MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-10-0003378
Chipsan Aviation Private Limited - transport and logistics in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹118.89 Cr
▲ 16% YoY
Net profit · FY 2025
₹5.45 Cr
Net margin 4.6%
EBITDA · FY 2025
₹15.38 Cr
EBITDA margin 12.9%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹15 Cr
Issued & subscribed
Open charges
₹7.67 Cr
Satisfied ₹1.2 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
12
Provident fund records
About Chipsan Aviation Private Limited
Data last updated:
Chipsan Aviation Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the air charter and private aviation segment of the transport and logistics sector. It was incorporated on 30 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U63000DL2012PTC241328. Its GSTIN is 07AAECC9786E1ZB (Delhi). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹15 Cr. It is led by directors including Daisy Cheriyan and Sunil Kattundynarayan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 234 Vasant Enclave Vasant Vihar, New Delhi, Delhi, India – 110057.
As per the financials filed for FY 2025, the company reported a revenue of ₹118.89 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹5.45 Cr (net margin 4.6%) and EBITDA of ₹15.38 Cr (EBITDA margin 12.9%). Revenue has grown at a compounded annual rate (CAGR) of 83% over three years and 19% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Chipsan Aviation. As per MCA filings, the company has open charges of ₹7.67 Cr and satisfied charges of ₹1.2 Cr on record. Court records list 15 cases involving the company, including 7 filed by the company and 8 filed against it; 1 case is pending. The company has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹5 Cr; the latest was in February 2024. Its 6 peer companies in the Aviation industry (Charter Services), with the same principal business activity (air transport) are compared by revenue, 2 larger and 4 smaller; the largest is Sky One Airways Private Limited with revenue of ₹155.88 Cr.
Chipsan Aviation Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-10-0003378). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website chipsan.com.
Company details
CIN U63000DL2012PTC241328
Registration Number 241328
Incorporation Date 30 August 2012
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-DL-10-0003378
Recognitions & Rankings of Chipsan Aviation
Contact details
Chipsan Aviation Private Limited's registered office is in New Delhi, Delhi. Its website is chipsan.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address234 Vasant Enclave Vasant Vihar, New Delhi, Delhi, India – 110057
- IndustryTransport and Logistics, Air Charter & Private Aviation
To see the full contact details of Chipsan Aviation Private Limited, buy the company report.
Comprehensive company report
Chipsan Aviation 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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Brands
Chipsan Aviation operates one associated brand: Chipsan Aviation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Helicopter charter and aviation services are provided in India. | chipsan.com |
Business activity
The main business activity of Chipsan Aviation is transport and storage. In detail, this covers air transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H4 | Air transport |
To see the full business activity and turnover split of Chipsan Aviation Private Limited, buy the company report.
Financials of Chipsan Aviation Private Limited
FY 2024 filings availableChipsan Aviation Private Limited reported revenue of ₹118.89 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹118.89 Cr ▲ 16%
Net profit · FY 2025
₹5.45 Cr margin 4.6%
EBITDA · FY 2025
₹15.38 Cr margin 12.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 83%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▲ 52%
3 years · compounded
▲ 88%
5 years · compounded
▲ 17%
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 16% growth in the latest year. EBITDA rose 52% 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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| Total Expenses | |||||
| EBITDA | ₹15.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.45 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.9% | ||||
| Net Profit Margin | 4.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Chipsan Aviation Private Limited, buy the company report.
Board of directors of Chipsan Aviation Private Limited
Chipsan Aviation has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Daisy Cheriyan | Director | 30 Aug 2012 | 14 Years 1 Months | Current |
| Sunil Kattundynarayan | Director | 30 Aug 2012 | 14 Years 1 Months | Current |
| Sherin Cherian Varghese | Director | 02 Nov 2022 | 3 Years 11 Months | Current |
Peer comparison
Chipsan Aviation Private Limited is compared with the 6 companies closest to it by revenue in the Aviation industry (Charter Services), with the same principal business activity (air transport), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sky One Airways Private Limited | ₹155.88 Cr (FY 2025) | 66.0% | New Delhi, Delhi, India | |||
| Himalayan Heli Services Limited | ₹132.42 Cr (FY 2025) | 15.0% | New Delhi, Delhi, India | |||
| Chipsan Aviation Private Limitedthis company | ₹118.89 Cr (FY 2025) | ₹5.45 Cr | 4.6% | 16.0% | 12 | New Delhi, Delhi, India |
| Mytri Aviation Private Limited | ₹118.08 Cr (FY 2025) | 10.0% | Hyderabad, Telangana, India | |||
| Saarthi Airways Private Limited | ₹115.16 Cr (FY 2024) | 70.0% | Jaipur, Rajasthan, India | |||
| Poonawalla Aviation Private Limited | ₹111.75 Cr (FY 2025) | -46.0% | Road, Hadapsar, Pune-411028, Maharashtra, India | |||
| Velocity Charter Private Limited | ₹99.48 Cr (FY 2025) | 64.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Chipsan Aviation Private Limited, buy the company report.
Auditor
Chipsan Aviation Private Limited is audited by MEGA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEGA & ASSOCIATES | FY 2023 | 007541N |
Shareholding
The shareholding of Chipsan Aviation Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Chipsan Aviation Private Limited, buy the company report.
Charges & borrowings
Open charges
₹7.67 Cr
Satisfied charges
₹1.2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2025 | 101170610 | The South Indian Bank Limited | ₹30 Lakh | Open | |
| 20 May 2024 | 100931893 | The South Indian Bank Limited | ₹54.9 Lakh | Open | |
| 18 Sep 2023 | 100791936 | The South Indian Bank Limited | ₹50 Lakh | Open | |
| 16 Nov 2021 | 100509869 | The South Indian Bank Limited | ₹50 Lakh | Open | |
| 07 Oct 2020 | 100398501 | The South Indian Bank Limited | ₹6 Lakh | Open |
To see the full charge records of Chipsan Aviation Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Chipsan Aviation Private Limited has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹5 Cr; the latest was in February 2024.
Total deals
2
Rights issue
1
Funding round
1
Disclosed funding
₹5 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Funding round | ₹5 Cr | Investors: 2 individuals |
| May 2019 | Rights issue | ₹3 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Chipsan Aviation Private Limited has 15 court cases on record: 7 filed by Chipsan Aviation, 8 filed against it. 1 case is pending and 14 are disposed.
Total cases
15
Filed by the company
7
Filed against the company
8
Pending
1
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 1 |
| High courts | 5 | 1 | 0 |
| NCLAT | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2801-Mercantile Laws, Commercial Transactions Including Banking : Partnership) | Filed against the company by Punj Lloyd Aviation Ltd Through Its Authorized Signatory Registered Office at: 17-18, Nehru Place ,New Delhi , Delhi | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
| High Court, GUJARAT | Court case (CR.MA) | Filed by the company against Kotak Mahindra Bank Ltd. Authorised Person - Anny Intiyazhedar Mirza and 1 other | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed by the company against Orbit Aviation Pvt. Ltd. | Disposed |
| High Court | Court case (AR) | Filed against the company by M/S. Joy Jets Limited | Disposed |
To see the full case history of Chipsan Aviation 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 Chipsan Aviation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Chipsan Aviation Private Limited has a workforce of 12 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
12
Active EPFO establishments
1
GST
Chipsan Aviation has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAECC9786E1ZB | Delhi | Active | 01 Jul 2017 |
| 32AAECC9786E2ZH | Kerala | Active | 13 Sep 2018 |
| 29AAECC9786E1Z5 | Karnataka | Active | 10 Mar 2020 |
| 05AAECC9786E1ZF | Uttarakhand | Active | 16 Jul 2021 |
To see the full GST registrations and return filing status of Chipsan Aviation Private Limited, buy the company report.
Recent activity
Chipsan Aviation Private Limited has 4 board changes on record since 2012: 3 appointments and 1 cessation. The latest: Sherin Cherian Varghese ceased to be Additional Director on 29 Sep 2023.
AGM
Chipsan Aviation Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 0.30 Cr with Charge ID 101170610 was registered on 25 Sep 2025.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 0.55 Cr with Charge ID 100931893 was registered on 20 May 2024.
Filing
Chipsan Aviation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge with The South Indian Bank Limited of Rs. 5.57 Cr registered on 11 Jun 2018 with Charge ID 100199423 was modified on 08 Dec 2023.
Ceased
Sherin Cherian Varghese ceased to be Additional Director.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 0.50 Cr with Charge ID 100791936 was registered on 18 Sep 2023.
Appointed
Sherin Cherian Varghese was appointed as Director.
Charges
A charge registered on 01 Jan 2020 via Charge ID 100389509 with Others was fully satisfied on 27 Sep 2022.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 0.50 Cr with Charge ID 100509869 was registered on 16 Nov 2021.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 0.06 Cr with Charge ID 100398501 was registered on 07 Oct 2020.
Charges
A charge with Others amounted to Rs. 1.20 Cr with Charge ID 100389509 was registered on 01 Jan 2020.
5 earlier events are in the company report.
Frequently asked questions
Chipsan Aviation is an active private limited company based in New Delhi, Delhi, India. The company works in air charter and private aviation, within the transport and logistics industry. It was incorporated on 30 August 2012 (14+ years old) and is registered under CIN U63000DL2012PTC241328.
Chipsan Aviation has 3 current directors:
- Daisy Cheriyan - Director
- Sunil Kattundynarayan - Director
- Sherin Cherian Varghese - Director
The latest financial statements of Chipsan Aviation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Chipsan Aviation is 07AAECC9786E1ZB, registered in Delhi. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 32AAECC9786E2ZH (Kerala), 29AAECC9786E1Z5 (Karnataka), 05AAECC9786E1ZF (Uttarakhand).
The CIN (Corporate Identification Number) of Chipsan Aviation is U63000DL2012PTC241328. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chipsan Aviation has 15 court cases on record: 7 filed by the company and 8 filed against it. 1 is pending. Most are in the district courts.
Chipsan Aviation was incorporated on 30 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Chipsan Aviation has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹5 Cr; the latest was in February 2024.
The peers of Chipsan Aviation by revenue are Sky One Airways Private Limited, Himalayan Heli Services Limited, Mytri Aviation Private Limited, Saarthi Airways Private Limited, Poonawalla Aviation Private Limited and 1 more, all in the Aviation industry (Charter Services), with the same principal business activity (air transport).
Sherin Cherian Varghese ceased to be Additional Director on 29 Sep 2023. Sherin Cherian Varghese was appointed as Director on 02 Nov 2022. Daisy Cheriyan was appointed as Director on 30 Aug 2012. Chipsan Aviation has 4 board changes on record in total.
Yes, Chipsan Aviation is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-10-0003378).