus Services Ifsc Limited and 5 more | Director | 02 Jul 2025 | 1 Years 3 Months | Current |
| Deepak Goyal | Company Secretary | 07 Jan 2019 | 7 Years 9 Months | Current |
Auditor
Air Works India (Engineering)Pvt Ltd is audited by Walker Chandiok& Co LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok& Co LLP | FY 2024 | 001076N/N500013 |
Shareholding
The shareholding of Air Works India (Engineering)Pvt Ltd is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Air Works India (Engineering)Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2024 | 101025368 | Others | ₹30 Cr | Open | |
| 29 Dec 2022 | 100671235 | Axis Bank Limited | ₹3.28 Cr | Open | |
| 31 Jan 2022 | 100542054 | Axis Bank Limited | ₹10.9 Cr | Open | |
| 21 Sep 2021 | 100484059 | Hdfc Bank Limited | ₹3.85 Cr | Open | |
| 20 Aug 2021 | 100470801 | Others | ₹2.95 Cr | Open |
To see the full charge records of Air Works India (Engineering)Pvt Ltd, buy the company report.
Total charge records: 27 View all charges
Deals & funding
Air Works India (Engineering)Pvt Ltd has 28 deals on record (17 secondary share transfers, 10 funding rounds, 1 debt financing), with disclosed funding of ₹374.39 Cr; the latest was in March 2026.
Deals on record (5 of 28)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Secondary share transfer | Undisclosed | Buyer: Adani Defence Systems and Technologies Limited Seller: Punj Lloyd Aviation Limited |
| Oct 2025 | Secondary share transfer | Undisclosed | Buyer: Adani Defence Systems and Technologies Limited , an individual Seller: Esop - Air Works Employees Welfare Trust |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Elephant India Finance Private Limited Seller: Elephant Capital |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: Elephant India Finance Private Limited , an individual Seller: 3 individuals |
| Aug 2011 | Secondary share transfer | Undisclosed | Buyer: Elephant India Finance Private Limited Seller: 2 individuals |
To see the full deal history of Air Works India (Engineering)Pvt Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Air Works India (Engineering)Pvt Ltd has 92 court cases on record: 44 filed by Air Works India (Engineering), 48 filed against it. 32 cases are pending and 60 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 58 | 33 | 25 |
| High courts | 33 | 14 | 7 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 92)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Affordable Infrastructure and Housing Projects Pvt. Ltd | Pending |
| District court, South, Delhi | Court case (Ex.COMM - Award by Arb. Comm.) | Filed by the company against Affordable Infrastructure and Housing Projects Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Sotc Travel Limited Through Constituted Attorney Mr Tausif Kazi | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Air Pegasus Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Sotc Travel Limited. | Disposed |
To see the full case history of Air Works India (Engineering)Pvt 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.
Credit ratings & regulatory alerts
Air Works India (Engineering)Pvt Ltd was last rated by Crisil on 23 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 23 Mar 2021 |
To see the full credit ratings and regulatory alerts of Air Works India (Engineering)Pvt Ltd, buy the company report.
MSME payment delays
Air Works India (Engineering)Pvt Ltd has 32 MSME Form 1 returns on record between 2015 and 2024, listing 7,237 overdue payments to 254 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 254)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Forecore Professionals Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Tentacle Aerologistix Private Limited |
To see the full MSME payment records of Air Works India (Engineering)Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Air Works India (Engineering) has 2 subsidiary companies and 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sa Air Works India Pvt. Ltd. | U63013MH2010PTC260800 | |
| Air Works Mro Services Private Li | U63033MH2008PTC177879 |
To see the full group structure of Air Works India (Engineering)Pvt Ltd, buy the company report.
GST
Air Works India (Engineering) has 17 GST registrations: 16 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCA1069P1ZF | Maharashtra | Active | 01 Jul 2017 |
| 06AABCA1069P1ZJ | Haryana | Active | 01 Jul 2017 |
| 07AABCA1069P1ZH | Delhi | Active | 01 Jul 2017 |
| 29AABCA1069P1ZB | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Air Works India (Engineering)Pvt Ltd, buy the company report.
Recent activity
Air Works India (Engineering)Pvt Ltd has 30 board changes on record since 2009: 6 appointments and 24 cessations. The latest: Ashok Wadhawan ceased to be Additional Director on 28 Sep 2025.
72 earlier events are in the company report.
News
Frequently asked questions
Air Works India (Engineering) is an active private limited company based in Mumbai, Maharashtra, India. The company works in aircraft maintenance, within the transport and logistics industry. It was incorporated on 11 September 1986 (40+ years old) and is registered under CIN U74210MH1986PTC040889.
Air Works India (Engineering) has 6 current directors and KMP:
- Anand Bhaskar Dhanyamraju - Managing Director
- Vipul Agarwal - Director
- Dharmeshkumar Bhupendrabhai Patel - Director
- Ashok Wadhawan - Director
- Nitin Agarwal - Cfo
- Deepak Goyal - Company Secretary
The latest financial statements of Air Works India (Engineering) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Air Works India (Engineering) is 27AABCA1069P1ZF, registered in Maharashtra. The company has 17 GST registrations in all, of which 16 are active and 1 is cancelled or inactive. Other active GSTINs include 06AABCA1069P1ZJ (Haryana), 07AABCA1069P1ZH (Delhi), 29AABCA1069P1ZB (Karnataka).
The CIN (Corporate Identification Number) of Air Works India (Engineering) is U74210MH1986PTC040889. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Air Works India (Engineering) has 92 court cases on record: 44 filed by the company and 48 filed against it. 32 are pending. Most are in the district courts.
Air Works India (Engineering) was incorporated on 11 September 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
Air Works India (Engineering) has 28 deals on record (17 secondary share transfers, 10 funding rounds, 1 debt financing), with disclosed funding of ₹374.39 Cr; the latest was in March 2026.
Ashok Wadhawan ceased to be Additional Director on 28 Sep 2025. Dharmeshkumar Bhupendrabhai Patel ceased to be Additional Director on 28 Sep 2025. Vipul Agarwal ceased to be Additional Director on 28 Sep 2025. Air Works India (Engineering) has 30 board changes on record in total.
Air Works India (Engineering) has 32 MSME Form 1 returns on record between 2015 and 2024, listing 7,237 overdue payments to 254 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Air Works India (Engineering) can be reached through the website airworks.aero. Its registered office is in Mumbai, Maharashtra, India.