About Sapphire Airlines Private Limited
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Sapphire Airlines Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Everbest Consultancy Services Private Limited. It operates in the air charter and private aviation segment of the transport and logistics sector. It was incorporated on 29 May 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U62200MH2007PTC171191. Its GSTIN is 27AAMCS2862H1Z0 (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Sreenivas Krishnan (Manager) and Manoj Kumar Mohta.
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 Jindal Mansion 5A Dr. G. Deshmukh Marg, Mumbai, Maharashtra, India – 400026.
As per the financials filed for FY 2025, the company reported a revenue of ₹191.27 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹64.72 Lakh (net margin 0.3%) and EBITDA of ₹112.86 Cr (EBITDA margin 59%).
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹585.7 Cr and satisfied charges of ₹65 Cr on record. The company has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹1.99 Cr; the latest was in December 2021. Its 3 peer companies in the Aviation industry (Charter Services), with the same principal business activity (air transport) are compared by revenue, 2 larger and 1 smaller; the largest is Mab Aviation Private Limited with revenue of ₹244.12 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 jsw.in.
Company details
Contact details
Sapphire Airlines Private Limited's registered office is in Mumbai, Maharashtra. Its website is jsw.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressJindal Mansion 5A Dr. G. Deshmukh Marg, Mumbai, Maharashtra, India – 400026
- IndustryTransport and Logistics, Air Charter & Private Aviation
To see the full contact details of Sapphire Airlines 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
Business activity
The main business activity of Sapphire Airlines 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 Sapphire Airlines Private Limited, buy the company report.
Financials of Sapphire Airlines Private Limited
FY 2024 filings availableSapphire Airlines Private Limited reported revenue of ₹191.27 Cr (up 757% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 757% in the latest year. EBITDA rose 980% 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 | ₹112.86 Cr | ||||
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| Net Profit (PAT) | ₹64.72 Lakh | ||||
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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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| EBITDA Margin | 59% | ||||
| Net Profit Margin | 0.3% | ||||
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To see the full financial statements and ratios of Sapphire Airlines Private Limited, buy the company report.
Board of directors of Sapphire Airlines Private Limited
Sapphire Airlines has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sreenivas Krishnan | Manager | 08 Nov 2019 | 6 Years 11 Months | Current |
| Manoj Kumar Mohta | Director | 03 Jun 2022 | 4 Years 4 Months | Current |
| Sadashiv Mahadeo Patil Also directs: Tiny Tastes LLP, Art India Publishing Company Private Limited, Cliff Developers Private Limited and 5 more | Director | 15 Jan 2021 | 5 Years 9 Months | Current |
Peer comparison
Sapphire Airlines Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Mab Aviation Private Limited | ₹244.12 Cr (FY 2025) | 429.0% | Mumbai, Maharashtra, India | |||
| Redbird Airways Private Limited | ₹227.87 Cr (FY 2025) | 114.0% | New Delhi, Delhi, India | |||
| Sapphire Airlines Private Limitedthis company | ₹191.27 Cr (FY 2025) | ₹64.72 Lakh | 0.3% | 757.0% | 9 | Mumbai, Maharashtra, India |
| Sky One Airways Private Limited | ₹155.88 Cr (FY 2025) | 66.0% | New Delhi, Delhi, India |
To see the full peer comparison of Sapphire Airlines Private Limited, buy the company report.
Auditor
Sapphire Airlines Private Limited is audited by SHAH GUPTA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH GUPTA & CO | FY 2023 | 109574W |
Shareholding
The shareholding of Sapphire Airlines 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) | |||||
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| Others |
To see the full shareholding pattern of Sapphire Airlines Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2025 | 101089520 | Others | ₹45.7 Cr | Open | |
| 19 Mar 2025 | 101079665 | Others | ₹115 Cr | Open | |
| 19 Mar 2025 | 101079663 | Axis Bank Limited | ₹300 Cr | Open | |
| 19 Mar 2025 | 101078183 | Others | ₹125 Cr | Open | |
| 30 Dec 2021 | 100521005 | Others | ₹65 Cr | Satisfied |
To see the full charge records of Sapphire Airlines Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Sapphire Airlines Private Limited has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹1.99 Cr; the latest was in December 2021.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Rights issue | ₹3 Cr | Investors: Everbest Consultancy Services Private Limited |
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: Everbest Consultancy Services Private Limited , Everbest Consultancy Services Private Limited & Sriram KSN Seller: JSW Investments Private Limited , Jsw Investments Private Limited & Balwant Ranka |
| Sep 2011 | Funding round | ₹1.99 Cr | Investors: JSW Investments Private Limited |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: JSW Investments Private Limited , Jsw Investments Private Limited & Balwant Ranka Seller: JSW Global Business Solutions Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Sapphire Airlines Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Sapphire Airlines Private Limited was last rated by Care on 31 Jul 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 31 Jul 2026 |
To see the full credit ratings and regulatory alerts of Sapphire Airlines Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sapphire Airlines Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sapphire Airlines Private Limited has a workforce of 9 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Sapphire Airlines has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCS2862H1Z0 | Maharashtra | Active | 14 May 2021 |
To see the full GST registrations and return filing status of Sapphire Airlines Private Limited, buy the company report.
Recent activity
Sapphire Airlines Private Limited has 10 board changes on record since 2011: 3 appointments and 7 cessations. The latest: Manoj Kumar Mohta was appointed as Director on 03 Jun 2022.
8 earlier events are in the company report.
Frequently asked questions
Sapphire Airlines is an active private limited company based in Mumbai, Maharashtra, India. The company works in air charter and private aviation, within the transport and logistics industry. It was incorporated on 29 May 2007 (19+ years old) and is registered under CIN U62200MH2007PTC171191.
Sapphire Airlines has 3 current directors:
- Manoj Kumar Mohta - Director
- Sadashiv Mahadeo Patil - Director
- Sreenivas Krishnan - Manager
The latest financial statements of Sapphire Airlines 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 Sapphire Airlines is 27AAMCS2862H1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sapphire Airlines is U62200MH2007PTC171191. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sapphire Airlines was incorporated on 29 May 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Sapphire Airlines has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹1.99 Cr; the latest was in December 2021.
The peers of Sapphire Airlines by revenue are Mab Aviation Private Limited, Redbird Airways Private Limited, Sky One Airways Private Limited, all in the Aviation industry (Charter Services), with the same principal business activity (air transport).
Manoj Kumar Mohta was appointed as Director on 03 Jun 2022. Nirmal Kumar Jain ceased to be Director on 15 Jan 2021. Sadashiv Mahadeo Patil was appointed as Director on 15 Jan 2021. Sapphire Airlines has 10 board changes on record in total.
Sapphire Airlines can be reached through the website jsw.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Sapphire Airlines is at Jindal Mansion 5A Dr. G. Deshmukh Marg, Mumbai, Maharashtra, India – 400026.