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 16 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 5 peer companies in the Transport and Logistics industry (Air Cargo), with the same principal business activity (services incidental to land, water & air transportation) are compared by revenue, 2 larger and 3 smaller; the largest is Goochu Global Logistics Private Limited with revenue of ₹15.34 Cr.
The last known website on record is sovikagroup.com.
Company details
Contact details
Sovika Aviation Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is sovikagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address607 Dynasty Business Park A Wing Andheri Kurla Road J B Nagar, Mumbai, Maharashtra, India – 400059
- IndustryTransport and Logistics, Air Cargo Services & Logistics
To see the full contact details of Sovika Aviation Services 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 Sovika Aviation Services is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
Financials of Sovika Aviation Services Private Limited
FY 2023 filings availableSovika Aviation Services Private Limited reported revenue of ₹11.19 Cr (up 223% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
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
| 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 | |||||
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| Inventories | |||||
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Financial Ratios
| 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) | |||||
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| Receivable Days | |||||
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| Inventory Days | |||||
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To see the full financial statements and ratios of Sovika Aviation Services Private Limited, buy the company report.
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 11 Months | As last reported |
| Ashok Kumar Golechha | Irp/Rp/Liquidator | 27 Mar 2024 | 2 Years 7 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 |
Peer comparison
Sovika Aviation Services Private Limited is compared with the 5 companies closest to it by revenue in the Transport and Logistics industry (Air Cargo), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company.
| 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 | |||
| Sharaf Cargo Private Limited | ₹12.89 Cr (FY 2025) | 29.0% | Mumbai, Maharashtra, India | |||
| Sovika Aviation Services Private Limitedthis company | ₹11.19 Cr (FY 2023) | ₹6.46 Cr | 57.7% | 223.0% | 3 | Mumbai, Maharashtra, India |
| Condor Air Services Private Limited | ₹9.41 Cr (FY 2024) | 72.0% | New Delhi, Delhi, 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 |
To see the full peer comparison of Sovika Aviation Services Private Limited, buy the company report.
Auditor
Sovika Aviation Services Private Limited is audited by P C Ghadiali And Co Llp for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P C Ghadiali And Co Llp | FY 2023 | 103132W/W-100037 |
Shareholding
The shareholding of Sovika Aviation Services 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sovika Aviation Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Sep 2020 | 100380808 | Others | ₹40.47 Lakh | Open | |
| 24 Jul 2020 | 100358457 | Others | ₹70 Lakh | Open | |
| 05 Jan 2018 | 100159846 | Others | ₹30 Cr | Open | |
| 06 May 2016 | 100031064 | Others | ₹19.99 Lakh | Open | |
| 11 Apr 2016 | 100031066 | Others | ₹9 Lakh | Open |
To see the full charge records of Sovika Aviation Services Private Limited, buy the company report.
Total charge records: 28 View all charges
Deals & funding
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sovika Aviation Services Private Limited has 22 court cases on record: 6 filed by Sovika Aviation Services, 16 filed against it. 9 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 11 | 4 |
| High courts | 7 | 1 | 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 Pvt Ltd | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Tata Sia Airlines Ltd | Pending |
| NCLAT, 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) Ltd. | Pending |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by Aroon Aviation Services Pvt Ltd | Disposed |
To see the full case history of Sovika Aviation Services 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.
Credit ratings & regulatory alerts
Sovika Aviation Services Private Limited was last rated by Crisil on 04 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 04 Nov 2020 |
To see the full credit ratings and regulatory alerts of Sovika Aviation Services Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sovika Aviation Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sovika Aviation Services Private Limited has a workforce of 3 employees on its EPFO records as of Apr 29, 2024, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Sovika Aviation Services Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 3 current directors:
- Sohan Chotalal Mehta - Director
- Shirish Khushalchand Desai - Director
- Ashok Kumar Golechha - Irp/Rp/Liquidator
The latest financial statements of Sovika Aviation Services on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 16 December 2023. Year-wise statements from 2015 are in the company report.
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 16 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.
The peers of Sovika Aviation Services by revenue are Goochu Global Logistics Private Limited, Sharaf Cargo Private Limited, Condor Air Services Private Limited, Carex Cargo Express Private Limited, Allied Aviation International Private Limited, all in the Transport and Logistics industry (Air Cargo), with the same principal business activity (services incidental to land, water & air transportation).
Ashok Kumar Golechha was appointed as Irp/Rp/Liquidator on 27 Mar 2024. Sandeep Vipinchandra Maniar ceased to be Director on 25 Mar 2019. Sohan Chotalal Mehta ceased to be Additional Director on 30 Sep 2016. Sovika Aviation Services has 8 board changes on record in total.
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