About Air Works Mro Services Private Limited
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Air Works Mro Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Air Works India (Engineering)Pvt Ltd. It operates in the aircraft maintenance, repair and overhaul segment of the transport and logistics sector. It was incorporated on 17 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63033MH2008PTC177879. Its GSTIN is 27AAGCA8378J1Z4 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹42.25 Lakh. It was formerly known as Air Works Commercial Mro Services Private Limited and Mach Air Sales India Private Limited. It is led by directors Anand Bhaskar Dhanyamraju and Nitin Agarwal.
Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.93 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net profit of ₹1.37 Lakh (net margin 71.3%) and EBITDA of ₹1.38 Lakh (EBITDA margin 71.4%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 39% over five years.
The company has 5 deals on record (3 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹11.97 Cr; the latest was in May 2018.
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.in.
Company details
Name history
Air Works Mro Services has undergone 2 name changes throughout its history. The company was previously known as Air Works Commercial Mro Services Private Limited, and Mach Air Sales India Private Limited. The current legal name is Air Works Mro Services Private Limited.
| Company Name | Status |
|---|---|
| Air Works Mro Services Private Limited | Current |
| Air Works Commercial Mro Services Private Limited | Previous |
| Mach Air Sales India Private Limited | Previous |
Contact details
Air Works Mro Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is airworks.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOffice No. Stilt 7 Ground Floor Tulsi Chs Gb Indulkar Road Vile Parle East Andhe, Ri, Mumbai, Maharashtra, India – 400057
- IndustryTransport and Logistics, Aircraft Maintenance, Repair & Overhaul
To see the full contact details of Air Works Mro Services 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 Air Works Mro Services Private Limited
FY 2025 filings availableAir Works Mro Services Private Limited reported revenue of ₹1.93 Lakh (down 99% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 99% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 39%. EBITDA fell 99% 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 | ₹1.38 Lakh | ||||
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| Net Profit (PAT) | ₹1.37 Lakh | ||||
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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 | 71.4% | ||||
| Net Profit Margin | 71.3% | ||||
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To see the full financial statements and ratios of Air Works Mro Services Private Limited, buy the company report.
Board of directors of Air Works Mro Services Private Limited
Air Works Mro Services has 2 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| 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 | Director | 14 Feb 2018 | 8 Years 8 Months | Current |
| Nitin Agarwal | Director | 03 May 2024 | 2 Years 6 Months | Current |
Auditor
Air Works Mro Services Private Limited is audited by NIRANJAN V SHAH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIRANJAN V SHAH & ASSOCIATES | FY 2023 | 123291W |
Shareholding
The shareholding of Air Works Mro Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Air Works Mro Services Private Limited, buy the company report.
Deals & funding
Air Works Mro Services Private Limited has 5 deals on record (3 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹11.97 Cr; the latest was in May 2018.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2016 | Rights issue | ₹14.62 Cr | Investors: Air Works India (Engineering)Pvt Ltd |
| Mar 2011 | Funding round | ₹11.97 Cr | Investors: Air Works India (Engineering)Pvt Ltd |
| Nov 2010 | Secondary share transfer | Undisclosed | Buyer: Air Works India (Engineering)Pvt Ltd Seller: Air Works India (Engineering) Private Limited & Tarun Pal, Air Works India (Engineering) Private Limited & Ravi Shivdas Menon |
| Apr 2008 | Secondary share transfer | Undisclosed | Buyer: Air Works India (Engineering) Private Limited & Tarun Pal, Air Works India (Engineering)Pvt Ltd , Air Works India (Engineering) Private Limited & Ravi Shivdas Menon Seller: 3 individuals |
To see the full deal history of Air Works Mro Services Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Air Works Mro Services 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 Air Works Mro Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Air Works Mro Services has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCA8378J1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Air Works Mro Services Private Limited, buy the company report.
Recent activity
Air Works Mro Services Private Limited has 32 board changes on record since 2008: 17 appointments and 15 cessations. The latest: Rajat Jain ceased to be Director on 04 May 2024.
23 earlier events are in the company report.
Frequently asked questions
Air Works Mro Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in aircraft maintenance, repair and overhaul, within the transport and logistics industry. It was incorporated on 17 January 2008 (18+ years old) and is registered under CIN U63033MH2008PTC177879.
Air Works Mro Services has 2 current directors:
- Anand Bhaskar Dhanyamraju - Director
- Nitin Agarwal - Director
The latest financial statements of Air Works Mro Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Air Works Mro Services is 27AAGCA8378J1Z4, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Air Works Mro Services is U63033MH2008PTC177879. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Air Works Mro Services was incorporated on 17 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Air Works Mro Services has 5 deals on record (3 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹11.97 Cr; the latest was in May 2018.
Rajat Jain ceased to be Director on 04 May 2024. Nitin Agarwal was appointed as Director on 03 May 2024. Ajay Kumar Singh ceased to be Director on 31 Jan 2024. Air Works Mro Services has 32 board changes on record in total.
Air Works Mro Services can be reached through the website airworks.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Air Works Mro Services is at Office No. Stilt 7 Ground Floor Tulsi Chs Gb Indulkar Road Vile Parle East Andhe, Ri, Mumbai, Maharashtra, India – 400057.
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