About SNV Aviation Private Limited
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SNV Aviation Private Limited 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 24 November 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63013MH2020PTC350653. Its GSTIN is 27ABECS9580P1ZC (Maharashtra). The company holds 32 GST registrations, of which 24 are active.
The company has an authorised share capital of ₹171.5 Cr and a paid-up capital of ₹164.83 Cr. It is led by directors including Vinay Dube and Sanjay Dube.
Its last annual general meeting (AGM) was held on 09 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,635.68 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net loss of ₹1,983.47 Cr (net margin -42.8%) and EBITDA of -₹1,057.01 Cr (EBITDA margin -22.8%).
The company has about 4,618 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Akasa Air. As per MCA filings, the company has open charges of ₹529.5 Cr on record. Court records list 83 cases involving the company, including 52 filed by the company and 32 filed against it; 57 cases are pending. The company has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 debt financing), with disclosed funding of ₹1,601.14 Cr; the latest was in August 2025. Its 6 peer companies in the Aviation industry (Air Passenger Services), with the same principal business activity (air transport) are compared by revenue, 4 larger and 2 smaller; the largest is Air India Limited with revenue of ₹78,636 Cr. The company has 4 MSME Form 1 returns on record between 2023 and 2024, listing 313 overdue payments to 104 micro and small suppliers.
For more details, the company can be reached via its website akasaair.com.
Company details
Contact details
SNV Aviation Private Limited's registered office is in Mumbai, Maharashtra. Its website is akasaair.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address12th Floor Urmi Estate 95 Ganpatrao Kadam Marg Lower Parel (We, St), Mumbai, Maharashtra, India – 400013
- IndustryTransport and Logistics, Air Transport Services
To see the full contact details of SNV Aviation 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
SNV Aviation operates one associated brand: Akasa Air. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Passenger airline services are provided across domestic routes in India. | akasaair.com |
Business activity
The main business activity of SNV Aviation 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 SNV Aviation Private Limited, buy the company report.
Financials of SNV Aviation Private Limited
FY 2025 filings availableSNV Aviation Private Limited reported revenue of ₹4,635.68 Cr (up 47% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 47% in the latest 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 | -₹1,057.01 Cr | ||||
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| Net Profit (PAT) | -₹1,983.47 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -22.8% | ||||
| Net Profit Margin | -42.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of SNV Aviation Private Limited, buy the company report.
Board of directors and KMP of SNV Aviation Private Limited
SNV Aviation Private Limited currently reports 7 directors and 1 key managerial person. 3 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinay Dube | Director | 24 Nov 2020 | 5 Years 11 Months | Current |
| Sanjay Dube Also directs: Datacolada India Private Limited | Director | 24 Nov 2020 | 5 Years 11 Months | Current |
| Amit Goela Also directs: Inventurus Knowledge Solutions Limited, Va Tech Wabag Limited, Aptech Limited and 4 more | Nominee Director | 15 May 2023 | 3 Years 5 Months | Current |
| Ankur Goel | Cfo | 29 Nov 2021 | 4 Years 10 Months | Current |
| Utpal Hemendra Sheth Also directs: Chanakya Value Creation LLP, Zen Superstructure LLP, Relativity Investment Advisors LLP and 5 more | Nominee Director | 15 May 2023 | 3 Years 5 Months | Current |
| Umesh Devendrakumar Agrawal Also directs: Coreel Technologies (India) Private Limited | Nominee Director | 23 Dec 2025 | 0 Years 10 Months | Current |
Peer comparison
SNV Aviation Private Limited is compared with the 6 companies closest to it by revenue in the Aviation industry (Air Passenger 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 |
|---|---|---|---|---|---|---|
| Air India Limited | ₹78,636 Cr (FY 2025) | 16.0% | Haryana, India | |||
| Jet Airways (India) Limited | ₹25,177 Cr (FY 2018) | 4.0% | Mumbai, Maharashtra, India | |||
| Spicejet Limited | ₹6,768.26 Cr (FY 2025) | -21.0% | New Delhi, Delhi, India | |||
| Aix Connect Private Limited | ₹5,476.4 Cr (FY 2024) | 26.0% | Gurugram, Haryana, India | |||
| SNV Aviation Private Limitedthis company | ₹4,635.68 Cr (FY 2025) | -₹1,983.47 Cr | -42.8% | 47.0% | 4,618 | Mumbai, Maharashtra, India |
| Go Airlines (India) Limited | ₹4,351.68 Cr (FY 2022) | 87.0% | Delhi, India | |||
| Jet Lite (India) Limited | ₹1,318.03 Cr (FY 2018) | 6.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of SNV Aviation Private Limited, buy the company report.
Shareholding
The shareholding of SNV Aviation Private Limited is on record for 4 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of SNV Aviation Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jan 2026 | 101238114 | Others | ₹100 Cr | Open | |
| 29 Sep 2023 | 100798827 | Canara Bank | ₹250 Cr | Open | |
| 12 Apr 2023 | 100713216 | Axis Bank Limited | ₹99.5 Cr | Open | |
| 26 Oct 2022 | 100641200 | Standard Chartered Bank | ₹80 Cr | Open |
To see the full charge records of SNV Aviation Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
SNV Aviation Private Limited has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 debt financing), with disclosed funding of ₹1,601.14 Cr; the latest was in August 2025.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2025 | Funding round | ₹1,211.14 Cr | Investors: Premjiinvest, 360 ONE (IIFL Asset Management), Minosha India Limited , an individual |
| Aug 2021 | Funding round | ₹50 Cr | Investors: 2 individuals |
| Jul 2021 | Debt financing | ₹15 Cr | Investors: an individual |
| May 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| May 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of SNV Aviation 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
SNV Aviation Private Limited has 83 court cases on record: 52 filed by SNV Aviation, 32 filed against it. 57 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 59 | 23 | 36 |
| High courts | 24 | 9 | 21 |
Cases on record (5 of 83)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed against the company by SNV Aviation Pvt Ltd Pranay Kumar Battu Ma 637/2026 | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed by the company against SNV Aviation Pvt Ltd | Pending |
| High Court of Delhi | Commercial suit | Filed by the company against Alaska Aviation Academy Private Limited and Others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed against the company | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed against the company by an individual | Pending |
To see the full case history of SNV Aviation 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
SNV Aviation Private Limited has 4 MSME Form 1 returns on record between 2023 and 2024, listing 313 overdue payments to 104 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 104)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Current Krafters | |||
| an individual supplier | |||
| an individual supplier | |||
| Layap Hgnis Apparels Pvt Ltd | |||
| an individual supplier |
To see the full MSME payment records of SNV Aviation Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
SNV Aviation has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Wingworld Ground Services Private Limited | U52243MH2023PTC398485 |
To see the full group structure of SNV Aviation Private Limited, buy the company report.
Employees & EPFO
SNV Aviation Private Limited has a workforce of 4,618 employees on its EPFO records as of Dec 15, 2025, across 1 active EPFO establishment.
GST
SNV Aviation has 32 GST registrations: 24 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABECS9580P1ZC | Maharashtra | Active | 13 Jan 2021 |
| 27ABECS9580P2ZB | Maharashtra | Active | 01 Aug 2022 |
| 06ABECS9580P1ZG | Haryana | Active | 01 Jun 2022 |
| 29ABECS9580P1Z8 | Karnataka | Active | 15 Jun 2022 |
To see the full GST registrations and return filing status of SNV Aviation Private Limited, buy the company report.
Recent activity
SNV Aviation Private Limited has 10 board changes on record since 2020: 9 appointments and 1 cessation. The latest: Umesh Devendrakumar Agrawal was appointed as Nominee Director on 23 Dec 2025.
8 earlier events are in the company report.
News
Frequently asked questions
SNV Aviation 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 24 November 2020 (6+ years old) and is registered under CIN U63013MH2020PTC350653.
SNV Aviation has 8 current directors and KMP:
- Vinay Dube - Director
- Sanjay Dube - Director
- Amit Goela - Nominee Director
- Utpal Hemendra Sheth - Nominee Director
- Umesh Devendrakumar Agrawal - Nominee Director
- Paul Michael Oddy Jr - Nominee Director
- Aditya Ghosh - Director
- Ankur Goel - Cfo
The latest financial statements of SNV Aviation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 09 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of SNV Aviation is 27ABECS9580P1ZC, registered in Maharashtra. The company has 32 GST registrations in all, of which 24 are active and 8 are cancelled or inactive. Other active GSTINs include 27ABECS9580P2ZB (Maharashtra), 06ABECS9580P1ZG (Haryana), 29ABECS9580P1Z8 (Karnataka).
The CIN (Corporate Identification Number) of SNV Aviation is U63013MH2020PTC350653. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SNV Aviation has 83 court cases on record: 52 filed by the company and 32 filed against it. 57 are pending. Most are in the district courts.
SNV Aviation was incorporated on 24 November 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
SNV Aviation has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 debt financing), with disclosed funding of ₹1,601.14 Cr; the latest was in August 2025.
The peers of SNV Aviation by revenue are Air India Limited, Jet Airways (India) Limited, Spicejet Limited, Aix Connect Private Limited, Go Airlines (India) Limited and 1 more, all in the Aviation industry (Air Passenger Services), with the same principal business activity (air transport).
Umesh Devendrakumar Agrawal was appointed as Nominee Director on 23 Dec 2025. Shonali Dube ceased to be Director on 22 May 2023. Aditya Ghosh was appointed as Director on 15 May 2023. SNV Aviation has 10 board changes on record in total.
SNV Aviation has 4 MSME Form 1 returns on record between 2023 and 2024, listing 313 overdue payments to 104 micro and small suppliers. The latest return was filed on 30 Apr 2024.
SNV Aviation can be reached through the website akasaair.com. Its registered office is in Mumbai, Maharashtra, India.