About Ligare Aviation Limited
Data last updated:
Ligare Aviation Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Rhc Finance Private Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the air charter and private aviation segment of the transport and logistics sector. It was incorporated on 23 September 1996.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U63040DL1996PLC166014. Its GSTIN is 07AAACV3934B1ZO (Delhi). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹306 Cr and a paid-up capital of ₹305.53 Cr. It was formerly known as Religare Aviation Limited. and Vidyut Travel Services Limited. It is led by directors including Shrestha Dev Burman (Whole-Time Director) and Gautam Singhal (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 25 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at G – 16 Marina Arcade Connaught Circus, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2021, the company reported a revenue of ₹11.55 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net loss of ₹11.27 Cr (net margin -97.6%) and EBITDA of -₹3.51 Cr (EBITDA margin -30.4%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 21% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹450 Cr and satisfied charges of ₹909.64 Cr on record. Court records list 46 cases involving the company, including 23 filed by the company and 23 filed against it; 7 cases are pending. The company has 21 deals on record (10 rights issues, 7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹247.48 Cr; the latest was in March 2018. Its 5 peer companies in the Aviation industry (Charter Services), with the same principal business activity (air transport) are compared by revenue, 2 larger and 3 smaller; the largest is Jyoti Infrastructure Private Limited with revenue of ₹14.13 Cr.
The last known website on record is ligarevoyages.com.
Company details
Name history
Ligare Aviation has undergone 3 name changes throughout its history. The company was previously known as Religare Aviation Limited., Vidyut Travel Services Limited, and Ran Air Services Limited. The current legal name is Ligare Aviation Limited.
| Company Name | Status |
|---|---|
| Ligare Aviation Limited | Current |
| Religare Aviation Limited. | Previous |
| Vidyut Travel Services Limited | Previous |
| Ran Air Services Limited | Previous |
CIN history
Ligare Aviation has one previous CIN (Corporate Identification Number): L63040DL1996PLC166014. The current CIN is U63040DL1996PLC166014, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63040DL1996PLC166014 | Current |
| L63040DL1996PLC166014 | Previous |
Contact details
Ligare Aviation Limited's registered office is in New Delhi, Delhi. Its website is ligarevoyages.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressG – 16 Marina Arcade Connaught Circus, New Delhi, Delhi, India – 110001
- IndustryTransport and Logistics, Air Charter & Private Aviation
To see the full contact details of Ligare Aviation 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 Ligare Aviation 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 Ligare Aviation Limited, buy the company report.
Financials of Ligare Aviation Limited
FY 2021 filings availableLigare Aviation Limited reported revenue of ₹11.55 Cr (up 17% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 17% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 21%. EBITDA rose 31% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹3.51 Cr | ||||
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| Net Profit (PAT) | -₹11.27 Cr | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -30.4% | ||||
| Net Profit Margin | -97.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ligare Aviation Limited, buy the company report.
Board of directors and KMP of Ligare Aviation Limited
Ligare Aviation Limited currently reports 6 directors and 2 key managerial personnel. 35 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gautam Singhal Also directs: Asterisms Legal LLP | Irp/Rp/Liquidator | 12 Sep 2023 | 3 Years 1 Months | As last reported |
| Gopinath Mohan Gopakumar | Director | 26 Mar 2019 | 7 Years 7 Months | As last reported |
| Deepak Kumar Jena Also directs: Homeshree Housing Finance Limited | Company Secretary | 01 Aug 2016 | 10 Years 3 Months | As last reported |
| Rahul Kwatra Also directs: Ligare Aviation Engineering Private Limited | Director | 01 Oct 2019 | 7 Years 1 Months | As last reported |
| Shrestha Dev Burman | Whole-Time Director | 26 Mar 2019 | 7 Years 7 Months | As last reported |
| Shivangi Singh Also directs: Mands Associates LLP, Pink Cherry Food and Hospitality Private Limited, Mands Management Private Limited and 2 more | Director | 11 Aug 2021 | 5 Years 2 Months | As last reported |
Peer comparison
Ligare Aviation Limited is compared with the 5 companies closest to it by revenue in the Aviation industry (Charter 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 |
|---|---|---|---|---|---|---|
| Jyoti Infrastructure Private Limited | ₹14.13 Cr (FY 2024) | -24.0% | Bhubaneswar, Odisha, India | |||
| Plexus Aviation Services Private Limited | ₹13.65 Cr (FY 2024) | -11.0% | Mumbai, Maharashtra, India | |||
| Ligare Aviation Limitedthis company | ₹11.55 Cr (FY 2021) | -₹11.27 Cr | -97.6% | 17.0% | 18 | New Delhi, Delhi, India |
| Hyderabad Airlines Private Limited | ₹11.35 Cr (FY 2025) | 115.0% | Hyderabad, Telangana, India | |||
| Foresee Aviation Private Limited | ₹10.37 Cr (FY 2025) | -11.0% | New Delhi, Delhi, India | |||
| Oss Aviation Private Limited | ₹9.84 Cr (FY 2018) | 605.0% | Madhya Pradesh, India |
To see the full peer comparison of Ligare Aviation Limited, buy the company report.
Auditor
Ligare Aviation Limited is audited by VIKAS ARORA & COMPANY for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIKAS ARORA & COMPANY | FY 2020 | 029296N |
Shareholding
The shareholding of Ligare Aviation Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ligare Aviation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Oct 2017 | 100130458 | Axis Bank Limited | ₹240 Cr | Open | |
| 16 Oct 2017 | 100130461 | Axis Bank Limited | ₹70 Cr | Open | |
| 06 Aug 2013 | 10444895 | Yes Bank Limited | ₹100 Cr | Open | |
| 29 Mar 2011 | 10287155 | Yes Bank Limited | ₹40 Cr | Open | |
| 27 Apr 2016 | 100027941 | Others | ₹35 Cr | Satisfied |
To see the full charge records of Ligare Aviation Limited, buy the company report.
Total charge records: 24 View all charges
Deals & funding
Ligare Aviation Limited has 21 deals on record (10 rights issues, 7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹247.48 Cr; the latest was in March 2018.
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: RHC Holding Private Limited & Hemant Dhingra, RHC Holding Private Limited & Jitender Singh Chandel, RHC Holding Private Limited & Mukesh Arora Seller: Ligare Voyages Limited & Sangeeta Narain, Ligare Voyages Limited & Maninder Grewal, Ligare Voyages Limited & Maninder Singh Grewal |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: RHC Holding Private Limited Seller: Ligare Voyages Limited |
| Jul 2015 | Rights issue | ₹25 Cr | Investors: Ligare Voyages Limited |
| Jun 2015 | Rights issue | ₹22.68 Cr | Investors: Ligare Voyages Limited |
| May 2015 | Rights issue | ₹16.57 Cr | Investors: Ligare Voyages Limited |
To see the full deal history of Ligare Aviation 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
Ligare Aviation Limited has 46 court cases on record: 23 filed by Ligare Aviation, 23 filed against it. 7 cases are pending and 39 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 4 | 4 |
| High courts | 14 | 5 | 1 |
| NCLAT | 13 | 11 | 2 |
| Supreme Court | 3 | 3 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0305-Arbitration Law and Other Alternative Dispute Resolution : Challenge to/enforcement of a foreign arbitral award) | Filed against the company by Ubs Management Services India Private Limited(Formerly Known As Credit Suisse Finance India Private | Disposed |
| Supreme Court | Court case (0305-Arbitration Law and Other Alternative Dispute Resolution : Challenge to/enforcement of a foreign arbitral award) | Filed against the company by DCB Bank Limited | Disposed |
| District court, South East, Delhi | Civil suit | Filed against the company by Bses Rajdhani Power Ltd | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Yes Bank Ltd | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by RHC Finance Pvt. Ltd. and 1 other | Disposed |
To see the full case history of Ligare Aviation 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
Ligare Aviation Limited was last rated by Care on 06 Jul 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Jul 2026 |
To see the full credit ratings and regulatory alerts of Ligare Aviation Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ligare Aviation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ligare Aviation Limited has a workforce of 18 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Ligare Aviation has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACV3934B1ZO | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ligare Aviation Limited, buy the company report.
Recent activity
Ligare Aviation Limited has 37 board changes on record since 2007: 8 appointments and 29 cessations. The latest: Gautam Singhal was appointed as Irp/Rp/Liquidator on 12 Sep 2023.
79 earlier events are in the company report.
Frequently asked questions
Ligare Aviation is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Ligare Aviation is a company under insolvency, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in air charter and private aviation, within the transport and logistics industry. It was incorporated on 23 September 1996 and is registered under CIN U63040DL1996PLC166014. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ligare Aviation has 8 current directors and KMP:
- Shrestha Dev Burman - Whole-Time Director
- Gopinath Mohan Gopakumar - Director
- Rahul Kwatra - Director
- Shivangi Singh - Director
- Reena - Director
- Gautam Singhal - Irp/Rp/Liquidator
- Deepak Kumar Jena - Company Secretary
- Mukesh Arora - Cfo
The latest financial statements of Ligare Aviation on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 25 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ligare Aviation is U63040DL1996PLC166014. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ligare Aviation has open charges of ₹450 Cr and satisfied charges of ₹909.64 Cr as per latest MCA filings.
Ligare Aviation has 46 court cases on record: 23 filed by the company and 23 filed against it. 7 are pending. Most are in the district courts.
Ligare Aviation was incorporated on 23 September 1996. It is registered with the Registrar of Companies, Delhi.
Ligare Aviation has 21 deals on record (10 rights issues, 7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹247.48 Cr; the latest was in March 2018.
The peers of Ligare Aviation by revenue are Jyoti Infrastructure Private Limited, Plexus Aviation Services Private Limited, Hyderabad Airlines Private Limited, Foresee Aviation Private Limited, Oss Aviation Private Limited, all in the Aviation industry (Charter Services), with the same principal business activity (air transport).
Gautam Singhal was appointed as Irp/Rp/Liquidator on 12 Sep 2023. Mukesh Arora was appointed as CFO on 23 Dec 2021. Reena ceased to be Additional Director on 25 Nov 2021. Ligare Aviation has 37 board changes on record in total.
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