About Jet Lite (India) Limited
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Jet Lite (India) Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Jet Airways (India) Limited. It operates in the air transport services segment of the transport and logistics sector. It was incorporated on 20 September 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U62100MH1991PLC177728. Its GSTIN is 18AADCS4480L2ZW (Assam). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1,090 Cr and a paid-up capital of ₹796.12 Cr. It was formerly known as Sahara Airlines Limited and Sahara International Airlines Limited. It is led by directors including Barimar Ashok Kumar and Naresh Jagdishrai Goyal.
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 Siroya Centre Sahar Airport Road Andheri (East), Mumbai, Maharashtra, India – 400099.
As per the financials filed for FY 2018, the company reported a revenue of ₹1,318.03 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹321.02 Cr (net margin -24.4%) and EBITDA of ₹13.12 Cr (EBITDA margin 1%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.
The company has about 615 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Jetlite. As per MCA filings, the company has satisfied charges of ₹719.78 Cr on record. Court records list 227 cases involving the company, including 62 filed by the company and 165 filed against it; 25 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹520 Cr; the latest was in July 2008. Its 6 peer companies in the Aviation industry (Air Passenger Services), with the same principal business activity (air transport) are compared by revenue, 4 larger and 2 smaller; the largest is Spicejet Limited with revenue of ₹6,768.26 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website jetlite.com.
Company details
Name history
Jet Lite (India) has undergone 3 name changes throughout its history. The company was previously known as Sahara Airlines Limited, Sahara International Airlines Limited, and Sahara India Airlines Limited. The current legal name is Jet Lite (India) Limited.
| Company Name | Status |
|---|---|
| Jet Lite (India) Limited | Current |
| Sahara Airlines Limited | Previous |
| Sahara International Airlines Limited | Previous |
| Sahara India Airlines Limited | Previous |
CIN history
Jet Lite (India) has one previous CIN (Corporate Identification Number): U62100UP1991PLC013527. The current CIN is U62100MH1991PLC177728, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62100MH1991PLC177728 | Current |
| U62100UP1991PLC013527 | Previous |
Contact details
Jet Lite (India) Limited's registered office is in Mumbai, Maharashtra. Its website is jetlite.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressSiroya Centre Sahar Airport Road Andheri (East), Mumbai, Maharashtra, India – 400099
- IndustryTransport and Logistics, Air Transport Services
To see the full contact details of Jet Lite (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 Lite (India) operates one associated brand: jetlite. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of a lighting technology to reduce jet lag and enhance health | jetlite.com |
Business activity
The main business activity of Jet Lite (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 Lite (India) Limited, buy the company report.
Financials of Jet Lite (India) Limited
FY 2018 filings availableJet Lite (India) Limited reported revenue of ₹1,318.03 Cr (up 6% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 6% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 40% 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 | ₹1,318.03 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹13.12 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹321.02 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 | 1% | |||
| Net Profit Margin | -24.4% | |||
| 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 Lite (India) Limited, buy the company report.
Board of directors of Jet Lite (India) Limited
Jet Lite (India) has 5 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Barimar Ashok Kumar Also directs: Airjet Training Services Limited, Airjet Security and Allied Services Limited, Airjet Ground Services Limited and 1 more | Director | 08 Dec 2014 | 11 Years 10 Months | Current |
| Naresh Jagdishrai Goyal | Director | 28 Sep 2007 | 19 Years 0 Months | Current |
| Gaurang Ananda Shetty | Director | 20 May 2010 | 16 Years 5 Months | Current |
| Iftikhar Mustafahasan Kadri Also directs: Kadri Enterprises LLP, Kadri Consultants Private Limited | Director | 11 Jan 2016 | 10 Years 9 Months | Current |
| Archana Capoor Also directs: RSWM Limited, Bhilwara Technical Textiles Limited, S Chand and Company Limited and 5 more | Director | 22 Apr 2016 | 10 Years 6 Months | Current |
Peer comparison
Jet Lite (India) Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| 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 | |||
| Jet Lite (India) Limitedthis company | ₹1,318.03 Cr (FY 2018) | -₹321.02 Cr | -24.4% | 6.0% | 615 | Mumbai, Maharashtra, India |
| Turbo Megha Airways Private Limited | ₹368.38 Cr (FY 2020) | 37.0% | Hyderabad, Telangana, India | |||
| Just Udo Aviation Private Limited | ₹137.2 Cr (FY 2025) | 3596.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Jet Lite (India) Limited, buy the company report.
Auditor
Jet Lite (India) Limited is audited by CHATURVEDI & SHAH for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHATURVEDI & SHAH | FY 2018 | 101720W |
Shareholding
The shareholding of Jet Lite (India) Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Jet Lite (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jan 2008 | 10106420 | State Bank of India | ₹300 Cr | Satisfied | |
| 07 Feb 2007 | 10040112 | The Bank of Rajasthan Ltd. | ₹24 Cr | Satisfied | |
| 07 Oct 2006 | 10021778 | Centurion Bank of Punjab Ltd | ₹10 Cr | Satisfied | |
| 04 Sep 2006 | 10021791 | The Bank of Rajasthan Ltd. | ₹24 Cr | Satisfied | |
| 12 May 2006 | 80009658 | Centurion Bank of Punjab Ltd | ₹40 Cr | Satisfied |
To see the full charge records of Jet Lite (India) Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Jet Lite (India) Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹520 Cr; the latest was in July 2008.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2008 | Funding round | ₹180 Cr | Investors: Jet Airways (India) Limited |
| Apr 2007 | Secondary share transfer | Undisclosed | Buyer: Jet Airways (India) Limited & Saroj Kumar Datta, Jet Airways (India) Limited & Carl Saldanha, Jet Airways (India) Limited & Prasun Sengupta Seller: Sahara India Financial Corporation Limited, Sahara India Commercial Corporation Limited , 2 individuals |
| Mar 2006 | Funding round | ₹340 Cr | Investors: Sahara India Commercial Corporation Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Jet Lite (India) Limited has 227 court cases on record: 62 filed by Jet Lite (India), 165 filed against it. 25 cases are pending and 202 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 138 | 102 | 18 |
| District courts | 44 | 28 | 3 |
| Supreme Court | 41 | 31 | 0 |
| NCLAT | 3 | 3 | 3 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 227)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Revision petition | Filed against the company by M/S Prakash Industries Ltd and Anr | Disposed |
| District court, New Delhi, Delhi | Appeal | Filed against the company by Prakash Industries Ltd and Anr | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by Sahara India Financial Corporation Limited Authorised Represetative B.M. Tripathi Sahara India Bhavan.1. Kapoorthala Complex , District: Kapoorthala Complex ,Lucknow , Uttar Pradesh and 6 others | Disposed |
| District court, Central, Delhi | Interim or miscellaneous application | Filed against the company by Air India Ltd. | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against Sahara India Financial Corporation Limited General Manager Sahara India Bhavan.1. Kapoorthala Complex , District: Lucknow ,Lucknow , Uttar Pradesh and 6 others | Disposed |
To see the full case history of Jet Lite (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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Jet Lite (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Jet Lite (India) Limited has a workforce of 615 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Jet Lite (India) has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 18AADCS4480L2ZW | Assam | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jet Lite (India) Limited, buy the company report.
Recent activity
Jet Lite (India) Limited has 22 board changes on record since 2007: 5 appointments and 17 cessations. The latest: Naresh Jagdishrai Goyal ceased to be Director on 30 Jul 2019.
60 earlier events are in the company report.
Frequently asked questions
Jet Lite (India) is an active 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 20 September 1991 (35+ years old) and is registered under CIN U62100MH1991PLC177728.
Jet Lite (India) has 5 current directors:
- Barimar Ashok Kumar - Director
- Naresh Jagdishrai Goyal - Director
- Gaurang Ananda Shetty - Director
- Iftikhar Mustafahasan Kadri - Director
- Archana Capoor - Director
The latest financial statements of Jet Lite (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 GSTIN of Jet Lite (India) is 18AADCS4480L2ZW, registered in Assam. The company has 10 GST registrations in all, of which 1 is active and 9 are cancelled or inactive.
The CIN (Corporate Identification Number) of Jet Lite (India) is U62100MH1991PLC177728. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jet Lite (India) has 227 court cases on record: 62 filed by the company and 165 filed against it. 25 are pending. Most are in the high courts.
Jet Lite (India) was incorporated on 20 September 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Jet Lite (India) has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹520 Cr; the latest was in July 2008.
The peers of Jet Lite (India) by revenue are Spicejet Limited, Aix Connect Private Limited, SNV Aviation Private Limited, Go Airlines (India) Limited, Turbo Megha Airways Private Limited and 1 more, all in the Aviation industry (Air Passenger Services), with the same principal business activity (air transport).
Naresh Jagdishrai Goyal ceased to be Director on 30 Jul 2019. Iftikhar Mustafahasan Kadri ceased to be Director on 20 May 2019. Archana Capoor ceased to be Director on 15 May 2019. Jet Lite (India) has 22 board changes on record in total.
Jet Lite (India) can be reached through the website jetlite.com. Its registered office is in Mumbai, Maharashtra, India.