About Aircare Projects Limited
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Aircare Projects Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the industrial maintenance and repair services segment of the engineering sector. It was incorporated on 09 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28113GJ2012PLC069764. Its GSTIN is 24AAKCA5877C1ZN (Gujarat).
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹10.81 Lakh. It was formerly known as Aircare Projects Private Limited. It is led by directors including Reena Baiju Joseph and Pruthviraj Champaksinhji Chauhan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No.184 Por Industrial Park Por, Vadodara, Gujarat, India – 391243.
As per the financials filed for FY 2023, the company reported a revenue of ₹39.32 Cr, a growth of 126% compared to the previous year. For the same year it recorded a net profit of ₹68.47 Lakh (net margin 1.7%) and EBITDA of ₹3.22 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 16% over five years.
The company has about 147 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Aircare Projects. As per MCA filings, the company has open charges of ₹21.86 Cr and satisfied charges of ₹19.16 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is 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 aircareprojects.com.
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- Registered AddressPlot No.184 Por Industrial Park Por, Vadodara, Gujarat, India – 391243
- IndustryEngineering, Industrial Maintenance & Repair 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
- One PDF report, delivered after checkout
Financials of Aircare Projects Limited FY 2025 filings available
Aircare Projects Limited reported revenue of ₹39.32 Cr (up 126% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Aircare Projects Limited
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 126% growth in the latest year. EBITDA rose 62% 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 of Aircare Projects Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹39.32 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.22 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹68.47 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 of Aircare Projects Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Aircare Projects are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Aircare Projects Limited
Aircare Projects has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Reena Baiju Joseph | Director | 17 Sep 2016 | 10 Years 0 Months | Current |
| Pruthviraj Champaksinhji Chauhan | Director | 18 Jul 2024 | 2 Years 2 Months | Current |
| Baiju Joseph Also directs: Sterile Aircare Solutions Private Limited | Director | 09 Apr 2012 | 14 Years 5 Months | Current |
Charges & Borrowings of Aircare Projects Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Oct 2025 | Sidbi | ₹18.59 Lakh | Open |
| 28 Aug 2025 | Sidbi | ₹91.9 Lakh | Open |
| 15 May 2024 | Others | ₹10 Cr | Open |
| 29 Feb 2024 | Others | ₹10 Cr | Open |
| 28 Sep 2023 | Others | ₹20.5 Lakh | Open |
Total charge records: 22 View all charges
Legal Cases of Aircare Projects Limited
Aircare Projects Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed. Status as checked between 28 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Mechmaark Filtech India Private Limited | Disposed |
| High Court of Delhi | Commercial suit | Filed against the company by R K Life Care Inc | Pending |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Aircare Projects Limited
Aircare Projects Limited has 7 MSME Form 1 returns on record between 2021 and 2024, listing 1,323 overdue payments to 69 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 69)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Leo Chemo Plast Private Limited | •••• | •••• | •••• |
| Airflow Enterprise | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 7 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Aircare Projects Limited
Aircare Projects operates one associated brand: AIRCARE PROJECTS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of structural metal products, tanks, reservoirs and steam generators | aircareprojects.com |
Employees and EPFO Compliance at Aircare Projects Limited
Employment history and EPFO contributions of people linked to Aircare Projects.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Aircare Projects Limited
Aircare Projects has one previous CIN (Corporate Identification Number): U28113GJ2012PTC069764. The current CIN is U28113GJ2012PLC069764, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28113GJ2012PLC069764 | Current |
| U28113GJ2012PTC069764 | Previous |
Recent Activity on Aircare Projects Limited
Aircare Projects Limited has 8 board changes on record since 2012: 3 appointments and 5 cessations. The latest: Pruthviraj Champaksinhji Chauhan was appointed as Director on 18 Jul 2024.
40 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Aircare Projects Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Aircare Projects Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Aircare Projects Limited
Aircare Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCA5877C1ZN | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Aircare Projects Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Aircare Projects Limited
Aircare Projects is an active public limited company based in Vadodara, Gujarat, India. The company works in industrial maintenance and repair services, within the engineering industry. It was incorporated on 09 April 2012 (14+ years old) and is registered under CIN U28113GJ2012PLC069764.
Aircare Projects reported revenue of ₹39.32 Cr for FY 2023 (up 126% YoY).
Aircare Projects has 3 current directors:
- Reena Baiju Joseph - Director
- Pruthviraj Champaksinhji Chauhan - Director
- Baiju Joseph - Director
Aircare Projects reported a net profit of ₹68.47 Lakh (net margin 1.7%) and EBITDA of ₹3.22 Cr (EBITDA margin 8.2%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aircare Projects is 21% over three years and 16% over five years. In the latest year (FY 2023) revenue rose 126%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Aircare Projects is 24AAKCA5877C1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of Aircare Projects is U28113GJ2012PLC069764. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aircare Projects has 2 court cases on record: 2 filed against it. 1 is pending. Most are in the high courts.
Aircare Projects was incorporated on 09 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Pruthviraj Champaksinhji Chauhan was appointed as Director on 18 Jul 2024. Pruthviraj Champaksinhji Chauhan ceased to be Additional Director on 22 Oct 2020. Reena Baiju Joseph ceased to be Additional Director on 30 Sep 2018. Aircare Projects has 8 board changes on record in total.
Aircare Projects has 7 MSME Form 1 returns on record between 2021 and 2024, listing 1,323 overdue payments to 69 micro and small suppliers. The latest return was filed on 29 Apr 2024.