India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,174 Agnishwar Jayaprakash ₹2,100 Cr
Revenue · FY 2025
₹124.8 Cr
▲ 13% YoY
Net profit · FY 2025
₹17.27 Cr
Net margin 13.8%
EBITDA · FY 2025
₹28.2 Cr
EBITDA margin 22.6%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹11.93 Lakh
Issued & subscribed
Open charges
₹9 Cr
Satisfied ₹19 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
130
Provident fund records
About Garuda Aerospace Limited
Data last updated:
Garuda Aerospace Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the aircraft and component manufacturing segment of the transport and logistics sector. It was incorporated on 06 October 2015 and has been in existence for over 11 years.
Its director Agnishwar Jayaprakash is #1,174 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2015PLC102474. Its GSTIN is 33AAGCG1621A1ZG (Tamil Nadu).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹11.93 Lakh. It was formerly known as Garuda Aerospace Private Limited. It is led by directors including Agnishwar Jayaprakash (Whole-Time Director) and Rithika Mohan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Third Floor Agni Business Centre No.24/46 K B Dasan Road Alwarpet, Chennai, Tamil Nadu, India – 600018.
As per the financials filed for FY 2025, the company reported a revenue of ₹124.8 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹17.27 Cr (net margin 13.8%) and EBITDA of ₹28.2 Cr (EBITDA margin 22.6%). Revenue has grown at a compounded annual rate (CAGR) of 101% over three years and 168% over five years.
The company has about 130 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Garuda Aerospace. As per MCA filings, the company has open charges of ₹9 Cr and satisfied charges of ₹19 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 3 cases are pending. The company has 23 deals on record (14 funding rounds, 6 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹180.16 Cr; the latest was in August 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garudaaerospace.com.
Company details
CIN U74900TN2015PLC102474
Registration Number 102474
Incorporation Date 06 October 2015
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
CIN history
Garuda Aerospace has one previous CIN (Corporate Identification Number): U74900TN2015PTC102474. The current CIN is U74900TN2015PLC102474, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900TN2015PLC102474 | Current |
| U74900TN2015PTC102474 | Previous |
Key People
Agnishwar Jayaprakash Whole-Time Director Rithika Mohan Whole-Time Director Asha Vijayaraghavan Director Recognitions & Rankings of Garuda Aerospace
Contact details
Garuda Aerospace Limited's registered office is in Chennai, Tamil Nadu.
- Social Media
- Registered AddressThird Floor Agni Business Centre No.24/46 K B Dasan Road Alwarpet, Chennai, Tamil Nadu, India – 600018
- IndustryTransport and Logistics, Aircraft & Component Manufacturing
Comprehensive company report
Garuda Aerospace 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Garuda Aerospace operates one associated brand: Garuda Aerospace. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of drones and provider of drone-based solutions across various sectors | garudaaerospace.com |
Business activity
The main business activities of Garuda Aerospace are professional, scientific and technical and trade. In detail, this covers other professional, scientific and technical activities and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Garuda Aerospace Limited, buy the company report.
Financials of Garuda Aerospace Limited
FY 2024 filings availableGaruda Aerospace Limited reported revenue of ₹124.8 Cr (up 13% YoY) for FY 2025.
Revenue · FY 2025
₹124.8 Cr ▲ 13%
Net profit · FY 2025
₹17.27 Cr margin 13.8%
EBITDA · FY 2025
₹28.2 Cr margin 22.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 101%
5 years · compounded
▲ 168%
EBITDA CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 76%
5 years · compounded
▲ 211%
Revenue has grown at a compounded annual rate (CAGR) of 168% over five years, including 13% growth in the latest year. EBITDA rose 12% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹28.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.27 Cr | ||||
| 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 | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.6% | ||||
| Net Profit Margin | 13.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Garuda Aerospace Limited, buy the company report.
Board of directors of Garuda Aerospace Limited
Garuda Aerospace has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asha Vijayaraghavan Also directs: Vulcantech Software India Private Limited | Director | 05 Nov 2025 | 0 Years 11 Months | Current |
| Agnishwar Jayaprakash Also directs: Agni Business & Management Services Private Limited | Whole-Time Director | 10 Jan 2022 | 4 Years 9 Months | Current |
| Rithika Mohan | Whole-Time Director | 10 Jan 2022 | 4 Years 9 Months | Current |
| Mandakulathur Ramachandran Venkatesh | Director | 05 Nov 2025 | 0 Years 11 Months | Current |
Charges & borrowings
Open charges
₹9 Cr
Satisfied charges
₹19 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Feb 2024 | 100882823 | Others | ₹10 Cr | Satisfied | |
| 07 Mar 2023 | 100696022 | Others | ₹9 Cr | Satisfied |
To see the full charge records of Garuda Aerospace Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Garuda Aerospace Limited has 23 deals on record (14 funding rounds, 6 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹180.16 Cr; the latest was in August 2025.
Total deals
23
Funding rounds
14
Secondary share transfers
6
Convertible or debt financings
2
Rights issue
1
Disclosed funding
₹180.16 Cr
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2025 | Funding round · Series C | ₹9.39 Cr | Investors: Gsg91 Advisors LLP , Mili Capital Investment Trust - Mili Emerging equity fund, 2 individuals |
| May 2025 | Funding round | ₹2.09 Cr | Investors: an individual |
| Mar 2024 | Funding round · Series B | ₹10.7 Cr | Investors: Hathor Corporate Advisors LLP , Rishabh Homes Private Limited , 2 individuals |
| Oct 2023 | Funding round · Series A | ₹24.32 Cr | Investors: Z Nation Lab, We Founder Circle, S Four Capital, an individual |
| Dec 2022 | Funding round · Pre-Series A | ₹10.97 Cr | Investors: 4 individuals |
To see the full deal history of Garuda Aerospace 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
Garuda Aerospace Limited has 6 court cases on record: 3 filed by Garuda Aerospace, 3 filed against it. 3 cases are pending and 3 are disposed.
Total cases
6
Filed by the company
3
Filed against the company
3
Pending
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 2 |
| High courts | 2 | 1 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Sirohi, Rajasthan | Court case (Complaint) | Filed against the company by an individual | Pending |
| High Court of Karnataka | Court case (CRL.P) | Filed against the company | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by M/S Sai Services Through Kishor Kulkarni | Disposed |
| High Court | Writ petition | Filed by the company against The State of Karnataka and 1 other | Disposed |
To see the full case history of Garuda Aerospace 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 Garuda Aerospace Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Garuda Aerospace has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCG1621A1ZG | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Garuda Aerospace Limited, buy the company report.
Recent activity
Garuda Aerospace Limited has 11 board changes on record since 2017: 4 appointments and 7 cessations. The latest: Asha Vijayaraghavan ceased to be Additional Director on 20 Nov 2025.
Ceased
Asha Vijayaraghavan ceased to be Additional Director.
Ceased
Mandakulathur Ramachandran Venkatesh ceased to be Additional Director.
Appointed
Asha Vijayaraghavan was appointed as Director.
Appointed
Mandakulathur Ramachandran Venkatesh was appointed as Director.
Charges
A charge registered on 07 Mar 2023 via Charge ID 100696022 with Others was fully satisfied on 12 May 2025.
Charges
A charge with Others of Rs. 900.00 Lakh registered on 07 Mar 2023 with Charge ID 100696022 was modified on 17 Oct 2024.
AGM
Garuda Aerospace Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
Charges
A charge registered on 19 Feb 2024 via Charge ID 100882823 with Others was fully satisfied on 29 Aug 2024.
Filing
Garuda Aerospace Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Others amounted to Rs. 1,000.00 Lakh with Charge ID 100882823 was registered on 19 Feb 2024.
Charges
A charge with Others amounted to Rs. 900.00 Lakh with Charge ID 100696022 was registered on 07 Mar 2023.
Ceased
Rithika Mohan ceased to be Additional Director.
7 earlier events are in the company report.
News
Frequently asked questions
Garuda Aerospace is an active public limited company based in Chennai, Tamil Nadu, India. The company works in aircraft and component manufacturing, within the transport and logistics industry. It was incorporated on 06 October 2015 (11+ years old) and is registered under CIN U74900TN2015PLC102474.
Garuda Aerospace has 4 current directors:
- Agnishwar Jayaprakash - Whole-Time Director
- Rithika Mohan - Whole-Time Director
- Asha Vijayaraghavan - Director
- Mandakulathur Ramachandran Venkatesh - Director
The latest financial statements of Garuda Aerospace on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Garuda Aerospace is 33AAGCG1621A1ZG, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Garuda Aerospace is U74900TN2015PLC102474. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garuda Aerospace has 6 court cases on record: 3 filed by the company and 3 filed against it. 3 are pending. Most are in the district courts.
Garuda Aerospace was incorporated on 06 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Chennai.
Garuda Aerospace has 23 deals on record (14 funding rounds, 6 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹180.16 Cr; the latest was in August 2025.
Asha Vijayaraghavan ceased to be Additional Director on 20 Nov 2025. Mandakulathur Ramachandran Venkatesh ceased to be Additional Director on 20 Nov 2025. Asha Vijayaraghavan was appointed as Director on 05 Nov 2025. Garuda Aerospace has 11 board changes on record in total.
Garuda Aerospace can be reached through the website garudaaerospace.com. Its registered office is in Chennai, Tamil Nadu, India.