About Sovika Aviation Services Private Limited
Data last updated:
Sovika Aviation Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the air cargo services and logistics segment of the transport and logistics sector. It was incorporated on 01 November 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74910MH2007PTC175582. Its GSTIN is 27AALCS3724K1ZZ (Maharashtra). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Sohan Chotalal Mehta and Ashok Kumar Golechha (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 16 December 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 607 Dynasty Business Park A Wing Andheri Kurla Road J B Nagar, Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2023, the company reported a revenue of ₹11.19 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹6.46 Cr (net margin 57.7%) and EBITDA of ₹6.94 Cr (EBITDA margin 62%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years and 45% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹109.64 Cr and satisfied charges of ₹288.12 Cr on record. Court records list 22 cases involving the company, including 6 filed by the company and 13 filed against it; 9 cases are pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹9.99 Cr; the latest was in March 2017. Its 10 peer companies in the Transport and Logistics industry (Air Cargo) are compared by revenue, 5 larger and 5 smaller; the largest is Goochu Global Logistics Private Limited with revenue of ₹15.34 Cr.
The last known website on record is sovikagroup.com.
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- Registered Address607 Dynasty Business Park A Wing Andheri Kurla Road J B Nagar, Mumbai, Maharashtra, India – 400059
- IndustryTransport and Logistics, Air Cargo Services & Logistics
- 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 Sovika Aviation Services Private Limited
The main business activity of Sovika Aviation Services is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | 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 Sovika Aviation Services Private Limited FY 2023 filings available
Sovika Aviation Services Private Limited reported revenue of ₹11.19 Cr (up 223% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Sovika Aviation Services Private Limited
Revenue rose 223% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 45%. EBITDA rose 128% 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 Sovika Aviation Services Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹11.19 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹6.94 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.46 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 Sovika Aviation Services Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 62% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 57.7% | •••• | •••• | •••• | •••• |
| 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 Sovika Aviation 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 Sovika Aviation Services Private Limited
Sovika Aviation Services Private Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Air Cargo). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Goochu Global Logistics Private Limited | ₹15.34 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | New Delhi, Delhi, India |
| United Helicharters Private Limited | ₹13.97 Cr (FY 2025) | •••• | •••• | 517.0% | •••• | Mumbai, Maharashtra, India |
| Ashben Sourcing and Logistics Private Limited | ₹13.02 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
| Sharaf Cargo Private Limited | ₹12.89 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Mumbai, Maharashtra, India |
| Vaayu Logistics Private Limited | ₹11.42 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Kolkata, West Bengal, India |
| Sovika Aviation Services Private Limited this company | ₹11.19 Cr (FY 2023) | •••• | •••• | 223.0% | •••• | Mumbai, Maharashtra, India |
| Index Global Supply Chain Private Limited | ₹10.09 Cr (FY 2025) | •••• | •••• | •••• | Indore, Madhya Pradesh, India | |
| Condor Air Services Private Limited | ₹9.41 Cr (FY 2024) | •••• | •••• | 72.0% | •••• | New Delhi, Delhi, India |
| M and C Aviation India Private Limited | ₹9.35 Cr (FY 2024) | •••• | •••• | 113.0% | •••• | Bangalore North, Karnataka, India |
| Carex Cargo Express Private Limited | ₹9.06 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | New Delhi, Delhi, India |
| Allied Aviation International Private Limited | ₹8.89 Cr (FY 2024) | •••• | •••• | -40.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Sovika Aviation Services by revenue in the Transport and Logistics industry (Air Cargo), 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 Sovika Aviation Services Private Limited
Sovika Aviation Services Private Limited is audited by P C Ghadiali And Co Llp for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P C Ghadiali And Co Llp | 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 Sovika Aviation Services Private Limited
Sovika Aviation Services has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sohan Chotalal Mehta Also directs: Sovika Chemicals Private Limited, Sovika Airline Services Limited, Sahil Real Estate Private Limited and 4 more | Director | 18 Nov 2015 | 10 Years 10 Months | As last reported |
| Ashok Kumar Golechha | Irp/Rp/Liquidator | 27 Mar 2024 | 2 Years 6 Months | As last reported |
| Shirish Khushalchand Desai Also directs: Golden Aviation Services LLP, Sovika Chemicals Private Limited, Technova Remedies (India) Private Limited and 2 more | Director | 01 Nov 2007 | 18 Years 11 Months | As last reported |
Ownership and Shareholding of Sovika Aviation Services Private Limited
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 Sovika Aviation Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Sep 2020 | Others | ₹40.47 Lakh | Open |
| 24 Jul 2020 | Others | ₹70 Lakh | Open |
| 05 Jan 2018 | Others | ₹30 Cr | Open |
| 06 May 2016 | Others | ₹19.99 Lakh | Open |
| 11 Apr 2016 | Others | ₹9 Lakh | Open |
Total charge records: 28 View all charges
Deals & Funding of Sovika Aviation Services Private Limited
Sovika Aviation Services Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹9.99 Cr; the latest was in March 2017.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Mar 2015 | Funding round | ₹5.24 Cr | Investors: Sovika Chemicals Private Limited , Aircrew Technical Services Private Limited , 2 individuals |
| Jul 2012 | Funding round | ₹3 Cr | Investors: Sahil Real Estate Private Limited , Aircrew Technical Services Private Limited , 2 individuals |
| Dec 2008 | Funding round | ₹1.75 Cr | Investors: Sovika Airline Services Limited , Aircrew Technical Services Private Limited , Sovika Chemicals Private Limited |
Full deal history
All 4 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 Sovika Aviation Services Private Limited
Sovika Aviation Services Private Limited has 22 court cases on record: 6 filed by Sovika Aviation Services, 13 filed against it, 3 where it is another party. 9 cases are pending and 13 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 9 | 4 |
| High courts | 7 | 0 | 3 |
| NCLAT | 4 | 4 | 2 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by J. P. Aviation Services Private Limited | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Tata Sia Airlines Limited | Pending |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by Go Airlines (India) Limited | Pending |
| Bombay High Court | Commercial suit | Filed by the company against Go Airlines (India) Limited | Pending |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by Aroon Aviation Services Private Limited | Disposed |
Full case history
All 22 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.
Employees and EPFO Compliance at Sovika Aviation Services Private Limited
Sovika Aviation Services Private Limited has a workforce of 3 employees as of Apr 29, 2024.
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.
Recent Activity on Sovika Aviation Services Private Limited
Sovika Aviation Services Private Limited has 8 board changes on record since 2007: 3 appointments and 5 cessations. The latest: Ashok Kumar Golechha was appointed as Irp/Rp/Liquidator on 27 Mar 2024.
38 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sovika Aviation Services Private Limited
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 Sovika Aviation Services Private Limited
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 Sovika Aviation Services Private Limited
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 Sovika Aviation Services Private Limited
Sovika Aviation Services has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCS3724K1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 01AALCS3724K1ZD | Jammu and Kashmir | Active | 24 Aug 2017 |
| 07AALCS3724K1Z1 | Delhi | Active | 24 Aug 2017 |
| 21AALCS3724K1ZB | Odisha | Active | 25 Aug 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 Sovika Aviation Services Private Limited
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 Sovika Aviation Services Private Limited
Sovika Aviation Services is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Sovika Aviation Services is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in air cargo services and logistics, within the transport and logistics industry. It was incorporated on 01 November 2007 and is registered under CIN U74910MH2007PTC175582. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sovika Aviation Services reported revenue of ₹11.19 Cr for FY 2023 (up 223% YoY).
Sovika Aviation Services has 3 current directors:
- Sohan Chotalal Mehta - Director
- Shirish Khushalchand Desai - Director
- Ashok Kumar Golechha - Irp/Rp/Liquidator
Sovika Aviation Services reported a net profit of ₹6.46 Cr (net margin 57.7%) and EBITDA of ₹6.94 Cr (EBITDA margin 62%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sovika Aviation Services is -45% over three years and -45% over five years. In the latest year (FY 2023) revenue rose 223%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Sovika Aviation Services is U74910MH2007PTC175582. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sovika Aviation Services has open charges of ₹109.64 Cr and satisfied charges of ₹288.12 Cr as per latest MCA filings.
Sovika Aviation Services has 22 court cases on record: 6 filed by the company and 13 filed against it. 9 are pending. Most are in the district courts.
Sovika Aviation Services was incorporated on 01 November 2007. It is registered with the Registrar of Companies, Mumbai.
Sovika Aviation Services has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹9.99 Cr; the latest was in March 2017.