About Mahindra Airways Limited
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Mahindra Airways Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahindra And Mahindra Limited. It operates in the air charter and private aviation segment of the transport and logistics sector. It was incorporated on 27 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U62100MH2016PLC284135. Its GSTIN is 27AAKCM4917D2ZF (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹216.5 Cr and a paid-up capital of ₹183 Cr. It is led by directors including Rohit Chandur Thakur and Ruzbeh Baman Irani.
Its last annual general meeting (AGM) was held on 14 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mahindra Towers Pandurang Budhkar Marg Nr.Doordarshan Kendra Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.35 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹96.37 Lakh (net margin -6.7%) and EBITDA of ₹4.9 Cr (EBITDA margin 34.2%). Revenue has grown at a compounded annual rate (CAGR) of 31% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company has 2 deals on record (1 acquisition, 1 funding round), with disclosed funding of ₹60 Lakh; the latest was in August 2019. Its 3 peer companies in the Aviation industry (Charter Services), with the same principal business activity (air transport) are compared by revenue, 1 larger and 2 smaller; the largest is Itavi Private Limited with revenue of ₹14.72 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 28 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahindra.com.
Company details
Contact details
Mahindra Airways Limited's registered office is in Mumbai, Maharashtra. Its website is mahindra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMahindra Towers Pandurang Budhkar Marg Nr.Doordarshan Kendra Worli, Mumbai, Maharashtra, India – 400018
- IndustryTransport and Logistics, Air Charter & Private Aviation
To see the full contact details of Mahindra Airways 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 Mahindra Airways is transportation and storage. In detail, this covers air transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transportation and storage | 51 | Air transport |
To see the full business activity and turnover split of Mahindra Airways Limited, buy the company report.
Financials of Mahindra Airways Limited
FY 2025 filings availableMahindra Airways Limited reported revenue of ₹14.35 Cr (up 754911% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years. EBITDA rose 779% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹4.9 Cr | ||||
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| Net Profit (PAT) | -₹96.37 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 34.2% | ||||
| Net Profit Margin | -6.7% | ||||
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To see the full financial statements and ratios of Mahindra Airways Limited, buy the company report.
Board of directors of Mahindra Airways Limited
Mahindra Airways has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohit Chandur Thakur | Director | 04 Sep 2024 | 2 Years 1 Months | Current |
| Ruzbeh Baman Irani Also directs: Mahindra Holidays & Resorts India Limited, Mahindra Advanced Technologies Limited, Mahindra Defence Systems Limited and 1 more | Director | 02 Jul 2019 | 7 Years 3 Months | Current |
| Abhaya Mahajan Also directs: Mahindra and Mahindra Contech Limited | Director | 23 Oct 2019 | 7 Years 0 Months | Current |
| Manaswini Goel Also directs: Mahindra Advanced Technologies Limited, Mahindra Defence Systems Limited, Mahindra Summit Agriscience Limited and 4 more | Director | 30 Oct 2023 | 3 Years 0 Months | Current |
Peer comparison
Mahindra Airways Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Itavi Private Limited | ₹14.72 Cr (FY 2025) | 84.0% | Hyderabad, Telangana, India | |||
| Mahindra Airways Limitedthis company | ₹14.35 Cr (FY 2025) | -₹96.37 Lakh | -6.7% | 754911.0% | 6 | Mumbai, Maharashtra, India |
| Carewell Flyjet Ifsc Private Limited | ₹14.08 Cr (FY 2025) | 127.0% | Gandhinagar, Gujarat, India | |||
| Aeroflow Urban Air Mobility Private Limited | ₹12.31 Cr (FY 2025) | 269.0% | New Delhi, Delhi, India |
To see the full peer comparison of Mahindra Airways Limited, buy the company report.
Auditor
Mahindra Airways Limited is audited by B. K. Khare & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. K. Khare & Co. | FY 2023 | 105102W |
Shareholding
The shareholding of Mahindra Airways Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahindra Airways Limited, buy the company report.
Deals & funding
Mahindra Airways Limited has 2 deals on record (1 acquisition, 1 funding round), with disclosed funding of ₹60 Lakh; the latest was in August 2019.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Funding round | ₹60 Lakh | Investors: Mahindra Holdings Limited |
| Nov 2016 | Acquisition | ₹2.2 Cr | Buyer: Mahindra Holdings Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Mahindra Airways Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Mahindra Airways Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 28 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Indamer Aviation Private Limited |
To see the full MSME payment records of Mahindra Airways Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mahindra Airways Limited has a workforce of 6 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Mahindra Airways has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCM4917D2ZF | Maharashtra | Active | 01 Oct 2017 |
To see the full GST registrations and return filing status of Mahindra Airways Limited, buy the company report.
Recent activity
Mahindra Airways Limited has 14 board changes on record since 2018: 4 appointments and 10 cessations. The latest: Gayathri Iyer Suraj ceased to be Company Secretary on 31 Oct 2025.
5 earlier events are in the company report.
News
Frequently asked questions
Mahindra Airways is an active public limited company based in Mumbai, Maharashtra, India. The company works in air charter and private aviation, within the transport and logistics industry. It was incorporated on 27 July 2016 (10+ years old) and is registered under CIN U62100MH2016PLC284135.
Mahindra Airways has 4 current directors:
- Rohit Chandur Thakur - Director
- Ruzbeh Baman Irani - Director
- Abhaya Mahajan - Director
- Manaswini Goel - Director
The latest financial statements of Mahindra Airways on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 14 July 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Mahindra Airways is 27AAKCM4917D2ZF, registered in Maharashtra. 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 Airways is U62100MH2016PLC284135. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahindra Airways was incorporated on 27 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Mahindra Airways has 2 deals on record (1 acquisition, 1 funding round), with disclosed funding of ₹60 Lakh; the latest was in August 2019.
The peers of Mahindra Airways by revenue are Itavi Private Limited, Carewell Flyjet Ifsc Private Limited, Aeroflow Urban Air Mobility Private Limited, all in the Aviation industry (Charter Services), with the same principal business activity (air transport).
Gayathri Iyer Suraj ceased to be Company Secretary on 31 Oct 2025. Rohit Chandur Thakur ceased to be Additional Director on 13 Jul 2025. Rohit Chandur Thakur was appointed as Director on 04 Sep 2024. Mahindra Airways has 14 board changes on record in total.
Mahindra Airways has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 28 overdue payments to 1 micro and small supplier. The latest return was filed on 25 Apr 2020.
Mahindra Airways can be reached through the website mahindra.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Mahindra Airways is at Mahindra Towers Pandurang Budhkar Marg Nr.Doordarshan Kendra Worli, Mumbai, Maharashtra, India – 400018.
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