About Skyways Air Services Ltd
Data last updated:
Skyways Air Services Ltd is a public limited company based in New Delhi, Delhi, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 21 December 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1984PLC019666. Its GSTIN is 07AABCS3895B1ZE (Delhi). The company holds 13 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹162 Cr and a paid-up capital of ₹116.45 Cr. It is led by directors including Yash Pal Sharma (Managing Director) and Tarun Sharma (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Rz 128 – 129A Mahipalpur Extension NH – 8, New Delhi, Delhi, India – 110037.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,270.99 Cr, a growth of 72% compared to the previous year. For the same year it recorded a net profit of ₹48.12 Cr (net margin 2.1%) and EBITDA of ₹109.66 Cr (EBITDA margin 4.8%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 27% over five years.
The company has about 207 employees on its provident fund (EPFO) records. Its group structure includes 11 subsidiaries.
The company is associated with 1 brand: Skyways Group. As per MCA filings, the company has open charges of ₹562.03 Cr and satisfied charges of ₹196.2 Cr on record. Court records list 58 cases involving the company, including 45 filed by the company and 11 filed against it; 13 cases are pending. The company has 8 deals on record (3 funding rounds, 2 secondary share transfers, 2 market trades), with disclosed funding of ₹124.01 Cr; the latest was in September 2026. Its 10 peer companies in the Transport and Logistics industry (Diversified Logistics) are compared by revenue, 5 larger and 5 smaller; the largest is Saraogi Udyog Private Limited with revenue of ₹2,604.55 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 skyways-group.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressRz 128 – 129A Mahipalpur Extension NH – 8, New Delhi, Delhi, India – 110037
- IndustryTransport and Logistics, Integrated & Diversified Logistics 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 Skyways Air Services Ltd
The main business activity of Skyways Air Services 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 Skyways Air Services Ltd FY 2024 filings available
Skyways Air Services Ltd reported revenue of ₹2,270.99 Cr (up 72% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Skyways Air Services Ltd
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 72% growth in the latest year. EBITDA rose 44% 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 Skyways Air Services Ltd
| 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 | ₹109.66 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹48.12 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 Skyways Air Services Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.1% | •••• | •••• | •••• | •••• |
| 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 Skyways Air Services 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 Skyways Air Services Ltd
Skyways Air Services Ltd is compared with the companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Saraogi Udyog Private Limited | ₹2,604.55 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Kolkata, West Bengal, India |
| Balmer Lawrie and Company Limited Listed | ₹2,565.66 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Kolkata, West Bengal, India |
| Samsung Data Systems India Private Limited | ₹2,546.17 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Delhi, India |
| Refex Industries Limited Listed | ₹2,518.02 Cr (FY 2025) | •••• | •••• | 80.0% | •••• | Chennai, Tamil Nadu, India |
| Sindhu Trade Links Limited Listed | ₹2,292.7 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | New Delhi, Delhi, India |
| Skyways Air Services Ltd this company | ₹2,270.99 Cr (FY 2025) | •••• | •••• | 72.0% | •••• | New Delhi, Delhi, India |
| Indev Infra Private Limited | ₹2,181.26 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Chennai, Tamil Nadu, India |
| Shiny Shipping & Logistics Private Limited | ₹2,046.84 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | Mumbai, Maharashtra, India |
| Apm Terminals India Private Limited | ₹1,981.09 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Mumbai, Maharashtra, India |
| South-West Mining Limited | ₹1,978.8 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Toranagallu, Karnataka, India |
| Team Global Logistics Private Limited | ₹1,806.32 Cr (FY 2025) | •••• | •••• | 49.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Skyways Air Services by revenue in the Transport and Logistics industry (Diversified Logistics), 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 Skyways Air Services Ltd
Skyways Air Services Ltd is audited by BHAGI BHARDWAJ GAUR @ CO. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BHAGI BHARDWAJ GAUR @ CO. | 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 Skyways Air Services Ltd
Skyways Air Services has 10 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tarun Sharma Also directs: Rahat Continental Private Limited, Forin Container Line Private Limited, Odyssey Logistics Private Limited and 5 more | Whole-Time Director | 14 Feb 2013 | 13 Years 7 Months | Current |
| Rohit Sehgal Also directs: Forin Container Line Private Limited, Brace Port Logistics Limited, Surgeport Logistics Private Limited and 5 more | Whole-Time Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Himanshu Chhabra Also directs: Rahat Continental Private Limited, Forin Container Line Private Limited, Odyssey Logistics Private Limited and 5 more | Whole-Time Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Subir Bikas Mitra Also directs: Insolation Energy Limited, JSV Innovations Private Limited | Director | 31 May 2025 | 1 Years 4 Months | Current |
| Rajiv Gul Hariramani | Whole-Time Director | 07 Dec 2022 | 3 Years 10 Months | Current |
| Ranjit Kumar Pachnanda Also directs: Emami Paper Mills Limited, Apeejay Surrendra Park Hotels Limited | Director | 31 May 2025 | 1 Years 4 Months | Current |
Ownership and Shareholding of Skyways Air Services 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 Skyways Air Services Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Jun 2025 | Others | ₹30 Cr | Open |
| 29 Apr 2025 | Others | ₹45 Cr | Open |
| 27 Mar 2025 | Others | ₹50 Cr | Open |
| 11 Mar 2025 | Hdfc Bank Limited | ₹71.83 Lakh | Open |
| 26 Feb 2025 | Hdfc Bank Limited | ₹12.6 Cr | Open |
Total charge records: 47 View all charges
Deals & Funding of Skyways Air Services Ltd
Skyways Air Services Ltd has 8 deals on record (3 funding rounds, 2 secondary share transfers, 2 market trades), with disclosed funding of ₹124.01 Cr; the latest was in September 2026.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | Market trade | ₹10.36 Cr | Buyer: Irage Broking Services LLP Seller: Irage Broking Services LLP |
| Sep 2026 | Market trade | ₹9.64 Cr | Buyer: Irage Broking Services LLP Seller: Irage Broking Services LLP |
| Aug 2026 | IPO | ₹582.8 Cr | Investors: Indusland General Insurance, LRSD Securities, Shine Star Build-Cap Private Limited Seller: 4 individuals |
| Aug 2025 | Funding round | ₹48.23 Cr | Investors: Finavenue Capital Trust Finavenue Growth Fund, CCV Emerging Opportunities Fund 1, 2 individuals |
| Jan 2025 | Funding round | ₹68.55 Cr | Investors: Saint Capital Fund, Gmsra Infracon Private Limited , Global Securities Private Limited |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Skyways Air Services Ltd
Skyways Air Services Ltd has 58 court cases on record: 45 filed by Skyways Air Services, 11 filed against it, 2 where it is another party. 13 cases are pending and 45 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 50 | 4 | 12 |
| High courts | 7 | 6 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 58)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed by the company against Boston Matrix Logistics Private Limited | Pending |
| District court, West, Delhi | Commercial suit | Filed by the company against Space Freight Solutions Private Limited | Pending |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed by the company against Genworks Health Private Limited | Pending |
| District court, BENGALURU RURAL, Karnataka | Execution petition | Filed by the company against Kimberlite Chemicals (India) Private Limited | Pending |
| High Court of Delhi | Appeal | Filed by the company against Aerofly Freight Movers Private Limited | Pending |
Full case history
All 58 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.
Associated Brands with Skyways Air Services Ltd
Skyways Air Services operates one associated brand: Skyways Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides air freight, ocean freight, contract logistics, and warehousing services worldwide. | skyways-group.com |
Employees and EPFO Compliance at Skyways Air Services Ltd
Skyways Air Services Ltd has a workforce of 207 employees as of Dec 02, 2025.
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.
Group Structure of Skyways Air Services Ltd
Skyways Air Services has 11 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Rahat Continental Private Limited | U60210HR1999PTC055940 | Locked |
| Forin Container Line Private Limited | U63000DL2021PTC377266 | Locked |
| Brace Port Logistics Limited | U63030DL2020PLC372878 | Locked |
| Skyways Sls Logistik Private Limited | U63030DL2020PTC362667 | Locked |
| Northport Logistics Private Limited | U63030DL2021PTC379867 | Locked |
| Hubload Sls Services Private Limited | U63030DL2021PTC379891 | Locked |
Showing major subsidiaries. Total: 11.
CIN History of Skyways Air Services Ltd
Skyways Air Services has one previous CIN (Corporate Identification Number): U74899DL1984PTC019666. The current CIN is U74899DL1984PLC019666, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899DL1984PLC019666 | Current |
| U74899DL1984PTC019666 | Previous |
News related to Skyways Air Services Ltd
Recent Activity on Skyways Air Services Ltd
Skyways Air Services Ltd has 16 board changes on record since 1995: 10 appointments and 6 cessations. The latest: Rajni was appointed as Director on 31 May 2025.
102 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Skyways Air Services 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 Skyways Air Services 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 Skyways Air Services 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 Skyways Air Services Ltd
Skyways Air Services has 13 GST registrations: 11 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCS3895B1ZE | Delhi | Active | 01 Jul 2017 |
| 07AABCS3895B2ZD | Delhi | Active | 30 Jun 2025 |
| 19AABCS3895B1Z9 | West Bengal | Active | 01 Jul 2017 |
| 24AABCS3895B1ZI | Gujarat | Active | 01 Jul 2017 |
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 Skyways Air Services 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 Skyways Air Services Ltd
Skyways Air Services is an active public limited company based in New Delhi, Delhi, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 21 December 1984 (42+ years old) and is registered under CIN U74899DL1984PLC019666.
Skyways Air Services reported revenue of ₹2,270.99 Cr for FY 2025 (up 72% YoY).
Skyways Air Services has 10 current directors:
- Yash Pal Sharma - Managing Director
- Tarun Sharma - Whole-Time Director
- Rohit Sehgal - Whole-Time Director
- Himanshu Chhabra - Whole-Time Director
- Rajiv Gul Hariramani - Whole-Time Director
- Subir Bikas Mitra - Director
- Ranjit Kumar Pachnanda - Director
- Santosh Ramanuj - Director
- Rajni - Director
- Rupinder Kaur - Director
Skyways Air Services reported a net profit of ₹48.12 Cr (net margin 2.1%) and EBITDA of ₹109.66 Cr (EBITDA margin 4.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Skyways Air Services is 11% over three years and 27% over five years. In the latest year (FY 2025) revenue rose 72%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Skyways Air Services is 07AABCS3895B1ZE, registered in Delhi. The company has 13 GST registrations in all, of which 11 are active and 2 are cancelled or inactive. Other active GSTINs include 07AABCS3895B2ZD (Delhi), 19AABCS3895B1Z9 (West Bengal), 24AABCS3895B1ZI (Gujarat).
The CIN (Corporate Identification Number) of Skyways Air Services is U74899DL1984PLC019666. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Skyways Air Services has 58 court cases on record: 45 filed by the company and 11 filed against it. 13 are pending. Most are in the district courts.
Skyways Air Services was incorporated on 21 December 1984, making it 42+ years old. It is registered with the Registrar of Companies, Delhi.
Skyways Air Services has 8 deals on record (3 funding rounds, 2 secondary share transfers, 2 market trades), with disclosed funding of ₹124.01 Cr; the latest was in September 2026.
The peers of Skyways Air Services by revenue are Saraogi Udyog Private Limited, Balmer Lawrie and Company Limited, Samsung Data Systems India Private Limited, Refex Industries Limited, Sindhu Trade Links Limited and 5 more, all in the Transport and Logistics industry (Diversified Logistics).