Benefits

Dashboard

See Price & Plans

Not registered yet? Get a free account.

Air India Express Limited
Location
People
Financials
- Financial Highlights
- Balance Sheet
- Profit & Loss
- Ratios
Charges
Network
T. Score
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.

Subscription Plans

Industry and products

Transport and Storage

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

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 2025 numbers.

Total Revenue

112.84%

₹ 16,176.6

EBITDA

-267.4%

₹ -1,643.2

Net Profit

₹ -5,821.9

Networth

₹ -11,701.6

Borrowings

207.95%

₹ 23,717.2

Assets

102.05%

₹ 20,310.4

Gross Margin

-45.86

15.8 %

Operating Margin

-23.27

-10.2 %

Net Profit Margin

-33.84

-36.0 %

Return on Equity

- %

ROCE

-56.54

-55.0 %

Debt to Equity

16.39

-2.0

Sales

Mar 2025

Net worth

Mar 2025

Buy Report or Plans

Dashboards

Popular Plan

Company dashboard

₹ 449
- Five year financials and ratios
- Risk analysis
- Interactive charts

Buy credits

View subscriptions

MCA Fillings

All financials

₹ 349
- All financials
- All annual returns
- MoA and AoA
1 Year

₹ 249
- Latest financials
- Latest annual return
- MoA and AoA

PDF Reports

Financial report

₹ 799
- Five year financials and ratios
- Shareholding and group structure
Financial+Litigation report

₹ 1299
- Everything in financial report
- Litigation report on the company
Due diligence report

₹ 2999
- Everything in financial+litigation report
- Peers and financials

* GST not included

** Reports & MCA filings will be based on the latest available financials.

** Delivery timelines are on best-effort basis during working hours. Filings 3-4 hours. Reports 24-48 hours.

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 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	1,964.5	3,496.3	5,668.7	7,536.9	16,033.1
Operating profit	476.6	698.5	876.9	981.6	-1,643.2
Net profit	100.1	-73.0	116.8	-163.1	-5,821.9
Gross margin	78.4	66.1	55.2	61.7	15.8
Operating margin	24.3	20.0	15.5	13.0	-10.2
Net margin	4.9	-2.1	2.0	-2.1	-36.0
Networth	-275.9	-392.6	-246.4	-418.1	-11,701.6
Borrowings	1,316.8	1,504.9	1,825.0	7,701.6	23,717.2
Assets	4,529.5	4,908.5	5,014.8	10,052.4	20,310.4
Debt to equity	-4.8	-3.8	-7.4	-18.4	-2.0
Current ratio	0.1	0.3	0.4	0.5	0.2
ROE	-	-	-	-	-
Days payable	273.0	58.0	81.0	120.0	54.0
WC days	-583.0	-321.0	-184.0	-70.0	-214.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	780.0	780.0	780.0	780.0	1,017.1
Reserves	-1,055.9	-1,172.6	-1,026.4	-1,198.1	-12,718.7
Borrowings +	1,316.8	1,504.9	1,825.0	7,701.6	23,717.2
Long term borrowings	13.8	-	-	6,974.1	17,889.5
Short term borrowings	1,303.0	1,504.9	1,825.0	727.5	5,827.7
Trade payables +	316.2	186.8	561.4	948.3	2,009.0
Days payable	273.0	58.0	81.0	120.0	54.0
Other liabilities +	3,488.6	3,796.2	3,436.3	2,768.9	8,294.8
Other non-current liabilities	1,079.6	929.0	748.2	633.0	2,574.5
Other current liabilities	2,092.8	2,680.4	2,126.6	1,187.7	3,711.3
Total liabilities	4,529.5	4,908.5	5,014.8	10,052.4	20,310.4
Fixed Assets +	3,750.3	3,433.6	3,133.8	8,260.2	17,325.5
Tangible assets	3,714.8	3,398.5	3,087.9	8,226.9	17,223.3
CWIP	35.4	34.9	42.4	28.2	97.6
Intangible assets	0.2	-	3.5	5.1	4.5
LT loans and advances	10.3	-	-	-	-
Other non-current assets	194.9	180.4	225.9	375.4	818.6
Current assets +	574.0	1,294.5	1,655.1	1,416.8	2,166.3
Inventories	139.2	144.7	314.8	381.4	298.1
Trade receivables	36.2	33.0	25.8	241.6	111.2
Cash and cash equivalents	140.5	365.6	100.7	257.1	440.0
ST loans and advances	6.1	-	-	-	-
Other current assets	252.0	751.2	1,213.9	536.7	1,316.9
Total assets	4,529.5	4,908.5	5,014.8	10,052.4	20,310.4

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	17.22	15.89	15.55	7.76	5.01
Reserves	-23.31	-23.89	-20.47	-11.92	-62.62
Borrowings +	29.07	30.66	36.39	76.62	116.77
Long term borrowings	0.3	0.0	0.0	69.38	88.08
Short term borrowings	28.77	30.66	36.39	7.24	28.69
Trade payables	6.98	3.8	11.2	9.43	9.89
Other liabilities +	77.02	77.34	68.52	27.54	40.84
Other non-current liabilities	23.83	18.93	14.92	6.3	12.68
Other current liabilities	46.2	54.61	42.41	11.81	18.27
Total liabilities
Fixed Assets +	82.8	69.95	62.49	82.17	85.3
Tangible assets	82.01	69.24	61.57	81.84	84.8
CWIP	0.78	0.71	0.85	0.28	0.48
Intangible assets	0.0	0.0	0.07	0.05	0.02
LT loans and advances	0.23	0.0	0.0	0.0	0.0
Other non-current assets	4.3	3.68	4.51	3.73	4.03
Current assets +	12.67	26.37	33.0	14.09	10.67
Inventories	3.07	2.95	6.28	3.79	1.47
Trade receivables	0.8	0.67	0.51	2.4	0.55
Cash and cash equivalents	3.1	7.45	2.01	2.56	2.17
ST loans and advances	0.13	0.0	0.0	0.0	0.0
Other current assets	5.56	15.3	24.21	5.34	6.48
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	1,964.5	3,496.3	5,668.7	7,536.9	16,033.1
Sales growth %	-62.36	77.97	62.14	32.96	112.73
Expenses +	2,189.4	3,512.7	5,613.8	7,763.4	21,854.7
Cost of goods	423.5	1,184.7	2,536.8	2,888.5	13,496.2
Employee cost	186.7	227.5	350.4	771.5	2,040.1
Other costs	877.8	1,385.5	1,904.5	2,895.3	2,140.0
Operating profit +	476.6	698.5	876.9	981.6	-1,643.2
Operating margin %	24.3	20.0	15.5	13.0	-10.2
Other income	74.9	26.3	61.9	63.4	143.5
Interest	299.8	261.6	216.7	332.6	1,454.2
Depreciation	401.7	453.3	605.3	875.5	2,724.3
Exceptional items	250.1	-82.9	-	-	-
Profit before tax	100.1	-73.0	116.8	-163.1	-5,678.2
Tax	-	-	-	-	143.7
Profit - disc. ops	-	-	-	-	-
Net profit	100.1	-73.0	116.8	-163.1	-5,821.9
Net margin %	4.9	-2.1	2.0	-2.1	-36.0

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	96.33	99.25	98.92	99.17	99.11
Expenses +	107.36	99.72	97.96	102.15	135.1
Cost of goods	20.76	33.63	44.27	38.0	83.43
Employee cost	9.16	6.46	6.12	10.15	12.61
Other costs	43.04	39.33	33.23	38.09	13.23
Operating profit	23.37	19.83	15.3	12.92	-10.16
Other income	3.67	0.75	1.08	0.83	0.89
Interest	14.7	7.43	3.78	4.38	8.99
Depreciation	19.7	12.87	10.56	11.52	16.84
Exceptional items	12.26	-2.35	0.0	0.0	0.0
Profit before tax	4.91	-2.07	2.04	-2.15	-35.1
Tax	0.0	0.0	0.0	0.0	0.89
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	4.91	-2.07	2.04	-2.15	-35.99

Revenue from operations

Ratios

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	-4.8	-3.8	-7.4	-18.4	-2.0
Net Debt/Equity	-4.3	-2.9	-7.0	-17.8	-2.0
Total Debt/Assets	0.3	0.3	0.4	0.8	1.2
Total Assets/Equity	-16.4	-12.5	-20.4	-24.0	-1.7
Liquidity +
Current Ratio	0.1	0.3	0.4	0.5	0.2
Quick Ratio	0.1	0.3	0.3	0.4	0.2
Interest Coverage	1.6	2.7	4.0	3.0	-1.1
Performance
Gross Margin	78.4	66.1	55.2	61.7	15.8
Operating Margin	24.3	20.0	15.5	13.0	-10.2
Net Margin	4.9	-2.1	2.0	-2.1	-36.0
Return +
Return on Equity	-	-	-	-	-
Pre-tax ROCE	12.2	68.9	98.5	1.6	-55.0
Return on Assets	2.2	-1.5	2.3	-1.6	-28.7
Pre-tax ROIC	8.3	32.8	18.4	1.5	-37.7
Efficiency +
Days Payable	273.0	58.0	81.0	120.0	54.0
Days Inventory	120.0	45.0	45.0	48.0	8.0
Days Receivable	7.0	3.0	2.0	12.0	3.0
Fixed Asset Turnover	0.5	1.0	1.8	0.9	0.9
Total Asset Turnover	0.4	0.7	1.1	0.8	0.8
Working Capital
Cash Conversion Cycle	-146.0	-10.0	-34.0	-60.0	-43.0
Working Capital Days	-583.0	-321.0	-184.0	-70.0	-214.0

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

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
TCC CONSTRUCTION PRIVATE LIMITED	Active	1.0 Cr	1	Maharashtra
TRIL ROADS PRIVATE LIMITED	Active	10.2 Cr	1	Maharashtra
AI FLEET SERVICES IFSC LIMITED	Active	30.0 Cr	1	Gujarat
92ANGELS BHARAT LLP	Active	10,000.0	1	Maharashtra
ARVIND AND SMART VALUE HOMES LLP	Active	1.0 L	1	Maharashtra
AISATS NOIDA CARGO TERMINAL PRIVATE LIMITED	Active	153.8 Cr	1	Haryana
AISATS NOIDA LOGISTICS PARK PRIVATE LIMITED	Active	67.0 Cr	1	Haryana
AIRBUS INDIA TRAINING CENTRE PRIVATE LIMITED	Active	246.7 Cr	1	Delhi
AIR INDIA SATS AIRPORT SERVICES PRIVATE LIMITED	Active	234.8 Cr	2	Delhi
AISATS RANCHI CARGO SERVICES PRIVATE LIMITED	Active	1.0 Cr	1	Haryana
AISATS RAIPUR CARGO SERVICES PRIVATE LIMITED	Active	1.0 Cr	1	Haryana
FORUM FOR INDIAN ACCOUNTING RESEARCH	Active	0.0	1	Telangana
ITC HOTELS LIMITED	Active	83.0 Cr	1	West Bengal
NSE INVESTMENTS LIMITED	Active	826.0 Cr	1
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	Amalgamated	370.3 Cr	1	Maharashtra
TEJAS NETWORKS LIMITED	Active	176.9 Cr	4	Karnataka
LARSEN AND TOUBRO LIMITED	Active	275.1 Cr	1	Maharashtra
ITC HOTELS LIMITED	Active	208.3 Cr	1	West Bengal
CIPLA LIMITED	Active	161.6 Cr	1	Maharashtra
CYIENT LIMITED	Active	55.5 Cr	1	Telangana
AIX CONNECT PRIVATE LIMITED	Amalgamated	4,195.0 Cr	4	Haryana
NESTLE INDIA LIMITED	Active	192.8 Cr	1	Delhi
CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED	Active	128.8 Cr	1	Maharashtra
AIR INDIA LIMITED	Active	36,351.9 Cr	2	Haryana
TATA AIA LIFE INSURANCE COMPANY LIMITED	Active	5,383.5 Cr	1
TATA AIG GENERAL INSURANCE COMPANY LIMITED	Active	995.3 Cr	1
TATA INVESTMENT CORPORATION LIMITED	Active	50.6 Cr	1	Maharashtra
UNION ASSET MANAGEMENT COMPANY PRIVATE LIMITED	Active	262.5 Cr	1	Maharashtra
SAANKHYA LABS PRIVATE LIMITED	Amalgamated	9.7 Cr	1	Karnataka
GEOJIT FINANCIAL SERVICES LIMITED	Active	27.9 Cr	1	Kerala
TATA SIA AIRLINES LIMITED	Amalgamated	10,020.0 Cr	1	Haryana
SIGMA SOLVE LIMITED	Active	3.0 Cr	1	Gujarat
TALACE PRIVATE LIMITED	Amalgamated	5,483.2 Cr	1

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

LOSS MAKING
LOW ROCE

Low Risk

LOW INVENTORY
GROSS MARGINS DETERIORATING
EBITDA MARGINS DETERIORATING

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.

CIN

U62100HR1971PLC113015

PAN

AABCA0522B

Incorporation

1971, 54.4 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.

Smart Suggestions

Top Blog Post

Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all people. Tofler makes no claim of ownership or affiliation with any trademark (REGISTERED OR UNREGISTERED) that forms part of any Company/LLP name listed on this page. Trademarks, if any, listed on this page belong to... Read More

AIR INDIA EXPRESS LIMITED

Leave site?

Buy Dashboard using Credits

Just a Quick Check!

Buy Report or Plans

Dashboards

Company dashboard

Buy credits

View subscriptions

MCA Fillings

All financials

1 Year

PDF Reports

Financial report

Financial+Litigation report

Due diligence report

Choose number of credits to buy

₹ 449 + GST

Locations

Locations on Map

Filter (4)

Select Tags

Choose Location

People

Financial Highlights

Margins

Balance Sheet

Total assets

Profit & Loss

Revenue from operations

Ratios

Ratios

Charges on assets

Charges

Company Network