About Taj Air Limited
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Taj Air Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Tata Sons Private Limited. It operates in the air charter and private aviation segment of the transport and logistics sector. It was incorporated on 08 July 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63013MH1993PLC072760. Its GSTIN is 27AAACM3005A1ZB (Maharashtra).
The company has an authorised share capital of ₹936 Cr and a paid-up capital of ₹385.19 Cr. It was formerly known as Megapode Airlines Limited. It is led by directors including Manjira Khurana and Girish Girdharilal Valecha.
Its last annual general meeting (AGM) was held on 31 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mandlik Housemandlik Road, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹72.88 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹17.67 Cr (net margin 24.2%) and EBITDA of ₹35.85 Cr (EBITDA margin 49.2%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 9% over five years.
The company has about 53 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Taj Air. As per MCA filings, the company has satisfied charges of ₹389.85 Cr on record. Court records list 9 cases involving the company, including 8 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tajair-tata.aero.
Company details
Contact details
Taj Air Limited's registered office is in Mumbai, Maharashtra. Its website is tajair-tata.aero. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMandlik Housemandlik Road, Mumbai, Maharashtra, India – 400001
- IndustryTransport and Logistics, Air Charter & Private Aviation
To see the full contact details of Taj Air 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
Taj Air operates one associated brand: Taj Air. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Exclusive air charter services in India, associated with the Tata group. | tajair-tata.aero |
Business activity
The main business activity of Taj Air is transport and storage. In detail, this covers air transport and services incidental to land, water & air transportation. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H4 | Air transport | |
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Taj Air Limited, buy the company report.
Financials of Taj Air Limited
FY 2025 filings availableTaj Air Limited reported revenue of ₹72.88 Cr (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 18% growth in the latest year. EBITDA rose 17% 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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| Total Expenses | |||||
| EBITDA | ₹35.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.67 Cr | ||||
| Balance Sheet | |||||
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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 | 49.2% | ||||
| Net Profit Margin | 24.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Taj Air Limited, buy the company report.
Board of directors of Taj Air Limited
Taj Air has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manjira Khurana Also directs: Webcom India Private Limited | Director | 16 Mar 2016 | 10 Years 7 Months | Current |
| Girish Girdharilal Valecha Also directs: Niskalp Infrastructure Services Limited | Director | 29 Sep 2017 | 9 Years 1 Months | Current |
| Mehernosh Sorab Kapadia Also directs: Advanced Veterinary Care Foundation | Director | 13 Jun 2003 | 23 Years 4 Months | Current |
| Eruch Noshir Kapadia Also directs: Agratas Energy Storage Solutions Private Limited, Akashastha Technologies Private Limited, Tata Industries Limited and 5 more | Director | 06 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
Taj Air Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| GMR Aviation Private Limited | ₹83.95 Cr (FY 2025) | 13.0% | New Delhi, Delhi, India | |||
| Charlie Foxtrot Aviation Services Private Limited | ₹82.38 Cr (FY 2025) | 1079.0% | New Delhi, Delhi, India | |||
| Volark Leasing Ifsc Private Limited | ₹75.19 Cr (FY 2024) | 167.0% | Gift, Gujarat, India | |||
| Deccan Charters Private Limited | ₹74.05 Cr (FY 2023) | 10.0% | Bangalore, Karnataka, India | |||
| Taj Air Limitedthis company | ₹72.88 Cr (FY 2025) | ₹17.67 Cr | 24.2% | 18.0% | 53 | Mumbai, Maharashtra, India |
| Windborne Aviation Private Limited | ₹66.18 Cr (FY 2024) | 168.0% | Delhi, India | |||
| Global Aviation Services Private Limited | ₹66.09 Cr (FY 2025) | 124.0% | Mumbai, Maharashtra, India | |||
| Span Air Private Limited. | ₹59.44 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India |
To see the full peer comparison of Taj Air Limited, buy the company report.
Auditor
Taj Air Limited is audited by M A Parikh Shah & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M A Parikh Shah & Associates LLP | FY 2023 | 107556W |
Shareholding
The shareholding of Taj Air 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 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Taj Air Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jul 2015 | 10584939 | Tata Capital Financial Services Limited | ₹35 Cr | Satisfied | |
| 12 Sep 2011 | 10305865 | Ge Capital Services India | ₹35.85 Cr | Satisfied | |
| 25 May 2009 | 10160958 | Tata Capital Limited | ₹30 Cr | Satisfied | |
| 23 Jan 2009 | 10139064 | The Bank of Nova Scotia Asia Limited (Acting on Behalf of Itself and Standard Chartered Bank) | ₹110 Cr | Satisfied | |
| 16 Jan 2009 | 10139651 | The Bank of Nova Scotia Asia Limited(Acting on Behalf of Itself and Standard Chartered Bank) | ₹110 Cr | Satisfied |
To see the full charge records of Taj Air Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Taj Air Limited has 9 court cases on record: 8 filed by Taj Air, 1 filed against it. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 1 | 1 |
| District courts | 2 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by an individual | Pending |
| Bombay High Court | Arbitration matter | Filed by the company against an individual | Disposed |
| High Court, MAHARASHTRA | Arbitration matter | Filed by the company against an individual | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (Review Appln.) | Filed by the company against Municipal Corporation of Greater Mumbai and 1 other | Disposed |
To see the full case history of Taj Air 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
Taj Air Limited has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Aurea Aviation Private Limited |
To see the full MSME payment records of Taj Air Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Taj Air Limited has a workforce of 53 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Taj Air has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM3005A1ZB | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Taj Air Limited, buy the company report.
Recent activity
Taj Air Limited has 22 board changes on record since 1999: 13 appointments and 9 cessations. The latest: Eruch Noshir Kapadia was appointed as Director on 06 Oct 2025.
26 earlier events are in the company report.
Frequently asked questions
Taj Air is an active public 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 08 July 1993 (33+ years old) and is registered under CIN U63013MH1993PLC072760.
Taj Air has 4 current directors:
- Manjira Khurana - Director
- Girish Girdharilal Valecha - Director
- Mehernosh Sorab Kapadia - Director
- Eruch Noshir Kapadia - Director
The latest financial statements of Taj Air on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Taj Air is 27AAACM3005A1ZB, registered in Maharashtra.
The CIN (Corporate Identification Number) of Taj Air is U63013MH1993PLC072760. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Taj Air has 9 court cases on record: 8 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Taj Air was incorporated on 08 July 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Taj Air by revenue are GMR Aviation Private Limited, Charlie Foxtrot Aviation Services Private Limited, Volark Leasing Ifsc Private Limited, Deccan Charters Private Limited, Windborne Aviation Private Limited and 2 more, all in the Aviation industry (Charter Services), with the same principal business activity (air transport).
Eruch Noshir Kapadia was appointed as Director on 06 Oct 2025. Phillie Dara Karkaria ceased to be Director on 06 Nov 2023. Amulya Charan ceased to be Director on 21 Sep 2023. Taj Air has 22 board changes on record in total.
Taj Air has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 28 Oct 2020.
Taj Air can be reached through the website tajair-tata.aero. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Taj Air is at Mandlik Housemandlik Road, Mumbai, Maharashtra, India – 400001.
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