About Mahindra Aerostructures Private Limited
Data last updated:
Mahindra Aerostructures Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahindra Aerospace Private Limited. It operates in the aircraft and component manufacturing segment of the transport and logistics sector. It was incorporated on 27 January 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U35122MH2011PTC212744. Its GSTIN is 29AAGCM9904J1ZY (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹850 Cr and a paid-up capital of ₹577.84 Cr. It is led by directors including Karthik Krishnamurthy (Whole-Time Director) and Abanti Sankaranarayanan.
Its last annual general meeting (AGM) was held on 15 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mahindra Towers P. K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2025, the company reported a revenue of ₹258.08 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹7.8 Cr (net margin -3%) and EBITDA of ₹21.8 Cr (EBITDA margin 8.4%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 23% over five years.
The company has about 517 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Mahindra and Mahindra Aerospace. As per MCA filings, the company has open charges of ₹200 Cr and satisfied charges of ₹200.19 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company; 1 case is pending. The company has 7 deals on record (4 rights issues, 3 acquisitions); the latest was in September 2025. Its 10 peer companies in the Aviation industry (Aircraft and Components Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Ideaforge Technology Limited with revenue of ₹344.41 Cr. The company has 14 MSME Form 1 returns on record between 2018 and 2023, listing 143 overdue payments to 59 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahindraaerospace.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressMahindra Towers P. K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018
- IndustryTransport and Logistics, Aircraft & Component Manufacturing
- 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
- One PDF report, delivered after checkout
Associated Brands with Mahindra Aerostructures Private Limited
Mahindra Aerostructures operates two associated brands: Mahindra and Mahindra Aerospace. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified operations span automotive, agriculture, and financial services. | mahindra.com | |
| Metallic aerospace parts and assemblies are manufactured for global firms. | mahindraaerospace.com |
Business Activity of Mahindra Aerostructures Private Limited
The main business activities of Mahindra Aerostructures are manufacturing and support service to organizations. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles and other support services to organizations. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | Locked |
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mahindra Aerostructures Private Limited FY 2025 filings available
Mahindra Aerostructures Private Limited reported revenue of ₹258.08 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mahindra Aerostructures Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 9% growth in the latest year. EBITDA fell 14% 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 of Mahindra Aerostructures Private Limited
| 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 | ₹21.8 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹7.8 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 of Mahindra Aerostructures Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mahindra Aerostructures are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Mahindra Aerostructures Private Limited
Mahindra Aerostructures Private Limited currently reports 5 directors and 1 key managerial person. 20 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abanti Sankaranarayanan Also directs: Mahindra Aerospace Private Limited, Mahindra Last Mile Mobility Limited, Novavayu Aerospace Limited and 3 more | Director | 22 Apr 2024 | 2 Years 5 Months | Current |
| Mukul Verma | Director | 04 Aug 2018 | 8 Years 2 Months | Current |
| Vinod Kumar Sahay Also directs: Mahindra Aerospace Private Limited, Novavayu Aerospace Limited, Mahindra Advanced Technologies Limited and 3 more | Director | 01 Aug 2023 | 3 Years 2 Months | Current |
| Karthik Krishnamurthy | Whole-Time Director | 02 Sep 2015 | 11 Years 1 Months | Current |
| Arvind Kumar Mehra Also directs: Mahindra Aerospace Private Limited | Ceo | 02 Apr 2024 | 2 Years 6 Months | Current |
| Manaswini Goel Also directs: Novavayu Aerospace Limited, Mahindra Advanced Technologies Limited, Mahindra Defence Systems Limited and 4 more | Additional Director | 14 Feb 2025 | 1 Years 8 Months | Current |
Peer Comparison of Mahindra Aerostructures Private Limited
Mahindra Aerostructures Private Limited is compared with the companies closest to it by revenue in the Aviation industry (Aircraft and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ideaforge Technology Limited | ₹344.41 Cr (FY 2024) | •••• | •••• | 75.0% | •••• | Navi Mumbai, Maharashtra, India |
| Coreel Technologies (India) Private Limited | ₹334.84 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Bangalore, Karnataka, India |
| Ankit Aerospace Private Limited | ₹312.7 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Bangalore, Karnataka, India |
| Chakradhara Aerospace and Cargo Private Limited | ₹304.26 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Coimbatore, Tamil Nadu, India |
| Unimech Aerospace and Manufacturing Limited | ₹267.69 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Bangalore, Karnataka, India |
| Mahindra Aerostructures Private Limited this company | ₹258.08 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Micron Instruments Private Limited | ₹253.76 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | New Delhi, Delhi, India |
| Pmi Engineering Exports Private Limited | ₹245.63 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Chennai, Tamil Nadu, India |
| E C Blades and Tools Private Limited | ₹235.59 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Chandigarh, India |
| Avirata Defence Systems Limited | ₹226.26 Cr (FY 2025) | •••• | •••• | 89.0% | •••• | Bangalore, Karnataka, India |
| Tata Lockheed Martin Aerostructures Limited | ₹222.11 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Mahindra Aerostructures by revenue in the Aviation industry (Aircraft and Components Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mahindra Aerostructures Private Limited
Mahindra Aerostructures Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Mahindra Aerostructures Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mahindra Aerostructures Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Aug 2021 | Axis Bank Limited | ₹175 Cr | Open |
| 24 May 2019 | Hdfc Bank Limited | ₹25 Cr | Open |
| 17 Jun 2011 | Axis Bank Limited | ₹95 Cr | Satisfied |
| 17 Jun 2011 | Axis Bank Limited | ₹105.19 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Mahindra Aerostructures Private Limited
Mahindra Aerostructures Private Limited has 7 deals on record (4 rights issues, 3 acquisitions); the latest was in September 2025.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Rights issue | ₹113.34 Cr | Investors: Mahindra Aerospace Private Limited |
| Jun 2020 | Rights issue | ₹35.64 Cr | Investors: Mahindra Aerospace Private Limited |
| Jun 2018 | Rights issue | ₹106.5 Cr | Investors: Mahindra Aerospace Private Limited |
| Nov 2016 | Acquisition | ₹162 Cr | Buyer: Mahindra Aerospace Private Limited |
| Jul 2014 | Rights issue | ₹53.85 Cr | Investors: Mahindra Aerospace Private Limited |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Mahindra Aerostructures Private Limited
Mahindra Aerostructures Private Limited has 6 court cases on record: 6 filed by Mahindra Aerostructures. 1 case is pending and 5 are disposed. Status as checked between 21 Sep 2026 and 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Appeal | Filed by the company against Chennai Prop Services Private Limited and 1 other | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Union of India | Disposed |
| Madras High Court | Writ petition | Filed by the company against Union of India | Disposed |
Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Mahindra Aerostructures Private Limited
Mahindra Aerostructures Private Limited has 14 MSME Form 1 returns on record between 2018 and 2023, listing 143 overdue payments to 59 micro and small suppliers. 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 (5 of 59)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Divyanshi Aviation Services Private Limited | •••• | •••• | •••• |
| Labsupplies India Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Wolverine Cutting Tools | •••• | •••• | •••• |
| Meera Envirotech Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 14 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Mahindra Aerostructures Private Limited
Mahindra Aerostructures Private Limited has a workforce of 517 employees as of Apr 02, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Mahindra Aerostructures Private Limited
Mahindra Aerostructures Private Limited has 28 board changes on record since 2011: 8 appointments and 20 cessations. The latest: Manaswini Goel was appointed as Additional Director on 14 Feb 2025.
29 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mahindra Aerostructures Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mahindra Aerostructures Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Mahindra Aerostructures Private Limited
Mahindra Aerostructures has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCM9904J1ZY | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mahindra Aerostructures Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Mahindra Aerostructures Private Limited
Frequently Asked Questions about Mahindra Aerostructures Private Limited
Mahindra Aerostructures is an active private limited company based in Mumbai, Maharashtra, India. The company works in aircraft and component manufacturing, within the transport and logistics industry. It was incorporated on 27 January 2011 (15+ years old) and is registered under CIN U35122MH2011PTC212744.
Mahindra Aerostructures reported revenue of ₹258.08 Cr for FY 2025 (up 9% YoY).
Mahindra Aerostructures has 6 current directors and KMP:
- Karthik Krishnamurthy - Whole-Time Director
- Abanti Sankaranarayanan - Director
- Mukul Verma - Director
- Vinod Kumar Sahay - Director
- Manaswini Goel - Additional Director
- Arvind Kumar Mehra - Ceo
Mahindra Aerostructures reported a net loss of ₹7.8 Cr (net margin -3%) and EBITDA of ₹21.8 Cr (EBITDA margin 8.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mahindra Aerostructures is 36% over three years and 23% over five years. In the latest year (FY 2025) revenue rose 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mahindra Aerostructures is 29AAGCM9904J1ZY, registered in Karnataka. 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 Mahindra Aerostructures is U35122MH2011PTC212744. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahindra Aerostructures has 6 court cases on record: 6 filed by the company. 1 is pending. Most are in the high courts.
Mahindra Aerostructures was incorporated on 27 January 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Mahindra Aerostructures has 7 deals on record (4 rights issues, 3 acquisitions); the latest was in September 2025.
The peers of Mahindra Aerostructures by revenue are Ideaforge Technology Limited, Coreel Technologies (India) Private Limited, Ankit Aerospace Private Limited, Chakradhara Aerospace and Cargo Private Limited, Unimech Aerospace and Manufacturing Limited and 5 more, all in the Aviation industry (Aircraft and Components Manufacturing).
Manaswini Goel was appointed as Additional Director on 14 Feb 2025. Vinod Kumar Sahay ceased to be Director on 22 Oct 2024. Ramesh Iyer Subramanian Vaigalathur was appointed as Company Secretary on 17 Jul 2024. Mahindra Aerostructures has 28 board changes on record in total.