About Jagson Airlines Limited
Data last updated:
Jagson Airlines Limited is a public limited company based in Shimla, Himachal Pradesh, India, a subsidiary of Jagson International Limited. It operates in the air transport services segment of the transport and logistics sector. It was incorporated on 03 January 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN L63040HP1994PLC019011. The company has 1 GST registration on record, which is no longer active. It is recorded as listed by MCA, but its shares were delisted from BSE on 10 Jan 2024 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹20.17 Cr. It is led by directors including Jagdish Pershad Gupta (Managing Director) and Ravinder Hora Kaur.
Its last annual general meeting (AGM) was held on 27 December 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 18B Sda Complexkasumpti Shimla, Himachal Pradesh, India – 171009.
As per the financials filed for FY 2019, the company reported a revenue of ₹25,298, a growth of 15% compared to the previous year. For the same year it recorded a net loss of ₹46.49 Lakh and EBITDA of -₹44.85 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 61% over three years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹298.7 Cr and satisfied charges of ₹303.92 Cr on record. Court records list 46 cases involving the company, including 17 filed by the company and 29 filed against it; 8 cases are pending. The company has 19 deals on record (19 market trades); the latest was in April 2011.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jagsonairlines.in.
Company details
CIN history
Jagson Airlines has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L63040HP1994PLC019011, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L63040HP1994PLC019011 | Current |
| L63040HP1996PLC019011 | Previous |
| U63040HP1994PLC019011 | Previous |
Contact details
Jagson Airlines Limited's registered office is in Shimla, Himachal Pradesh. Its website is jagsonairlines.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address18B Sda Complexkasumpti Shimla, Himachal Pradesh, India – 171009
- IndustryTransport and Logistics, Air Transport Services
To see the full contact details of Jagson Airlines 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 Jagson Airlines 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 Jagson Airlines Limited, buy the company report.
Financials of Jagson Airlines Limited
FY 2019 filings availableJagson Airlines Limited reported revenue of ₹25,298 (up 15% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 15% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 61%. EBITDA rose 38% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹25,298 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹44.85 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹46.49 Lakh | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Jagson Airlines Limited, buy the company report.
Board of directors of Jagson Airlines Limited
Jagson Airlines has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagdish Pershad Gupta | Managing Director | 03 Jan 1994 | 32 Years 9 Months | Current |
| Ravinder Hora Kaur Also directs: Gagar Holdings Limited, Gaurav Portfolio Private Limited | Director | 03 Jan 1994 | 32 Years 9 Months | Current |
| Sardar Mudgal Singh | Additional Director | 29 Mar 2021 | 5 Years 6 Months | Current |
| Bhuvi Kant Also directs: Gagar Holdings Limited | Director | 30 Jan 2001 | 25 Years 8 Months | Current |
Auditor
Jagson Airlines Limited is audited by MADAN JHA & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MADAN JHA & ASSOCIATES | FY 2019 | 016288N |
Shareholding
The shareholding of Jagson Airlines Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Jagson Airlines Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2019 | 100245990 | State Bank of India | ₹89.5 Cr | Open | |
| 19 Apr 2010 | 10221925 | State Bank of India | ₹209.2 Cr | Open | |
| 26 Feb 2010 | 10203567 | Icici Bank Limited | ₹280 Cr | Satisfied | |
| 28 Feb 2007 | 10041846 | Icici Bank Limited | ₹6.6 Lakh | Satisfied | |
| 17 Oct 2005 | 80045921 | State Bank of India | ₹23.5 Cr | Satisfied |
To see the full charge records of Jagson Airlines Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Jagson Airlines Limited has 19 deals on record (19 market trades); the latest was in April 2011.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2010 | Market trade | ₹6.39 Cr | Buyer: JMP Securities Private Limited , NBN Fintrade Private Limited , 2 individuals Seller: JMP Securities Private Limited , NBN Fintrade Private Limited , 2 individuals |
| Aug 2010 | Market trade | ₹11.4 Lakh | Buyer: Camphar Securities and Advisory Private Limited |
| Jan 2008 | Market trade | ₹26.7 Lakh | Buyer: an individual Seller: JMP Securities Private Limited |
| Dec 2007 | Market trade | ₹1.03 Cr | Buyer: Setu Sec Pvt Ltd, Asmah Shares & Stock Brokers Private Limited , BP Comtrade Private Limited Seller: Setu Sec Pvt Ltd, Asmah Shares & Stock Brokers Private Limited |
| Nov 2006 | Market trade | ₹41.2 Lakh | Buyer: JMP Securities Private Limited Seller: JMP Securities Private Limited |
To see the full deal history of Jagson Airlines 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
Jagson Airlines Limited has 46 court cases on record: 17 filed by Jagson Airlines, 29 filed against it. 8 cases are pending and 38 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 27 | 18 | 2 |
| District courts | 14 | 10 | 6 |
| Supreme Court | 5 | 1 | 0 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (COAPP) | Filed against the company by Delhi International Airport Ltd(Not Applicable) | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Ut Project Services Pvt. Ltd. | Disposed |
| High Court, HIMACHAL PRADESH | Court case (CO.P) | Filed against the company by Delhi International Airport Limited(Not Applicable) | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against Bannari Amman Exports (P) Ltd. . | Disposed |
| High Court of Delhi | Court case (FAO(OS)) | Filed by the company against M/S Bannari Amman Exports P.Ltd.&Anr. | Disposed |
To see the full case history of Jagson Airlines 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 Jagson Airlines Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Jagson Airlines Limited has a workforce of 1 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Jagson Airlines has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Jagson Airlines Limited, buy the company report.
Recent activity
Jagson Airlines Limited has 28 board changes on record since 1994: 14 appointments and 14 cessations. The latest: Jagdish Pershad Gupta ceased to be Managing Director on 31 Mar 2021.
31 earlier events are in the company report.
Frequently asked questions
Jagson Airlines is an active public limited company based in Shimla, Himachal Pradesh, India. The company works in air transport services, within the transport and logistics industry. It was incorporated on 03 January 1994 (32+ years old) and is registered under CIN L63040HP1994PLC019011.
Jagson Airlines has 4 current directors:
- Jagdish Pershad Gupta - Managing Director
- Ravinder Hora Kaur - Director
- Sardar Mudgal Singh - Additional Director
- Bhuvi Kant - Director
The latest financial statements of Jagson Airlines on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 27 December 2019. Year-wise statements from 2015 are in the company report.
No. Jagson Airlines has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Jagson Airlines is L63040HP1994PLC019011. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jagson Airlines is recorded as a listed company by MCA, but its shares were delisted from BSE on 10 Jan 2024 · compulsory delisting, and no longer trade on a stock exchange.
Jagson Airlines has 46 court cases on record: 17 filed by the company and 29 filed against it. 8 are pending. Most are in the high courts.
Jagson Airlines was incorporated on 03 January 1994, making it 32+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
Jagson Airlines has 19 deals on record (19 market trades); the latest was in April 2011.
Jagdish Pershad Gupta ceased to be Managing Director on 31 Mar 2021. Sardar Mudgal Singh ceased to be Additional Director on 30 Mar 2021. Chanchal Yadav ceased to be Director on 29 Mar 2021. Jagson Airlines has 28 board changes on record in total.