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Snv Aviation
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Registered Details

SNV AVIATION PRIVATE LIMITED

Active

Updated: 10 Apr 2025

Snv Aviation Private Limited, also popularly known as Akasa Air, is an unlisted private company incorporated on 24 November, 2020. It is classified as a private limited company and is located in , . It's authorized share capital is INR 113.50 cr and the total paid-up capital is INR 113.26 cr.

Snv Aviation's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2024.

Industry

Supporting and auxiliary transport activities, activities of travel agencies

Products

, Air transport

Key Metrics

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

Sales

339.35%

₹ 3,069.6

EBITDA

₹ -978.8

Net Profit

₹ -1,670.1

Networth

₹ -2,009.8

Borrowings

₹ -

Assets

0.48%

₹ 5,068.9

Gross Margin

-0.18

100.0 %

Operating Margin

47.52

-31.9 %

Net Profit Margin

42.61

-53.1 %

Return on Equity

- %

ROCE

-20.58

-37.2 %

Debt to Equity

0.0

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (1)

State	Type	Address

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Tofler Score

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Risk

Severe Risk

VERY LOW INTEREST COVERAGE

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LOSS MAKING
LOW ROCE
CASH DETERIORATING

Low Risk

No risks identified

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.

Financial Highlights

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	-	-	698.7	3,069.6
Operating profit	-0.7	-32.0	-554.8	-978.8
Net profit	-0.5	-30.2	-744.5	-1,670.1
Gross margin	-	-	100.2	100.0
Operating margin	-	-	-79.4	-31.9
Net margin	-	-1,255.1	-95.7	-53.1
Networth	-0.5	346.3	-381.7	-2,009.8
Borrowings	0.8	-	-	-
Assets	0.3	359.9	5,044.8	5,068.9
Debt to equity	-1.5	0.0	0.0	0.0
Current ratio	0.1	22.8	2.2	0.8
ROE	-	-8.7	-	-
Days payable	-	-	-47,021.0	-210,535.0
WC days	-	-	468.0	-25.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	-	113.3	113.3	113.3
Reserves	-0.5	233.0	-494.9	-2,123.0
Borrowings +	0.8	-	-	-
Long term borrowings	-	-	-	-
Short term borrowings	0.8	-	-	-
Trade payables +	-	3.1	173.0	241.7
Days payable	-	-	-47,021.0	-210,535.0
Other liabilities +	-	13.6	5,426.5	7,078.7
Other non-current liabilities	-	3.6	4,665.9	5,941.8
Other current liabilities	-	6.9	587.6	895.2
Total liabilities	0.3	359.9	5,044.8	5,068.9
Fixed Assets +	-	6.4	3,215.5	3,811.7
Tangible assets	-	4.1	3,200.3	3,802.1
CWIP	-	2.3	-	-
Intangible assets	-	-	15.1	9.6
LT loans and advances	-	-	-	-
Other non-current assets	0.2	126.1	172.2	331.1
Current assets +	0.1	227.4	1,657.1	926.1
Inventories	-	-	13.4	33.5
Trade receivables	-	-	3.6	12.0
Cash and cash equivalents	0.1	0.6	55.2	311.0
ST loans and advances	-	-	-	-
Other current assets	-	226.8	1,585.0	569.6
Total assets	0.3	359.9	5,044.8	5,068.9

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	3.24	31.47	2.24	2.23
Reserves	-174.11	64.75	-9.81	-41.88
Borrowings +	258.9	0.0	0.0	0.0
Long term borrowings	0.0	0.0	0.0	0.0
Short term borrowings	258.9	0.0	0.0	0.0
Trade payables	2.59	0.85	3.43	4.77
Other liabilities +	11.97	3.78	107.57	139.65
Other non-current liabilities	0.0	1.01	92.49	117.22
Other current liabilities	9.39	1.92	11.65	17.66
Total liabilities
Fixed Assets +	0.0	1.79	63.74	75.2
Tangible assets	0.0	1.15	63.44	75.01
CWIP	0.0	0.64	0.0	0.0
Intangible assets	0.0	0.0	0.3	0.19
LT loans and advances	0.0	0.0	0.0	0.0
Other non-current assets	61.17	35.03	3.41	6.53
Current assets +	38.83	63.18	32.85	18.27
Inventories	0.0	0.0	0.26	0.66
Trade receivables	0.0	0.0	0.07	0.24
Cash and cash equivalents	38.19	0.16	1.09	6.14
ST loans and advances	0.0	0.0	0.0	0.0
Other current assets	0.65	63.02	31.42	11.24
Total assets

	Mar 2023	Mar 2024
Equity Capital	113.3	113.3
Reserves	-494.9	-2,123.1
Borrowings +	-	-
Long term borrowings	-	-
Short term borrowings	-	-
Trade payables +	173.0	241.7
Days payable	-47,021.0	-210,561.0
Other liabilities +	5,426.5	7,078.7
Other non-current liabilities	4,660.0	5,941.8
Other current liabilities	593.5	895.2
Total liabilities	5,044.8	5,068.9
Fixed Assets +	3,215.5	3,811.7
Tangible assets	3,200.3	3,802.1
CWIP	-	-
Intangible assets	15.2	9.6
LT loans and advances	-	-
Other non-current assets	172.2	331.0
Current assets +	1,657.1	926.1
Inventories	13.4	33.5
Trade receivables	3.6	12.0
Cash and cash equivalents	55.2	311.1
ST loans and advances	-	-
Other current assets	1,585.0	569.6
Total assets	5,044.8	5,068.9

Percentage of assets	Mar 2023	Mar 2024
Equity Capital	2.24	2.23
Reserves	-9.81	-41.89
Borrowings +	0.0	0.0
Long term borrowings	0.0	0.0
Short term borrowings	0.0	0.0
Trade payables	3.43	4.77
Other liabilities +	107.57	139.65
Other non-current liabilities	92.37	117.22
Other current liabilities	11.76	17.66
Total liabilities
Fixed Assets +	63.74	75.2
Tangible assets	63.44	75.01
CWIP	0.0	0.0
Intangible assets	0.3	0.19
LT loans and advances	0.0	0.0
Other non-current assets	3.41	6.53
Current assets +	32.85	18.27
Inventories	0.26	0.66
Trade receivables	0.07	0.24
Cash and cash equivalents	1.09	6.14
ST loans and advances	0.0	0.0
Other current assets	31.42	11.24
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	-	-	698.7	3,069.6
Sales growth %	None	None	None	339.35
Expenses +	0.7	32.6	1,522.3	4,814.4
Cost of goods	-	-	-1.3	-0.4
Employee cost	0.2	24.1	232.4	774.9
Other costs	0.5	8.0	1,022.4	3,273.9
Operating profit +	-0.7	-32.0	-554.8	-978.8
Operating margin %	-	-	-79.4	-31.9
Other income	-	2.4	79.2	74.8
Interest	-	0.2	141.2	406.1
Depreciation	-	0.4	127.6	359.9
Exceptional items	-	-	-	-
Profit before tax	-0.7	-30.2	-744.4	-1,670.1
Tax	-0.2	-	0.1	-
Profit - disc. ops	-	-	-	-
Net profit	-0.5	-30.2	-744.5	-1,670.1
Net margin %	-	-1,255.1	-95.7	-53.1

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	None	0.0	89.82	97.62
Expenses +	None	1355.13	195.7	153.11
Cost of goods	None	0.0	-0.17	-0.01
Employee cost	None	999.17	29.88	24.64
Other costs	None	330.66	131.44	104.12
Operating profit	None	-1329.83	-71.33	-31.13
Other income	None	100.0	10.18	2.38
Interest	None	9.26	18.15	12.92
Depreciation	None	16.04	16.4	11.45
Exceptional items	None	0.0	0.0	0.0
Profit before tax	None	-1255.13	-95.7	-53.11
Tax	None	0.0	0.01	0.0
Profit - disc. ops	None	0.0	0.0	0.0
Net profit	None	-1255.13	-95.72	-53.11

	Mar 2023	Mar 2024
Sales +	698.7	3,069.6
Sales growth %	None	339.35
Expenses +	1,522.3	4,814.5
Cost of goods	-1.3	-0.4
Employee cost	232.4	774.9
Other costs	1,022.4	3,274.0
Operating profit +	-554.8	-978.9
Operating margin %	-79.4	-31.9
Other income	79.2	74.8
Interest	141.2	406.1
Depreciation	127.6	359.9
Exceptional items	-	-
Profit before tax	-744.4	-1,670.1
Tax	0.1	-
Profit - disc. ops	-	-
Net profit	-744.5	-1,670.1
Net margin %	-95.7	-53.1

Precentage of total income	Mar 2023	Mar 2024
Sales	89.82	97.62
Expenses +	195.7	153.11
Cost of goods	-0.17	-0.01
Employee cost	29.88	24.64
Other costs	131.44	104.12
Operating profit	-71.33	-31.13
Other income	10.18	2.38
Interest	18.15	12.92
Depreciation	16.4	11.45
Exceptional items	0.0	0.0
Profit before tax	-95.7	-53.11
Tax	0.01	0.0
Profit - disc. ops	0.0	0.0
Net profit	-95.72	-53.11

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	-1.5	0.0	0.0	0.0
Net Debt/Equity	-1.3	0.0	0.0	0.0
Total Debt/Assets	2.6	0.0	0.0	0.0
Total Assets/Equity	-0.6	1.0	-13.2	-2.5
Liquidity +
Current Ratio	0.1	22.8	2.2	0.8
Quick Ratio	0.1	22.8	2.2	0.8
Interest Coverage	-59.6	-143.5	-3.9	-2.4
Performance
Gross Margin	-	-	100.2	100.0
Operating Margin	-	-	-79.4	-31.9
Net Margin	-	-1,255.1	-95.7	-53.1
Return +
Return on Equity	-	-8.7	-	-
Pre-tax ROCE	99.7	-14.5	-16.6	-37.2
Return on Assets	-174.1	-8.4	-14.8	-33.0
Pre-tax ROIC	-464.3	-9.4	178.8	66.6
Efficiency +
Days Payable	-	-	-47,021.0	-210,535.0
Days Inventory	-	-	-3,629.0	-29,171.0
Days Receivable	0.0	0.0	2.0	1.0
Fixed Asset Turnover	-	0.0	0.2	0.8
Total Asset Turnover	0.0	0.0	0.1	0.6
Working Capital
Cash Conversion Cycle	0.0	0.0	43,394.0	181,365.0
Working Capital Days	-	-	468.0	-25.0

	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.0
Net Debt/Equity	0.0	0.0
Total Debt/Assets	0.0	0.0
Total Assets/Equity	-13.2	-2.5
Liquidity +
Current Ratio	2.2	0.8
Quick Ratio	2.1	0.8
Interest Coverage	-3.9	-2.4
Performance
Gross Margin	100.2	100.0
Operating Margin	-79.4	-31.9
Net Margin	-95.7	-53.1
Return +
Return on Equity	-	-
Pre-tax ROCE	-16.6	-37.2
Return on Assets	-14.8	-33.0
Pre-tax ROIC	178.8	66.6
Efficiency +
Days Payable	-47,021.0	-210,561.0
Days Inventory	-3,629.0	-29,171.0
Days Receivable	2.0	1.0
Fixed Asset Turnover	0.2	0.8
Total Asset Turnover	0.1	0.6
Working Capital
Cash Conversion Cycle	43,394.0	181,391.0
Working Capital Days	465.0	-25.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

Canara Bank

No. of Loans: 1

Total Amount : 250.0 cr

Axis Bank Limited

No. of Loans: 1

Total Amount : 99.5 cr

Standard Chartered Bank

No. of Loans: 1

Total Amount : 80.0 cr

Charge Holder	Amount	Date of creation/modification
Standard Chartered Bank	80.0 cr	06 Feb, 2025
Canara Bank	250.0 cr	18 Sep, 2024
Axis Bank Limited	99.5 cr	18 Jul, 2024

Charges

Canara Bank

Axis Bank Limited

Standard Chartered Bank

People

Designation	Name	DIN/PAN	Tenure
Director	Vinay Dube Shareholder	08012925	4 years
Director	Sanjay Dube Shareholder	00019951	4 years
Nominee Director	Amit Goela Shareholder	01754804	2 years
Nominee Director	Utpal Hemendra Sheth Shareholder	00081012	2 years
Nominee Director	Paul Michael Oddy Jr	09507070	2 years
Director	Aditya Ghosh	01243445	2 years

Company Network

Companies connected through Directors

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CHEMICAL TERMINAL TROMBAY LIMITED	Amalgamated	1.9 Cr	1	Maharashtra
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DATACOLADA INDIA PRIVATE LIMITED	Active	50.0 L	1	Maharashtra
TRUSTPLUTUS WEALTH (INDIA) PRIVATE LIMITED	Active	3.3 Cr	1	Maharashtra
APTECH LIMITED	Active	58.0 Cr	1	Maharashtra
TRUST CAPITAL HOLDINGS PRIVATE LIMITED	Active	11.0 L	1	Maharashtra
CLUE LEASING AND FINANCE PRIVATE LIMITED	Amalgamated	55.0 L	2	Maharashtra
HILLCROFT INVESTMENTS COMPANY PRIVATE LIMITED	Amalgamated	55.0 L	2	Maharashtra
TRUST ASSET MANAGEMENT PRIVATE LIMITED	Active	125.0 Cr	1	Maharashtra
INSIGHT ASSET MANAGEMENT (INDIA) PRIVATE LIMITED	Under Process of Striking Off	50.0 L	1	Maharashtra
KANAKIA HOSPITALITY PRIVATE LIMITED	Amalgamated	112.1 Cr	1	Maharashtra
CHANAKYA WEALTH CREATION PRIVATE LIMITED (OPC)	Active	1.0 L	1	Maharashtra
MOSS PROPERTIES PRIVATE LIMITED	Strike Off	1.0 L	1	Maharashtra
MOSS ESTATES PRIVATE LIMITED	Strike Off	1.0 L	1	Maharashtra
HRS INSIGHT FINANCIAL INTERMEDIARIES PRIVATE LIMITED	Active	4.8 Cr	1	Maharashtra
TRUST TRADE AND INVESTMENT COMPANY PRIVA TE LIMITED	Strike Off	1.0 L	1	Maharashtra
NCC LIMITED	Active	125.6 Cr	1	Telangana
INSYNC CAPITAL PARTNERS LLP	Active	5.0 L	1	Maharashtra
ZEN SUPERSTRUCTURE LLP	Active	5.0 L	1	Maharashtra
ASPENTREE ADVISORS LLP	Active	1.0 L	1	Maharashtra
CHANAKYA VALUE CREATION LLP	Active	5.0 L	1	Maharashtra
RELATIVITY INVESTMENT ADVISORS LLP	Active	1.0 L	1	Maharashtra
KABRA EXTRUSION TECHNIK LTD	Active	17.5 Cr	1	Maharashtra
CONCORD BIOTECH LIMITED	Active	10.5 Cr	1	Gujarat
INVENTURUS KNOWLEDGE SOLUTIONS LIMITED	Active	17.2 Cr	2	Maharashtra
STAR HEALTH AND ALLIED INSURANCE COMPANY LIMITED	Active	587.6 Cr	1	Tamil Nadu
HIRANANDANI FINANCIAL SERVICES PRIVATE LIMITED	Active	682.1 Cr	1	Maharashtra
TRUSTPLUTUS FAMILY OFFICE & INVESTMENT ADVISERS (INDIA) PRIVATE LIMITED	Active	26.0 L	1	Maharashtra
METRO BRANDS LIMITED	Active	136.0 Cr	1	Maharashtra
ZENEX ANIMAL HEALTH INDIA PRIVATE LIMITED	Active	2,506.5 Cr	1	Gujarat
TURNER MORRISON LTD	Active	5.4 Cr	1	West Bengal
INTERGLOBE ENTERPRISES LIMITED	Amalgamated	92.9 L	1	Rajasthan
NANI PALKHIVALA ARBITRATION CENTRE	Active	0.0	1	Tamil Nadu
MAGNUM FITNESS PRIVATE LIMITED	Active	1.0 L	1	Delhi
ITQ CONSULTANCY PRIVATE LIMITED	Dissolved	1.0 L	1	Delhi
RUDI MULTI TRADING COMPANY LIMITED	Active	5.0 L	1	Gujarat
HOMAGE AVIATION PRIVATE LIMITED	Active	1.0 L	1	Delhi
HOMAGE ADVISERS LLP	Active	1.0 L	1	Haryana
HOMAGE VENTURES LLP	Active	2.6 Cr	1	Haryana
SPECIALITY RESTAURANTS LIMITED	Active	48.2 Cr	1	West Bengal
GREENCELL MOBILITY PRIVATE LIMITED	Active	1,022.0 Cr	1	Maharashtra
HYGIENIC RESEARCH INSTITUTE PRIVATE LIMITED	Active	53.7 L	1	Maharashtra
ORAVEL STAYS LIMITED	Active	693.8 Cr	1	Gujarat
RARE EQUITY PRIVATE LIMITED	Active	52.8 Cr	1	Maharashtra
SURYAAMBA SPINNING MILLS LIMITED	Active	2.9 Cr	1	Telangana
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RACE AHEAD PROPERTIES PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
HOPE FILM MAKERS PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
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Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
WINGWORLD GROUND SERVICES PRIVATE LIMITED	Maharashtra	2023	₹ 10.0 L

Registered Details

CIN

U63013MH2020PTC350653

PAN

ABECS9580P

Incorporation

2020, 4.4 years

Company Email

secretarial@akasaair.com

Paid up Capital

₹ 113.3 Cr

Authorised Capital

₹ 113.5 Cr

AGM

Aug 2024

Type

Private

Others

FAQ - SNV AVIATION PRIVATE LIMITED

What is the incorporation date of SNV AVIATION PRIVATE LIMITED?

The incorporation date of SNV AVIATION PRIVATE LIMITED is 24 November, 2020

What is the authorized share capital of SNV AVIATION PRIVATE LIMITED?

The authorized share capital of SNV AVIATION PRIVATE LIMITED is INR ₹ 113.5 Cr.

What is the paid-up capital of SNV AVIATION PRIVATE LIMITED?

The paid-up capital of SNV AVIATION PRIVATE LIMITED is INR ₹ 113.3 Cr.

What is the registered address of SNV AVIATION PRIVATE LIMITED?

The registered address of SNV AVIATION PRIVATE LIMITED is 12th Floor, Urmi Estate 95, Ganpatrao Kadam Marg,Lower Parel (We, st), Mumbai City, Mumbai, Maharashtra, India, 400013 - 400013

What is the CIN number of SNV AVIATION PRIVATE LIMITED?

The CIN number of SNV AVIATION PRIVATE LIMITED is U63013MH2020PTC350653.

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