India's Richest People 2026 edition · 1 director · Source: Hurun India
- #4 Cyrus S Poonawalla & family ₹3,03,400 Cr
Revenue · FY 2025
₹111.75 Cr
▼ 46% YoY
Net loss · FY 2025
₹171.28 Cr
Net margin -153.3%
EBITDA · FY 2025
-₹98.77 Cr
EBITDA margin -88.4%
Authorised capital
₹2,240.52 Cr
Registered with MCA
Paid-up capital
₹2,105.18 Cr
Issued & subscribed
Open charges
₹1.53 Cr
Satisfied ₹351.27 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
30
Provident fund records
About Poonawalla Aviation Private Limited
Data last updated:
Poonawalla Aviation Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Serum Institute Of India Private Limited. It operates in the air charter and private aviation segment of the transport and logistics sector. It was incorporated on 11 May 2005 and has been in existence for over 21 years.
Its director Cyrus S Poonawalla and family are #4 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U35301PN2005PTC020721. Its GSTIN is 37AADCP5673J1ZZ (Andhra Pradesh).
The company has an authorised share capital of ₹2,240.52 Cr and a paid-up capital of ₹2,105.18 Cr. It is led by directors including Satish Hanumant Deshpande and Michael Ciril Vernekar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 212/2 Off Soli Poonawallaroad Hadapsar Pune – 411028, Maharashtra, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹111.75 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹171.28 Cr (net margin -153.3%) and EBITDA of -₹98.77 Cr (EBITDA margin -88.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 2% over five years.
The company has about 30 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Poonawalla Aviation. As per MCA filings, the company has open charges of ₹1.53 Cr and satisfied charges of ₹351.27 Cr on record. Court records list 9 cases involving the company, including 7 filed by the company and 2 filed against it; 1 case is pending. The company has 26 deals on record (14 secondary share transfers, 9 funding rounds, 2 acquisitions), with disclosed funding of ₹950.77 Cr; the latest was in August 2021. Its 8 peer companies in the Aviation industry (Charter Services), with the same principal business activity (air transport) are compared by revenue, 4 larger and 4 smaller; the largest is Himalayan Heli Services Limited with revenue of ₹132.42 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2023, listing 2 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 poonawallaaviation.com.
Company details
CIN U35301PN2005PTC020721
Registration Number 020721
Incorporation Date 11 May 2005
ROC Pune
Listing Status Unlisted
Company Status Active
Parent Company Serum Institute Of India Private Limited
Compliance Status Active Compliant
Key People
Satish Hanumant Deshpande Director Michael Ciril Vernekar Director Cyrus Soli Poonawalla Director Recognitions & Rankings of Poonawalla Aviation
Contact details
Poonawalla Aviation Private Limited's registered office is in Pune, Maharashtra. Its website is poonawallaaviation.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address212/2 Off Soli Poonawallaroad Hadapsar Pune – 411028, Maharashtra, India
- IndustryTransport and Logistics, Air Charter & Private Aviation
To see the full contact details of Poonawalla Aviation Private Limited, buy the company report.
Comprehensive company report
Poonawalla Aviation Private Limited - one report that includes everything
- 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
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Brands
Poonawalla Aviation operates one associated brand: Poonawalla Aviation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Private jet and helicopter charter services focused on aviation operations in India. | poonawallaaviation.com |
Business activity
The main business activity of Poonawalla 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 Poonawalla Aviation Private Limited, buy the company report.
Financials of Poonawalla Aviation Private Limited
FY 2025 filings availablePoonawalla Aviation Private Limited reported revenue of ₹111.75 Cr (down 46% YoY) for FY 2025.
Revenue · FY 2025
₹111.75 Cr ▼ 46%
Net loss · FY 2025
₹171.28 Cr margin -153.3%
EBITDA · FY 2025
-₹98.77 Cr margin -88.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 46%
3 years · compounded
▲ 2%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 211%
3 years · compounded
▼ 230%
5 years · compounded
▼ 50%
Revenue fell 46% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 211% 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 |
|---|---|---|---|---|---|
| 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 | -₹98.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹171.28 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -88.4% | ||||
| Net Profit Margin | -153.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Poonawalla Aviation Private Limited, buy the company report.
Board of directors of Poonawalla Aviation Private Limited
Poonawalla Aviation has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Hanumant Deshpande | Director | 11 May 2005 | 21 Years 6 Months | Current |
| Michael Ciril Vernekar | Director | 27 Feb 2020 | 6 Years 8 Months | Current |
| Cyrus Soli Poonawalla Also directs: Genesis Parks LLP, Adar Estates LLP, Poonawalla Estates Stud and Agri Farm Privae Limited and 4 more | Director | 11 May 2005 | 21 Years 6 Months | Current |
| Deepak Popatlal Shah | Director | 11 May 2005 | 21 Years 6 Months | Current |
Peer comparison
Poonawalla Aviation Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Himalayan Heli Services Limited | ₹132.42 Cr (FY 2025) | 15.0% | New Delhi, Delhi, India | |||
| Chipsan Aviation Private Limited | ₹118.89 Cr (FY 2025) | 16.0% | New Delhi, Delhi, India | |||
| Mytri Aviation Private Limited | ₹118.08 Cr (FY 2025) | 10.0% | Hyderabad, Telangana, India | |||
| Saarthi Airways Private Limited | ₹115.16 Cr (FY 2024) | 70.0% | Jaipur, Rajasthan, India | |||
| Poonawalla Aviation Private Limitedthis company | ₹111.75 Cr (FY 2025) | -₹171.28 Cr | -153.3% | -46.0% | 30 | Pune, Maharashtra, India |
| Velocity Charter Private Limited | ₹99.48 Cr (FY 2025) | 64.0% | Mumbai, Maharashtra, India | |||
| India Flysafe Aviation Limited | ₹95.49 Cr (FY 2025) | -57.0% | New Delhi, Delhi, India | |||
| Zest Aviation Private Limited | ₹93.29 Cr (FY 2025) | 50.0% | Ahmedabad, Gujarat, India | |||
| Airking Charters Private Limited | ₹87.48 Cr (FY 2025) | -30.0% | New Delhi, Delhi, India |
To see the full peer comparison of Poonawalla Aviation Private Limited, buy the company report.
Auditor
Poonawalla Aviation Private Limited is audited by N. V. Parasnis And Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. V. Parasnis And Co. | FY 2023 | 112857W |
Shareholding
The shareholding of Poonawalla Aviation Private 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 Poonawalla Aviation Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.53 Cr
Satisfied charges
₹351.27 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Oct 2025 | 101176636 | Axis Bank Limited | ₹4 Lakh | Open | |
| 19 Aug 2025 | 101152453 | Axis Bank Limited | ₹33.74 Lakh | Open | |
| 11 Jun 2025 | 101117537 | Axis Bank Limited | ₹9.61 Lakh | Open | |
| 21 May 2025 | 101107368 | Others | ₹50 Lakh | Open | |
| 02 Nov 2020 | 100384621 | Others | ₹20 Lakh | Open |
To see the full charge records of Poonawalla Aviation Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Poonawalla Aviation Private Limited has 26 deals on record (14 secondary share transfers, 9 funding rounds, 2 acquisitions), with disclosed funding of ₹950.77 Cr; the latest was in August 2021.
Total deals
26
Secondary share transfers
14
Funding rounds
9
Acquisitions
2
Debt financing
1
Disclosed funding
₹950.77 Cr
Deals on record (5 of 26)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: Serum Institute of India Private Limited Seller: Poonawalla Credit Private Limited , an individual |
| Dec 2020 | Funding round | ₹535.52 Cr | Investors: Serum Institute of India Private Limited |
| Mar 2019 | Acquisition | ₹639.1 Cr | Buyer: Serum Institute of India Private Limited |
| Feb 2018 | Secondary share transfer | Undisclosed | Seller: Serum Institute of India Private Limited |
| Feb 2018 | Secondary share transfer | Undisclosed | Seller: Poonawalla Credit Private Limited |
To see the full deal history of Poonawalla Aviation Private 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
Poonawalla Aviation Private Limited has 9 court cases on record: 7 filed by Poonawalla Aviation, 2 filed against it. 1 case is pending and 8 are disposed.
Total cases
9
Filed by the company
7
Filed against the company
2
Pending
1
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 2 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against Southern Power Distribution Company of Andhra Pradesh Limited and 4 others | Pending |
| High Court, ANDHRAPRADESH | Appeal | Filed by the company against Southern Power Distribution Company of Andhra Pradesh Limited, and 5 others | Disposed |
| High Court, ANDHRAPRADESH | Appeal | Filed by the company against New and Renewable Energy Development Corporation of Andhra Pradesh Limited, and 9 others | Disposed |
| High Court, ANDHRAPRADESH | Appeal | Filed against the company by Chanda Investment and Trading Company Private Limited and 1 other | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against Eastern Power Distribution Company of Andhra Pradesh Limited, and 3 others | Disposed |
To see the full case history of Poonawalla Aviation Private 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
Poonawalla Aviation Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2023, listing 2 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 Poonawalla Aviation Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Poonawalla Aviation Private Limited has a workforce of 30 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
30
Active EPFO establishments
1
Employee growth
36.4%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 30 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 |
To see the full employee and EPFO history of Poonawalla Aviation Private Limited, buy the company report.
GST
Poonawalla Aviation has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AADCP5673J1ZZ | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Poonawalla Aviation Private Limited, buy the company report.
Recent activity
Poonawalla Aviation Private Limited has 4 board changes on record since 2005: 4 appointments. The latest: Michael Ciril Vernekar was appointed as Director on 27 Feb 2020.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.04 Cr with Charge ID 101176636 was registered on 07 Oct 2025.
AGM
Poonawalla Aviation Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.34 Cr with Charge ID 101152453 was registered on 19 Aug 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.10 Cr with Charge ID 101117537 was registered on 11 Jun 2025.
Charges
A charge with Others amounted to Rs. 0.50 Cr with Charge ID 101107368 was registered on 21 May 2025.
Filing
Poonawalla Aviation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge registered on 09 Dec 2020 via Charge ID 100400905 with Others was fully satisfied on 17 Nov 2023.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100400905 was registered on 09 Dec 2020.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 100384621 was registered on 02 Nov 2020.
Charges
A charge registered on 12 Jun 2019 via Charge ID 100272921 with Others was fully satisfied on 15 Jun 2020.
Appointed
Michael Ciril Vernekar was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 100279505 was registered on 16 Jul 2019.
9 earlier events are in the company report.
Frequently asked questions
Poonawalla Aviation is an active private limited company based in Pune, Maharashtra, India. The company works in air charter and private aviation, within the transport and logistics industry. It was incorporated on 11 May 2005 (21+ years old) and is registered under CIN U35301PN2005PTC020721.
Poonawalla Aviation has 4 current directors:
- Satish Hanumant Deshpande - Director
- Michael Ciril Vernekar - Director
- Cyrus Soli Poonawalla - Director
- Deepak Popatlal Shah - Director
The latest financial statements of Poonawalla Aviation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Poonawalla Aviation is 37AADCP5673J1ZZ, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Poonawalla Aviation is U35301PN2005PTC020721. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Poonawalla Aviation has 9 court cases on record: 7 filed by the company and 2 filed against it. 1 is pending.
Poonawalla Aviation was incorporated on 11 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Pune.
Poonawalla Aviation has 26 deals on record (14 secondary share transfers, 9 funding rounds, 2 acquisitions), with disclosed funding of ₹950.77 Cr; the latest was in August 2021.
The peers of Poonawalla Aviation by revenue are Himalayan Heli Services Limited, Chipsan Aviation Private Limited, Mytri Aviation Private Limited, Saarthi Airways Private Limited, Velocity Charter Private Limited and 3 more, all in the Aviation industry (Charter Services), with the same principal business activity (air transport).
Michael Ciril Vernekar was appointed as Director on 27 Feb 2020. Cyrus Soli Poonawalla was appointed as Director on 11 May 2005. Deepak Popatlal Shah was appointed as Director on 11 May 2005. Poonawalla Aviation has 4 board changes on record in total.
Poonawalla Aviation has 1 MSME Form 1 return on record for the period ending Sep 2023, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 30 Oct 2023.
Poonawalla Aviation can be reached through the website poonawallaaviation.com. Its registered office is in Pune, Maharashtra, India.
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