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AIX CONNECT PRIVATE LIMITED

Amalgamated
Updated: 24 Oct 2024

The company provides passenger air transportation services.

Aix Connect Private Limited, was an unlisted private company incorporated on 28 March, 2013. It is classified as a private limited company and is located in , Haryana. It's authorized share capital was INR 10,000.00 cr and the total paid-up capital was INR 4,195.00 cr.

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Industry

Transport and Storage
Products
  • ROKKI Wi-Fi, Entertainment, Inflight meals, Seat options, AirAsia Travel Protection, Duty free and merchandise, Red Carpet
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
20.87%
₹ 5,210.2
EBITDA
-
₹ -472.0
Net Profit
-
₹ -1,149.1
Networth
-
₹ -5,302.5
Borrowings
25.37%
₹ 3,936.7
Assets
-37.13%
₹ 2,120.5
Gross Margin
0.18
99.1 %
Operating Margin
31.57
-9.1 %
Net Profit Margin
42.09
-21.0 %
Return on Equity
-
- %
ROCE
-93.62
22.1 %
Debt to Equity
0.02
-0.7
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (1)
State Type Address

location icon Locations on Map

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Tofler Score

Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • VERY LOW INTEREST COVERAGE
Moderate Risk
  • LOSS MAKING
  • CASH DETERIORATING
Low Risk
  • HIGH INVENTORY
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 3,682.9 1,358.7 1,887.7 4,310.4 5,210.2
Operating profit -282.4 -787.3 -1,257.3 -1,751.5 -472.0
Net profit -782.3 -1,532.3 -2,178.6 -2,750.5 -1,149.1
Gross margin 100.0 100.0 100.0 98.9 99.1
Operating margin -7.7 -58.0 -66.6 -40.6 -9.1
Net margin -20.2 -103.3 -113.8 -63.1 -21.0
Networth -649.8 -1,930.1 -3,349.3 -4,153.2 -5,302.5
Borrowings 550.0 1,494.9 2,668.5 3,140.2 3,936.7
Assets 4,200.2 3,708.3 3,705.4 3,372.8 2,120.5
Debt to equity -0.8 -0.8 -0.8 -0.8 -0.7
Current ratio 0.5 0.3 0.2 0.2 0.1
ROE - - - - -
Days payable - - - 5,238.0 7,517.0
WC days -120.0 -567.0 -511.0 -357.0 -376.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1,500.0 1,500.0 1,500.0 4,195.0 4,195.0
Reserves -2,149.8 -3,430.1 -4,849.3 -8,348.2 -9,497.5
Borrowings + 550.0 1,494.9 2,668.5 3,140.2 3,936.7
Long term borrowings - 256.3 1,128.0 - -
Short term borrowings 550.0 1,238.6 1,540.5 3,140.2 3,936.7
Trade payables + 644.4 860.6 595.8 662.1 957.0
Days payable - - - 5,238.0 7,517.0
Other liabilities + 4,300.0 4,143.5 4,386.2 4,385.9 3,486.3
Other non-current liabilities 2,579.1 2,472.1 2,518.4 2,474.5 1,223.7
Other current liabilities 1,076.5 810.9 1,272.0 1,249.3 1,305.5
Total liabilities 4,200.2 3,708.3 3,705.4 3,372.8 2,120.5
Fixed Assets + 2,902.5 2,701.9 2,662.7 2,241.5 1,009.8
Tangible assets 2,902.3 2,692.3 2,655.1 2,235.9 1,007.3
CWIP - 8.4 - - -
Intangible assets 0.2 1.2 7.6 5.7 2.5
LT loans and advances 186.9 142.7 - - -
Other non-current assets 48.9 62.7 276.0 300.0 281.6
Current assets + 1,062.0 801.0 766.7 831.3 829.1
Inventories 47.9 44.7 58.2 60.1 63.9
Trade receivables 333.9 219.6 189.8 40.4 114.6
Cash and cash equivalents 301.4 225.2 258.1 341.7 134.8
ST loans and advances 3.0 30.8 - - -
Other current assets 375.7 280.8 260.6 389.2 515.7
Total assets 4,200.2 3,708.3 3,705.4 3,372.8 2,120.5
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 3,682.9 1,358.7 1,887.7 4,310.4 5,210.2
Sales growth % 46.63 -63.11 38.93 128.34 20.87
Expenses + 4,646.9 3,015.0 4,092.1 7,111.7 6,625.5
Cost of goods - - - 46.1 46.5
Employee cost 550.3 387.2 389.9 542.3 611.3
Other costs 3,415.1 1,758.8 2,755.2 5,473.5 5,024.4
Operating profit + -282.4 -787.3 -1,257.3 -1,751.5 -472.0
Operating margin % -7.7 -58.0 -66.6 -40.6 -9.1
Other income 181.7 124.0 25.8 50.8 266.2
Interest 182.1 271.4 406.2 512.1 453.2
Depreciation 499.4 597.6 540.9 537.6 490.2
Exceptional items - - - - -
Profit before tax -782.3 -1,532.3 -2,178.6 -2,750.5 -1,149.1
Tax - - - - -
Profit - disc. ops - - - - -
Net profit -782.3 -1,532.3 -2,178.6 -2,750.5 -1,149.1
Net margin % -20.2 -103.3 -113.8 -63.1 -21.0
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Revenue from operations

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity -0.8 -0.8 -0.8 -0.8 -0.7
Net Debt/Equity -0.4 -0.7 -0.7 -0.7 -0.7
Total Debt/Assets 0.1 0.4 0.7 0.9 1.9
Total Assets/Equity -6.5 -1.9 -1.1 -0.8 -0.4
Liquidity +
Current Ratio 0.5 0.3 0.2 0.2 0.1
Quick Ratio 0.5 0.3 0.2 0.1 0.1
Interest Coverage -1.6 -2.9 -3.1 -3.4 -1.0
Performance
Gross Margin 100.0 100.0 100.0 98.9 99.1
Operating Margin -7.7 -58.0 -66.6 -40.6 -9.1
Net Margin -20.2 -103.3 -113.8 -63.1 -21.0
Return +
Return on Equity - - - - -
Pre-tax ROCE -46.2 -233.6 -8,530.5 115.7 22.1
Return on Assets -18.6 -41.3 -58.8 -81.5 -54.2
Pre-tax ROIC 194.9 209.7 191.5 169.0 64.1
Efficiency +
Days Payable - - - 5,238.0 7,517.0
Days Inventory - - - 476.0 502.0
Days Receivable 33.0 59.0 37.0 3.0 8.0
Fixed Asset Turnover 1.3 0.5 0.7 1.9 5.2
Total Asset Turnover 0.9 0.4 0.5 1.3 2.5
Working Capital
Cash Conversion Cycle 33.0 59.0 37.0 -4,759.0 -7,007.0
Working Capital Days -120.0 -567.0 -511.0 -357.0 -376.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

People

Designation Name DIN/PAN Tenure
Additional Director Prathivadibhayankara Rajagopalan Ramesh 01915274 2 years
Additional Director Alice Geevarghese Vaidyan 07394437 2 years
Managing Director Aloke Singh 07491378 2 years
Additional Director Nipun Aggarwal 08094159 2 years
Additional Director Campbell David Mcgregor Wilson 09612044 2 years
CS Mahalakshmi Sathiayan <HIDDEN> 9 years
CFO Vikas Agarwal <HIDDEN> 5 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
Amalgamated
370.3 Cr 1 Maharashtra
THE CLEARING CORPORATION OF INDIA LIMITED
Active
50.0 Cr 1 Maharashtra
FORUM FOR INDIAN ACCOUNTING RESEARCH
Active
0.0 1 Telangana
ITC HOTELS LIMITED
Active
83.0 Cr 1 West Bengal
LARSEN AND TOUBRO LIMITED
Active
274.9 Cr 1 Maharashtra
CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED
Active
128.7 Cr 1 Maharashtra
AIR INDIA LIMITED
Active
35,360.2 Cr 3 Haryana
NSE INVESTMENTS LIMITED
Active
826.0 Cr 1 Maharashtra
AIR INDIA EXPRESS LIMITED
Active
1,017.1 Cr 6 Haryana
NESTLE INDIA LIMITED
Active
96.4 Cr 1 Delhi
TEJAS NETWORKS LIMITED
Active
171.3 Cr 2 Karnataka
CIPLA LIMITED
Active
161.5 Cr 1 Maharashtra
GEOJIT FINANCIAL SERVICES LIMITED
Active
23.9 Cr 1 Kerala
SAANKHYA LABS PRIVATE LIMITED
Active
9.7 Cr 1 Karnataka
UNION ASSET MANAGEMENT COMPANY PRIVATE LIMITED
Active
262.5 Cr 1 Maharashtra
TATA SIA AIRLINES LIMITED
Active
10,020.0 Cr 1 Haryana
TATA AIA LIFE INSURANCE COMPANY LIMITED
Active
4,533.5 Cr 1 Maharashtra
TATA AIG GENERAL INSURANCE COMPANY LIMITED
Active
995.1 Cr 1 Maharashtra
SIGMA SOLVE LIMITED
Active
3.0 Cr 1 Gujarat
AIR INDIA SATS AIRPORT SERVICES PRIVATE LIMITED
Active
234.8 Cr 1 Delhi
TALACE PRIVATE LIMITED
Active
5,483.2 Cr 1 Haryana

Registered Details

CIN

U62200HR2013PTC113301

PAN

AALCA4699P

Incorporation

2013, 12.1 years

Company Email

mahalakshmis@airindiaexpress.com

Paid up Capital

₹ 4,195.0 Cr

Authorised Capital

₹ 10,000.0 Cr

AGM

Aug 2024

Type

Private
Non-government Company

FAQ - AIX CONNECT PRIVATE LIMITED

What is the incorporation date of AIX CONNECT PRIVATE LIMITED?

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The incorporation date of AIX CONNECT PRIVATE LIMITED is 28 March, 2013

What is the authorized share capital of AIX CONNECT PRIVATE LIMITED?

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The authorized share capital of AIX CONNECT PRIVATE LIMITED is INR ₹ 10,000.0 Cr.

What is the paid-up capital of AIX CONNECT PRIVATE LIMITED?

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The paid-up capital of AIX CONNECT PRIVATE LIMITED is INR ₹ 4,195.0 Cr.

What is the registered address of AIX CONNECT PRIVATE LIMITED?

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The registered address of AIX CONNECT PRIVATE LIMITED is Block-4, Vatika One on One Sector-16, NH-48 Industrial Estate (Gurgaon) Industrial Estate Gurgaon Haryana - 122007

What is the CIN number of AIX CONNECT PRIVATE LIMITED?

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The CIN number of AIX CONNECT PRIVATE LIMITED is U62200HR2013PTC113301.

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