European Projects & Aviation Limited

European Projects & Aviation Limited - business outsourcing in Navi Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN U64200MH1996PLC103693 Incorporated 31 October 1996 ROC Mumbai HQ Navi Mumbai, Maharashtra, India
Under Insolvency Public Limited Company business outsourcing
Data last updated
Revenue · FY 2025
₹7,000
▼ 92.00% YoY
EBITDA · FY 2025
*****
▼ 509.00% YoY
Net profit · FY 2025
*****
▼ 516.00% YoY
Authorised capital
₹300 Cr
Registered with MCA
Paid-up capital
₹195.31 Cr
Issued & subscribed
Open charges
₹3.95 Lakh
Satisfied ₹1,585.07 Cr
Company age
30 yrs
Est. 1996
Last financials
Mar 2024
Balance sheet date

About European Projects & Aviation Limited

Data last updated: 14 July 2025

European Projects & Aviation Limited is a public limited company based in Navi Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It specialises in business and IT consulting, a part of the broader business process outsourcing sector. Incorporated on 31 October 1996, the company has been in operation for over 30 years.

Registered with ROC Mumbai under CIN U64200MH1996PLC103693.

Capital: an authorised share capital of ₹300 Cr and a paid-up capital of ₹195.31 Cr. Formerly known as Integrated Call Management (India) Private Limited and Global Projects & Aviation Private Limited. It is led by directors including Ganesh Ratnakar Naik and Laxmikant Yeshwant Desai.

Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: Gala No.B – 15 3Rd Floor Electronic Sadan – I Midc Ttc Industrial Area Mahape, Navi Mumbai, Maharashtra, India – 400710.

As per the financials filed for FY 2025, the company reported a revenue of ₹7,000, a decline of 92% compared to the previous year.

As per MCA filings, the company has open charges of ₹3.95 Lakh and satisfied charges of ₹1,585.07 Cr on record.

The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments.

Company Details of European Projects & Aviation Limited
CIN U64200MH1996PLC103693
Registration Number 103693
Incorporation Date 31 October 1996
ROC Mumbai
Listing Status Unlisted
Company Status Under CIRP
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Non-Compliant
Contact Details
  • Email
    *****@*****.com
  • Telephone
    **************
  • Website
    **************
  • Social Media
    **************
  • Registered Address
    Gala No.B – 15 3Rd Floor Electronic Sadan – I Midc Ttc Industrial Area Mahape, Navi Mumbai, Maharashtra, India – 400710
  • Industry
    Business Outsourcing, Business & IT Consulting
Company report
European Projects & Aviation Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
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Financials, compliance, directors, charges, ownership and filings for European Projects & Aviation Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of European Projects & Aviation Limited

European Projects & Aviation Limited has undergone 6 name changes throughout its history. The current legal name is European Projects & Aviation Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
European Projects & Aviation Limited Current
Integrated Call Management (India) Private Limited Previous
Global Projects & Aviation Private Limited Previous
Gtl Management Services & Projects Private Limited Previous
Global Projects & Aviation Limited Previous
Global Projects & Aviation Limited Previous
Broadsystem Multimedia Private Limited Previous

CIN History of European Projects & Aviation Limited

European Projects & Aviation Limited has one previous CIN (Corporate Identification Number): U64200MH1996PTC103693. The current CIN is U64200MH1996PLC103693, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
U64200MH1996PLC103693 Current
U64200MH1996PTC103693 Previous

Auditor Details of European Projects & Aviation Limited

European Projects & Aviation Limited is audited by V NAIR & ASSOCIATES for the financial year 2019. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.

Name Status Appointment Date Cessation Date
V NAIR & ASSOCIATES blur-value blur-value blur-value

Board of Directors of European Projects & Aviation Limited

European Projects & Aviation Limited is currently managed by 4 directors, with 8 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Directors (as last reported)
Name Designation Appointment Date Tenure Status
Ganesh Ratnakar Naik Director 16 Aug 2012 13 Years 10 Months As last reported
Laxmikant Yeshwant Desai Irp/Rp/Liquidator 07 Jul 2025 1 Years 0 Months As last reported
Mukesh Shashikant Jadhav Whole-Time Director 08 Sep 2016 9 Years 10 Months As last reported
Rakesh Dhondu Kokare Additional Director 05 Oct 2016 9 Years 9 Months As last reported

Financials of European Projects & Aviation Limited FY 2024 filings available

European Projects & Aviation Limited reported revenue of ₹7,000 (down 92% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue
₹7,000 ▼ -92%
Profit
***** ▼ -516%
EBITDA
***** ▼ -509%
Metrics
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Revenue
Revenue from Operations
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Revenue Growth %
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Other Income
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Total Revenue
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Expenses
Total Expenses
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Raw Material Cost
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Change in Inventory FG
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Change in Inventory WIP
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Purchase of Traded Goods
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Employee Cost
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Managerial Remuneration
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Audit Fees
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Insurance
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Power & Fuel
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Interest
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Depreciation
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Other Expenses
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Profitability
EBITDA (Operating Profit)
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Operating Margin %
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Exceptional Items
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Extraordinary Items
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Profit Before Exceptional & Extraordinary Items
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Profit Before Tax
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Tax & Net Profit
Tax Expense
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Current Tax
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Deferred Tax
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Profit from Discontinued Operations
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Tax on Discontinued Operations
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Profit
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Net Margin %
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Metrics
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Shareholders' Funds
Total Shareholders' Funds
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Equity Capital
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Reserves & Surplus
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Money Against Warrants
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Other Equity
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Non-Current Liabilities
Total Non-Current Liabilities
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Long-Term Borrowings
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Deferred Tax Liabilities
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Other Non-Current Liabilities
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Long-Term Provisions
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Current Liabilities
Total Current Liabilities
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Short-Term Borrowings
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Trade Payables
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Other Current Liabilities
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Short-Term Provisions
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Total Equity & Liabilities
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Non-Current Assets
Non-Current Assets
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Tangible Assets
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Intangible Assets
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Capital WIP
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Intangibles Under Dev
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Investments
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Deferred Tax Assets
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LT Loans & Advances
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Other Non-Current Assets
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Current Assets
Current Assets
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Current Investments
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Inventories
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Trade Receivables
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Cash & Bank Balance
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ST Loans & Advances
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Other Current Assets
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Total Assets
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Metrics
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Cash from Operating Activities (CFO)
Profit Before Tax
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Non-Cash Adjustments
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+ Interest Expense
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+ Depreciation
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+/- Unrealized Forex
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- Dividend Income
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- Interest Income
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+/- Other Non-Cash Items
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Changes in Working Capital
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+/- Inventory
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+/- Debtors
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+/- Creditors
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Reconciliation Adjustments
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Cash Generated from Operations
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Income Taxes Paid
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Net CFO (Cash from Operations)
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Cash from Investing Activities (CFI)
Acquisitions & Disposals
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Disposal of Subsidiaries
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Acquisition of Subsidiaries
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Capex
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Purchase of Fixed Assets
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Sale of Fixed Assets
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Other Investing Cash Flows
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Net CFI (Cash from Investing)
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Cash from Financing Activities (CFF)
Equity Issuance
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Debt Raised
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Debt Repaid
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Dividends Paid
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Interest Paid
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Net CFF (Cash from Financing)
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Net Cash Position
Net Change in Cash (Pre-Forex)
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Closing Cash & Equivalents
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Metrics
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Liquidity
Current Ratio
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Quick Ratio
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Cash Ratio
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Efficiency
Inventory Days
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Debtor Days
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Creditor Days
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Cash Conversion Cycle
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Asset Turnover
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Profitability
Net Profit Margin %
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Operating Margin %
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ROE %
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ROCE %
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Net Worth Margin %
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Growth
Revenue Growth %
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Leverage
Equity Multiplier
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Debt / EBITDA
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Solvency
D/E Ratio
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ICR
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Consolidated Statements

Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.

Unlock Complete Financial History (FY 2015 – Latest)
Standalone & Consolidated - Income Statement, Balance Sheet, Cash Flow, Financial Ratios and Growth Trends with 10+ years of line-item data.
10+ years of data Line-item breakdown Balance Sheet detail Cash Flow analysis 20+ ratios & metrics Downloadable PDF

Shareholding Pattern of European Projects & Aviation Limited

As of FY 2019, European Projects & Aviation Limited's shareholding pattern shows 43.00% by promoters, 57.00% by public shareholders. Public shareholders hold the majority stake, reflecting broad public ownership.

2025
YEAR
38.19% Promoters
25.22% DII (Domestic Institutional)
10.28% FII (Foreign Institutional)
25.89% Public
2.42% Others
Shareholding Trend
Year 2025
Promoters 33.19%
DII 23.22%
FII 18.28%
Public 22.89%
Others 2.42%

Charges & Borrowings of European Projects & Aviation Limited

Open charges
₹3.95 Lakh
Satisfied charges
₹1,585.07 Cr
Breakdown by lending institutions
Corporation Bank₹0.04 Cr
Latest charge details
DateLenderAmountStatus
11 Nov 1997 Corporation Bank ₹3.95 Lakh Open
04 Jul 2013 Idbi Bank Limited ₹375.07 Cr Satisfied
18 Jan 2011 Idbi Bank Limited ₹175 Cr Satisfied
11 Jan 2011 Andhra Bank ₹100 Cr Satisfied
02 Nov 2010 Central Bank of India ₹100 Cr Satisfied

Total charge records: 14 View all charges

Employees and EPFO Compliance at European Projects & Aviation Limited

European Projects & Aviation Limited has a workforce of 0 employees as of Apr 07, 2024.

Active EPFO establishments
1
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of European Projects & Aviation Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of European Projects & Aviation Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of European Projects & Aviation Limited

Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.

GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for European Projects & Aviation Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of European Projects & Aviation Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by European Projects & Aviation Limited

MSME Payment Delays by European Projects & Aviation Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of European Projects & Aviation Limited

Subsidiaries & Group Companies of European Projects & Aviation Limited

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of European Projects & Aviation Limited

MCA Filings & Documents of European Projects & Aviation Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on European Projects & Aviation Limited

Directors
07 Jul 2025
Laxmikant Yeshwant Desai was appointed as a IRP/RP/Liquidator on 07 Jul 2025 & has been associated with this company since 1 year 1 day.
Activity
30 Sep 2024
European Projects & Aviation Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Activity
31 Mar 2024
European Projects & Aviation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
16 Aug 2018
A charge registered on 04 Jul 2013 via Charge ID 10438406 with Idbi Bank Limited was fully satisfied on 16 Aug 2018.
Charges
28 Mar 2018
A charge registered on 08 Sep 2010 via Charge ID 10242209 with Others was fully satisfied on 28 Mar 2018.
Charges
26 Mar 2018
A charge registered on 02 Nov 2010 via Charge ID 10255880 with Central Bank Of India was fully satisfied on 26 Mar 2018.

Frequently Asked Questions about European Projects & Aviation Limited

European Projects & Aviation Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.

European Projects & Aviation Limited is a company under insolvency, formerly operating as a public limited company in the business outsourcing sector based in Navi Mumbai, Maharashtra, India. It was incorporated on 31 October 1996 and is registered under CIN U64200MH1996PLC103693. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

European Projects & Aviation Limited reported revenue of ₹7,000 for FY 2025 (down 92.00% YoY).

The current directors of European Projects & Aviation Limited are:

The CIN (Corporate Identification Number) of European Projects & Aviation Limited is U64200MH1996PLC103693. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

European Projects & Aviation Limited has open charges of ₹3.95 Lakh and satisfied charges of ₹1,585.07 Cr as per latest MCA filings.

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