About Jet Airways (India) Limited
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Jet Airways (India) Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the air transport services segment of the transport and logistics sector. It was incorporated on 01 April 1992.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1992PLC066213. Its GSTIN is 27AAACJ0920H1ZY (Maharashtra). The company holds 10 GST registrations, of which 6 are active. It is recorded as listed by MCA, but trading in its shares on BSE (532617) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹2,200 Cr and a paid-up capital of ₹113.6 Cr. It was formerly known as Jet Airways (India) Private Limited. It is led by director Sundaram Ramesh.
Its last annual general meeting (AGM) was held on 09 August 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹23,958 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹636.45 Cr (net margin -2.7%) and EBITDA of ₹745.14 Cr (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years.
The company has about 95 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
The company is associated with 1 brand: Jet Airways. As per MCA filings, the company has open charges of ₹18,875 Cr and satisfied charges of ₹18,902 Cr on record. Court records list 629 cases involving the company, including 205 filed by the company and 433 filed against it; 112 cases are pending. The company has 31 deals on record (29 market trades, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹2,057.67 Cr; the latest was in June 2019. Its 4 peer companies in the Aviation industry (Air Passenger Services), with the same principal business activity (air transport) are compared by revenue, 4 smaller; the largest is Spicejet Limited with revenue of ₹6,768.26 Cr.
The last known website on record is jetairways.com.
Company details
Contact details
Jet Airways (India) Limited's registered office is in Mumbai, Maharashtra. Its website is jetairways.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressCommercial Building 2nd Floor Plot No. C – 68, G – Block Bandra Kurla Complex (East) Mumba, Mumbai, Maharashtra, India – 400051
- IndustryTransport and Logistics, Air Transport Services
To see the full contact details of Jet Airways (India) 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
Brands
Jet Airways (India) operates one associated brand: Jet Airways. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of flight operations, engineering, inflight, corporate, and ground services | jetairways.com |
Business activity
The main business activity of Jet Airways (India) 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 Jet Airways (India) Limited, buy the company report.
Financials of Jet Airways (India) Limited
FY 2018 filings availableJet Airways (India) Limited reported revenue of ₹23,958 Cr (up 4% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over three years, including 4% growth in the latest year. EBITDA fell 75% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹23,958 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹745.14 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹636.45 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 3.1% | |||
| Net Profit Margin | -2.7% | |||
| 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 Jet Airways (India) Limited, buy the company report.
Board of directors and KMP of Jet Airways (India) Limited
Jet Airways (India) Limited currently reports 1 director and 1 key managerial person. 40 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Uzma Also directs: Evolved Transportation System Private Limited | Company Secretary | 12 Feb 2025 | 1 Years 8 Months | As last reported |
| Sundaram Ramesh | Director | 20 Jul 2023 | 3 Years 3 Months | As last reported |
Peer comparison
Jet Airways (India) 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jet Airways (India) Limitedthis company | ₹23,958 Cr (FY 2018) | -₹636.45 Cr | -2.7% | 4.0% | 95 | Mumbai, Maharashtra, India |
| Spicejet Limited | ₹6,768.26 Cr (FY 2025) | -21.0% | New Delhi, Delhi, India | |||
| Aix Connect Private Limited | ₹5,476.4 Cr (FY 2024) | 26.0% | Gurugram, Haryana, India | |||
| SNV Aviation Private Limited | ₹4,635.68 Cr (FY 2025) | 47.0% | Mumbai, Maharashtra, India | |||
| Go Airlines (India) Limited | ₹4,351.68 Cr (FY 2022) | 87.0% | Delhi, India |
To see the full peer comparison of Jet Airways (India) Limited, buy the company report.
Auditor
Jet Airways (India) Limited is audited by B S R & Co. LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2018 | 101248W/W100022 |
Shareholding
The shareholding of Jet Airways (India) 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 Jet Airways (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Apr 2019 | 100509143 | Sbicap Trustee Company Limited | ₹294 Cr | Open | |
| 31 Jan 2019 | 100240932 | State Bank of India | ₹225 Cr | Open | |
| 22 Dec 2017 | 100146834 | Others | ₹1,050 Cr | Open | |
| 21 Sep 2017 | 100128138 | Others | ₹400 Cr | Open | |
| 23 Sep 2016 | 100054066 | Others | ₹1,000 Cr | Open |
To see the full charge records of Jet Airways (India) Limited, buy the company report.
Total charge records: 84 View all charges
Deals & funding
Jet Airways (India) Limited has 31 deals on record (29 market trades, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹2,057.67 Cr; the latest was in June 2019.
Deals on record (5 of 31)
To see the full deal history of Jet Airways (India) 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
Jet Airways (India) Limited has 629 court cases on record: 205 filed by Jet Airways (India), 433 filed against it. 112 cases are pending and 517 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 399 | 249 | 55 |
| District courts | 103 | 74 | 13 |
| NCLAT | 72 | 71 | 29 |
| Supreme Court | 53 | 38 | 15 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 629)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1101-Compensation : Motor vehicle accident compensation) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (2401-Indirect Taxation : Customs Act, Customs Tariff Act, Export, Import and Anti-Dumping duty) | Filed against the company by Commissioner of Customs (Import) | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Mumbai International Airport Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Mumbai International Airport Limited | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company by Able Aviation India Pvt.Ltd | Pending |
To see the full case history of Jet Airways (India) 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.
Credit ratings & regulatory alerts
Jet Airways (India) Limited was last rated by Icra on 29 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Mar 2021 |
To see the full credit ratings and regulatory alerts of Jet Airways (India) Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Jet Airways (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Jet Airways (India) has 5 subsidiary companies and 1 associated company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Jet Lite (India) Limited | U62100MH1991PLC177728 | |
| Airjet Training Services Limited | U63000MH2017PLC295078 | |
| Airjet Security and Allied Services Limited | U63000MH2017PLC295126 | |
| Airjet Ground Services Limited | U63030MH2017PLC292323 | |
| Airjet Engineering Services Limited | U63030MH2017PLC295055 |
To see the full group structure of Jet Airways (India) Limited, buy the company report.
Employees & EPFO
Jet Airways (India) Limited has a workforce of 95 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Jet Airways (India) has 10 GST registrations: 6 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACJ0920H1ZY | Maharashtra | Active | 01 Jul 2017 |
| 09AAACJ0920H1ZW | Uttar Pradesh | Active | 01 Jul 2017 |
| 10AAACJ0920H1ZD | Bihar | Active | 01 Jul 2017 |
| 23AAACJ0920H1Z6 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jet Airways (India) Limited, buy the company report.
Recent activity
Jet Airways (India) Limited has 80 board changes on record since 1992: 41 appointments and 39 cessations. The latest: Uzma was appointed as Company Secretary on 12 Feb 2025.
241 earlier events are in the company report.
News
Frequently asked questions
Jet Airways (India) is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Jet Airways (India) is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in air transport services, within the transport and logistics industry. It was incorporated on 01 April 1992 and is registered under CIN L99999MH1992PLC066213. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Jet Airways (India) has 2 current directors and KMP:
- Sundaram Ramesh - Director
- Uzma - Company Secretary
The latest financial statements of Jet Airways (India) on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 09 August 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Jet Airways (India) is L99999MH1992PLC066213. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jet Airways (India) is recorded as a listed company by MCA, but trading in its shares on BSE (532617) has been suspended, so they do not currently trade on a stock exchange.
Jet Airways (India) has open charges of ₹18,875 Cr and satisfied charges of ₹18,902 Cr as per latest MCA filings.
Jet Airways (India) has 629 court cases on record: 205 filed by the company and 433 filed against it. 112 are pending. Most are in the high courts.
Jet Airways (India) was incorporated on 01 April 1992. It is registered with the Registrar of Companies, Mumbai.
Jet Airways (India) has 31 deals on record (29 market trades, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹2,057.67 Cr; the latest was in June 2019.
The peers of Jet Airways (India) by revenue are Spicejet Limited, Aix Connect Private Limited, SNV Aviation Private Limited, Go Airlines (India) Limited, all in the Aviation industry (Air Passenger Services), with the same principal business activity (air transport).
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