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Air India Express Limited
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Registered Details

AIR INDIA EXPRESS LIMITED

All Companies ›

Haryana ›

Transport and Storage ›

Active

Updated: 29 Oct 2025

Air India Express Limited is a low-cost airline based in India that operates scheduled passenger services across domestic and international routes. It offers affordable air travel solutions catering primarily to the Gulf and Southeast Asian markets, providing essential connectivity and convenience for travelers seeking economical options.

Air India Express Limited, is an unlisted public company incorporated on 09 September, 1971. It is classified as a public limited company and is located in , Haryana. It's authorized share capital is INR 11,000.00 cr and the total paid-up capital is INR 3,017.10 cr.

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Industry and products

Transport and Storage

on-board., aircraft information, Flight and manages booking

Company size

Auth Capital

₹ 11,000.0 Cr

Paidup Capital

₹ 3,017.1 Cr

Revenue

₹ >5000 cr

Key Metrics

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

Total Revenue

32.63%

₹ 7,600.3

EBITDA

11.94%

₹ 981.6

Net Profit

-239.61%

₹ -163.1

Networth

₹ -418.1

Borrowings

322.01%

₹ 7,701.6

Assets

100.45%

₹ 10,052.4

Gross Margin

6.43

61.7 %

Operating Margin

-2.45

13.0 %

Net Profit Margin

-4.19

-2.1 %

Return on Equity

- %

ROCE

-96.9

1.6 %

Debt to Equity

-11.01

-18.4

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (1)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Managing Director	Aloke Singh	07491378	3 years
Director	Prathivadibhayankara Rajagopalan Ramesh	01915274	3 years
Director	Alice Geevarghese Vaidyan	07394437	3 years
Director	Sanjay Sharma	00332488	1 years
Director	Nipun Aggarwal	08094159	3 years

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	5,219.4	1,964.5	3,496.3	5,668.7	7,536.9
Operating profit	1,243.6	476.6	698.5	876.9	981.6
Net profit	414.2	100.1	-73.0	116.8	-163.1
Gross margin	71.5	78.4	66.1	55.2	61.7
Operating margin	23.8	24.3	20.0	15.5	13.0
Net margin	7.9	4.9	-2.1	2.0	-2.1
Networth	-464.5	-275.9	-392.6	-246.4	-418.1
Borrowings	1,360.1	1,316.8	1,504.9	1,825.0	7,701.6
Assets	4,565.9	4,529.5	4,908.5	5,014.8	10,052.4
Debt to equity	-2.9	-4.8	-3.8	-7.4	-18.4
Current ratio	0.1	0.1	0.3	0.4	0.5
ROE	-	-	-	-	-
Days payable	139.0	273.0	58.0	81.0	120.0
WC days	-247.0	-583.0	-321.0	-184.0	-70.0

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	780.0	780.0	780.0	780.0	780.0
Reserves	-1,244.5	-1,055.9	-1,172.6	-1,026.4	-1,198.1
Borrowings +	1,360.1	1,316.8	1,504.9	1,825.0	7,701.6
Long term borrowings	-	13.8	-	-	6,974.1
Short term borrowings	1,360.1	1,303.0	1,504.9	1,825.0	727.5
Trade payables +	566.3	316.2	186.8	561.4	948.3
Days payable	139.0	273.0	58.0	81.0	120.0
Other liabilities +	3,670.3	3,488.6	3,796.2	3,436.3	2,768.9
Other non-current liabilities	1,067.0	1,079.6	929.0	748.2	633.0
Other current liabilities	2,037.0	2,092.8	2,680.4	2,126.6	1,187.7
Total liabilities	4,565.9	4,529.5	4,908.5	5,014.8	10,052.4
Fixed Assets +	3,969.8	3,750.3	3,433.6	3,133.8	8,260.2
Tangible assets	3,969.6	3,714.8	3,398.5	3,087.9	8,226.9
CWIP	-	35.4	34.9	42.4	28.2
Intangible assets	0.2	0.2	-	3.5	5.1
LT loans and advances	-	10.3	-	-	-
Other non-current assets	171.4	194.9	180.4	225.9	375.4
Current assets +	424.7	574.0	1,294.5	1,655.1	1,416.8
Inventories	187.9	139.2	144.7	314.8	381.4
Trade receivables	4.7	36.2	33.0	25.8	241.6
Cash and cash equivalents	9.2	140.5	365.6	100.7	257.1
ST loans and advances	-	6.1	-	-	-
Other current assets	222.9	252.0	751.2	1,213.9	536.7
Total assets	4,565.9	4,529.5	4,908.5	5,014.8	10,052.4

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	17.08	17.22	15.89	15.55	7.76
Reserves	-27.26	-23.31	-23.89	-20.47	-11.92
Borrowings +	29.79	29.07	30.66	36.39	76.62
Long term borrowings	0.0	0.3	0.0	0.0	69.38
Short term borrowings	29.79	28.77	30.66	36.39	7.24
Trade payables	12.4	6.98	3.8	11.2	9.43
Other liabilities +	80.38	77.02	77.34	68.52	27.54
Other non-current liabilities	23.37	23.83	18.93	14.92	6.3
Other current liabilities	44.61	46.2	54.61	42.41	11.81
Total liabilities
Fixed Assets +	86.94	82.8	69.95	62.49	82.17
Tangible assets	86.94	82.01	69.24	61.57	81.84
CWIP	0.0	0.78	0.71	0.85	0.28
Intangible assets	0.0	0.0	0.0	0.07	0.05
LT loans and advances	0.0	0.23	0.0	0.0	0.0
Other non-current assets	3.75	4.3	3.68	4.51	3.73
Current assets +	9.3	12.67	26.37	33.0	14.09
Inventories	4.12	3.07	2.95	6.28	3.79
Trade receivables	0.1	0.8	0.67	0.51	2.4
Cash and cash equivalents	0.2	3.1	7.45	2.01	2.56
ST loans and advances	0.0	0.13	0.0	0.0	0.0
Other current assets	4.88	5.56	15.3	24.21	5.34
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	5,219.4	1,964.5	3,496.3	5,668.7	7,536.9
Sales growth %	25.12	-62.36	77.97	62.14	32.96
Expenses +	4,812.4	2,189.4	3,512.7	5,613.8	7,763.4
Cost of goods	1,488.7	423.5	1,184.7	2,536.8	2,888.5
Employee cost	337.2	186.7	227.5	350.4	771.5
Other costs	2,150.0	877.8	1,385.5	1,904.5	2,895.3
Operating profit +	1,243.6	476.6	698.5	876.9	981.6
Operating margin %	23.8	24.3	20.0	15.5	13.0
Other income	11.2	74.9	26.3	61.9	63.4
Interest	333.5	299.8	261.6	216.7	332.6
Depreciation	503.1	401.7	453.3	605.3	875.5
Exceptional items	-	250.1	-82.9	-	-
Profit before tax	418.2	100.1	-73.0	116.8	-163.1
Tax	4.0	-	-	-	-
Profit - disc. ops	-	-	-	-	-
Net profit	414.2	100.1	-73.0	116.8	-163.1
Net margin %	7.9	4.9	-2.1	2.0	-2.1

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.79	96.33	99.25	98.92	99.17
Expenses +	92.0	107.36	99.72	97.96	102.15
Cost of goods	28.46	20.76	33.63	44.27	38.0
Employee cost	6.45	9.16	6.46	6.12	10.15
Other costs	41.1	43.04	39.33	33.23	38.09
Operating profit	23.78	23.37	19.83	15.3	12.92
Other income	0.21	3.67	0.75	1.08	0.83
Interest	6.38	14.7	7.43	3.78	4.38
Depreciation	9.62	19.7	12.87	10.56	11.52
Exceptional items	0.0	12.26	-2.35	0.0	0.0
Profit before tax	8.0	4.91	-2.07	2.04	-2.15
Tax	0.08	0.0	0.0	0.0	0.0
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	7.92	4.91	-2.07	2.04	-2.15

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	-2.9	-4.8	-3.8	-7.4	-18.4
Net Debt/Equity	-2.9	-4.3	-2.9	-7.0	-17.8
Total Debt/Assets	0.3	0.3	0.3	0.4	0.8
Total Assets/Equity	-9.8	-16.4	-12.5	-20.4	-24.0
Liquidity +
Current Ratio	0.1	0.1	0.3	0.4	0.5
Quick Ratio	0.1	0.1	0.3	0.3	0.4
Interest Coverage	3.7	1.6	2.7	4.0	3.0
Performance
Gross Margin	71.5	78.4	66.1	55.2	61.7
Operating Margin	23.8	24.3	20.0	15.5	13.0
Net Margin	7.9	4.9	-2.1	2.0	-2.1
Return +
Return on Equity	-	-	-	-	-
Pre-tax ROCE	171.8	12.2	68.9	98.5	1.6
Return on Assets	9.1	2.2	-1.5	2.3	-1.6
Pre-tax ROIC	83.5	8.3	32.8	18.4	1.5
Efficiency +
Days Payable	139.0	273.0	58.0	81.0	120.0
Days Inventory	46.0	120.0	45.0	45.0	48.0
Days Receivable	0.0	7.0	3.0	2.0	12.0
Fixed Asset Turnover	1.3	0.5	1.0	1.8	0.9
Total Asset Turnover	1.1	0.4	0.7	1.1	0.8
Working Capital
Cash Conversion Cycle	-93.0	-146.0	-10.0	-34.0	-60.0
Working Capital Days	-247.0	-583.0	-321.0	-184.0	-70.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

Sky High LXXIX Leasing Company Limited

No. of Loans: 2

Total Amount : 813.2 cr

Wilmington Trust SP Services (Dublin) Limited

No. of Loans: 1

Total Amount : 315.9 cr

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 6.0 cr

Charge Holder	Amount	Date of creation/modification
Kotak Mahindra Bank Limited	6.0 cr	16 Apr, 2025
Wilmington Trust SP Services (Dublin) Limited	315.9 cr	24 Oct, 2018
Sky High LXXIX Leasing Company Limited	410.9 cr	23 Oct, 2018
Sky High LXXIX Leasing Company Limited	402.4 cr	13 Sep, 2018

Charges

Sky High LXXIX Leasing Company Limited

Wilmington Trust SP Services (Dublin) Limited

Kotak Mahindra Bank Limited

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Tofler Score

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VERY LOW INTEREST COVERAGE

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EBITDA MARGINS DETERIORATING

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CIN

U62100HR1971PLC113015

PAN

AABCA0522B

Incorporation

1971, 54.2 years

Company Email

company.secretary@airindiaexpress.com

Paid up Capital

₹ 3,017.1 Cr

Authorised Capital

₹ 11,000.0 Cr

AGM

Jun 2025

Type

Public

Others

FAQ - AIR INDIA EXPRESS LIMITED

What is the incorporation date of AIR INDIA EXPRESS LIMITED?

The incorporation date of AIR INDIA EXPRESS LIMITED is 09 September, 1971

What is the authorized share capital of AIR INDIA EXPRESS LIMITED?

The authorized share capital of AIR INDIA EXPRESS LIMITED is INR ₹ 11,000.0 Cr.

What is the paid-up capital of AIR INDIA EXPRESS LIMITED?

The paid-up capital of AIR INDIA EXPRESS LIMITED is INR ₹ 3,017.1 Cr.

What is the registered address of AIR INDIA EXPRESS LIMITED?

The registered address of AIR INDIA EXPRESS LIMITED is Block-4, Vatika One-on-one, Sector-16, NH-48, Industrial Estate (Gurgaon), Gurgaon, Industrial Estate, Haryana, India, 122007 - 122007

What is the CIN number of AIR INDIA EXPRESS LIMITED?

The CIN number of AIR INDIA EXPRESS LIMITED is U62100HR1971PLC113015.

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