About Tata Sia Airlines Limited
Data last updated:
Tata Sia Airlines Limited was a public limited company based in Gurgaon, Haryana, India, operated as a subsidiary of Tata Sons Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the air transport services segment of the transport and logistics sector. It was incorporated on 05 November 2013.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U62200HR2013PLC111543. Its GSTIN is 06AAECT8346F1Z8 (Haryana). The company held 34 GST registrations, of which 25 are active.
The company had an authorised share capital of ₹12,000 Cr and a paid-up capital of ₹10,020 Cr. It was led by directors including Lik Hsin Lee and Bhaskar Bhat.
Its last annual general meeting (AGM) was held on 23 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Gurgaon, Haryana.
As per the financials filed for FY 2022, the company reported a revenue of ₹5,520 Cr, a growth of 102% compared to the previous year. For the same year it recorded a net loss of ₹2,031.49 Cr (net margin -36.8%) and EBITDA of -₹558.42 Cr (EBITDA margin -10.1%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 31% over five years.
The company had about 6,233 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Vistara. As per MCA filings, the company had satisfied charges of ₹921.97 Cr on record. Court records list 104 cases involving the company, including 32 filed by the company and 72 filed against it; 35 cases are pending. The company has 8 deals on record (7 rights issues, 1 funding round), with disclosed funding of ₹49.95 Cr; the latest was in February 2022. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 200 overdue payments to 53 micro and small suppliers.
The last known website on record is airvistara.com.
Company details
CIN history
Tata Sia Airlines has one previous CIN (Corporate Identification Number): U62200DL2013PLC259904. The current CIN is U62200HR2013PLC111543, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62200HR2013PLC111543 | Current |
| U62200DL2013PLC259904 | Previous |
Contact details
Tata Sia Airlines Limited's registered office is in Gurgaon, Haryana. Its website is airvistara.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressIntellion Edge Tower A 9th And 10th Sector – 72 Gurugram, India, Gurgaon, Haryana, India – 122101
- IndustryTransport and Logistics, Air Transport Services
To see the full contact details of Tata Sia Airlines 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
Tata Sia Airlines operates one associated brand: Vistara. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Passenger airline services are operated across India by Vistara. | airvistara.com |
Financials of Tata Sia Airlines Limited
FY 2024 filings availableTata Sia Airlines Limited reported revenue of ₹5,520 Cr (up 102% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 102% growth 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5,520 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹558.42 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2,031.49 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.1% | ||||
| Net Profit Margin | -36.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Tata Sia Airlines Limited, buy the company report.
Board of directors and KMP of Tata Sia Airlines Limited
Tata Sia Airlines Limited currently reports 4 directors and 1 key managerial person. 12 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lik Hsin Lee | Director | 10 Jun 2020 | 6 Years 5 Months | As last reported |
| Bhaskar Bhat | Director | 14 Jan 2016 | 10 Years 9 Months | As last reported |
| Padmanabhan Sankaranarayanan | Director | 13 Sep 2018 | 8 Years 1 Months | As last reported |
| Niyant Rohit Maru | Cfo | 10 Jun 2014 | 12 Years 5 Months | As last reported |
| Alice Geevarghese Vaidyan Also directs: Geojit Financial Services Limited, Tata Investment Corporation Limited, Tejas Networks Limited and 5 more | Director | 24 Mar 2024 | 2 Years 7 Months | As last reported |
Auditor
Tata Sia Airlines Limited is audited by DELOITTE HASKINS & SELLS for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS | FY 2022 | 015125N |
Shareholding
The shareholding of Tata Sia Airlines 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 Tata Sia Airlines Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Apr 2021 | 100437546 | Others | ₹270.13 Cr | Satisfied | |
| 08 May 2019 | 100264548 | Others | ₹7.5 Cr | Satisfied | |
| 16 Nov 2017 | 100146286 | Others | ₹319.29 Cr | Satisfied | |
| 16 Nov 2017 | 100146289 | Others | ₹325.05 Cr | Satisfied |
To see the full charge records of Tata Sia Airlines Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Tata Sia Airlines Limited has 8 deals on record (7 rights issues, 1 funding round), with disclosed funding of ₹49.95 Cr; the latest was in February 2022.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Rights issue | ₹1,150 Cr | Investors: Tata Sons Private Limited , Singapore Airlines Ltd |
| Jul 2020 | Rights issue | ₹3,050 Cr | Investors: Tata Sons Private Limited , Singapore Airlines Ltd |
| Apr 2019 | Rights issue | ₹2,000 Cr | Investors: Tata Sons Private Limited , Singapore Airlines Ltd |
| Nov 2017 | Rights issue | ₹2,600 Cr | Investors: Tata Sons Private Limited , Singapore Airlines Ltd, Tata Sons Private Limited & F.n. Subedar |
| Aug 2016 | Rights issue | ₹600 Cr | Investors: Tata Sons Private Limited , Singapore Airlines Ltd |
To see the full deal history of Tata Sia Airlines 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
Tata Sia Airlines Limited has 104 court cases on record: 32 filed by Tata Sia Airlines, 72 filed against it. 35 cases are pending and 69 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 66 | 50 | 24 |
| High courts | 32 | 17 | 8 |
| Supreme Court | 5 | 5 | 3 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 104)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against M/S Sovika Aviation Services Pvt Ltd and 3 others | Pending |
| High Court of Delhi | Commercial suit | Filed by the company against Vistara Media Private Limited | Pending |
| High Court, HARYANA | Criminal miscellaneous application | Filed against the company by Sovika Aviation Services Pvt Ltd and 3 others | Disposed |
| District court, West, Delhi | Execution petition | Filed against the company by Yes Bank Ltd | Disposed |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed by the company against Vistara Home Appliances Private Limited and 1 other | Disposed |
To see the full case history of Tata Sia Airlines 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
Tata Sia Airlines Limited was last rated by Icra on 07 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Apr 2022 |
To see the full credit ratings and regulatory alerts of Tata Sia Airlines Limited, buy the company report.
MSME payment delays
Tata Sia Airlines Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 200 overdue payments to 53 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 53)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| M/S Pushkara Garden | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| C.R.Hospitality Private Limited |
To see the full MSME payment records of Tata Sia Airlines Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Tata Sia Airlines Limited has a workforce of 6,233 employees on its EPFO records as of Nov 2024, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2024-25 | 6,233 |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Tata Sia Airlines Limited, buy the company report.
GST
Tata Sia Airlines has 34 GST registrations: 25 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAECT8346F1Z8 | Haryana | Active | 01 Jul 2017 |
| 04AAECT8346F1ZC | Chandigarh | Active | 01 Jul 2017 |
| 07AAECT8346F1Z6 | Delhi | Active | 01 Jul 2017 |
| 09AAECT8346F5ZY | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tata Sia Airlines Limited, buy the company report.
Recent activity
Tata Sia Airlines Limited has 16 board changes on record since 2013: 5 appointments and 11 cessations. The latest: Alice Geevarghese Vaidyan ceased to be Additional Director on 22 Aug 2024.
15 earlier events are in the company report.
News
Frequently asked questions
Tata Sia Airlines has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Tata Sia Airlines was a public limited company based in Gurgaon, Haryana, India. The company worked in air transport services, within the transport and logistics industry. It was incorporated on 05 November 2013 and is registered under CIN U62200HR2013PLC111543. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Tata Sia Airlines was incorporated on 05 November 2013. It is registered with the Registrar of Companies, Delhi.
Tata Sia Airlines had 5 directors and KMP:
- Lik Hsin Lee - Director
- Bhaskar Bhat - Director
- Padmanabhan Sankaranarayanan - Director
- Alice Geevarghese Vaidyan - Director
- Niyant Rohit Maru - Cfo
The CIN (Corporate Identification Number) of Tata Sia Airlines is U62200HR2013PLC111543. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Tata Sia Airlines is at Intellion Edge Tower A 9th And 10th Sector – 72 Gurugram, India, Gurgaon, Haryana, India – 122101.
Tata Sia Airlines can be reached through the website airvistara.com. Its registered office is in Gurgaon, Haryana, India.
The latest financial statements of Tata Sia Airlines on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 23 August 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Tata Sia Airlines is 06AAECT8346F1Z8, registered in Haryana. The company has 34 GST registrations in all, of which 25 are active and 9 are cancelled or inactive. Other active GSTINs include 04AAECT8346F1ZC (Chandigarh), 07AAECT8346F1Z6 (Delhi), 09AAECT8346F5ZY (Uttar Pradesh).
Tata Sia Airlines operated in the transport and logistics industry, in the air transport services segment.
Tata Sia Airlines has 8 deals on record (7 rights issues, 1 funding round), with disclosed funding of ₹49.95 Cr; the latest was in February 2022.
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