About Aix Connect Private Limited
Data last updated:
Aix Connect Private Limited was a private limited company based in Haryana, India, operated as a subsidiary of Air India Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the air transport services segment of the transport and logistics sector. It was incorporated on 28 March 2013.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U62200HR2013PTC113301. Its GSTIN is 06AALCA4699P1ZR (Haryana). The company held 23 GST registrations, of which 21 are active.
The company had an authorised share capital of ₹10,000 Cr and a paid-up capital of ₹4,195 Cr. It was formerly known as Airasia (India) Private Limited. It was led by directors including Aloke Singh (Managing Director) and Nipun Aggarwal.
Its last annual general meeting (AGM) was held on 13 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Block – 4 Vatika One On Sector – 16, NH – 48 India, Haryana, India – 122007.
As per the financials filed for FY 2024, the company reported a revenue of ₹5,476.4 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net loss of ₹1,149.14 Cr (net margin -21%) and EBITDA of -₹205.79 Cr (EBITDA margin -3.8%).
The company had about 2,965 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹6,345.76 Cr on record. Court records list 9 cases involving the company, including 4 filed by the company and 2 filed against it; 4 cases are pending. The company has 13 deals on record (6 secondary share transfers, 4 rights issues, 2 funding rounds), with disclosed funding of ₹2,371 Cr; the latest was in February 2023. Its 10 peer companies in the Aviation industry (Air Passenger Services) are compared by revenue, 5 larger and 5 smaller; the largest is Interglobe Aviation Limited with revenue of ₹84,098 Cr. The company has 19 MSME Form 1 returns on record between 2018 and 2024, listing 601 overdue payments to 70 micro and small suppliers.
The last known website on record is airasia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBlock – 4 Vatika One On Sector – 16, NH – 48 India, Haryana, India – 122007
- IndustryTransport and Logistics, Air Transport 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
Business Activity of Aix Connect Private Limited
The main business activity of Aix Connect is transport and storage. In detail, this covers air transport.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H4 | Air transport | 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 Aix Connect Private Limited FY 2024 filings available
Aix Connect Private Limited reported revenue of ₹5,476.4 Cr (up 26% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Aix Connect Private Limited
Revenue rose 26% in the latest year. EBITDA rose 88% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Aix Connect Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹205.79 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1,149.14 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 Aix Connect Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -21% | •••• | •••• | •••• | •••• |
| 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 Aix Connect 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 Aix Connect Private Limited
Aix Connect Private Limited is compared with the companies closest to it by revenue in the Aviation industry (Air Passenger Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Interglobe Aviation Limited Listed | ₹84,098 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | New Delhi, Delhi, India |
| Air India Limited | ₹78,636 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Haryana, India |
| Jet Airways (India) Limited Listed | ₹25,177 Cr (FY 2018) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
| Air India Express Limited | ₹16,177 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Haryana, India |
| Spicejet Limited Listed | ₹6,768.26 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | New Delhi, Delhi, India |
| Aix Connect Private Limited this company | ₹5,476.4 Cr (FY 2024) | •••• | •••• | 26.0% | •••• | Haryana, India |
| SNV Aviation Private Limited | ₹4,635.68 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Mumbai, Maharashtra, India |
| Go Airlines (India) Limited | ₹4,351.68 Cr (FY 2022) | •••• | •••• | 87.0% | •••• | Delhi, India |
| Interglobe Enterprises Private Limited | ₹3,844.48 Cr (FY 2025) | •••• | •••• | 235.0% | •••• | New Delhi, Delhi, India |
| Jet Lite (India) Limited | ₹1,318.03 Cr (FY 2018) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| Reliance Commercial Dealers Limited | ₹1,111.1 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Aix Connect by revenue in the Aviation industry (Air Passenger Services), 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 Aix Connect Private Limited
Aix Connect Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.R. Batliboi & Associates LLP | 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 Aix Connect Private Limited
Aix Connect has 5 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nipun Aggarwal | Director | 23 Mar 2023 | 3 Years 6 Months | As last reported |
| Aloke Singh Also directs: Air India Express Limited | Managing Director | 23 Mar 2023 | 3 Years 6 Months | As last reported |
| Ramesh Prathivadibhayankara Rajagopalan Also directs: Nestle India Limited, Cipla Limited, Crompton Greaves Consumer Electricals Limited and 5 more | Director | 27 Dec 2022 | 3 Years 9 Months | As last reported |
| Campbell David Mcgregor Wilson Also directs: Air India Limited | Director | 27 Dec 2022 | 3 Years 9 Months | As last reported |
| Alice Geevarghese Vaidyan Also directs: Air India Express Limited, Air India Limited, Geojit Financial Services Limited and 5 more | Director | 27 Dec 2022 | 3 Years 9 Months | As last reported |
Ownership and Shareholding of Aix Connect 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 Aix Connect Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Aug 2022 | Standard Chartered Bank | ₹530 Cr | Satisfied |
| 02 Jun 2022 | Others | ₹200 Cr | Satisfied |
| 08 Apr 2022 | Others | ₹200 Cr | Satisfied |
| 27 Aug 2021 | Others | ₹265 Cr | Satisfied |
| 05 Apr 2021 | Tata Capital Financial Services Limited | ₹170 Cr | Satisfied |
Total charge records: 30 View all charges
Deals & Funding of Aix Connect Private Limited
Aix Connect Private Limited has 13 deals on record (6 secondary share transfers, 4 rights issues, 2 funding rounds), with disclosed funding of ₹2,371 Cr; the latest was in February 2023.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2023 | Secondary share transfer | Undisclosed | Seller: Tata Sons Private Limited |
| Nov 2022 | Secondary share transfer | Undisclosed | Buyer: Air India Limited Seller: Tata Sons Private Limited |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: Tata Sons Private Limited Seller: Airasia Aviation Group Limited |
| Aug 2020 | Debt financing | ₹300 Cr | Investors: Tata Sons Private Limited |
| Dec 2018 | Secondary share transfer | Undisclosed | Buyer: Tata Sons Private Limited Seller: 2 individuals |
Full deal history
All 13 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 Aix Connect Private Limited
Aix Connect Private Limited has 9 court cases on record: 4 filed by Aix Connect, 2 filed against it, 3 where it is another party. 4 cases are pending and 5 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 1 | 3 |
| District courts | 2 | 1 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Registrar of Companies, Karnataka | Pending |
| Bombay High Court | Writ petition | Filed against the company by Association of Aircraft Maintenance Engineers and Technicians | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Registrar of Companies | Disposed |
| District court, BENGALURU RURAL, Karnataka | Court case (CRL.R.P.) | Filed by the company against Kempegowda International Airport Police Station | Disposed |
Full case history
All 9 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 Aix Connect Private Limited
Aix Connect Private Limited has 19 MSME Form 1 returns on record between 2018 and 2024, listing 601 overdue payments to 70 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 70)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Eco India | •••• | •••• | •••• |
| Regalindia Tours and Travels Private Limited | •••• | •••• | •••• |
| Indothai Bhubaneshwar Private Limited | •••• | •••• | •••• |
| Indothai Kolkata Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 19 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.
Employees and EPFO Compliance at Aix Connect Private Limited
Aix Connect Private Limited has a workforce of 2,965 employees as of Mar 30, 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.
CIN History of Aix Connect Private Limited
Aix Connect has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U62200HR2013PTC113301, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62200HR2013PTC113301 | Current |
| U62200KA2013PLC086204 | Previous |
| U62200KA2013PTC086204 | Previous |
| U62200MH2013PLC241447 | Previous |
| U62200MH2013PTC241447 | Previous |
Recent Activity on Aix Connect Private Limited
Aix Connect Private Limited has 28 board changes on record since 2015: 5 appointments and 23 cessations. The latest: Alice Geevarghese Vaidyan ceased to be Additional Director on 23 Apr 2023.
84 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Aix Connect 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 Aix Connect 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 Aix Connect Private Limited
Aix Connect has 23 GST registrations: 21 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AALCA4699P1ZR | Haryana | Active | 28 Nov 2019 |
| 03AALCA4699P1ZX | Punjab | Active | 01 Jul 2017 |
| 07AALCA4699P1ZP | Delhi | Active | 01 Jul 2017 |
| 08AALCA4699P1ZN | Rajasthan | 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 Aix Connect 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.
Related news about Aix Connect Private Limited
Frequently Asked Questions about Aix Connect Private Limited
Aix Connect has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Aix Connect was a private limited company based in Haryana, India. The company worked in air transport services, within the transport and logistics industry. It was incorporated on 28 March 2013 and is registered under CIN U62200HR2013PTC113301. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Aix Connect was incorporated on 28 March 2013. It is registered with the Registrar of Companies, Delhi.
Aix Connect had 5 directors:
- Aloke Singh - Managing Director
- Nipun Aggarwal - Director
- Ramesh Prathivadibhayankara Rajagopalan - Director
- Campbell David Mcgregor Wilson - Director
- Alice Geevarghese Vaidyan - Director
The CIN (Corporate Identification Number) of Aix Connect is U62200HR2013PTC113301. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Aix Connect is at Block – 4 Vatika One On Sector – 16, NH – 48 India, Haryana, India – 122007.
Aix Connect can be reached through the website airasia.com. Its registered office is in Haryana, India.
Aix Connect reported revenue of ₹5,476.4 Cr for FY 2024 (up 26% YoY).
Aix Connect has an authorised share capital of ₹10,000 Cr and a paid-up capital of ₹4,195 Cr.
Aix Connect reported a net loss of ₹1,149.14 Cr (net margin -21%) and EBITDA of -₹205.79 Cr (EBITDA margin -3.8%) for FY 2024, as per its filed financial statements.
The GSTIN of Aix Connect is 06AALCA4699P1ZR, registered in Haryana. The company has 23 GST registrations in all, of which 21 are active and 2 are cancelled or inactive. Other active GSTINs include 03AALCA4699P1ZX (Punjab), 07AALCA4699P1ZP (Delhi), 08AALCA4699P1ZN (Rajasthan).
Aix Connect operated in the transport and logistics industry, in the air transport services segment.