About Pawan Hans Limited
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Pawan Hans Limited is a public limited union government company based in Noida, Uttar Pradesh, India. It operates in the air charter and private aviation segment of the transport and logistics sector. It was incorporated on 15 October 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U62200UP1985GOI129953. Its GSTIN is 09AAACP1561A1ZX (Uttar Pradesh). The company holds 43 GST registrations, of which 32 are active.
The company has an authorised share capital of ₹560 Cr and a paid-up capital of ₹557.48 Cr. It was formerly known as Pawan Hans Helicopters Limited. It is led by directors including Sanjeev Razdan (Managing Director) and Asangba Chuba.
Its last annual general meeting (AGM) was held on 27 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at C – 14 Sector – 1, Noida, Uttar Pradesh, India – 201301.
As per the financials filed for FY 2024, the company reported a revenue of ₹442.98 Cr. For the same year it recorded a net loss of ₹12.56 Cr (net margin -2.8%) and EBITDA of ₹98.24 Cr (EBITDA margin 22.2%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 1% over five years.
The company is associated with 1 brand: Pawan Hans. As per MCA filings, the company has satisfied charges of ₹443.99 Cr on record. Court records list 242 cases involving the company, including 108 filed by the company and 134 filed against it; 54 cases are pending. The company has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹131.85 Cr; the latest was in July 2017. Its 6 peer companies in the Aviation industry (Charter Services), with the same principal business activity (air transport) are compared by revenue, 1 larger and 5 smaller; the largest is Global Vectra Helicorp Limited with revenue of ₹593.67 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 7 overdue payments to 6 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 pawanhans.co.in.
Company details
CIN history
Pawan Hans has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U62200UP1985GOI129953, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62200UP1985GOI129953 | Current |
| U62200DL1985GOI022233 | Previous |
| U99999DL1985GOI022233 | Previous |
Contact details
Pawan Hans Limited's registered office is in Noida, Uttar Pradesh. Its website is pawanhans.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressC – 14 Sector – 1, Noida, Uttar Pradesh, India – 201301
- IndustryTransport and Logistics, Air Charter & Private Aviation
To see the full contact details of Pawan Hans 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
Pawan Hans operates one associated brand: Pawan Hans. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Helicopter transportation and charter services are provided by the company. | pawanhans.co.in |
Business activity
The main business activity of Pawan Hans 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 Pawan Hans Limited, buy the company report.
Financials of Pawan Hans Limited
FY 2024 filings availablePawan Hans Limited reported revenue of ₹442.98 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years. 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹98.24 Cr | ||||
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| Net Profit (PAT) | -₹12.56 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.2% | ||||
| Net Profit Margin | -2.8% | ||||
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To see the full financial statements and ratios of Pawan Hans Limited, buy the company report.
Board of directors of Pawan Hans Limited
Pawan Hans has 5 current directors and 50 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asangba Chuba Also directs: Alliance Air Aviation Limited, Rohini Heliport Limited | Nominee Director | 02 Jan 2023 | 3 Years 9 Months | Current |
| Sanjeev Razdan Also directs: Rohini Heliport Limited | Managing Director | 17 Feb 2020 | 6 Years 8 Months | Current |
| Padam Lal | Nominee Director | 01 Feb 2023 | 3 Years 8 Months | Current |
| Sanjeev Vashishth | Nominee Director | 01 Oct 2024 | 2 Years 0 Months | Current |
| Prashant Singh Also directs: Ayana Renewable Power Private Limited | Nominee Director | 12 Feb 2025 | 1 Years 8 Months | Current |
Peer comparison
Pawan Hans Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Global Vectra Helicorp Limited | ₹593.67 Cr (FY 2025) | 13.0% | New Delhi, Delhi, India | |||
| Pawan Hans Limitedthis company | ₹442.98 Cr (FY 2024) | -₹12.56 Cr | -2.8% | Noida, Uttar Pradesh, India | ||
| VSR Ventures Private Limited | ₹431.52 Cr (FY 2025) | 46.0% | New Delhi, Delhi, India | |||
| Air Charter Services Private Limited | ₹391.02 Cr (FY 2025) | 18.0% | New Delhi, Delhi, India | |||
| Jetsetgo Aviation Services Private Limited | ₹352 Cr (FY 2025) | 1.0% | Delhi, India | |||
| Aircab Aviation Private Limited | ₹332.76 Cr (FY 2025) | 103.0% | New Delhi, Delhi, India | |||
| Karnavati Aviation Private Limited | ₹311.36 Cr (FY 2025) | 39.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Pawan Hans Limited, buy the company report.
Auditor
Pawan Hans Limited is audited by S.S.Periwal & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.S.Periwal & Co. | FY 2022 | 001021N |
Shareholding
The shareholding of Pawan Hans Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pawan Hans Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Aug 2012 | 10374875 | Vijayabank | ₹40 Cr | Satisfied | |
| 03 May 2012 | 10352612 | Ntpc Limited | ₹52.83 Cr | Satisfied | |
| 18 Jan 2012 | 10333869 | Vijaya Bank | ₹186 Cr | Satisfied | |
| 13 Aug 2010 | 10240648 | Oil and Natural Gas Corporation Limited | ₹165.16 Cr | Satisfied |
To see the full charge records of Pawan Hans Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Pawan Hans Limited has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹131.85 Cr; the latest was in July 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2017 | Rights issue | ₹311.87 Cr | Investors: President of India, Oil and Natural Gas Corporation Limited |
| Feb 2011 | Funding round | ₹131.85 Cr | Investors: Oil and Natural Gas Corporation Limited , President of India |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pawan Hans Limited has 242 court cases on record: 108 filed by Pawan Hans, 134 filed against it. 54 cases are pending and 188 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 136 | 89 | 28 |
| District courts | 74 | 26 | 22 |
| Supreme Court | 30 | 17 | 4 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 242)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0402-Armed Forces and ParaMilitary Forces : SLPs and Writ Petitions pertaining to armed forces and paramilitary forces, including recruitment/ appointment, court martial, disciplinary action, pension, emoluments, salary and other incidental matters) | Filed against the company by an individual | Disposed |
| High Court, UTTARAKHAND | Court case (WPMS) | Filed against the company by Ms Deccan Charters Pvt Ltd | Disposed |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by Egis India Consulting Engineers Private Limited | Disposed |
| NCLT, Allahabad | Insolvency matter | Filed against the company by Yatra Online Limited and 1 other | Disposed |
| High Court of Delhi | Court case (O.M.P. (E) (COMM.)) | Filed against the company by Egis India Consulting Engineers Private Limited | Disposed |
To see the full case history of Pawan Hans 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
Pawan Hans Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 7 overdue payments to 6 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 6)
To see the full MSME payment records of Pawan Hans Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Pawan Hans has 43 GST registrations: 32 active and 11 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACP1561A1ZX | Uttar Pradesh | Active | 01 Jul 2017 |
| 09AAACP1561A2ZW | Uttar Pradesh | Active | 28 Dec 2017 |
| 07AAACP1561A1Z1 | Delhi | Active | 01 Jul 2017 |
| 11AAACP1561A1ZC | Sikkim | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pawan Hans Limited, buy the company report.
Recent activity
Pawan Hans Limited has 54 board changes on record since 2008: 7 appointments and 47 cessations. The latest: Ajay Ratan ceased to be Nominee Director on 12 Feb 2025.
54 earlier events are in the company report.
News
Frequently asked questions
Pawan Hans is an active public limited union government company based in Noida, Uttar Pradesh, India. The company works in air charter and private aviation, within the transport and logistics industry. It was incorporated on 15 October 1985 (41+ years old) and is registered under CIN U62200UP1985GOI129953.
Pawan Hans has 5 current directors:
- Sanjeev Razdan - Managing Director
- Asangba Chuba - Nominee Director
- Padam Lal - Nominee Director
- Sanjeev Vashishth - Nominee Director
- Prashant Singh - Nominee Director
The latest financial statements of Pawan Hans on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Pawan Hans is 09AAACP1561A1ZX, registered in Uttar Pradesh. The company has 43 GST registrations in all, of which 32 are active and 11 are cancelled or inactive. Other active GSTINs include 09AAACP1561A2ZW (Uttar Pradesh), 07AAACP1561A1Z1 (Delhi), 11AAACP1561A1ZC (Sikkim).
The CIN (Corporate Identification Number) of Pawan Hans is U62200UP1985GOI129953. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pawan Hans has 242 court cases on record: 108 filed by the company and 134 filed against it. 54 are pending. Most are in the high courts.
Pawan Hans was incorporated on 15 October 1985, making it 41+ years old. It is registered with the Registrar of Companies, Kanpur.
Pawan Hans has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹131.85 Cr; the latest was in July 2017.
The peers of Pawan Hans by revenue are Global Vectra Helicorp Limited, VSR Ventures Private Limited, Air Charter Services Private Limited, Jetsetgo Aviation Services Private Limited, Aircab Aviation Private Limited and 1 more, all in the Aviation industry (Charter Services), with the same principal business activity (air transport).
Ajay Ratan ceased to be Nominee Director on 12 Feb 2025. Prashant Singh was appointed as Nominee Director on 12 Feb 2025. Ami Manish Parikh ceased to be Director on 19 Jan 2025. Pawan Hans has 54 board changes on record in total.
Pawan Hans has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 7 overdue payments to 6 micro and small suppliers. The latest return was filed on 29 Oct 2019.
Pawan Hans can be reached through the website pawanhans.co.in. Its registered office is in Noida, Uttar Pradesh, India.