DPIIT recognised startup Government of India
Startup India
Rfly Innovations Private Limited - transport and logistics in Chengalpattu, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3.54 Cr
▲ 192% YoY
Net loss · FY 2025
₹13.29 Cr
Net margin -375.1%
EBITDA · FY 2025
-₹13.49 Cr
EBITDA margin -380.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹20.23 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Directors on board
7
As per MCA filings
About Rfly Innovations Private Limited
Data last updated:
Rfly Innovations Private Limited is a private limited company based in Chengalpattu, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the aircraft and component manufacturing segment of the transport and logistics sector. It was incorporated on 27 October 2017 and has been in existence for over 9 years.
Its director Sudhir Vijay Menon is #338 among India's richest people (2026). Its director Subodh Menon is #602 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2017PTC119275. Its GSTIN is 33AAICR5929E1ZC (Tamil Nadu).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Subodh Vijayaraghava Menon and Sarath Chand.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Chengalpattu, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.54 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹13.29 Cr (net margin -375.1%) and EBITDA of -₹13.49 Cr (EBITDA margin -380.8%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years.
The company is associated with 1 brand: Rfly. As per MCA filings, the company has open charges of ₹20.23 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rfly.in.
Company details
CIN U74999TN2017PTC119275
Registration Number 119275
Incorporation Date 27 October 2017
ROC Chennai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Rfly Innovations
India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #338 Sudhir Vijay Menon ₹11,100 Cr
- #602 Subodh Menon ₹5,600 Cr
Contact details
Rfly Innovations Private Limited's registered office is in Chengalpattu, Tamil Nadu. Its website is rfly.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 12, Sengundram Main Road Malrosapuram, Chengalpattu, Tamil Nadu, India – 603209
- IndustryTransport and Logistics, Aircraft & Component Manufacturing
To see the full contact details of Rfly Innovations Private Limited, buy the company report.
Comprehensive company report
Rfly Innovations 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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Business activity
The main business activity of Rfly Innovations is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Rfly Innovations Private Limited, buy the company report.
Financials of Rfly Innovations Private Limited
FY 2025 filings availableRfly Innovations Private Limited reported revenue of ₹3.54 Cr (up 192% YoY) for FY 2025.
Revenue · FY 2025
₹3.54 Cr ▲ 192%
Net loss · FY 2025
₹13.29 Cr margin -375.1%
EBITDA · FY 2025
-₹13.49 Cr margin -380.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 192%
3 years · compounded
▲ 40%
EBITDA CAGR growth
1 year
▼ 195%
3 years · compounded
▼ 269%
5 years · compounded
▼ 705%
Revenue has grown at a compounded annual rate (CAGR) of 40% over three years, including 192% growth in the latest year. EBITDA fell 195% 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 | -₹13.49 Cr | ||||
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| Net Profit (PAT) | -₹13.29 Cr | ||||
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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 | -380.8% | ||||
| Net Profit Margin | -375.1% | ||||
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To see the full financial statements and ratios of Rfly Innovations Private Limited, buy the company report.
Board of directors of Rfly Innovations Private Limited
Rfly Innovations has 7 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subodh Vijayaraghava Menon | Director | 16 Jun 2022 | 4 Years 4 Months | Current |
| Sarath Chand | Director | 19 Oct 2023 | 3 Years 0 Months | Current |
| Viswanathan Seshadri | Director | 16 Jun 2022 | 4 Years 4 Months | Current |
| Perumangode Neelkandhan Ramaswamy Also directs: Fobeoz India Private Limited, Dorf-Ketal Chemicals India Limited, Tineta Pharma Private Limited and 5 more | Additional Director | 05 Dec 2025 | 0 Years 11 Months | Current |
| Sudhir Vijay Menon | Director | 16 Jun 2022 | 4 Years 4 Months | Current |
| Mohamed Rafeek | Director | 27 Oct 2017 | 9 Years 0 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Rfly Innovations Private Limited is audited by SS Gajja & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SS Gajja & Co | FY 2023 | 114635W |
Shareholding
The shareholding of Rfly Innovations Private 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 Rfly Innovations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20.23 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2025 | 101165486 | Others | ₹20 Cr | Open | |
| 29 May 2023 | 100733220 | Others | ₹23.19 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Rfly Innovations Private 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
No delayed payments to MSME suppliers are on our record for Rfly Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rfly Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAICR5929E1ZC | Tamil Nadu | Active | 16 Jun 2020 |
To see the full GST registrations and return filing status of Rfly Innovations Private Limited, buy the company report.
Recent activity
Rfly Innovations Private Limited has 15 board changes on record since 2017: 8 appointments and 7 cessations. The latest: Ravindra Prabhakar Nirgudkar ceased to be CEO on 31 Dec 2025.
Ceased
Ravindra Prabhakar Nirgudkar ceased to be CEO.
Appointed
Perumangode Neelkandhan Ramaswamy was appointed as Additional Director.
Charges
A charge with Others amounted to Rs. 2,000.00 Lakh with Charge ID 101165486 was registered on 22 Sep 2025.
AGM
Rfly Innovations Private Limited last Annual general meeting of members was held on 10 Sep 2025 as per latest MCA records.
Filing
Rfly Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Appointed
Ravindra Prabhakar Nirgudkar was appointed as CEO.
Appointed
Sarath Chand was appointed as Director.
Charges
A charge with Others amounted to Rs. 23.19 Lakh with Charge ID 100733220 was registered on 29 May 2023.
Ceased
Mohamed Rafeek ceased to be Additional Director.
Ceased
Mohamed Rasheed ceased to be Additional Director.
Ceased
Subodh Vijayaraghava Menon ceased to be Additional Director.
Ceased
Sudhir Vijay Menon ceased to be Additional Director.
8 earlier events are in the company report.
Frequently asked questions
Rfly Innovations is an active private limited company based in Chengalpattu, Tamil Nadu, India. The company works in aircraft and component manufacturing, within the transport and logistics industry. It was incorporated on 27 October 2017 (9+ years old) and is registered under CIN U74999TN2017PTC119275.
Rfly Innovations has 7 current directors:
- Subodh Vijayaraghava Menon - Director
- Sarath Chand - Director
- Viswanathan Seshadri - Director
- Perumangode Neelkandhan Ramaswamy - Additional Director
- Sudhir Vijay Menon - Director
- Mohamed Rafeek - Director
- Mohamed Rasheed - Director
The latest financial statements of Rfly Innovations on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Rfly Innovations is 33AAICR5929E1ZC, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Rfly Innovations is U74999TN2017PTC119275. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rfly Innovations was incorporated on 27 October 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
Ravindra Prabhakar Nirgudkar ceased to be CEO on 31 Dec 2025. Perumangode Neelkandhan Ramaswamy was appointed as Additional Director on 05 Dec 2025. Ravindra Prabhakar Nirgudkar was appointed as CEO on 28 Oct 2024. Rfly Innovations has 15 board changes on record in total.
Yes, Rfly Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Rfly Innovations can be reached through the website rfly.in. Its registered office is in Chengalpattu, Tamil Nadu, India.
The registered office of Rfly Innovations is at Plot No 12, Sengundram Main Road Malrosapuram, Chengalpattu, Tamil Nadu, India – 603209.
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