About Privilege Airways Pvt Ltd
Data last updated:
Privilege Airways Pvt Ltd is a private limited company based in Mumbai, Maharashtra, India. It operates in the air transport services segment of the transport and logistics sector. It was incorporated on 14 February 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63013MH2006PTC159714. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹30 Cr. It is led by directors Rakeshkumar Kuldipsingh Wadhawan and Sarang Rakesh Wadhawan.
Its last annual general meeting (AGM) was held on 27 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 3rd Floor Dheeraj Arma Anant Kanekar Marg Bandra (E), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2018, the company reported a revenue of ₹10.19 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹4.99 Cr (net margin -49%) and EBITDA of ₹2.31 Cr (EBITDA margin 22.7%). Revenue has grown at a compounded annual rate (CAGR) of 351% over three years.
As per MCA filings, the company has open charges of ₹293.91 Cr on record. Court records list 5 cases involving the company, including 3 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website privilegeair.net.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address3rd Floor Dheeraj Arma Anant Kanekar Marg Bandra (E), Mumbai, Maharashtra, India – 400051
- IndustryTransport and Logistics, Air Transport Services
- 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
Business Activity of Privilege Airways Pvt Ltd
The main business activity of Privilege Airways is transport and storage. In detail, this covers air transport.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H4 | Air transport | 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 Privilege Airways Pvt Ltd FY 2018 filings available
Privilege Airways Pvt Ltd reported revenue of ₹10.19 Cr (up 5% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of Privilege Airways Pvt Ltd
Revenue has grown at a compounded annual rate (CAGR) of 351% over three years, including 5% growth 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 Privilege Airways Pvt Ltd
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | ₹10.19 Cr | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.31 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4.99 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 Privilege Airways Pvt Ltd
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 22.7% | •••• | •••• | •••• |
| Net Profit Margin | -49% | •••• | •••• | •••• |
| 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 Privilege Airways 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.
Peer Comparison of Privilege Airways Pvt Ltd
Privilege Airways Pvt Ltd is compared with the companies closest to it by revenue in the Aviation industry (Air Passenger Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rar Aviation Private Limited | ₹11.89 Cr (FY 2024) | •••• | •••• | 756.0% | •••• | Delhi, India |
| LCL Logistics (South) Private Limited | ₹11.43 Cr (FY 2024) | •••• | •••• | -36.0% | •••• | Aluva, Kerala, India |
| Fern Aviation India Private Limited | ₹11.22 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | New Delhi, Delhi, India |
| Privilege Airways Pvt Ltd this company | ₹10.19 Cr (FY 2018) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Atc Aviation Services India Private Limited | ₹9.76 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Gurgaon, Haryana, India |
| Ground Care Private Limited | ₹9.72 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Condor Air Services Private Limited | ₹9.41 Cr (FY 2024) | •••• | •••• | 72.0% | •••• | New Delhi, Delhi, India |
| Jonjua Air Limited | ₹8.66 Cr (FY 2025) | •••• | •••• | 167.0% | •••• | Mohali, Punjab, India |
| Airtickets India Private Limited | ₹8.47 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Pawan Express Logistics Private Limited | ₹8.42 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Delhi, India |
| Ifos Flight Services Private Limited | ₹8.38 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Aurangabad, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Privilege Airways by revenue in the Aviation industry (Air Passenger Services), 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 Privilege Airways Pvt Ltd
Privilege Airways Pvt Ltd is audited by RAJESWARI & ASSOCIATES for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJESWARI & ASSOCIATES | 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.
Board of Directors of Privilege Airways Pvt Ltd
Privilege Airways has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakeshkumar Kuldipsingh Wadhawan | Director | 14 Feb 2006 | 20 Years 7 Months | Current |
| Sarang Rakesh Wadhawan | Director | 14 Feb 2006 | 20 Years 7 Months | Current |
Ownership and Shareholding of Privilege Airways Pvt Ltd
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 Privilege Airways Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Aug 2023 | Others | ₹203.91 Cr | Open |
| 27 Jul 2010 | Yes Bank Limited | ₹45 Cr | Open |
| 27 Jul 2010 | Yes Bank Limited | ₹45 Cr | Open |
Total charge records: 3 View all charges
Legal Cases of Privilege Airways Pvt Ltd
Privilege Airways Pvt Ltd has 5 court cases on record: 3 filed against it, 2 where it is another party. 2 cases are pending and 3 are disposed. Status as checked between 28 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 2 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARBP) | Filed against the company by Unity Small Finance Bank Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL.CASE) | Company is another party | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by Income Tax Department | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Company is another party | Disposed |
| High Court of Delhi | Court case (O.M.P.) | Filed against the company by Ge Capital Services India | Disposed |
Full case history
All 5 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.
Employees and EPFO Compliance at Privilege Airways Pvt Ltd
Employment history and EPFO contributions of people linked to Privilege Airways.
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 Privilege Airways Pvt Ltd
Privilege Airways Pvt Ltd has 2 board changes on record since 2006: 2 appointments. The latest: Rakeshkumar Kuldipsingh Wadhawan was appointed as Director on 14 Feb 2006.
Credit Ratings, Litigation & Regulatory Alerts for Privilege Airways Pvt Ltd
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.
MSME Payment Delays by Privilege Airways Pvt Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Privilege Airways Pvt Ltd
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 Privilege Airways Pvt Ltd
Privilege Airways has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
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 Privilege Airways Pvt Ltd
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.
Frequently Asked Questions about Privilege Airways Pvt Ltd
Privilege Airways is an active private limited company based in Mumbai, Maharashtra, India. The company works in air transport services, within the transport and logistics industry. It was incorporated on 14 February 2006 (20+ years old) and is registered under CIN U63013MH2006PTC159714.
Privilege Airways reported revenue of ₹10.19 Cr for FY 2018 (up 5% YoY).
Privilege Airways has 2 current directors:
- Rakeshkumar Kuldipsingh Wadhawan - Director
- Sarang Rakesh Wadhawan - Director
Privilege Airways reported a net loss of ₹4.99 Cr (net margin -49%) and EBITDA of ₹2.31 Cr (EBITDA margin 22.7%) for FY 2018, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Privilege Airways is 351% over three years. In the latest year (FY 2018) revenue rose 5%. CAGR is the steady yearly rate that links the first and the last year.
No. Privilege Airways has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Privilege Airways is U63013MH2006PTC159714. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Privilege Airways has 5 court cases on record: 3 filed against it. 2 are pending. Most are in the district courts.
Privilege Airways was incorporated on 14 February 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Privilege Airways by revenue are Rar Aviation Private Limited, LCL Logistics (South) Private Limited, Fern Aviation India Private Limited, Atc Aviation Services India Private Limited, Ground Care Private Limited and 5 more, all in the Aviation industry (Air Passenger Services).
Rakeshkumar Kuldipsingh Wadhawan was appointed as Director on 14 Feb 2006. Sarang Rakesh Wadhawan was appointed as Director on 14 Feb 2006.