- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-02-0011162

About Airfloa Rail Technology Limited
Data last updated:
Airfloa Rail Technology Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the railway equipment and supply segment of the transport and logistics sector. It was incorporated on 14 December 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L30204TN1998PLC041571. Its GSTIN is 33AACCA9641E1ZY (Tamil Nadu). It is a listed company as per MCA records. Its shares are listed on BSE: 544516.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹23.97 Cr. It is led by directors including Dakshinamoorthy Venkatesan (Managing Director) and Dakshna Moorthy Manikandan (Managing Director).
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at No 9 Chelliamman Koilstreet Keelkttalai Chennai – 117, Tamil Nadu, India – 600117.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹319.6 Cr, a growth of 66.1% compared to the previous year. For the same year it recorded a net profit of ₹39.15 Cr (net margin 12.2%) and EBITDA of ₹64.25 Cr (EBITDA margin 20.1%).
The company has about 164 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Airflow Equipments. As per MCA filings, the company has open charges of ₹213.43 Cr and satisfied charges of ₹56.98 Cr on record. Court records list 17 cases involving the company, including 1 filed by the company and 16 filed against it; 4 cases are pending. The company has 16 deals on record (8 market trades, 4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹28.65 Cr; the latest was in April 2026.
Airfloa Rail Technology Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0011162). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website airflow.co.in.
Company details
CIN history
Airfloa Rail Technology has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L30204TN1998PLC041571, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L30204TN1998PLC041571 | Current |
| U30204TN1998PLC041571 | Previous |
| U29309TN1998PTC041571 | Previous |
Recognitions & Rankings of Airfloa Rail Technology
Contact details
Airfloa Rail Technology Limited's registered office is in Chennai-117, Tamil Nadu.
- Registered AddressNo 9 Chelliamman Koilstreet Keelkttalai Chennai – 117, Tamil Nadu, India – 600117
- IndustryTransport and Logistics, Railway Equipment & Supply
- 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
Airfloa Rail Technology operates one associated brand: Airflow Equipments. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of railway rolling stock integrates with design, analysis, development, and fabrications | airflow.co.in |
Business activity
The main business activity of Airfloa Rail Technology is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles |
To see the full business activity and turnover split of Airfloa Rail Technology Limited, buy the company report.
Financials of Airfloa Rail Technology Limited
FY 2025-26 filings availableAirfloa Rail Technology Limited reported revenue of ₹319.6 Cr (up 66.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Income statement | ||
| Revenue | 320 | 192 |
| Revenue growth | +66.1% | - |
| EBITDA | 64.25 | 48.29 |
| EBITDA margin | +20.1% | +25.1% |
| Profit before tax | 52.67 | 34.97 |
| Net profit | 39.15 | 25.49 |
| Net profit margin | +12.3% | +13.3% |
| EPS (₹) | 18.66 | 14.63 |
| Balance sheet | ||
| Total assets | - | 172 |
| Net worth | - | 111 |
| Total debt | - | 59.98 |
| Cash & bank | - | 3.92 |
| Net working capital | - | 126 |
| Cash flow | ||
| Cash from operations | - | (4.45) |
| Cash from investing | - | (6.16) |
| Cash from financing | - | 12.71 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2006-07 | FY 2005-06 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 320 | 192 | 119 | 95.17 | 137 | 4.27 | 0.95 |
| Revenue growth | +66.1% | +61.3% | +25.4% | -30.8% | - | +349.5% | - |
| EBITDA | 64.25 | 48.30 | 31.81 | 16.55 | 17.08 | 0.17 | 0.05 |
| EBITDA margin | +20.1% | +25.1% | +26.7% | +17.4% | +12.4% | +4.0% | +5.3% |
| Profit before tax | 52.67 | 34.98 | 20.60 | 2.36 | 4.99 | 0.06 | 0.02 |
| Net profit | 39.15 | 25.50 | 14.23 | 1.51 | 2.19 | 0.02 | 0.01 |
| Net profit margin | +12.3% | +13.3% | +11.9% | +1.6% | +1.6% | +0.5% | +1.1% |
| EPS (₹) | 18.67 | 14.64 | 28.49 | 2.99 | 4.39 | 0.80 | 2.00 |
| Balance sheet | |||||||
| Total assets | - | 169 | 121 | 103 | 113 | 1.02 | 0.35 |
| Net worth | - | 108 | 55.99 | 41.75 | 42.11 | 0.30 | 0.23 |
| Total debt | - | 59.98 | 63.81 | 60.22 | 70.66 | 0.72 | 0.12 |
| Cash & bank | - | 3.92 | 1.67 | 3.60 | 12.14 | 0.00 | 0.04 |
| Net working capital | - | 123 | 80.71 | 58.70 | 76.90 | 0.74 | 0.23 |
| Cash flow | |||||||
| Cash from operations | - | (4.43) | 3.46 | 10.08 | - | - | - |
| Cash from investing | - | (6.17) | 3.19 | 2.58 | - | - | - |
| Cash from financing | - | 12.70 | (7.48) | (20.64) | - | - | - |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Revenue | 320 | 192 |
| Revenue growth | +66.1% | - |
| Other income | 0.47 | 0.28 |
| Total expenses | 255 | 144 |
| Employee cost | 0.00 | 11.04 |
| EBITDA | 64.25 | 48.29 |
| EBITDA margin | +20.1% | +25.1% |
| Depreciation | 3.47 | 2.53 |
| Interest | 8.58 | 11.07 |
| Profit before tax | 52.67 | 34.97 |
| Tax | 13.52 | 9.42 |
| Net profit | 39.15 | 25.49 |
| Net profit margin | +12.3% | +13.3% |
| EPS (₹) | 18.66 | 14.63 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Equity & liabilities | ||
| Share capital | - | 17.46 |
| Reserves & surplus | - | 93.34 |
| Shareholders' funds (net worth) | - | 111 |
| Minority interest | - | 0.62 |
| Secured loans | - | 57.39 |
| Unsecured loans | - | 2.59 |
| Total debt | - | 59.98 |
| Total liabilities | - | 172 |
| Assets | ||
| Gross block | - | 65.08 |
| Net block | - | 36.76 |
| Capital work in progress | - | 0.00 |
| Investments | - | 0.00 |
| Inventories | - | 62.44 |
| Sundry debtors | - | 128 |
| Cash & bank balances | - | 3.92 |
| Loans & advances | - | 16.93 |
| Total current assets | - | 211 |
| Total current liabilities | - | 84.88 |
| Net working capital | - | 126 |
| Total assets | - | 172 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Opening cash | - | 0.24 |
| Net cash from operating activities | - | (4.45) |
| Net cash from investing activities | - | (6.16) |
| Net cash from financing activities | - | 12.71 |
| Net change in cash | - | 2.11 |
| Closing cash | - | 3.92 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Growth | ||
| Sales growth | +66.1% | - |
| EBITDA growth | +33.1% | - |
| PBT growth | +50.6% | +9997.0% |
| Net income growth | +53.6% | - |
| Profitability & leverage | ||
| Net income margin | +12.3% | +13.3% |
| Return on capital employed | - | +26.9% |
| Return on net worth | - | +23.1% |
| Debt / equity | - | 0.54 |
| Long-term debt / equity | - | 0.01 |
| Interest cover | 14.12 | 24.19 |
| Efficiency & per share | ||
| Fixed asset turnover | - | 2.96 |
| Inventory turnover | - | 3.08 |
| Debtors turnover | - | 1.51 |
| EPS (₹) | 18.66 | 14.63 |
| Dividend per share (₹) | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 63.45 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2006-07 | FY 2005-06 |
|---|---|---|---|---|---|---|---|
| Revenue | 320 | 192 | 119 | 95.17 | 137 | 4.27 | 0.95 |
| Revenue growth | +66.1% | +61.3% | +25.4% | -30.8% | - | +349.5% | - |
| Other income | 0.47 | 0.28 | 3.57 | 0.16 | 0.13 | 0.00 | 0.00 |
| Total expenses | 255 | 144 | 87.49 | 78.62 | 120 | 4.10 | 0.90 |
| Employee cost | 0.00 | 11.04 | 9.00 | 11.45 | 16.47 | 0.83 | 0.11 |
| EBITDA | 64.25 | 48.30 | 31.81 | 16.55 | 17.08 | 0.17 | 0.05 |
| EBITDA margin | +20.1% | +25.1% | +26.7% | +17.4% | +12.4% | +4.0% | +5.3% |
| Depreciation | 3.47 | 2.53 | 2.93 | 3.13 | 3.40 | 0.09 | 0.01 |
| Interest | 8.58 | 11.07 | 11.85 | 11.22 | 8.82 | 0.02 | 0.02 |
| Profit before tax | 52.67 | 34.98 | 20.60 | 2.36 | 4.99 | 0.06 | 0.02 |
| Tax | 13.52 | 9.42 | 6.37 | 0.85 | 2.80 | 0.04 | 0.01 |
| Net profit | 39.15 | 25.50 | 14.23 | 1.51 | 2.19 | 0.02 | 0.01 |
| Net profit margin | +12.3% | +13.3% | +11.9% | +1.6% | +1.6% | +0.5% | +1.1% |
| EPS (₹) | 18.67 | 14.64 | 28.49 | 2.99 | 4.39 | 0.80 | 2.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2006-07 | FY 2005-06 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 17.46 | 5.00 | 5.00 | 5.00 | 0.25 | 0.05 |
| Reserves & surplus | - | 90.98 | 50.99 | 36.75 | 37.11 | 0.05 | 0.18 |
| Shareholders' funds (net worth) | - | 108 | 55.99 | 41.75 | 42.11 | 0.30 | 0.23 |
| Secured loans | - | 57.39 | 60.52 | 56.70 | 64.51 | 0.36 | 0.00 |
| Unsecured loans | - | 2.59 | 3.29 | 3.52 | 6.15 | 0.36 | 0.12 |
| Total debt | - | 59.98 | 63.81 | 60.22 | 70.66 | 0.72 | 0.12 |
| Total liabilities | - | 169 | 121 | 103 | 113 | 1.02 | 0.35 |
| Assets | |||||||
| Gross block | - | 65.08 | 59.96 | 59.06 | 57.01 | 0.37 | 0.14 |
| Net block | - | 36.76 | 33.65 | 35.68 | 36.76 | 0.28 | 0.13 |
| Capital work in progress | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | - | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | - | 62.44 | 45.80 | 50.32 | 40.47 | 0.17 | 0.10 |
| Sundry debtors | - | 128 | 102 | 48.77 | 66.96 | 1.37 | 0.29 |
| Cash & bank balances | - | 3.92 | 1.67 | 3.60 | 12.14 | 0.00 | 0.04 |
| Loans & advances | - | 15.75 | 12.92 | 17.06 | 4.99 | 0.02 | 0.02 |
| Total current assets | - | 210 | 162 | 120 | 125 | 1.56 | 0.45 |
| Total current liabilities | - | 86.69 | 81.39 | 61.05 | 47.66 | 0.82 | 0.22 |
| Net working capital | - | 123 | 80.71 | 58.70 | 76.90 | 0.74 | 0.23 |
| Total assets | - | 169 | 121 | 103 | 113 | 1.02 | 0.35 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2006-07 | FY 2005-06 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 0.24 | 1.07 | 9.05 | - | - | - |
| Net cash from operating activities | - | (4.43) | 3.46 | 10.08 | - | - | - |
| Net cash from investing activities | - | (6.17) | 3.19 | 2.58 | - | - | - |
| Net cash from financing activities | - | 12.70 | (7.48) | (20.64) | - | - | - |
| Net change in cash | - | 2.10 | (0.83) | (7.98) | - | - | - |
| Closing cash | - | 3.92 | 1.67 | 3.60 | - | - | - |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2006-07 | FY 2005-06 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +66.1% | +61.3% | +25.4% | -30.8% | - | +349.5% | - |
| EBITDA growth | +33.0% | +51.8% | +92.2% | -3.1% | - | +240.0% | - |
| PBT growth | +50.6% | +69.8% | +772.9% | -52.7% | +8216.7% | +200.0% | -66.7% |
| Net income growth | +53.5% | +79.2% | +842.4% | -31.1% | - | +100.0% | - |
| Revenue CAGR (3Y) | +49.8% | +11.9% | +203.4% | +364.4% | +374.1% | - | - |
| EBITDA CAGR (3Y) | +57.2% | +41.4% | +472.0% | +591.7% | +497.7% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +12.3% | +13.3% | +11.9% | +1.6% | +1.6% | +0.5% | +1.1% |
| Return on capital employed | - | +31.8% | +29.1% | +12.6% | +12.3% | +11.7% | +9.9% |
| Return on net worth | - | +31.1% | +29.1% | +3.6% | +5.2% | +7.6% | +4.4% |
| Debt / equity | - | 0.75 | 1.27 | 1.56 | 1.68 | 1.58 | 0.80 |
| Long-term debt / equity | - | 0.01 | 0.00 | 0.15 | 0.29 | 1.17 | 0.64 |
| Interest cover | 14.12 | 24.19 | 41.03 | 83.61 | 64.47 | 25.00 | 50.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 3.08 | 2.00 | 1.64 | 2.41 | 16.75 | 6.79 |
| Inventory turnover | - | 3.55 | 2.48 | 2.10 | 3.40 | 31.63 | 11.18 |
| Debtors turnover | - | 1.68 | 1.59 | 1.64 | 2.05 | 5.14 | 2.38 |
| EPS (₹) | 18.67 | 14.64 | 28.49 | 2.99 | 4.39 | 0.80 | 2.00 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 62.10 | 112.07 | 83.58 | 84.29 | 12.00 | 46.00 |
To see the full year-wise statements and ratios of Airfloa Rail Technology Limited, buy the company report.
Board of directors of Airfloa Rail Technology Limited
Airfloa Rail Technology has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dakshinamoorthy Venkatesan | Managing Director | 14 Dec 1998 | 27 Years 10 Months | Current |
| Dakshna Moorthy Manikandan | Managing Director | 18 Aug 2005 | 21 Years 2 Months | Current |
| Tilak Raj Seth | Director | 28 Aug 2024 | 2 Years 2 Months | Current |
| Manikandan Nanthini | Director | 24 Jul 2024 | 2 Years 3 Months | Current |
| Venkatesan Sathishkumar | Whole-Time Director | 24 Jul 2024 | 2 Years 3 Months | Current |
| Sudhanshu Mani Also directs: Frontier Springs Limited., Rockwell Industries Limited, Live Eye News Services Private Limited and 2 more | Director | 24 Jul 2024 | 2 Years 3 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2026 | 101384499 | Others | ₹50 Cr | Open | |
| 04 Jun 2026 | 101306951 | Others | ₹60 Cr | Open | |
| 06 Feb 2026 | 101229823 | Others | ₹9.5 Cr | Open | |
| 06 Feb 2026 | 101229842 | Others | ₹11.5 Cr | Open | |
| 16 Jul 2025 | 101136895 | Sidbi | ₹3.13 Cr | Open |
To see the full charge records of Airfloa Rail Technology Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Airfloa Rail Technology Limited has 16 deals on record (8 market trades, 4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹28.65 Cr; the latest was in April 2026.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Market trade | ₹11.37 Cr | Buyer: an individual Seller: F3 Advisors Private Limited |
| Sep 2025 | Market trade | ₹39.59 Cr | Buyer: F3 Advisors Private Limited Seller: Pace Stock Broking Services Private Limited, Neo Apex Venture LLP , Growth Securities Private Limited , an individual |
| Sep 2025 | Market trade | ₹5.59 Cr | Buyer: Neo Apex Venture LLP |
| Sep 2025 | Market trade | ₹28.12 Cr | Buyer: Pace Stock Broking Services Private Limited, Growth Securities Private Limited , an individual |
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Ninedot Fortune Builders LLP , 3 individuals |
To see the full deal history of Airfloa Rail Technology 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
Airfloa Rail Technology Limited has 17 court cases on record: 1 filed by Airfloa Rail Technology, 16 filed against it. 4 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 14 | 4 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by Om India Stainless Tube Limited | Pending |
| District court, Chengalpattu, Tamil Nadu | Court case (COS) | Filed against the company by M/S Ark Info Solutions Pvt Ltd, Rep by Its Authorized Signatory Mr.Karthick.K | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Aditya Birla Finance Ltd | Pending |
| District court, Chengalpattu, Tamil Nadu | Court case (COS) | Filed against the company by M/S Ark Info Solutions Pvt Ltd, Rep by Its Authorized Signatory Mr.Karthick.K | Disposed |
| District court, Chengalpattu, Tamil Nadu | Civil suit | Filed against the company by M/S Ark Info Solutions Pvt Ltd, Rep by Its Authorized Signatory Mr.Karthick.K | Disposed |
To see the full case history of Airfloa Rail Technology 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 Airfloa Rail Technology Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Airfloa Rail Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCA9641E1ZY | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Airfloa Rail Technology Limited, buy the company report.
Recent activity
Airfloa Rail Technology Limited has 14 board changes on record since 1998: 6 appointments and 8 cessations. The latest: Sivakumar Thyagarajan ceased to be Company Secretary on 13 Nov 2025.
33 earlier events are in the company report.
News
Frequently asked questions
Airfloa Rail Technology is an active public limited company based in Chennai, Tamil Nadu, India. The company works in railway equipment and supply, within the transport and logistics industry. It was incorporated on 14 December 1998 (28+ years old) and is registered under CIN L30204TN1998PLC041571. Listed on BSE: 544516.
Airfloa Rail Technology reported revenue of ₹319.6 Cr for FY 2025-26 (up 66.1% YoY) based on consolidated financials.
Airfloa Rail Technology has 6 current directors:
- Dakshinamoorthy Venkatesan - Managing Director
- Dakshna Moorthy Manikandan - Managing Director
- Venkatesan Sathishkumar - Whole-Time Director
- Tilak Raj Seth - Director
- Manikandan Nanthini - Director
- Sudhanshu Mani - Director
The latest financial statements of Airfloa Rail Technology on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 15 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Airfloa Rail Technology is 33AACCA9641E1ZY, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Airfloa Rail Technology is L30204TN1998PLC041571. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Airfloa Rail Technology is a listed company as per MCA records. Its shares are listed on BSE (code: 544516).
Airfloa Rail Technology has 17 court cases on record: 1 filed by the company and 16 filed against it. 4 are pending. Most are in the district courts.
Airfloa Rail Technology was incorporated on 14 December 1998, making it 28+ years old. It is registered with the Registrar of Companies, Chennai.
Airfloa Rail Technology has 16 deals on record (8 market trades, 4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹28.65 Cr; the latest was in April 2026.