Executive Airways Private Limited
About Executive Airways Private Limited
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Executive Airways Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the air charter and private aviation segment of the transport and logistics sector. It was incorporated on 10 November 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U71110MH1994PTC082784. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors including Pradeep Ramachandran Thampi and Nikhil Pradeep Thampi.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Malkani Chambers Ground Floor Off Nehru Road Vile Parle East, Mumbai, Maharashtra, India – 400099.
As per the financials filed for FY 2020, the company reported a revenue of ₹4.74 Cr, a decline of 80% compared to the previous year. For the same year it recorded a net profit of ₹29.48 Lakh (net margin 6.2%) and EBITDA of -₹1.7 Cr (EBITDA margin -35.9%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years and 14% over five years.
As per MCA filings, the company has open charges of ₹9.42 Cr on record. Court records list 50 cases involving the company, including 50 filed against it; 18 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Executive Airways Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressMalkani Chambers Ground Floor Off Nehru Road Vile Parle East, Mumbai, Maharashtra, India – 400099
- IndustryTransport and Logistics, Air Charter & Private Aviation
To see the full contact details of Executive Airways 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 Executive Airways is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Executive Airways Private Limited, buy the company report.
Financials of Executive Airways Private Limited
FY 2021 filings availableExecutive Airways Private Limited reported revenue of ₹4.74 Cr (down 80% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 80% fall 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.74 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.7 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹29.48 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -35.9% | ||||
| Net Profit Margin | 6.2% | ||||
| 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 | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Executive Airways Private Limited, buy the company report.
Board of directors of Executive Airways Private Limited
Executive Airways has 7 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachinbhai Dayanand Mohite Also directs: Majestic Airways Private Limited | Additional Director | 20 Feb 2021 | 5 Years 8 Months | Current |
| Ruchita Uday Sahay | Additional Director | 24 Feb 2021 | 5 Years 7 Months | Current |
| Sonali Sandeep Mohite Also directs: Majestic Airways Private Limited | Additional Director | 20 Feb 2021 | 5 Years 8 Months | Current |
| Sandesh Dayanand Mohite Also directs: Majestic Airways Private Limited | Additional Director | 20 Feb 2021 | 5 Years 8 Months | Current |
| Pradeep Ramachandran Thampi Also directs: Golden Wings Private Limited, Nikhil Thampi Label Private Limited | Director | 10 Nov 1994 | 31 Years 11 Months | Current |
| Nikhil Pradeep Thampi Also directs: Nikhil Thampi Label Private Limited | Director | 14 Feb 2007 | 19 Years 8 Months | Current |
Auditor
Executive Airways Private Limited is audited by K N SHAH & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K N SHAH & CO | FY 2020 | 109639W |
Shareholding
The shareholding of Executive Airways Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Executive Airways Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Dec 2016 | 100065676 | Others | ₹3.64 Cr | Open | |
| 27 Oct 2016 | 100069495 | Others | ₹3.03 Cr | Open | |
| 12 Jul 2013 | 10436327 | Dcb Bank Limited | ₹2.75 Cr | Open |
To see the full charge records of Executive Airways Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Executive Airways Private Limited has 50 court cases on record: 50 filed against it. 18 cases are pending and 32 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 46 | 46 | 18 |
| High courts | 4 | 4 | 0 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Avanse Financial Services Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by Idfc First Bank Ltd | Pending |
| Bombay High Court | Court case (N) | Filed against the company by Avanse Financial Services Ltd. | Disposed |
| Bombay High Court | Writ petition | Filed against the company by Tata Capital Financial Services Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Tata Capital Ltd | Disposed |
To see the full case history of Executive Airways 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 Executive Airways Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Executive Airways has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Executive Airways Private Limited, buy the company report.
Recent activity
Executive Airways Private Limited has 7 board changes on record since 1994: 7 appointments. The latest: Ruchita Uday Sahay was appointed as Additional Director on 24 Feb 2021.
3 earlier events are in the company report.
Frequently asked questions
Executive Airways is an active private limited company based in Mumbai, Maharashtra, India. The company works in air charter and private aviation, within the transport and logistics industry. It was incorporated on 10 November 1994 (32+ years old) and is registered under CIN U71110MH1994PTC082784.
Executive Airways has 7 current directors:
- Sachinbhai Dayanand Mohite - Additional Director
- Ruchita Uday Sahay - Additional Director
- Sonali Sandeep Mohite - Additional Director
- Sandesh Dayanand Mohite - Additional Director
- Pradeep Ramachandran Thampi - Director
- Nikhil Pradeep Thampi - Director
- Daksha Pradeep Thampi - Director
The latest financial statements of Executive Airways on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
No. Executive Airways has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Executive Airways is U71110MH1994PTC082784. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Executive Airways has 50 court cases on record: 50 filed against it. 18 are pending. Most are in the district courts.
Executive Airways was incorporated on 10 November 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Ruchita Uday Sahay was appointed as Additional Director on 24 Feb 2021. Sachinbhai Dayanand Mohite was appointed as Additional Director on 20 Feb 2021. Sandesh Dayanand Mohite was appointed as Additional Director on 20 Feb 2021. Executive Airways has 7 board changes on record in total.
The registered office of Executive Airways is at Malkani Chambers Ground Floor Off Nehru Road Vile Parle East, Mumbai, Maharashtra, India – 400099.
Executive Airways operates in the transport and logistics industry, in the air charter and private aviation segment.