MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-22-0003996
Jay Air Systems Private Limited - consumer electronics & durables in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹53.02 Cr
▼ 13% YoY
Net profit · FY 2025
₹40.91 Lakh
Net margin 0.8%
EBITDA · FY 2025
₹1.52 Cr
EBITDA margin 2.9%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹10.37 Cr
Secured borrowings
Company age
19 yrs
Est. 2007
Employees · EPFO
113
Provident fund records
About Jay Air Systems Private Limited
Data last updated:
Jay Air Systems Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 24 October 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29306GJ2007PTC052033. Its GSTIN is 24AABCJ9009N1ZC (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Prit Umesh Swami and Umeshkumar Hiralal Swami.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at D/1 – 2 Rotliwala Compound Udhna Bamroli Road, Surat, Gujarat, India – 394210.
As per the financials filed for FY 2025, the company reported a revenue of ₹53.02 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹40.91 Lakh (net margin 0.8%) and EBITDA of ₹1.52 Cr (EBITDA margin 2.9%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 12% over five years.
The company has about 113 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Jayair. As per MCA filings, the company has open charges of ₹10.37 Cr on record. Court records list 7 cases involving the company, including 7 filed against it; 3 cases are pending.
Jay Air Systems Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0003996). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jayair.net.
Company details
CIN U29306GJ2007PTC052033
Registration Number 052033
Incorporation Date 24 October 2007
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0003996
Recognitions & Rankings of Jay Air Systems
Contact details
Jay Air Systems Private Limited's registered office is in Surat, Gujarat. Its website is jayair.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressD/1 – 2 Rotliwala Compound Udhna Bamroli Road, Surat, Gujarat, India – 394210
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Jay Air Systems Private Limited, buy the company report.
Comprehensive company report
Jay Air Systems 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
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Secure checkout · GST invoice included
Brands
Jay Air Systems operates one associated brand: Jayair. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Air conditioning and refrigeration products are provided by Jayair as a dealer in India. | jayair.net |
Business activity
The main business activity of Jay Air Systems is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Jay Air Systems Private Limited, buy the company report.
Financials of Jay Air Systems Private Limited
FY 2024 filings availableJay Air Systems Private Limited reported revenue of ₹53.02 Cr (down 13% YoY) for FY 2025.
Revenue · FY 2025
₹53.02 Cr ▼ 13%
Net profit · FY 2025
₹40.91 Lakh margin 0.8%
EBITDA · FY 2025
₹1.52 Cr margin 2.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 15%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▼ 24%
3 years · compounded
▼ 2%
5 years · compounded
▼ 3%
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 24% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹1.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹40.91 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | ||||
| Net Profit Margin | 0.8% | ||||
| 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 Jay Air Systems Private Limited, buy the company report.
Board of directors of Jay Air Systems Private Limited
Jay Air Systems has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prit Umesh Swami Also directs: Trinito Securance LLP | Director | 24 Oct 2007 | 19 Years 0 Months | Current |
| Umeshkumar Hiralal Swami Also directs: Swami Riddhsiddh LLP, Trinito Securance LLP | Director | 24 Oct 2007 | 19 Years 0 Months | Current |
| Palak Sagar Swami | Director | 13 Feb 2021 | 5 Years 9 Months | Current |
| Parul Umeshbhai Swami Also directs: Swami Riddhsiddh LLP | Director | 24 Oct 2007 | 19 Years 0 Months | Current |
| Sagar Umesh Swami | Director | 10 Oct 2009 | 17 Years 1 Months | Current |
| Pooja Prit Swami | Director | 10 Oct 2009 | 17 Years 1 Months | Current |
Auditor
Jay Air Systems Private Limited is audited by DSI & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DSI & CO. | FY 2024 | 122726W |
Shareholding
The shareholding of Jay Air Systems Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Jay Air Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10.37 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jan 2025 | 101048569 | Others | ₹2.3 Cr | Open | |
| 28 Oct 2023 | 100814186 | Others | ₹2 Cr | Open | |
| 26 Jun 2020 | 100397461 | Others | ₹2 Cr | Open | |
| 30 Nov 2015 | 10619517 | Icici Bank Limited | ₹1.32 Cr | Open | |
| 29 Sep 2015 | 10610029 | Icici Bank Limited | ₹1.04 Cr | Open |
Total charge records: 9 View all charges
Legal cases
Jay Air Systems Private Limited has 7 court cases on record: 7 filed against it. 3 cases are pending and 4 are disposed.
Total cases
7
Filed against the company
7
Pending
3
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 3 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by Ilmuddin Ismail Saiyed Prop of Comfort Zone Systems | Pending |
| District court, SURAT, Gujarat | Court case (SMCST) | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| District court, SURAT, Gujarat | Court case (DST LC) | Filed against the company by an individual | Disposed |
To see the full case history of Jay Air Systems 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
Jay Air Systems Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2020, listing 18 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Jay Air Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Jay Air Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCJ9009N1ZC | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jay Air Systems Private Limited, buy the company report.
Recent activity
Jay Air Systems Private Limited has 7 board changes on record since 2007: 6 appointments and 1 cessation. The latest: Palak Sagar Swami ceased to be Additional Director on 30 Nov 2021.
Charges
A charge with Others amounted to Rs. 230.00 Lakh with Charge ID 101048569 was registered on 16 Jan 2025.
AGM
Jay Air Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Jay Air Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 100814186 was registered on 28 Oct 2023.
Ceased
Palak Sagar Swami ceased to be Additional Director.
Appointed
Palak Sagar Swami was appointed as Director.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 100397461 was registered on 26 Jun 2020.
Charges
A charge with Icici Bank Limited amounted to Rs. 132.45 Lakh with Charge ID 10619517 was registered on 30 Nov 2015.
Charges
A charge with Icici Bank Limited amounted to Rs. 103.73 Lakh with Charge ID 10610029 was registered on 29 Sep 2015.
Charges
A charge with Icici Bank Limited amounted to Rs. 11.00 Lakh with Charge ID 10610028 was registered on 05 May 2015.
Charges
A charge with Axis Bank Limited amounted to Rs. 5.30 Lakh with Charge ID 10576829 was registered on 02 Apr 2015.
Charges
A charge with Axis Bank Limited amounted to Rs. 4.47 Lakh with Charge ID 10467081 was registered on 16 Dec 2013.
7 earlier events are in the company report.
Frequently asked questions
Jay Air Systems is an active private limited company based in Surat, Gujarat, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 24 October 2007 (19+ years old) and is registered under CIN U29306GJ2007PTC052033.
Jay Air Systems has 6 current directors:
- Prit Umesh Swami - Director
- Umeshkumar Hiralal Swami - Director
- Palak Sagar Swami - Director
- Parul Umeshbhai Swami - Director
- Sagar Umesh Swami - Director
- Pooja Prit Swami - Director
The latest financial statements of Jay Air Systems on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Jay Air Systems is 24AABCJ9009N1ZC, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Jay Air Systems is U29306GJ2007PTC052033. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jay Air Systems has 7 court cases on record: 7 filed against it. 3 are pending.
Jay Air Systems was incorporated on 24 October 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Palak Sagar Swami ceased to be Additional Director on 30 Nov 2021. Palak Sagar Swami was appointed as Director on 13 Feb 2021. Pooja Prit Swami was appointed as Director on 10 Oct 2009. Jay Air Systems has 7 board changes on record in total.
Yes, Jay Air Systems is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0003996).
Jay Air Systems has 2 MSME Form 1 returns on record for the period ending Sep 2020, listing 18 overdue payments to 1 micro and small supplier. The latest return was filed on 27 Oct 2020.
Jay Air Systems can be reached through the website jayair.net. Its registered office is in Surat, Gujarat, India.
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