About Airef Engineers Private Limited
Data last updated:
Airef Engineers Private Limited is a private limited company based in Delhi, India. It operates in the procurement and construction (epc) segment of the engineering sector. It was incorporated on 02 November 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1995PTC073590. Its GSTIN is 07AADCA8285H1ZG (Delhi). The company holds 15 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹76 Lakh. It is led by directors including Mahesh Monga (Managing Director) and Rajesh Monga (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 117 Tagore Park Model Town, Delhi, India – 110009.
As per the financials filed for FY 2025, the company reported a revenue of ₹147.9 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹4.73 Cr (net margin 3.2%) and EBITDA of ₹15.5 Cr (EBITDA margin 10.5%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 1% over five years.
The company has about 462 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Airef Engineers. As per MCA filings, the company has open charges of ₹144.48 Cr and satisfied charges of ₹95.12 Cr on record. Court records list 47 cases involving the company, including 22 filed by the company and 22 filed against it; 11 cases are pending. The company has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹66 Lakh; the latest was in August 2024. Its 10 peer companies in the Engineering industry (Engineering Procurement and Construction) are compared by revenue, 5 larger and 5 smaller; the largest is Fab-Tech Works & Constructions Private Limited with revenue of ₹154.1 Cr. The company has 18 MSME Form 1 returns on record between 2014 and 2024, listing 484 overdue payments to 195 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 airefengineers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address117 Tagore Park Model Town, Delhi, India – 110009
- IndustryEngineering, Procurement & Construction (EPC), Engineering
- 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
Business Activity of Airef Engineers Private Limited
The main business activities of Airef Engineers are construction, manufacturing and support service to organizations. In detail, this covers roads, railways, utility projects, electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and other support services to organizations. 3 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Airef Engineers Private Limited FY 2025 filings available
Airef Engineers Private Limited reported revenue of ₹147.9 Cr (down 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Airef Engineers Private Limited
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 46% 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 Airef Engineers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹15.5 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.73 Cr | •••• | •••• | •••• | •••• |
| 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 Airef Engineers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.2% | •••• | •••• | •••• | •••• |
| 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 Airef Engineers 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.
Peer Comparison of Airef Engineers Private Limited
Airef Engineers Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Engineering Procurement and Construction). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fab-Tech Works & Constructions Private Limited | ₹154.1 Cr (FY 2025) | •••• | •••• | -47.0% | •••• | Mumbai, Maharashtra, India |
| Mag India Industrial Automation Systems Private Limited | ₹153.58 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Bengaluru, Karnataka, India |
| Supreme Allied Services Private Limited | ₹152.81 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Mumbai, Maharashtra, India |
| Moa Engineering Private Limited | ₹152.05 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Kancheepuram, Tamil Nadu, India |
| Samsung C&T India Private Limited | ₹151.91 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Gurgaon, Haryana, India |
| Airef Engineers Private Limited this company | ₹147.9 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Delhi, India |
| Citadel Research and Solutions Limited | ₹147.2 Cr (FY 2024) | •••• | •••• | -55.0% | •••• | Hyderabad, Andhra Pradesh, Telangana, India |
| Ramsangam Projects Private Limited | ₹147.18 Cr (FY 2025) | •••• | •••• | 89.0% | •••• | Mumbai, Maharashtra, India |
| Blueladder Epc Solutions Private Limited | ₹147.17 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Nagpur, Maharashtra, India |
| Uhp Technologies Private Limited | ₹146.7 Cr (FY 2024) | •••• | •••• | 166.0% | •••• | Bangalore, Karnataka, India |
| VRL Automation Engineering & Projects Private Limited | ₹145.62 Cr (FY 2025) | •••• | •••• | 71.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Airef Engineers by revenue in the Engineering industry (Engineering Procurement and Construction), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Airef Engineers Private Limited
Airef Engineers Private Limited is audited by Goel Sharma & Associates, Chartered Accountants for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Goel Sharma & Associates, Chartered Accountants | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Airef Engineers Private Limited
Airef Engineers has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Monga | Whole-Time Director | 02 Nov 1995 | 30 Years 11 Months | Current |
| Gagan Gupta | Whole-Time Director | 28 May 2021 | 5 Years 4 Months | Current |
| Gunjan Monga Also directs: Feria International Private Limited | Whole-Time Director | 30 Aug 2022 | 4 Years 1 Months | Current |
| Manish Monga | Director | 03 Jan 2024 | 2 Years 9 Months | Current |
| Mahesh Monga Also directs: Feria International Private Limited | Managing Director | 02 Nov 1995 | 30 Years 11 Months | Current |
Ownership and Shareholding of Airef Engineers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Airef Engineers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Nov 2024 | Hdfc Bank Limited | ₹25 Lakh | Open |
| 12 Feb 2024 | Hdfc Bank Limited | ₹16 Lakh | Open |
| 25 Aug 2023 | Axis Bank Limited | ₹47 Lakh | Open |
| 30 Mar 2023 | Axis Bank Limited | ₹59.68 Lakh | Open |
| 08 Feb 2021 | Hdfc Bank Limited | ₹68 Cr | Open |
Total charge records: 17 View all charges
Deals & Funding of Airef Engineers Private Limited
Airef Engineers Private Limited has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹66 Lakh; the latest was in August 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Funding round | ₹16 Lakh | Investors: 3 individuals |
| Dec 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Airef Engineers Private Limited
Airef Engineers Private Limited has 47 court cases on record: 22 filed by Airef Engineers, 22 filed against it, 3 where it is another party. 11 cases are pending and 36 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 19 | 7 |
| High courts | 14 | 3 | 3 |
| Supreme Court | 2 | 0 | 1 |
Cases on record (5 of 47)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Revision petition | Filed against the company by Bijay Laxmi Earth Movers Private Limited | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed by the company against Bijay Laxmi Earth Movers Private Limited | Pending |
| District court, North, Delhi | Court case (CS (COMM.)) | Filed against the company by BBR (India) Private Limited | Disposed |
| District court, Mangan, Sikkim | Civil suit | Filed against the company by Bijay Laxmi Earth Movers Private Limited | Disposed |
| District court, Solan, Himachal Pradesh | Court case (Motor Vehc Act) | Filed against the company by State of HP | Pending |
Full case history
All 47 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 Airef Engineers Private Limited
Airef Engineers Private Limited has 18 MSME Form 1 returns on record between 2014 and 2024, listing 484 overdue payments to 195 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 195)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Setwell Coatings (India) Private Limited | •••• | •••• | •••• |
| System and Renewable Control | •••• | •••• | •••• |
| Infinitude International Private Limited | •••• | •••• | •••• |
| Jaiswal Construction & Piletech Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 18 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 Airef Engineers Private Limited
Airef Engineers operates one associated brand: Airef Engineers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Engineering services in HVAC, refrigeration, and electrification in India. | airefengineers.com |
Employees and EPFO Compliance at Airef Engineers Private Limited
Airef Engineers Private Limited has a workforce of 462 employees as of Apr 06, 2024.
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.
Recent Activity on Airef Engineers Private Limited
Airef Engineers Private Limited has 11 board changes on record since 1995: 5 appointments and 6 cessations. The latest: Manish Monga ceased to be Additional Director on 29 Sep 2024.
33 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Airef Engineers Private 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 Airef Engineers Private 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 Airef Engineers Private Limited
Airef Engineers has 15 GST registrations: 11 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCA8285H1ZG | Delhi | Active | 01 Jul 2017 |
| 06AADCA8285H1ZI | Haryana | Active | 01 Jul 2017 |
| 08AADCA8285H1ZE | Rajasthan | Active | 01 Jul 2017 |
| 09AADCA8285H1ZC | Uttar Pradesh | 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 Airef Engineers Private 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 Airef Engineers Private Limited
Airef Engineers is an active private limited company based in Delhi, India. The company works in procurement and construction (epc), within the engineering industry. It was incorporated on 02 November 1995 (31+ years old) and is registered under CIN U74899DL1995PTC073590.
Airef Engineers reported revenue of ₹147.9 Cr for FY 2025 (down 16% YoY).
Airef Engineers has 5 current directors:
- Mahesh Monga - Managing Director
- Rajesh Monga - Whole-Time Director
- Gagan Gupta - Whole-Time Director
- Gunjan Monga - Whole-Time Director
- Manish Monga - Director
Airef Engineers reported a net profit of ₹4.73 Cr (net margin 3.2%) and EBITDA of ₹15.5 Cr (EBITDA margin 10.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Airef Engineers is -13% over three years and 1% over five years. In the latest year (FY 2025) revenue fell 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Airef Engineers is 07AADCA8285H1ZG, registered in Delhi. The company has 15 GST registrations in all, of which 11 are active and 4 are cancelled or inactive. Other active GSTINs include 06AADCA8285H1ZI (Haryana), 08AADCA8285H1ZE (Rajasthan), 09AADCA8285H1ZC (Uttar Pradesh).
The CIN (Corporate Identification Number) of Airef Engineers is U74899DL1995PTC073590. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Airef Engineers has 47 court cases on record: 22 filed by the company and 22 filed against it. 11 are pending. Most are in the district courts.
Airef Engineers was incorporated on 02 November 1995, making it 31+ years old. It is registered with the Registrar of Companies, Delhi.
Airef Engineers has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹66 Lakh; the latest was in August 2024.
The peers of Airef Engineers by revenue are Fab-Tech Works & Constructions Private Limited, Mag India Industrial Automation Systems Private Limited, Supreme Allied Services Private Limited, Moa Engineering Private Limited, Samsung C&T India Private Limited and 5 more, all in the Engineering industry (Engineering Procurement and Construction).
Manish Monga ceased to be Additional Director on 29 Sep 2024. Manish Monga was appointed as Director on 03 Jan 2024. Gunjan Monga was appointed as Whole-Time Director on 30 Aug 2022. Airef Engineers has 11 board changes on record in total.