Airflow Equipments

Chennai, India Founded: 1998 • Age: 28 yrs Listed
Manufacturer of railway rolling stock integrates with design, analysis, development, and fabrications
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About Airflow Equipments

Airflow Equipments is a publicly listed company based in Chennai (India) founded in 1998. Manufacturer of railway rolling stock integrates with design, analysis, development, and fabrications. The company has 164 employees. Its chief executive, as recorded, is A Abdul Gani. Its Indian entity Airfloa Rail Technology Limited reported revenue of ₹320 Cr. Airflow Equipments offers products and services including Rail Car Body and Rail Interior. Its focus areas include Travel and Hospitality, Rail Equipment and Transportation and Logistics.

Company details

Airflow Equipments was established in 1998 in Chennai, India, focusing on the railway sector. Design, analysis, development, and fabrication are integrated into the manufacturing of rolling stock. Products such as railway car bodies, interiors, composite components for rail vehicles, HVAC systems, ventilation items, exhaust fans, and inline fans are produced. Consultation and refurbishment services are offered to support operations in the industry.

  • Headquarters Chennai, India
  • Employees 164
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website airflow.co.in
  • Social Facebook
  • Legal Name Airfloa Rail Technology Limited
Operational Areas
Transportation, Automotive & Logistics → Rail Equipment
Key Metrics
  • Market Cap
    ₹1,184 Cr

    AIRFLOA · BSE

  • Share Price
    ₹473.65

    -4.09% today

  • Revenue
    ₹320 Cr

    FY 2025-26 · +66.1% YoY

  • EBITDA
    ₹64.25 Cr

    Margin 20.1%

  • Net Profit
    ₹39.15 Cr

    FY 2025-26 · +53.6% YoY

  • P/E (TTM)
    29.5x

    P/B 4.8x

  • Latest Funding Round
    $1.25M (USD), Unspecified

    Dec 2024

  • Employee Count
    164

Products & Services of Airflow Equipments

Airflow Equipments offers a comprehensive portfolio of products and services, including Rail Car Body and Rail Interior.

Rail Car Body
Railway Equipment

Rail car bodies, such as metro nose cones and assemblies, are designed and fabricated for railway applications.

Rail Interior
Railway Components

Rail interiors, including door control panels and aluminum extrusions, are manufactured for use in railway vehicles.

Funding Insights of Airflow Equipments

  • Total Rounds 2
  • Last Round Unspecified — $1.25M
  • First Round $1.95M

    (Aug 2024)

  • Investors Count 69

All 2 funding rounds of Airflow Equipments with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Dec 2024$1.25MUnspecified–Purvesh Shah
Rohan Gupta, Sheila Mudbidri
Aug 2024$1.95MUnspecified–Asha Mehta
Dhawal Thakker, Pradyumma Singhania
Valuation history

69 investors in total: 5 institutional and 64 angel.

Investors in Airflow Equipments

Airflow Equipments has secured backing from 69 investors, including angel and institutional investors. Prominent investors backing the company include Purvesh Shah, Rohan Gupta and Sheila Mudbidri.

All
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Ninedot Fortune Builders
ninedotfortunebuilders.tcc.mode
Singhvi Heritage
Limited information available
singhvi.tcc.modeChennai, India
Ninedot Ventures
ninedotventures.tcc.mode
Niagra Growth
niagragrowth.tcc.mode

Purvesh Shah

Angel investor and entrepreneur, focused on early-stage Indian startups.
unknown_104262b6564d454ba

Rohan Gupta

Angel investor and entrepreneur, focusing on tech startups in India.
unknown_8e13be2a32f84ff98

Sheila Mudbidri

unknown_d82c1c475db14083a

Sheetal Hemanth

unknown_059a939fe6014fca9

Daksha Shah

Angel investor focusing on early-stage Indian startups in tech and consumer sectors.
unknown_21ad2fe78e8d49f8a

Chitresh Kumar Lunawat

unknown_9b33ac974c2347dca
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Investor details for Airflow Equipments

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Board of directors of Airfloa Rail Technology Limited (Airflow Equipments)

Airfloa Rail Technology Limited is the primary company behind Airflow Equipments. The board of Airfloa Rail Technology Limited currently have 6 directors; the longest-serving is Dakshinamoorthy Venkatesan, appointed in 1998. 8 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Dakshinamoorthy Venkatesan
DIN 00232210
Managing Director14 Dec 199827 yrs 10 moAirfloa Rail Technology Limited
Dakshna Moorthy Manikandan
DIN 00232275
Managing Director18 Aug 200521 yrs 2 moAirfloa Rail Technology Limited
Manikandan Nanthini
DIN 08561378
Director24 Jul 20242 yrs 3 moAirfloa Rail Technology Limited
Venkatesan Sathishkumar
DIN 08561438
Whole-time director24 Jul 20242 yrs 3 moAirfloa Rail Technology Limited
Sudhanshu Mani
DIN 10124439
Director24 Jul 20242 yrs 3 moAirfloa Rail Technology Limited
Tilak Raj Seth
DIN 07027068
Director28 Aug 20242 yrs 2 moAirfloa Rail Technology Limited

People of Airflow Equipments

1 people are tracked at Airflow Equipments (1 in leadership); the tracked headcount is 164.

NameRoleGroup
A Abdul Gani
CEOLeadership
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IPO & Listings of Airflow Equipments

Airflow Equipments is a publicly listed company on the BSE with ticker symbol AIRFLOA in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date18 Sep 2025
  • Listed onBSE: AIRFLOA
  • Listed entityAIRFLOA RAIL TECHNOLOGY LIMITED
  • Exchange sectorProducer manufacturing
  • ISININE0XBS01012
  • Share price₹540.55 (-2.19% on the day) · 2026-10-14
  • Market capitalisation₹1,325 Cr
  • Price to earnings33.1
  • EPS (diluted, trailing year)₹16.33
  • Volume (last session)57,500

Financials of Airflow Equipments

Exchange-reported figures of Airfloa Rail Technology Limited, the listed company behind Airflow Equipments (BSE: AIRFLOA).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹320 Cr
+66.1% YoY
EBITDA
₹64.25 Cr
+33.1% YoY
Profit After Tax
₹39.15 Cr
+53.6% YoY
Net Worth
-
Total Assets
-
Total Debt
-

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25
Income statement
Revenue320192
Revenue growth+66.1%-
EBITDA64.2548.29
EBITDA margin+20.1%+25.1%
Profit before tax52.6734.97
Net profit39.1525.49
Net profit margin+12.3%+13.3%
EPS (₹)18.6614.63
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
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2006-07FY 2005-06
Income statement
Revenue32019211995.171374.270.95
Revenue growth+66.1%+61.3%+25.4%-30.8%-+349.5%-
EBITDA64.2548.3031.8116.5517.080.170.05
EBITDA margin+20.1%+25.1%+26.7%+17.4%+12.4%+4.0%+5.3%
Profit before tax52.6734.9820.602.364.990.060.02
Net profit39.1525.5014.231.512.190.020.01
Net profit margin+12.3%+13.3%+11.9%+1.6%+1.6%+0.5%+1.1%
EPS (₹)18.6714.6428.492.994.390.802.00
Balance sheet
Total assets-1691211031131.020.35
Net worth-10855.9941.7542.110.300.23
Total debt-59.9863.8160.2270.660.720.12
Cash & bank-3.921.673.6012.140.000.04
Net working capital-12380.7158.7076.900.740.23
Cash flow
Cash from operations-(4.43)3.4610.08---
Cash from investing-(6.17)3.192.58---
Cash from financing-12.70(7.48)(20.64)---

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 28 Oct 2026
ParticularsFY 2025-26FY 2024-25
Revenue320192
Revenue growth+66.1%-
Other income0.470.28
Total expenses255144
Employee cost0.0011.04
EBITDA64.2548.29
EBITDA margin+20.1%+25.1%
Depreciation3.472.53
Interest8.5811.07
Profit before tax52.6734.97
Tax13.529.42
Net profit39.1525.49
Net profit margin+12.3%+13.3%
EPS (₹)18.6614.63
ParticularsFY 2025-26FY 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
ParticularsFY 2025-26FY 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
ParticularsFY 2025-26FY 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 cover14.1224.19
Efficiency & per share
Fixed asset turnover-2.96
Inventory turnover-3.08
Debtors turnover-1.51
EPS (₹)18.6614.63
Dividend per share (₹)0.000.00
Book value per share (₹)0.0063.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2006-07FY 2005-06
Revenue32019211995.171374.270.95
Revenue growth+66.1%+61.3%+25.4%-30.8%-+349.5%-
Other income0.470.283.570.160.130.000.00
Total expenses25514487.4978.621204.100.90
Employee cost0.0011.049.0011.4516.470.830.11
EBITDA64.2548.3031.8116.5517.080.170.05
EBITDA margin+20.1%+25.1%+26.7%+17.4%+12.4%+4.0%+5.3%
Depreciation3.472.532.933.133.400.090.01
Interest8.5811.0711.8511.228.820.020.02
Profit before tax52.6734.9820.602.364.990.060.02
Tax13.529.426.370.852.800.040.01
Net profit39.1525.5014.231.512.190.020.01
Net profit margin+12.3%+13.3%+11.9%+1.6%+1.6%+0.5%+1.1%
EPS (₹)18.6714.6428.492.994.390.802.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2006-07FY 2005-06
Equity & liabilities
Share capital-17.465.005.005.000.250.05
Reserves & surplus-90.9850.9936.7537.110.050.18
Shareholders' funds (net worth)-10855.9941.7542.110.300.23
Secured loans-57.3960.5256.7064.510.360.00
Unsecured loans-2.593.293.526.150.360.12
Total debt-59.9863.8160.2270.660.720.12
Total liabilities-1691211031131.020.35
Assets
Gross block-65.0859.9659.0657.010.370.14
Net block-36.7633.6535.6836.760.280.13
Capital work in progress-0.000.000.000.000.000.00
Investments-0.010.000.000.000.000.00
Inventories-62.4445.8050.3240.470.170.10
Sundry debtors-12810248.7766.961.370.29
Cash & bank balances-3.921.673.6012.140.000.04
Loans & advances-15.7512.9217.064.990.020.02
Total current assets-2101621201251.560.45
Total current liabilities-86.6981.3961.0547.660.820.22
Net working capital-12380.7158.7076.900.740.23
Total assets-1691211031131.020.35
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2006-07FY 2005-06
Opening cash-0.241.079.05---
Net cash from operating activities-(4.43)3.4610.08---
Net cash from investing activities-(6.17)3.192.58---
Net cash from financing activities-12.70(7.48)(20.64)---
Net change in cash-2.10(0.83)(7.98)---
Closing cash-3.921.673.60---
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2006-07FY 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-0.751.271.561.681.580.80
Long-term debt / equity-0.010.000.150.291.170.64
Interest cover14.1224.1941.0383.6164.4725.0050.00
Efficiency & per share
Fixed asset turnover-3.082.001.642.4116.756.79
Inventory turnover-3.552.482.103.4031.6311.18
Debtors turnover-1.681.591.642.055.142.38
EPS (₹)18.6714.6428.492.994.390.802.00
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0062.10112.0783.5884.2912.0046.00

Timeline of Airflow Equipments

4 dated milestones of Airflow Equipments across 27 years, from founding to its latest funding, stage changes and deals.

  1. Founded Airflow Equipments is founded.
  2. Funding First funding round of $1.9M.
  3. Funding Latest funding round, Unspecified, of $1.3M.
  4. IPO Lists on the stock exchange (IPO).

Web traffic of Airflow Equipments

The website of Airflow Equipments (airflow.co.in) receives about 2.6K visits a month.

  • Monthly visits
    2.6K

    ▼ 3% vs previous month

Top companies in Rail Equipment

3 companies that operate in the same segment as Airflow Equipments (Rail Equipment) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Titagarh Rail Systems
Freight wagons are manufactured by Titagarh in India.
1998Kolkata, West Bengal, IndiaUSD 339.57 M5,540
Concord Control Systems
Concord Control Systems Limited is engaged in manufacturing railway electrical systems.
2011Lucknow, Uttar Pradesh, IndiaUSD 22.38 M129
Oriental Rail
Railway rolling stock components and freight cars are manufactured.
2021IndiaUSD 61.07 M188
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Related news about Airflow Equipments

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Indiatimes • 1 month ago
Airfloa Rail Technology Bags Rs 1.92 Crore Order for Kolkata Metro Coaches
Udaipur Kiran • 2 months ago
Airfloa Rail Technology Secures New Orders Worth 7.1 Million Rupees
Reuters • 2 months ago
Airfloa Rail Technology Receives 25.3 Million Rupees Order From Integral Coach Factory
Reuters • 5 months ago
Airfloa Rail Technology Receives 26.8 Million Rupees Order
Reuters • 5 months ago
Airfloa Rail Technology Receives 9.2 Million Rupees Order From Integral Coach Factory
Reuters • 5 months ago
Airfloa Rail Technology Expected To Report Topline Of More Than 3.15 Billion Rupees For FY26
Reuters • 6 months ago
Airfloa Rail Technology Ltd Receives Order Worth 12.3 Million Rupees From Integral Coach Factory
Reuters • 6 months ago
Airfloa Rail Technology Ltd Secures 117.8 Million Rupees New Order
Reuters • 8 months ago
Airfloa Rail Technology Signs MoU With Janatics For Automatic Door Systems
Reuters • 9 months ago
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Frequently Asked Questions about Airflow Equipments

Airflow Equipments was founded in 1998 and raised its 1st funding round 26 years after it was founded.

Airflow Equipments is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.

A Abdul Gani is the CEO of Airflow Equipments, as recorded in our data.

Airflow Equipments has 164 employees.

The primary company behind Airflow Equipments, Airfloa Rail Technology Limited, reported revenue of ₹320 Cr for FY 2026, up 66% year on year.

Airflow Equipments was established in 1998 in Chennai, India, focusing on the railway sector. Design, analysis, development, and fabrication are integrated into the manufacturing of rolling stock. Products such as railway car bodies, interiors, composite components for rail vehicles, HVAC systems, ventilation items, exhaust fans, and inline fans are produced. Consultation and refurbishment services are offered to support operations in the industry.

Airflow Equipments offers Rail Car Body and Rail Interior.

Yes, Airflow Equipments is publicly traded on BSE under the ticker symbol AIRFLOA.

Airflow Equipments has 69 investors. Key investors include Purvesh Shah, Rohan Gupta, Sheila Mudbidri, Sheetal Hemanth, and Daksha Shah.

Airflow Equipments operates through Airfloa Rail Technology Limited.

The legal entities of Airflow Equipments currently have 8 directors, including Dakshinamoorthy Venkatesan, Dakshna Moorthy Manikandan, Haraprasad Rout and others.

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