MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-PB-10-0003313
Airwings Services Private Limited - business outsourcing in Jalandhar, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹4.48 Lakh
▼ 89% YoY
Net loss · FY 2022
₹38.2 Lakh
Latest filing
EBITDA · FY 2022
-₹1.16 Lakh
EBITDA margin -25.8%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹30 Lakh
Satisfied ₹14.5 Cr
Company age
49 yrs
Est. 1977
Employees · EPFO
2
Provident fund records
About Airwings Services Private Limited
Data last updated:
Airwings Services Private Limited is a private limited company based in Jalandhar, Punjab, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 05 July 1977 and has been in existence for over 49 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U60231PB1977PTC003750. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Ajay Bhatia (Managing Director) and Saroj Bhatia.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Sahota Building Adjoining Syndicate Bank Opposite Hotel Skylark, Jalandhar, Punjab, India – 144001.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.48 Lakh, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹38.2 Lakh and EBITDA of -₹1.16 Lakh (EBITDA margin -25.8%). Revenue has declined at a compounded annual rate (CAGR) of 57% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹30 Lakh and satisfied charges of ₹14.5 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending.
Airwings Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-10-0003313). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website airwingsgroup.com.
Company details
CIN U60231PB1977PTC003750
Registration Number 003750
Incorporation Date 05 July 1977
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Non-Compliant
MSME Classification Micro
Udyam Registration UDYAM-PB-10-0003313
Recognitions & Rankings of Airwings Services
Contact details
Airwings Services Private Limited's registered office is in Jalandhar, Punjab. Its website is airwingsgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSahota Building Adjoining Syndicate Bank Opposite Hotel Skylark, Jalandhar, Punjab, India – 144001
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Airwings Services Private Limited, buy the company report.
Comprehensive company report
Airwings Services Private Limited - one report that includes everything
- 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
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Financials of Airwings Services Private Limited
FY 2022 filings availableAirwings Services Private Limited reported revenue of ₹4.48 Lakh (down 89% YoY) for FY 2022.
Revenue · FY 2022
₹4.48 Lakh ▼ 89%
Net loss · FY 2022
₹38.2 Lakh
EBITDA · FY 2022
-₹1.16 Lakh margin -25.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 89%
5 years · compounded
▼ 57%
EBITDA CAGR growth
1 year
▲ 70%
5 years · compounded
▼ 15%
Revenue has declined at a compounded annual rate (CAGR) of 57% over five years, including a 89% fall in the latest year. EBITDA rose 70% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Total Expenses | |||||
| EBITDA | -₹1.16 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹38.2 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | -25.8% | ||||
| Net Profit Margin | |||||
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To see the full financial statements and ratios of Airwings Services Private Limited, buy the company report.
Board of directors of Airwings Services Private Limited
Airwings Services has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Bhatia | Managing Director | 28 Aug 1997 | 29 Years 1 Months | Current |
| Saroj Bhatia | Director | 01 Apr 1990 | 36 Years 6 Months | Current |
| Monica Bhatia | Director | 29 Nov 2008 | 17 Years 10 Months | Current |
Peer comparison
Airwings Services Private Limited is compared with the 10 companies closest to it by revenue in the Transport and Logistics industry (Tour and Travel Operators), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Incroyable Holidays by Tripmandi Private Limited | ₹4.55 Lakh (FY 2023) | -33.0% | Delhi, India | |||
| One Travel Park Services Private Limited | ₹4.55 Lakh (FY 2025) | 38.0% | Hyderabad, Telangana, India | |||
| Travelescape Private Limited | ₹4.54 Lakh (FY 2024) | 10.0% | Surat, Gujarat, India | |||
| Tarashakti Hospitality Private Limited | ₹4.49 Lakh (FY 2021) | -91.0% | Kolkta, West Bengal, India | |||
| Kukutrip Holiday Private Limited (OPC) | ₹4.48 Lakh (FY 2025) | 105.0% | Noida, Uttar Pradesh, India | |||
| Airwings Services Private Limitedthis company | ₹4.48 Lakh (FY 2022) | -₹38.2 Lakh | -89.0% | 2 | Jalandhar, Punjab, India | |
| Sai Vacations Sales & Marketing Private Limited | ₹4.47 Lakh (FY 2023) | 1987.0% | Goa, India | |||
| Windrose Tours (OPC) Private Limited | ₹4.46 Lakh (FY 2023) | 4173.0% | Delhi, India | |||
| Holidaytourz Study & Explore Private Limited | ₹4.46 Lakh (FY 2025) | Ernakulam, Kerala, India | ||||
| Ravindralakshmi Travels Private Limited | ₹4.45 Lakh (FY 2021) | -38.0% | Bangalore, Karnataka, India | |||
| Expertise E-Commerce Travel & Tours Solutions Private Limited | ₹4.44 Lakh (FY 2021) | -47.0% | Ernakulam, Kerala, India |
To see the full peer comparison of Airwings Services Private Limited, buy the company report.
Auditor
Airwings Services Private Limited is audited by S K HANS & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S K HANS & CO | FY 2018 | 001936N |
Shareholding
The shareholding of Airwings Services Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Airwings Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹30 Lakh
Satisfied charges
₹14.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2004 | 90183303 | Bank of Punjab Limited | ₹30 Lakh | Open | |
| 14 Nov 2015 | 10607946 | Punjab National Bank | ₹1.5 Cr | Satisfied | |
| 15 Mar 2010 | 10210471 | Oriental Bank of Commerce | ₹7.5 Cr | Satisfied | |
| 05 Mar 2008 | 10107686 | Hdfc Bank Limited | ₹4.5 Cr | Satisfied | |
| 19 Mar 2004 | 90180768 | G. T. Road | ₹1 Cr | Satisfied |
To see the full charge records of Airwings Services Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Airwings Services Private Limited has 2 court cases on record: 2 filed by Airwings Services. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Union of India and Others | Pending |
| District court, Jalandhar, Punjab | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Airwings Services Private 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 Airwings Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Airwings Services Private Limited has a workforce of 2 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
2
Active EPFO establishments
1
Employee growth
-60%
GST
Airwings Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Airwings Services Private Limited, buy the company report.
Recent activity
Airwings Services Private Limited has 6 board changes on record since 1990: 3 appointments and 3 cessations. The latest: Deepak Bhatia ceased to be Managing Director on 20 Jul 2019.
AGM
Airwings Services Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Airwings Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Chandigarh.
Ceased
Deepak Bhatia ceased to be Managing Director.
Ceased
Mona Bhatia ceased to be Director.
Charges
A charge registered on 14 Nov 2015 via Charge ID 10607946 with Punjab National Bank was fully satisfied on 23 May 2017.
Charges
A charge registered on 15 Mar 2010 via Charge ID 10210471 with Oriental Bank Of Commerce was fully satisfied on 23 May 2017.
Charges
A charge with Punjab National Bank amounted to Rs. 1.50 Cr with Charge ID 10607946 was registered on 14 Nov 2015.
Charges
A charge registered on 05 Mar 2008 via Charge ID 10107686 with Hdfc Bank Limited was fully satisfied on 20 Jun 2014.
Charges
A charge with Oriental Bank Of Commerce of Rs. 7.50 Cr registered on 15 Mar 2010 with Charge ID 10210471 was modified on 28 Sep 2012.
Charges
A charge registered on 19 Mar 2004 via Charge ID 90180768 with G. T. Road was fully satisfied on 09 Mar 2011.
Charges
A charge with Hdfc Bank Limited of Rs. 4.50 Cr registered on 05 Mar 2008 with Charge ID 10107686 was modified on 11 Jun 2010.
Charges
A charge with Oriental Bank Of Commerce amounted to Rs. 7.50 Cr with Charge ID 10210471 was registered on 15 Mar 2010.
8 earlier events are in the company report.
Frequently asked questions
Airwings Services is an active private limited company based in Jalandhar, Punjab, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 05 July 1977 (49+ years old) and is registered under CIN U60231PB1977PTC003750.
Airwings Services has 3 current directors:
- Ajay Bhatia - Managing Director
- Saroj Bhatia - Director
- Monica Bhatia - Director
The latest financial statements of Airwings Services on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Airwings Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Airwings Services is U60231PB1977PTC003750. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Airwings Services has 2 court cases on record: 2 filed by the company. 1 is pending. Most are in the district courts.
Airwings Services was incorporated on 05 July 1977, making it 49+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Airwings Services by revenue are Incroyable Holidays by Tripmandi Private Limited, One Travel Park Services Private Limited, Travelescape Private Limited, Tarashakti Hospitality Private Limited, Kukutrip Holiday Private Limited (OPC) and 5 more, all in the Transport and Logistics industry (Tour and Travel Operators).
Deepak Bhatia ceased to be Managing Director on 20 Jul 2019. Mona Bhatia ceased to be Director on 20 Jul 2019. Monica Bhatia ceased to be Additional Director on 30 Sep 2009. Airwings Services has 6 board changes on record in total.
Yes, Airwings Services is registered as a micro enterprise under Udyam registration (number: UDYAM-PB-10-0003313).
Airwings Services can be reached through the website airwingsgroup.com. Its registered office is in Jalandhar, Punjab, India.