About Go Airlines (India) Limited
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Go Airlines (India) Limited is a public limited company based in New Delhi, Delhi, 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 operates in the air transport services segment of the transport and logistics sector. It was incorporated on 29 April 2004.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U63013DL2004PLC217305. Its GSTIN is 07AACCG2599K1Z7 (Delhi). The company holds 50 GST registrations, of which 40 are active.
The company has an authorised share capital of ₹960 Cr and a paid-up capital of ₹722.58 Cr. It was formerly known as Go Airlines (India) Private Limited. It is led by directors including Varun Berry and Dinkar Tiruvannadapuram Venkatasubramanian (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 26 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at C/O Britania Industries Limited A – 33 Lawrence Road Industrial Area, India, New Delhi, Delhi, India – 110035.
As per the financials filed for FY 2022, the company reported a revenue of ₹4,351.68 Cr, a growth of 87% compared to the previous year. For the same year it recorded a net loss of ₹1,804.08 Cr (net margin -41.5%) and EBITDA of ₹163.78 Cr (EBITDA margin 3.8%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years.
The company has about 3,929 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: GoAir. As per MCA filings, the company has open charges of ₹9,350.84 Cr and satisfied charges of ₹612.3 Cr on record. Court records list 216 cases involving the company, including 60 filed by the company and 156 filed against it; 51 cases are pending. The company has 10 deals on record (3 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹1,055.98 Cr; the latest was in December 2022. Its 6 peer companies in the Aviation industry (Air Passenger Services), with the same principal business activity (air transport) are compared by revenue, 4 larger and 2 smaller; the largest is Jet Airways (India) Limited with revenue of ₹25,177 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 601 overdue payments to 55 micro and small suppliers.
The last known website on record is goair.in.
Company details
CIN history
Go Airlines (India) has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U63013DL2004PLC217305, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63013DL2004PLC217305 | Current |
| U63013MH2004PTC145991 | Previous |
| U63013MH2004PLC145991 | Previous |
Contact details
Go Airlines (India) Limited's registered office is in New Delhi, Delhi. Its website is goair.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressC/O Britania Industries Limited A – 33 Lawrence Road Industrial Area, India, New Delhi, Delhi, India – 110035
- IndustryTransport and Logistics, Air Transport Services
To see the full contact details of Go Airlines (India) 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 Go Airlines (India) 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 Go Airlines (India) Limited, buy the company report.
Financials of Go Airlines (India) Limited
FY 2022 filings availableGo Airlines (India) Limited reported revenue of ₹4,351.68 Cr (up 87% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 87% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 12%. EBITDA fell 41% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4,351.68 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹163.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1,804.08 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.8% | ||||
| Net Profit Margin | -41.5% | ||||
| 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 Go Airlines (India) Limited, buy the company report.
Board of directors and KMP of Go Airlines (India) Limited
Go Airlines (India) Limited currently reports 9 directors and 1 key managerial person. 32 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Berry | Director | 25 Sep 2017 | 9 Years 1 Months | As last reported |
| Dinkar Tiruvannadapuram Venkatasubramanian Also directs: Ey Restructuring LLP | Irp/Rp/Liquidator | 06 Mar 2025 | 1 Years 7 Months | As last reported |
| Niraj Kumar Also directs: Bangalore Airport & Infrastructure Developers Limited, Tabemono True Aromas Limited, GVK Airport Holdings Limited and 2 more | Cfo | 08 Oct 2022 | 4 Years 0 Months | As last reported |
| Ben Basil Baldanza | Director | 18 Oct 2019 | 7 Years 0 Months | As last reported |
| Yashwant Shankarrao Patil Thorat | Director | 18 Oct 2019 | 7 Years 0 Months | As last reported |
| Vijay Laxman Kelkar | Director | 21 Jun 2011 | 15 Years 4 Months | As last reported |
Peer comparison
Go Airlines (India) Limited is compared with the 6 companies closest to it by revenue in the Aviation industry (Air Passenger 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 |
|---|---|---|---|---|---|---|
| Jet Airways (India) Limited | ₹25,177 Cr (FY 2018) | 4.0% | Mumbai, Maharashtra, India | |||
| Spicejet Limited | ₹6,768.26 Cr (FY 2025) | -21.0% | New Delhi, Delhi, India | |||
| Aix Connect Private Limited | ₹5,476.4 Cr (FY 2024) | 26.0% | Gurugram, Haryana, India | |||
| SNV Aviation Private Limited | ₹4,635.68 Cr (FY 2025) | 47.0% | Mumbai, Maharashtra, India | |||
| Go Airlines (India) Limitedthis company | ₹4,351.68 Cr (FY 2022) | -₹1,804.08 Cr | -41.5% | 87.0% | 3,929 | New Delhi, Delhi, India |
| Jet Lite (India) Limited | ₹1,318.03 Cr (FY 2018) | 6.0% | Mumbai, Maharashtra, India | |||
| Turbo Megha Airways Private Limited | ₹368.38 Cr (FY 2020) | 37.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Go Airlines (India) Limited, buy the company report.
Auditor
Go Airlines (India) Limited is audited by M S K A & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2022 | 105047W |
Shareholding
The shareholding of Go Airlines (India) Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Go Airlines (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Apr 2023 | 100701887 | Others | ₹510.77 Cr | Open | |
| 27 Mar 2023 | 100704876 | Idbi Bank Limited | ₹11.33 Cr | Open | |
| 27 Mar 2023 | 100705744 | Idbi Bank Limited | ₹9.44 Cr | Open | |
| 21 Mar 2023 | 100689774 | Others | ₹245 Cr | Open | |
| 20 Mar 2023 | 100688895 | Others | ₹245 Cr | Open |
To see the full charge records of Go Airlines (India) Limited, buy the company report.
Total charge records: 56 View all charges
Deals & funding
Go Airlines (India) Limited has 10 deals on record (3 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹1,055.98 Cr; the latest was in December 2022.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2019 | Rights issue | ₹97.5 Cr | Investors: Sea Wind Investment and Trading Company Limited , 3 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Nowrosjee Wadia and Sons Limited |
| Oct 2016 | Rights issue | ₹50 Cr | Investors: Go Investments & Trading Private Limited , Nidhivan Investments and Trading Company Pvt Limited , Sahara Investments Pvt Ltd , an individual |
| Aug 2013 | Rights issue | ₹29.24 Cr | Investors: Go Investments & Trading Private Limited , 3 individuals |
| Dec 2010 | Acquisition | Undisclosed | Buyer: Go Investments & Trading Private Limited Seller: Go Investments & Trading Private Limited , Sea Wind Investment and Trading Company Limited , Nidhivan Investments and Trading Company Pvt Limited |
To see the full deal history of Go Airlines (India) 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
Go Airlines (India) Limited has 216 court cases on record: 60 filed by Go Airlines (India), 156 filed against it. 51 cases are pending and 165 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 108 | 76 | 15 |
| District courts | 69 | 50 | 19 |
| NCLAT | 24 | 19 | 10 |
| Supreme Court | 15 | 11 | 7 |
Cases on record (5 of 216)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Mack Star Marketing Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Mack Star Marketing Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Mack Star Marketing Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Interactive Media and Communication Solutions Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Aroon Aviation Services Pvt. Ltd. Through Suresh Kumar Rana | Pending |
To see the full case history of Go Airlines (India) 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.
Credit ratings & regulatory alerts
Go Airlines (India) Limited was last rated by Brickwork on 17 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 17 Jan 2022 |
To see the full credit ratings and regulatory alerts of Go Airlines (India) Limited, buy the company report.
MSME payment delays
Go Airlines (India) Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 601 overdue payments to 55 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 55)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cargo Service Center India Private Limited | |||
| Energy Beverages Private Limited | |||
| Shri Ram Trading | |||
| Instahot Foods Private Limited | |||
| Suryakiran Lite Industries Private Limited |
To see the full MSME payment records of Go Airlines (India) Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Go Airlines (India) has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Goground Aviation Services Private Limited | U63000MH2006PTC162897 |
To see the full group structure of Go Airlines (India) Limited, buy the company report.
Employees & EPFO
Go Airlines (India) Limited has a workforce of 3,929 employees on its EPFO records as of Mar 29, 2024, across 2 active EPFO establishments.
GST
Go Airlines (India) has 50 GST registrations: 40 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCG2599K1Z7 | Delhi | Active | 01 Jul 2017 |
| 07AACCG2599K1CI | Delhi | Active | 08 Nov 2018 |
| 07AACCG2599K2CH | Delhi | Active | 20 Jun 2023 |
| 03AACCG2599K1ZF | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Go Airlines (India) Limited, buy the company report.
Recent activity
Go Airlines (India) Limited has 35 board changes on record since 2004: 10 appointments and 25 cessations. The latest: Dinkar Tiruvannadapuram Venkatasubramanian was appointed as Irp/Rp/Liquidator on 06 Mar 2025.
123 earlier events are in the company report.
News
Frequently asked questions
Go Airlines (India) 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.
Go Airlines (India) is a company under insolvency, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in air transport services, within the transport and logistics industry. It was incorporated on 29 April 2004 and is registered under CIN U63013DL2004PLC217305. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Go Airlines (India) has 10 current directors and KMP:
- Varun Berry - Director
- Ben Basil Baldanza - Director
- Yashwant Shankarrao Patil Thorat - Director
- Vijay Laxman Kelkar - Director
- Nusli Neville Wadia - Director
- Vinesh Kumar Jairath - Director
- Ness Nusli Wadia - Director
- Dinkar Tiruvannadapuram Venkatasubramanian - Irp/Rp/Liquidator
- Niraj Kumar - Cfo
- Kaushik Chandrahas Khona - Person Incharge
The latest financial statements of Go Airlines (India) on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 26 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Go Airlines (India) is U63013DL2004PLC217305. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Go Airlines (India) has open charges of ₹9,350.84 Cr and satisfied charges of ₹612.3 Cr as per latest MCA filings.
Go Airlines (India) has 216 court cases on record: 60 filed by the company and 156 filed against it. 51 are pending. Most are in the high courts.
Go Airlines (India) was incorporated on 29 April 2004. It is registered with the Registrar of Companies, Delhi.
Go Airlines (India) has 10 deals on record (3 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹1,055.98 Cr; the latest was in December 2022.
The peers of Go Airlines (India) by revenue are Jet Airways (India) Limited, Spicejet Limited, Aix Connect Private Limited, SNV Aviation Private Limited, Jet Lite (India) Limited and 1 more, all in the Aviation industry (Air Passenger Services), with the same principal business activity (air transport).
Dinkar Tiruvannadapuram Venkatasubramanian was appointed as Irp/Rp/Liquidator on 06 Mar 2025. Niraj Kumar was appointed as CFO on 08 Oct 2022. Varun Berry ceased to be Director on 15 Jun 2022. Go Airlines (India) has 35 board changes on record in total.
Go Airlines (India) has 11 MSME Form 1 returns on record between 2019 and 2023, listing 601 overdue payments to 55 micro and small suppliers. The latest return was filed on 31 Aug 2023.