About Ascent Air Private Limited
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Ascent Air Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the air transport services segment of the transport and logistics sector. It was incorporated on 17 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U63040DL1998PTC092771. Its GSTIN is 07AACCA7284R3ZX (Delhi). The company holds 27 GST registrations, of which 12 are active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.4 Cr. It is led by directors Jasraj Singh Chug and Pukhraj Singh Chug.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 54 Gole Market, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,108.79 Cr, a growth of 53% compared to the previous year. For the same year it recorded a net profit of ₹25.34 Cr (net margin 2.3%) and EBITDA of ₹41.09 Cr (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 16% over five years.
The company has about 146 employees on its provident fund (EPFO) records. Its group structure includes 8 subsidiaries.
As per MCA filings, the company has open charges of ₹209.73 Cr and satisfied charges of ₹96.8 Cr on record. Court records list 31 cases involving the company, including 7 filed by the company and 24 filed against it; 4 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹6.76 Cr; the latest was in March 2007. Its 4 peer companies in the Transport and Logistics industry (Air Cargo), with the same principal business activity (services incidental to land, water & air transportation) are compared by revenue, 1 larger and 3 smaller; the largest is Air India Sats Airport Services Private Limited with revenue of ₹1,448.75 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascentair.com.
Company details
Contact details
Ascent Air Private Limited's registered office is in New Delhi, Delhi. Its website is ascentair.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address54 Gole Market, New Delhi, Delhi, India – 110001
- IndustryTransport and Logistics, Air Transport Services
To see the full contact details of Ascent Air Private Limited, buy the company report.
- 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
Business activity
The main business activity of Ascent Air is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Ascent Air Private Limited, buy the company report.
Financials of Ascent Air Private Limited
FY 2025 filings availableAscent Air Private Limited reported revenue of ₹1,108.79 Cr (up 53% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 53% growth in the latest year. EBITDA fell 4% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹41.09 Cr | ||||
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| Net Profit (PAT) | ₹25.34 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 3.7% | ||||
| Net Profit Margin | 2.3% | ||||
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To see the full financial statements and ratios of Ascent Air Private Limited, buy the company report.
Board of directors of Ascent Air Private Limited
Ascent Air has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jasraj Singh Chug Also directs: Acumen Overseas Private Limited, Red Express Transport Services Limited, Al Sharif Aviation Services Private Limited and 5 more | Director | 02 Oct 2006 | 20 Years 0 Months | Current |
| Pukhraj Singh Chug | Director | 17 Mar 1998 | 28 Years 7 Months | Current |
Peer comparison
Ascent Air Private Limited is compared with the 4 companies closest to it by revenue in the Transport and Logistics industry (Air Cargo), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Air India Sats Airport Services Private Limited | ₹1,448.75 Cr (FY 2025) | 44.0% | New Delhi, Delhi, India | |||
| Ascent Air Private Limitedthis company | ₹1,108.79 Cr (FY 2025) | ₹25.34 Cr | 2.3% | 53.0% | 146 | New Delhi, Delhi, India |
| Mumbai Cargo Service Center Airport Private Limited | ₹876.01 Cr (FY 2025) | 20.0% | Mumbai, Maharashtra, India | |||
| Celebi Delhi Cargo Terminal Management India Private Limited | ₹786.53 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Pacific Air Logistics Private Limited | ₹447.75 Cr (FY 2025) | 73.0% | New Delhi, Delhi, India |
To see the full peer comparison of Ascent Air Private Limited, buy the company report.
Auditor
Ascent Air Private Limited is audited by B.S. SAWHNEY & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.S. SAWHNEY & ASSOCIATES | FY 2023 | 008241N |
Shareholding
The shareholding of Ascent Air Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ascent Air Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 2025 | 101164852 | Hdfc Bank Limited | ₹54.47 Lakh | Open | |
| 22 May 2025 | 101109057 | Citi Bank N.A. | ₹21 Cr | Open | |
| 19 Sep 2024 | 100987829 | Yes Bank Limited | ₹11 Cr | Open | |
| 29 Feb 2024 | 100914572 | Axis Bank Limited | ₹1.05 Cr | Open | |
| 22 Jun 2023 | 100746979 | Others | ₹30 Cr | Open |
To see the full charge records of Ascent Air Private Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Ascent Air Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹6.76 Cr; the latest was in March 2007.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2007 | Funding round | ₹6.76 Cr | Investors: Concorde Cargo Private Limited |
| Nov 2006 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ascent Air Private Limited has 31 court cases on record: 7 filed by Ascent Air, 24 filed against it. 4 cases are pending and 27 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 12 | 12 | 2 |
| District courts | 9 | 3 | 1 |
| High courts | 6 | 5 | 1 |
| Supreme Court | 2 | 2 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Kingfisher Airlines Ltd. | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against M/S Leadedge Logistics Pvt. Ltd. | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Enicar Logistics Pvt Ltd | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed by the company against Abacus Distribution Systems(India) Pvt Ltd B+ | Disposed |
| District court, Indore, Madhya Pradesh | Court case (RCS B) | Filed by the company against Frequent Travels and Cargo Pvt Ltd | Disposed |
To see the full case history of Ascent Air 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.
Credit ratings & regulatory alerts
Ascent Air Private Limited was last rated by Crisil on 02 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 02 Sep 2020 |
To see the full credit ratings and regulatory alerts of Ascent Air Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ascent Air Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ascent Air has 8 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Acumen Overseas Private Limited | U51909DL1996PTC079503 | |
| Three Sixty Logistics Private Limited | U60200DL2009PTC194234 | |
| Red Express Transport Services Limited | U63000DL2010PLC210694 | |
| Super Quick Freight Private Limited | U63000DL2011FTC224384 | |
| Super Quick Freight Cargo Solutions Private Limited | U63000DL2011FTC224489 | |
| Al Sharif Aviation Services Private Limited | U63013DL2014PTC268003 |
To see the full group structure of Ascent Air Private Limited, buy the company report.
Employees & EPFO
Ascent Air Private Limited has a workforce of 146 employees on its EPFO records as of Aug 05, 2024, across 1 active EPFO establishment.
GST
Ascent Air has 27 GST registrations: 12 active and 15 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCA7284R3ZX | Delhi | Active | 04 Jul 2017 |
| 07AACCA7284R4ZW | Delhi | Active | 10 Aug 2017 |
| 07AACCA7284R5ZV | Delhi | Active | 17 Aug 2018 |
| 06AACCA7284R1Z1 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ascent Air Private Limited, buy the company report.
Recent activity
Ascent Air Private Limited has 7 board changes on record since 1998: 2 appointments and 5 cessations. The latest: Anoop Sharma ceased to be Director on 11 Feb 2022.
39 earlier events are in the company report.
Frequently asked questions
Ascent Air is an active private limited company based in New Delhi, Delhi, India. The company works in air transport services, within the transport and logistics industry. It was incorporated on 17 March 1998 (28+ years old) and is registered under CIN U63040DL1998PTC092771.
Ascent Air has 2 current directors:
- Jasraj Singh Chug - Director
- Pukhraj Singh Chug - Director
The latest financial statements of Ascent Air on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ascent Air is 07AACCA7284R3ZX, registered in Delhi. The company has 27 GST registrations in all, of which 12 are active and 15 are cancelled or inactive. Other active GSTINs include 07AACCA7284R4ZW (Delhi), 07AACCA7284R5ZV (Delhi), 06AACCA7284R1Z1 (Haryana).
The CIN (Corporate Identification Number) of Ascent Air is U63040DL1998PTC092771. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascent Air has 31 court cases on record: 7 filed by the company and 24 filed against it. 4 are pending. Most are in the nclat.
Ascent Air was incorporated on 17 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Delhi.
Ascent Air has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹6.76 Cr; the latest was in March 2007.
The peers of Ascent Air by revenue are Air India Sats Airport Services Private Limited, Mumbai Cargo Service Center Airport Private Limited, Celebi Delhi Cargo Terminal Management India Private Limited, Pacific Air Logistics Private Limited, all in the Transport and Logistics industry (Air Cargo), with the same principal business activity (services incidental to land, water & air transportation).
Anoop Sharma ceased to be Director on 11 Feb 2022. Jyotsaiban Sehgal ceased to be Director on 19 Nov 2014. Nona Pukhraj Chug ceased to be Director on 19 Nov 2014. Ascent Air has 7 board changes on record in total.
Ascent Air can be reached through the website ascentair.com. Its registered office is in New Delhi, Delhi, India.
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