About Jac Air Service Pvt Ltd
Data last updated:
Jac Air Service Pvt Ltd was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 17 September 1986.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U63040MH1986PTC040926. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹15.18 Lakh. It was led by directors including Raj Lalit Jobanputra and Rita Lalit Jobanputra.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Vaibhav Apartments Ground Floor Sahar Pipe Line Road Sahar Mumbai 400, 099, Maharashtra, India – 400099.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.37 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net loss of ₹4.65 Cr (net margin -63.1%) and EBITDA of -₹4.61 Cr (EBITDA margin -62.6%). Revenue has declined at a compounded annual rate (CAGR) of 48% over three years and 24% over five years.
The company had about 16 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹128.02 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
The last known website on record is jacairservices.com.
Company details
Contact details
Jac Air Service Pvt Ltd's registered office is in Mumbai, Maharashtra. Its website is jacairservices.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressVaibhav Apartments Ground Floor Sahar Pipe Line Road Sahar Mumbai 400, 099, Maharashtra, India – 400099
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Jac Air Service Pvt Ltd, 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 Jac Air Service is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Jac Air Service Pvt Ltd, buy the company report.
Financials of Jac Air Service Pvt Ltd
FY 2023 filings availableJac Air Service Pvt Ltd reported revenue of ₹7.37 Cr (down 11% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 11% fall in the latest year. EBITDA fell 319% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹7.37 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.61 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.65 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -62.6% | ||||
| Net Profit Margin | -63.1% | ||||
| 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 Jac Air Service Pvt Ltd, buy the company report.
Board of directors of Jac Air Service Pvt Ltd
Jac Air Service has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Lalit Jobanputra Also directs: LRK Projects LLP, JWC Logistics Park Private Limited, JWL Cold Store Private Limited and 5 more | Director | 09 Jul 2011 | 15 Years 3 Months | As last reported |
| Rita Lalit Jobanputra Also directs: JWC Logistics Park Private Limited, JWL Cold Store Private Limited, JWR Logistics Private Limited and 2 more | Director | 17 Sep 1986 | 40 Years 1 Months | As last reported |
| Lalit Chhabildas Jobanputra Also directs: LRK Projects LLP, JWC Logistics Park Private Limited, JWL Cold Store Private Limited and 3 more | Director | 29 Mar 2022 | 4 Years 7 Months | As last reported |
Peer comparison
Jac Air Service Pvt Ltd is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Oceanking Logistics Private Limited | ₹7.38 Cr (FY 2025) | 14.0% | Ahmedabad, Gujarat, India | |||
| Jac Air Service Pvt Ltdthis company | ₹7.37 Cr (FY 2023) | -₹4.65 Cr | -63.1% | -11.0% | 16 | Mumbai, Maharashtra, India |
| Gekom Logistics Private Limited | ₹7.34 Cr (FY 2025) | -68.0% | Mumbai, Maharashtra, India | |||
| Apshan Logistics Private Limited | ₹7.34 Cr (FY 2024) | 43.0% | New Delhi, Delhi, India |
To see the full peer comparison of Jac Air Service Pvt Ltd, buy the company report.
Auditor
Jac Air Service Pvt Ltd is audited by Marlecha & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Marlecha & Company | FY 2023 | 46798 |
Shareholding
The shareholding of Jac Air Service Pvt Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Jac Air Service Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Aug 2018 | 100206687 | Others | ₹82 Cr | Satisfied | |
| 27 Mar 2018 | 100169701 | Others | ₹30 Cr | Satisfied | |
| 30 Mar 2016 | 100027417 | Others | ₹4.25 Cr | Satisfied | |
| 16 Jan 2016 | 10620068 | Dcb Bank Limited | ₹26.52 Lakh | Satisfied | |
| 11 Aug 2015 | 10589194 | Dcb Bank Limited | ₹1.66 Cr | Satisfied |
To see the full charge records of Jac Air Service Pvt Ltd, buy the company report.
Total charge records: 24 View all charges
Legal cases
Jac Air Service Pvt Ltd has 3 court cases on record: 1 filed by Jac Air Service, 2 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Raigad, Maharashtra | Commercial suit | Filed against the company by JWC Logistic Park Pvt.Ltd. Through Lalit Chabildas Jobanputra | Pending |
| High Court, GUJARAT | Court case (CR.MA) | Filed against the company by Ravi Ramaswamy of M/S. Cathay Pacific Airways Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Jac Air Service Pvt Ltd, 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 Jac Air Service Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Jac Air Service has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Jac Air Service Pvt Ltd has a workforce of 16 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
GST
Jac Air Service has 3 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 Jac Air Service Pvt Ltd, buy the company report.
Recent activity
Jac Air Service Pvt Ltd has 6 board changes on record since 1986: 3 appointments and 3 cessations. The latest: Lalit Chhabildas Jobanputra was appointed as Director on 29 Mar 2022.
51 earlier events are in the company report.
Frequently asked questions
Jac Air Service has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Jac Air Service was a private limited company based in Mumbai, Maharashtra, India. The company worked in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 17 September 1986 and is registered under CIN U63040MH1986PTC040926. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Jac Air Service was incorporated on 17 September 1986. It is registered with the Registrar of Companies, Mumbai.
Jac Air Service had 3 directors:
- Raj Lalit Jobanputra - Director
- Rita Lalit Jobanputra - Director
- Lalit Chhabildas Jobanputra - Director
The CIN (Corporate Identification Number) of Jac Air Service is U63040MH1986PTC040926. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Jac Air Service is at Vaibhav Apartments Ground Floor Sahar Pipe Line Road Sahar Mumbai 400, 099, Maharashtra, India – 400099.
Jac Air Service can be reached through the website jacairservices.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Jac Air Service on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Jac Air Service has 3 GST registrations on record and all of them are cancelled or inactive.
Jac Air Service operated in the transport and logistics industry, in the integrated and diversified logistics services segment.
The peers of Jac Air Service by revenue are Oceanking Logistics Private Limited, Gekom Logistics Private Limited, Apshan Logistics Private Limited, all in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation).
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