About Saarthi Airways Private Limited
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Saarthi Airways Private Limited is a private limited company based in Jaipur, Rajasthan, India. It operates in the air charter and private aviation segment of the transport and logistics sector. It was incorporated on 06 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U63013RJ2004PTC019254. Its GSTIN is 07AAICS8558A1Z7 (Delhi).
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹20.4 Cr. It is led by directors including Anirudh Tanwar and Jyoti Kumari Tanwar.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 37A Gulmohar Lane Sirsi Road, Jaipur, Rajasthan, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹115.16 Cr, a growth of 70% compared to the previous year. For the same year it recorded a net loss of ₹1.07 Cr (net margin -0.9%) and EBITDA of ₹8.48 Cr (EBITDA margin 7.4%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 18% over five years.
The company has about 34 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: Saarthi Airways. As per MCA filings, the company has open charges of ₹27.83 Cr and satisfied charges of ₹21.59 Cr on record. Court records list 11 cases involving the company, including 1 filed by the company and 10 filed against it; 2 cases are pending. The company has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹9.99 Cr; the latest was in January 2021. Its 3 peer companies in the Aviation industry (Charter Services, Film and Content Production), with the same principal business activity (air transport) are compared by revenue, 2 larger and 1 smaller; the largest is Chipsan Aviation Private Limited with revenue of ₹118.89 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website saarthiairways.com.
Company details
Contact details
Saarthi Airways Private Limited's registered office is in Jaipur, Rajasthan. Its website is saarthiairways.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address37A Gulmohar Lane Sirsi Road, Jaipur, Rajasthan, India
- IndustryTransport and Logistics, Air Charter & Private Aviation
To see the full contact details of Saarthi Airways Private 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
Saarthi Airways operates one associated brand: Saarthi Airways. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Air charter services for corporate, political, and private clients in India. | saarthiairways.com |
Business activity
The main business activity of Saarthi Airways 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 Saarthi Airways Private Limited, buy the company report.
Financials of Saarthi Airways Private Limited
FY 2024 filings availableSaarthi Airways Private Limited reported revenue of ₹115.16 Cr (up 70% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 70% growth in the latest year. EBITDA fell 31% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹8.48 Cr | ||||
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| Net Profit (PAT) | -₹1.07 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 | 7.4% | ||||
| Net Profit Margin | -0.9% | ||||
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To see the full financial statements and ratios of Saarthi Airways Private Limited, buy the company report.
Board of directors of Saarthi Airways Private Limited
Saarthi Airways has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anirudh Tanwar | Director | 06 May 2004 | 22 Years 6 Months | Current |
| Jyoti Kumari Tanwar Also directs: Flyjet Air Ways Private Limited, Saarthi Aircraft Technologies Private Limited, Hustle Network Private Limited and 1 more | Director | 06 May 2004 | 22 Years 6 Months | Current |
| Gulab Singh Tanwar Also directs: Aquila Aviation Private Limited, Flyjet Air Ways Private Limited, Airborne Geoscience International Private Limited and 5 more | Director | 30 Sep 2011 | 15 Years 1 Months | Current |
Peer comparison
Saarthi Airways Private Limited is compared with the 3 companies closest to it by revenue in the Aviation industry (Charter Services, Film and Content Production), 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 |
|---|---|---|---|---|---|---|
| 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 Limitedthis company | ₹115.16 Cr (FY 2024) | -₹1.07 Cr | -0.9% | 70.0% | 34 | Jaipur, Rajasthan, India |
| Poonawalla Aviation Private Limited | ₹111.75 Cr (FY 2025) | -46.0% | Road, Hadapsar, Pune-411028, Maharashtra, India |
To see the full peer comparison of Saarthi Airways Private Limited, buy the company report.
Auditor
Saarthi Airways Private Limited is audited by S R J N & Co. L L P for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R J N & Co. L L P | FY 2023 | 009063N/N500041 |
Shareholding
The shareholding of Saarthi Airways 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 Saarthi Airways Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jun 2025 | 101130372 | Others | ₹21 Cr | Open | |
| 29 Mar 2025 | 101077903 | Others | ₹1.4 Cr | Open | |
| 28 Feb 2022 | 100551903 | Others | ₹4.99 Cr | Open | |
| 25 Jan 2022 | 100535299 | Others | ₹17.6 Lakh | Open | |
| 02 Dec 2021 | 100520400 | Others | ₹26.5 Lakh | Open |
To see the full charge records of Saarthi Airways Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Saarthi Airways Private Limited has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹9.99 Cr; the latest was in January 2021.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Rights issue | ₹3 Cr | Investors: 3 individuals |
| Dec 2011 | Funding round | ₹1 Cr | Investors: 3 individuals |
| Jan 2009 | Funding round | ₹99 Lakh | Investors: 3 individuals |
To see the full deal history of Saarthi Airways 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
Saarthi Airways Private Limited has 11 court cases on record: 1 filed by Saarthi Airways, 10 filed against it. 2 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 2 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Jaipur | Insolvency matter | Filed against the company by Simm Samm Airways Private Limited | Disposed |
| District court, South, Delhi | Criminal case | Filed against the company by Eximius Business Aviation Private Ltd | Disposed |
| District court, New Delhi, Delhi | Civil suit | Filed against the company by DLF Ltd. | Disposed |
| District court, South West, Delhi | Criminal case | Filed against the company by Hiranandani Aviation Pvt. Ltd. | Disposed |
| District court, South West, Delhi | Court case (CS DJ ADJ) | Filed against the company by an individual | Pending |
To see the full case history of Saarthi Airways 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
No delayed payments to MSME suppliers are on our record for Saarthi Airways Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Saarthi Airways has 4 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Saarthie Entertainment Private Limited | U22300DL2018PTC337812 | |
| Flyjet Air Ways Private Limited | U62100RJ2006PTC091230 | |
| Saarthi Aircraft Technologies Private Limited | U63000DL2014PTC273196 | |
| Questra Services Private Limited | U63030MH2019PTC333078 |
To see the full group structure of Saarthi Airways Private Limited, buy the company report.
Employees & EPFO
Saarthi Airways Private Limited has a workforce of 34 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 34 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 |
To see the full employee and EPFO history of Saarthi Airways Private Limited, buy the company report.
GST
Saarthi Airways has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAICS8558A1Z7 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saarthi Airways Private Limited, buy the company report.
Recent activity
Saarthi Airways Private Limited has 4 board changes on record since 2004: 3 appointments and 1 cessation. The latest: Gulab Singh Tanwar was appointed as Director on 30 Sep 2011.
10 earlier events are in the company report.
Frequently asked questions
Saarthi Airways is an active private limited company based in Jaipur, Rajasthan, India. The company works in air charter and private aviation, within the transport and logistics industry. It was incorporated on 06 May 2004 (22+ years old) and is registered under CIN U63013RJ2004PTC019254.
Saarthi Airways has 3 current directors:
- Anirudh Tanwar - Director
- Jyoti Kumari Tanwar - Director
- Gulab Singh Tanwar - Director
The latest financial statements of Saarthi Airways on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Saarthi Airways is 07AAICS8558A1Z7, registered in Delhi.
The CIN (Corporate Identification Number) of Saarthi Airways is U63013RJ2004PTC019254. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saarthi Airways has 11 court cases on record: 1 filed by the company and 10 filed against it. 2 are pending. Most are in the district courts.
Saarthi Airways was incorporated on 06 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Jaipur.
Saarthi Airways has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹9.99 Cr; the latest was in January 2021.
The peers of Saarthi Airways by revenue are Chipsan Aviation Private Limited, Mytri Aviation Private Limited, Poonawalla Aviation Private Limited, all in the Aviation industry (Charter Services, Film and Content Production), with the same principal business activity (air transport).
Gulab Singh Tanwar was appointed as Director on 30 Sep 2011. Gulab Singh Tanwar ceased to be Director on 03 Dec 2010. Anirudh Tanwar was appointed as Director on 06 May 2004. Saarthi Airways has 4 board changes on record in total.
Saarthi Airways can be reached through the website saarthiairways.com. Its registered office is in Jaipur, Rajasthan, India.
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