About Green Airways Private Limited
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Green Airways Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the cargo services segment of the transport and logistics sector. It was incorporated on 14 December 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U63013DL2009PTC196896. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹60 Lakh. It is led by directors Ram Chander Kaushik and Mahinder Singh.
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 House No – 252, Vill & Po Ghitorni New Delhi – 110030, Delhi, India – 110030.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.09 Cr, a decline of 74% compared to the previous year. For the same year it recorded a net loss of ₹80.04 Lakh (net margin -73.5%) and EBITDA of -₹29.01 Lakh (EBITDA margin -26.6%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 39% over five years.
As per MCA filings, the company has open charges of ₹6.71 Cr on record. Court records list 17 cases involving the company, including 9 filed by the company and 8 filed against it; 2 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.1 Cr; the latest was in March 2019.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website greenairways.in.
Company details
Contact details
Green Airways Private Limited's registered office is in New Delhi, Delhi. Its website is greenairways.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHouse No – 252, Vill & Po Ghitorni New Delhi – 110030, Delhi, India – 110030
- IndustryTransport and Logistics, Cargo Services, Carrying & Forwarding Agents (CFA), Air Cargo Services & Logistics
To see the full contact details of Green 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 Green Airways 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 Green Airways Private Limited, buy the company report.
Financials of Green Airways Private Limited
FY 2021 filings availableGreen Airways Private Limited reported revenue of ₹1.09 Cr (down 74% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 39% over five years, including a 74% fall in the latest year. EBITDA rose 92% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹29.01 Lakh | ||||
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| Net Profit (PAT) | -₹80.04 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | -26.6% | ||||
| Net Profit Margin | -73.5% | ||||
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To see the full financial statements and ratios of Green Airways Private Limited, buy the company report.
Board of directors of Green Airways Private Limited
Green Airways has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ram Chander Kaushik | Director | 28 Nov 2021 | 4 Years 11 Months | Current |
| Mahinder Singh | Director | 24 Mar 2022 | 4 Years 7 Months | Current |
Auditor
Green Airways Private Limited is audited by V P BATRA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V P BATRA & CO | FY 2020 | 002095N |
Shareholding
The shareholding of Green Airways Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Green Airways Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Apr 2015 | 10569399 | Punjab National Bank | ₹25 Lakh | Open | |
| 28 Oct 2014 | 10530163 | Icici Bank Limited | ₹1.09 Cr | Open | |
| 28 Aug 2014 | 10519517 | Icici Bank Limited | ₹86.76 Lakh | Open | |
| 13 Jan 2010 | 10199896 | Punjab National Bank | ₹2.75 Cr | Open | |
| 13 Jan 2010 | 10199897 | Punjab National Bank | ₹1.75 Cr | Open |
To see the full charge records of Green Airways Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Green Airways Private Limited has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.1 Cr; the latest was in March 2019.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| Apr 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2012 | Funding round | ₹1.7 Cr | Investors: an individual |
| Apr 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Green Airways 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
Green Airways Private Limited has 17 court cases on record: 9 filed by Green Airways, 8 filed against it. 2 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 7 | 1 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Court case (EX CIVIL) | Filed against the company by Neha Aviation Management Pvt Ltd | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Lakshya Express Logistics Pvt. Ltd. | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Lakshya Expressk Logistics Pvt. Ltd. | Disposed |
| District court, Gurugram, Haryana | Civil suit | Filed by the company against Sdo Cum Registering Authority and 2 others | Pending |
| High Court of Karnataka | Court case (MFA) | Filed against the company by an individual | Pending |
To see the full case history of Green 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 Green Airways Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Green Airways Private Limited has 1 active EPFO establishment as of Apr 09, 2024.
GST
Green Airways has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Green Airways Private Limited, buy the company report.
Recent activity
Green Airways Private Limited has 8 board changes on record since 2015: 2 appointments and 6 cessations. The latest: Vaishali Dang ceased to be Director on 25 Mar 2022.
6 earlier events are in the company report.
Frequently asked questions
Green Airways is an active private limited company based in New Delhi, Delhi, India. The company works in cargo services, within the transport and logistics industry. It was incorporated on 14 December 2009 (17+ years old) and is registered under CIN U63013DL2009PTC196896.
Green Airways has 2 current directors:
- Ram Chander Kaushik - Director
- Mahinder Singh - Director
The latest financial statements of Green 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. Green Airways has 10 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Green Airways is U63013DL2009PTC196896. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Green Airways has 17 court cases on record: 9 filed by the company and 8 filed against it. 2 are pending. Most are in the district courts.
Green Airways was incorporated on 14 December 2009, making it 17+ years old. It is registered with the Registrar of Companies, Delhi.
Green Airways has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.1 Cr; the latest was in March 2019.
Vaishali Dang ceased to be Director on 25 Mar 2022. Mahinder Singh was appointed as Director on 24 Mar 2022. Ram Chander Kaushik was appointed as Director on 28 Nov 2021. Green Airways has 8 board changes on record in total.
Green Airways can be reached through the website greenairways.in. Its registered office is in New Delhi, Delhi, India.