MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0132839
Deccan Charters Private Limited - transport and logistics in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹70.69 Cr
▲ 10% YoY
Net profit · FY 2023
₹18.47 Lakh
Net margin 0.3%
EBITDA · FY 2023
₹3.37 Cr
EBITDA margin 4.8%
Authorised capital
₹82 Cr
Registered with MCA
Paid-up capital
₹79.27 Cr
Issued & subscribed
Open charges
₹52.2 Cr
Satisfied ₹50 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
88
Provident fund records
About Deccan Charters Private Limited
Data last updated:
Deccan Charters Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the air charter and private aviation segment of the transport and logistics sector. It was incorporated on 21 May 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63033KA2007PTC042858. Its GSTIN is 29AACCD9105G1ZP (Karnataka). The company holds 10 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹82 Cr and a paid-up capital of ₹79.27 Cr. It was formerly known as Kingfisher Aviation Training Limited and Deccan Charters Limited. It is led by directors including Sanjay Saihgal and Shahab Uddin Khan.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Jakkur Aerodrome Bellary Road, Bangalore, Karnataka, India – 560064.
As per the financials filed for FY 2023, the company reported a revenue of ₹70.69 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹18.47 Lakh (net margin 0.3%) and EBITDA of ₹3.37 Cr (EBITDA margin 4.8%). Revenue has grown at a compounded annual rate (CAGR) of 3% over five years.
The company has about 88 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹52.2 Cr and satisfied charges of ₹50 Cr on record. Court records list 127 cases involving the company, including 61 filed by the company and 66 filed against it; 36 cases are pending. The company has 8 deals on record (3 funding rounds, 3 secondary share transfers, 2 acquisitions), with disclosed funding of ₹11.72 Cr; the latest was in February 2018. Its 8 peer companies in the Aviation industry (Charter Services), with the same principal business activity (air transport) are compared by revenue, 5 larger and 3 smaller; the largest is Skyblue Aero Private Limited with revenue of ₹85.81 Cr.
Deccan Charters Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0132839). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website deccanair.com.
Company details
CIN U63033KA2007PTC042858
Registration Number 042858
Incorporation Date 21 May 2007
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0132839
Name history
Deccan Charters has undergone 2 name changes throughout its history. The company was previously known as Kingfisher Aviation Training Limited, and Deccan Charters Limited. The current legal name is Deccan Charters Private Limited.
| Company Name | Status |
|---|---|
| Deccan Charters Private Limited | Current |
| Kingfisher Aviation Training Limited | Previous |
| Deccan Charters Limited | Previous |
CIN history
Deccan Charters has one previous CIN (Corporate Identification Number): U63033KA2007PLC042858. The current CIN is U63033KA2007PTC042858, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63033KA2007PTC042858 | Current |
| U63033KA2007PLC042858 | Previous |
Key People
Sanjay Saihgal Director Shahab Uddin Khan Director Kokkada Balakrishna Shabaraya Additional Director Recognitions & Rankings of Deccan Charters
Contact details
Deccan Charters Private Limited's registered office is in Bangalore, Karnataka. Its website is deccanair.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressJakkur Aerodrome Bellary Road, Bangalore, Karnataka, India – 560064
- IndustryTransport and Logistics, Air Charter & Private Aviation
To see the full contact details of Deccan Charters Private Limited, buy the company report.
Comprehensive company report
Deccan Charters 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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Secure checkout · GST invoice included
Business activity
The main business activity of Deccan Charters 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 Deccan Charters Private Limited, buy the company report.
Financials of Deccan Charters Private Limited
FY 2023 filings availableDeccan Charters Private Limited reported revenue of ₹70.69 Cr (up 10% YoY) for FY 2023.
Revenue · FY 2023
₹70.69 Cr ▲ 10%
Net profit · FY 2023
₹18.47 Lakh margin 0.3%
EBITDA · FY 2023
₹3.37 Cr margin 4.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 17%
5 years · compounded
▲ 18%
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 10% growth in the latest year. EBITDA fell 17% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹70.69 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.37 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.47 Lakh | ||||
| 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 | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.8% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Deccan Charters Private Limited, buy the company report.
Board of directors of Deccan Charters Private Limited
Deccan Charters has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Saihgal Also directs: Shlokaa Creations Private Limited, Swissport Deccan India Private Limited, DCL Holdings Private Limited and 1 more | Director | 23 Jan 2019 | 7 Years 9 Months | Current |
| Shahab Uddin Khan Also directs: Swissport Deccan India Private Limited | Director | 23 Jan 2019 | 7 Years 9 Months | Current |
| Kokkada Balakrishna Shabaraya | Additional Director | 19 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Deccan Charters Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Skyblue Aero Private Limited | ₹85.81 Cr (FY 2023) | 24.0% | Hyderabad, Telangana, India | |||
| Sobha Puravankara Aviation Private Limited | ₹85.81 Cr (FY 2025) | 178.0% | Bangalore, Karnataka, India | |||
| GMR Aviation Private Limited | ₹83.95 Cr (FY 2025) | 13.0% | New Delhi, Delhi, India | |||
| Charlie Foxtrot Aviation Services Private Limited | ₹82.38 Cr (FY 2025) | 1079.0% | New Delhi, Delhi, India | |||
| Volark Leasing Ifsc Private Limited | ₹75.19 Cr (FY 2024) | 167.0% | Gift, Gujarat, India | |||
| Taj Air Limited | ₹72.88 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Deccan Charters Private Limitedthis company | ₹70.69 Cr (FY 2023) | ₹18.47 Lakh | 0.3% | 10.0% | 88 | Bangalore, Karnataka, India |
| Windborne Aviation Private Limited | ₹66.18 Cr (FY 2024) | 168.0% | Delhi, India | |||
| Global Aviation Services Private Limited | ₹66.09 Cr (FY 2025) | 124.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Deccan Charters Private Limited, buy the company report.
Auditor
Deccan Charters Private Limited is audited by T RAMACHANDRAN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T RAMACHANDRAN & CO | FY 2023 | 009009S |
Shareholding
The shareholding of Deccan Charters Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Deccan Charters Private Limited, buy the company report.
Charges & borrowings
Open charges
₹52.2 Cr
Satisfied charges
₹50 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Mar 2017 | 100101698 | Yes Bank Limited | ₹29.3 Cr | Open | |
| 30 Dec 2014 | 10565641 | Yes Bank Limited | ₹15.25 Cr | Open | |
| 14 Dec 2009 | 10198315 | Yes Bank Limited | ₹7.65 Cr | Open | |
| 20 Dec 2010 | 10257229 | Syndicate Bank | ₹50 Cr | Satisfied |
To see the full charge records of Deccan Charters Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Deccan Charters Private Limited has 8 deals on record (3 funding rounds, 3 secondary share transfers, 2 acquisitions), with disclosed funding of ₹11.72 Cr; the latest was in February 2018.
Total deals
8
Funding rounds
3
Secondary share transfers
3
Acquisitions
2
Disclosed funding
₹11.72 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2018 | Acquisition | Undisclosed | Buyer: Gsec Aviation Limited. , Monarch Networth Capital Limited |
| Oct 2014 | Funding round | ₹1.77 Cr | Investors: DCL Holdings Private Limited , an individual |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: DCL Holdings Private Limited , 3 individuals Seller: Kingfisher Finvest India Limited , 3 individuals |
| Dec 2008 | Acquisition | ₹60 Cr | Buyer: DCL Holdings Private Limited |
| Jan 2008 | Funding round | ₹4.95 Cr | Investors: Kingfisher Finvest India Limited |
To see the full deal history of Deccan Charters Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Deccan Charters Private Limited has 127 court cases on record: 61 filed by Deccan Charters, 66 filed against it. 36 cases are pending and 91 are disposed.
Total cases
127
Filed by the company
61
Filed against the company
66
Pending
36
Disposed
91
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 69 | 39 | 30 |
| District courts | 42 | 25 | 4 |
| NCLAT | 8 | 0 | 0 |
| Supreme Court | 6 | 1 | 2 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 127)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Civil suit | Filed against the company by M S Vabsak Properties Pvt Ltd | Pending |
| High Court | Arbitration matter | Filed against the company by The New India Assurance Company Ltd | Pending |
| High Court, UTTARAKHAND | Court case (WPMS) | Filed by the company against Pawan Hans Limited and 10 others | Disposed |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by M/S. Krone Finstock Private Limited | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Gsec Monarch and Deccan Aviation Privatelimited | Disposed |
To see the full case history of Deccan Charters 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 Deccan Charters Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Deccan Charters has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Powerfly Aviation Services Private Limited | U93090KA2010PTC053273 |
To see the full group structure of Deccan Charters Private Limited, buy the company report.
Employees & EPFO
Deccan Charters Private Limited has a workforce of 88 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
88
Active EPFO establishments
1
Employee growth
-45.34%
GST
Deccan Charters has 10 GST registrations: 4 active and 6 cancelled or inactive.
Total GSTINs
10
Active
4
Cancelled / inactive
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCD9105G1ZP | Karnataka | Active | 01 Jul 2017 |
| 07AACCD9105G1ZV | Delhi | Active | 01 Jul 2017 |
| 27AACCD9105G1ZT | Maharashtra | Active | 01 Jul 2017 |
| 05AACCD9105G1ZZ | Uttarakhand | Active | 14 Jul 2017 |
To see the full GST registrations and return filing status of Deccan Charters Private Limited, buy the company report.
Recent activity
Deccan Charters Private Limited has 16 board changes on record since 2008: 3 appointments and 13 cessations. The latest: Kokkada Balakrishna Shabaraya was appointed as Additional Director on 19 Sep 2025.
Appointed
Kokkada Balakrishna Shabaraya was appointed as Additional Director.
Ceased
Kokkada Balakrishna Shabaraya ceased to be Director.
Charges
A charge with Yes Bank Limited of Rs. 7.65 Cr registered on 14 Dec 2009 with Charge ID 10198315 was modified on 28 Apr 2025.
Ceased
Anantharaman Govindapuram Krishnamurthy ceased to be Company Secretary.
Charges
A charge registered on 20 Dec 2010 via Charge ID 10257229 with Syndicate Bank was fully satisfied on 18 Oct 2023.
AGM
Deccan Charters Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Deccan Charters Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Ceased
Gorur Ramaswamy Gopinath ceased to be Managing Director.
Appointed
Sanjay Saihgal was appointed as Director.
Appointed
Shahab Uddin Khan was appointed as Director.
Charges
A charge with Yes Bank Limited of Rs. 29.30 Cr registered on 20 Mar 2017 with Charge ID 100101698 was modified on 15 May 2018.
Charges
A charge with Yes Bank Limited of Rs. 15.25 Cr registered on 30 Dec 2014 with Charge ID 10565641 was modified on 29 Nov 2017.
16 earlier events are in the company report.
News
Frequently asked questions
Deccan Charters is an active private limited company based in Bangalore, Karnataka, India. The company works in air charter and private aviation, within the transport and logistics industry. It was incorporated on 21 May 2007 (19+ years old) and is registered under CIN U63033KA2007PTC042858.
Deccan Charters has 3 current directors:
- Sanjay Saihgal - Director
- Shahab Uddin Khan - Director
- Kokkada Balakrishna Shabaraya - Additional Director
The latest financial statements of Deccan Charters on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Deccan Charters is 29AACCD9105G1ZP, registered in Karnataka. The company has 10 GST registrations in all, of which 4 are active and 6 are cancelled or inactive. Other active GSTINs include 07AACCD9105G1ZV (Delhi), 27AACCD9105G1ZT (Maharashtra), 05AACCD9105G1ZZ (Uttarakhand).
The CIN (Corporate Identification Number) of Deccan Charters is U63033KA2007PTC042858. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Deccan Charters has 127 court cases on record: 61 filed by the company and 66 filed against it. 36 are pending. Most are in the high courts.
Deccan Charters was incorporated on 21 May 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Deccan Charters has 8 deals on record (3 funding rounds, 3 secondary share transfers, 2 acquisitions), with disclosed funding of ₹11.72 Cr; the latest was in February 2018.
The peers of Deccan Charters by revenue are Skyblue Aero Private Limited, Sobha Puravankara Aviation Private Limited, GMR Aviation Private Limited, Charlie Foxtrot Aviation Services Private Limited, Volark Leasing Ifsc Private Limited and 3 more, all in the Aviation industry (Charter Services), with the same principal business activity (air transport).
Kokkada Balakrishna Shabaraya was appointed as Additional Director on 19 Sep 2025. Kokkada Balakrishna Shabaraya ceased to be Director on 18 Jul 2025. Anantharaman Govindapuram Krishnamurthy ceased to be Company Secretary on 23 Aug 2024. Deccan Charters has 16 board changes on record in total.
Yes, Deccan Charters is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0132839).