Maharashtra Airport Development Company Limited - Company Profile

It is a infrastructure and utilities public limited state government company based in Mumbai, Maharashtra, India, established in 2002.

2002 Mumbai, Maharashtra, India Active

Last Updated: February 07, 2026

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About Maharashtra Airport Development Company Limited

Maharashtra Airport Development Company Limited, a active public limited state government company, was established on 26 August 2002 in Mumbai, Maharashtra, India. Engaging in airport infrastructure & development within the transport and storage sector, it holds CIN: U45203MH2002SGC136979. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹20.00 Cr and a paid-up capital of ₹17.05 Cr.

It upholds a compliant status. Employing 144 professional, Its leadership includes Aseem Kumar Surendrakumar Gupta (Director), Abhijit Vishwanath Chaudhari (Director), Swati Madhukar Pandey (Managing Director). Past directors included Manukumar Umashankar Srivastava, Sudhir Deomanrao Thakre, Aseem Surendrakumargupta. It holds ₹450.00 Cr open charges and ₹1,041.00 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at 8Th Floor, World Trade Centre - I Cuffe Parade, Mumbai, Maharashtra, 400005.

Company Details

CIN/LLPIN
U45203MH2002SGC136979
Registration Number
136979
Incorporation Date
26 August 2002
Authorized Capital
₹20.00 Cr
Paid-Up Capital
₹17.05 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 20.00 Cr as on 07-02-2026
Paid Up Capital ₹ 17.05 Cr as on 07-02-2026
Company Age 23 Year, 6 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 450.00 Cr as on 07-02-2026
Satisfied Charges ₹ 1,041.00 Cr as on 07-02-2026
Revenue Growth **** -15.70% (FY 2023)
Profit Growth **** 3.94% (FY 2023)
Ebitda **** 15.80% (FY 2023)
Net Worth 16.79% (FY 2023)
Total Assets **** 11.60% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Maharashtra Airport Development Company Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Maharashtra Airport Development Company Limited?

Current Directors

Name	Designation	Appointment Date	Status
Aseem Kumar Surendrakumar Gupta	Director	08 Jun 2023	Current
Abhijit Vishwanath Chaudhari	Director	18 Jul 2023	Current
Swati Madhukar Pandey	Managing Director	25 Jul 2023	Current
Vijay Jagdish Prasad Singhal	Director	23 Feb 2024	Current
Devendra Gangadharrao Fadnavis	Additional Director	05 Dec 2024	Current
Pvelrasu	Additional Director	30 Aug 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	05 Jan 2015	Past
Pramod Abcsdd	Director	28 Sep 2010	Past
Pramod Abcsdd	Director	-	Past
Pramod Abcsdd	Additional Director	05 Aug 2020	Past
Pramod Abcsdd	Director	28 Sep 2010	Past
Pramod Abcsdd	Director	30 Sep 2014	Past

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Financial Performance of Maharashtra Airport Development Company.

Maharashtra Airport Development Company Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 15.7% decrease. The company also saw a slight improvement in profitability, with a 3.94% increase in profit. The company's net worth Soared by an impressive increase of 16.79%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-15.70%

*******

Revenue from Operations

*******

-12.29%

*******

Total Assets

*******

11.60%

*******

Profit or Loss

*******

3.94%

*******

Net Worth

*******

16.79%

*******

EBITDA

*******

15.80%

*******

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What is the Ownership and Shareholding Structure of Maharashtra Airport Development Company?

In 2023, Maharashtra Airport Development Company had a promoter holding of 100.01%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹4,500,000,000.00

Satisfied Charges

₹10,410,000,000.00

Charges Breakdown by Lending Institutions

Housing And Urban Development Corporation Limited : 450.00 Cr
Vijaya Bank : 300.00 Cr
Bank Of Maharashtra : 150.00 Cr
Syndicate Bank : 112.00 Cr
Yes Bank Limited : 29.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
28 Mar 2018	Yes Bank Limited	₹29.00 Cr	Satisfied
12 Feb 2013	Housing And Urban Development Corporation Limited	₹450.00 Cr	Satisfied
15 Nov 2010	Syndicate Bank	₹56.00 Cr	Satisfied
11 Nov 2010	Syndicate Bank	₹56.00 Cr	Satisfied
02 Sep 2010	Bank Of Maharashtra	₹150.00 Cr	Satisfied

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How Many Employees Work at Maharashtra Airport Development Company?

Maharashtra Airport Development Company has a workforce of 144 employees as of Sep 23, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Maharashtra Airport Development Company, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Maharashtra Airport Development Company's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Maharashtra Airport Development Company

Recent Activity within the Organization

Annual General Meeting

Maharashtra Airport Development Company Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was recorded as a recent event.
30 Sep 2025
Director Appointment

Progress on Vivek Laxmikant Bhimanwar was appointed as a Additional Director was appointed as a Additional Director on 01 Jul 2025 & has been associated with this company since 7 months 28 days . was documented.
01 Jul 2025
Balance Sheet

Progress on Maharashtra Airport Development Company Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was documented.
31 Mar 2025
Director Appointment

The activity Anbalagan Ponnusamy was appointed as a Additional Director was appointed as a Additional Director on 26 Dec 2024 & has been associated with this company since 1 year 2 months . was completed.
26 Dec 2024
Charges

The activity A charge registered on 12 Feb 2013 via Charge ID 10408250 with Housing And Urban Development Corporation Limited was fully satisfied on 05 Dec 2024. was completed.
05 Dec 2024
Director Appointment

Devendra Gangadharrao Fadnavis was appointed as a Additional Director was appointed as a Additional Director on 05 Dec 2024 & has been associated with this company since 1 year 2 months . was recorded as a recent event.
05 Dec 2024

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