Indiaone Air Private Limited

Indiaone Air Private Limited - transport and logistics in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U63000GJ2017PTC096387 Incorporated 20 March 2017 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company transport and logistics
Data last updated
Revenue · FY 2024
₹28.85 Cr
▲ 246% YoY
Net loss · FY 2024
₹3.23 Cr
Net margin -11.2%
EBITDA · FY 2024
-₹2.25 Cr
EBITDA margin -7.8%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹10 Cr
Issued & subscribed
Company age
9 yrs
Est. 2017
Employees · EPFO
136
Provident fund records
Directors on board
2
As per MCA filings

About Indiaone Air Private Limited

Data last updated:

Indiaone Air Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the aircraft and component manufacturing segment of the transport and logistics sector. It was incorporated on 20 March 2017 and has been in existence for over 9 years.

Its director Himanshu Jayantilal Shah and family are #666 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U63000GJ2017PTC096387.

The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Gsec Renewable Energy Private Limited and Gsec Monarch and Deccan Aviation Private Limited. It is led by directors Himansu Jayantilal Shah and Shaishav Rakeshkumar Shah.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ch 7 2nd Floor Inspire Business Park, Ahmedabad, Gujarat.

As per the financials filed for FY 2024, the company reported a revenue of ₹28.85 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹3.23 Cr (net margin -11.2%) and EBITDA of -₹2.25 Cr (EBITDA margin -7.8%). Revenue has grown at a compounded annual rate (CAGR) of 437% over five years.

The company has about 136 employees on its provident fund (EPFO) records.

Court records list 6 cases involving the company, including 6 filed against it. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in May 2019. Its 4 peer companies in the Aviation industry (Air Passenger Services), with the same principal business activity (air transport) are compared by revenue, 2 larger and 2 smaller; the largest is Bajaj Aviation Private Limited with revenue of ₹32.93 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indiaoneair.com.

Company details

CIN U63000GJ2017PTC096387
Registration Number 096387
Incorporation Date 20 March 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

Name history

Indiaone Air has undergone 4 name changes throughout its history. The current legal name is Indiaone Air Private Limited.

Company NameStatus
Indiaone Air Private LimitedCurrent
Gsec Renewable Energy Private LimitedPrevious
Gsec Monarch And Deccan Aviation Private LimitedPrevious
Gsec Monarch And Deccan Aviation PrivatelimitedPrevious
Gsec And Monarch Aviation Private LimitedPrevious

CIN history

Indiaone Air has one previous CIN (Corporate Identification Number): U29306GJ2017PTC096387. The current CIN is U63000GJ2017PTC096387, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U63000GJ2017PTC096387Current
U29306GJ2017PTC096387Previous
Key People
Himansu Jayantilal Shah Director Shaishav Rakeshkumar Shah Director

Recognitions & Rankings of Indiaone Air

Contact details

Indiaone Air Private Limited's registered office is in Ahmedabad, Gujarat. Its website is indiaoneair.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    indiaoneair.com
  • Social Media
  • Registered Address
    Ch 7 2nd Floor Inspire Business Parkshantigram, Vaishno Devi Circle S. G. Highway Khodiyar, Ahmedabad, Gujarat, India – 382421
  • Industry
    Transport and Logistics, Aircraft & Component Manufacturing

To see the full contact details of Indiaone Air Private Limited, buy the company report.

Comprehensive company report
Indiaone Air Private 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

Business activity

The main business activity of Indiaone Air is transport and storage. In detail, this covers air transport.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
HTransport and storageH4Air transport

To see the full business activity and turnover split of Indiaone Air Private Limited, buy the company report.

Financials of Indiaone Air Private Limited

FY 2025 filings available

Indiaone Air Private Limited reported revenue of ₹28.85 Cr (up 246% YoY) for FY 2024.

Revenue · FY 2024
₹28.85 Cr ▲ 246%
Net loss · FY 2024
₹3.23 Cr margin -11.2%
EBITDA · FY 2024
-₹2.25 Cr margin -7.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 246%
5 years · compounded
▲ 437%
EBITDA CAGR growth
1 year
▲ 72%
5 years · compounded
▼ 1%

Revenue has grown at a compounded annual rate (CAGR) of 437% over five years, including 246% growth in the latest year. EBITDA rose 72% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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-₹2.25 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹3.23 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-7.8%
Net Profit Margin-11.2%
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 Indiaone Air Private Limited, buy the company report.

Board of directors of Indiaone Air Private Limited

Indiaone Air has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Himansu Jayantilal Shah
Also directs: HJS & SRS Ventures Ifsc Private Limited, Monit Exim LLP, JHH Infracon LLP and 5 more
Director30 Oct 20179 Years 0 MonthsCurrent
Shaishav Rakeshkumar Shah
Also directs: Vishwa Imports LLP, Raisin Hospitality LLP, Securemax Consultancy Services LLP and 5 more
Director20 Mar 20179 Years 7 MonthsCurrent
View all directors

Peer comparison

Indiaone Air Private Limited is compared with the 4 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Bajaj Aviation Private Limited₹32.93 Cr (FY 2025)5.0%Mumbai, Maharashtra, India
Super Quick Freight Private Limited₹29.77 Cr (FY 2025)65.0%New Delhi, Delhi, India
Indiaone Air Private Limitedthis company₹28.85 Cr (FY 2024)-₹3.23 Cr-11.2%246.0%136Ahmedabad, Gujarat, India
L&T Aviation Services Private Limited₹26.83 Cr (FY 2025)-2.0%Mumbai, Maharashtra, India
Sparzana Aviation Private Limited₹23.12 Cr (FY 2025)103.0%Chennai, Tamil Nadu, India

To see the full peer comparison of Indiaone Air Private Limited, buy the company report.

Auditor

Indiaone Air Private Limited is audited by UMANGI BHAVSAR & ASSOCIATES for the financial year 2022.

Auditor firmFinancial yearFirm registration number
UMANGI BHAVSAR & ASSOCIATESFY 2022155999W

Shareholding

The shareholding of Indiaone Air Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of Indiaone Air Private Limited, buy the company report.

Deals & funding

Indiaone Air Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in May 2019.

Total deals
2
Rights issue
1
Secondary share transfer
1

Deals on record (2 of 2)

WhenDealAmountParties
May 2019Rights issue₹9.9 CrInvestors: Bankim Shah, an individual
Jan 2018Secondary share transferUndisclosedBuyer: an individual
Seller: an individual

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Indiaone Air Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Indiaone Air Private Limited has a workforce of 136 employees on its EPFO records as of May 2026.

Employee count
136
Employee growth
-8.1%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-27136
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2019-20
FY 2018-19

To see the full employee and EPFO history of Indiaone Air Private Limited, buy the company report.

GST

No GST registration is on our record for Indiaone Air Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

Indiaone Air Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Himansu Jayantilal Shah ceased to be Additional Director on 29 Sep 2018.

AGM
Indiaone Air Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Indiaone Air Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Himansu Jayantilal Shah ceased to be Additional Director.
Ceased
Rakesh Shah Ramanlal ceased to be Director.
Ceased
Samir Mankad Hanskumar ceased to be Director.
Appointed
Himansu Jayantilal Shah was appointed as Director.
Appointed
Shaishav Rakeshkumar Shah was appointed as Director.
Incorporation
20 Mar 2017
Indiaone Air Private Limited was registered on 20 Mar 2017 with Roc Ahmedabad & aged 9 years 7 months as per MCA records.

News

Frequently asked questions

Indiaone Air is an active private limited company based in Ahmedabad, Gujarat, India. The company works in aircraft and component manufacturing, within the transport and logistics industry. It was incorporated on 20 March 2017 (9+ years old) and is registered under CIN U63000GJ2017PTC096387.

Indiaone Air has 2 current directors:

The latest financial statements of Indiaone Air on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.

The CIN (Corporate Identification Number) of Indiaone Air is U63000GJ2017PTC096387. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Indiaone Air has 6 court cases on record: 6 filed against it. Most are in the nclat.

Indiaone Air was incorporated on 20 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Indiaone Air has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in May 2019.

The peers of Indiaone Air by revenue are Bajaj Aviation Private Limited, Super Quick Freight Private Limited, L&T Aviation Services Private Limited, Sparzana Aviation Private Limited, all in the Aviation industry (Air Passenger Services), with the same principal business activity (air transport).

Himansu Jayantilal Shah ceased to be Additional Director on 29 Sep 2018. Rakesh Shah Ramanlal ceased to be Director on 16 Jul 2018. Samir Mankad Hanskumar ceased to be Director on 30 Jan 2018. Indiaone Air has 5 board changes on record in total.

Indiaone Air can be reached through the website indiaoneair.com. Its registered office is in Ahmedabad, Gujarat, India.

The registered office of Indiaone Air is at Ch 7 2nd Floor Inspire Business Parkshantigram, Vaishno Devi Circle S. G. Highway Khodiyar, Ahmedabad, Gujarat, India – 382421.