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Airplaza Retail Holdings
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Registered Details

AIRPLAZA RETAIL HOLDINGS PRIVATE LIMITED

All Companies ›

Haryana ›

Trading ›

Active

Updated: 27 Apr 2026

Airplaza Retail Holdings Private Limited is a retail company focused on duty-free and travel retail operations. It offers a diverse range of products, including cosmetics, liquor, tobacco, and souvenirs, catering primarily to travelers in airports and enhancing their shopping experience through a curated selection of international brands.

Airplaza Retail Holdings Private Limited, is an unlisted private company incorporated on 01 February, 2008. It is classified as a private limited company and is located in , Haryana. It's authorized share capital is INR 11.00 cr and the total paid-up capital is INR 10.01 cr.

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Industry and products

Trading

women party wear & women kurta kurti, women skirts

Company size

Auth Capital

₹ 11.0 Cr

Paidup Capital

₹ 10.0 Cr

Revenue

₹ >5000 cr

Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue

20.92%

₹ 10,684.3

EBITDA

26.07%

₹ 796.7

Net Profit

113.41%

₹ 142.6

Networth

514.05%

₹ 168.6

Borrowings

₹ -

Assets

33.36%

₹ 4,564.3

Gross Margin

3.57

20.8 %

Operating Margin

0.31

7.5 %

Net Profit Margin

0.58

1.3 %

Return on Equity

-158.82

84.6 %

ROCE

-41.07

-90.1 %

Debt to Equity

0.0

Sales

Mar 2025

Net worth

Mar 2025

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Locations

India (230)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Whole-time Director	Radhakrishnan Puthanthermadathil	07497662	10 years
Director	Vinish Pal Singh	10071336	3 years
Director	Soumya Rajan	03579199	2 years

Financial Highlights

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	4,470.8	5,572.3	7,528.4	8,824.3	10,670.8
Operating profit	329.0	474.9	585.2	632.0	796.7
Net profit	-9.0	20.2	59.1	66.8	142.6
Gross margin	16.2	17.9	17.9	17.2	20.8
Operating margin	7.4	8.5	7.8	7.2	7.5
Net margin	-0.2	0.4	0.8	0.8	1.3
Networth	-115.5	-96.1	-37.9	27.5	168.6
Borrowings	-	49.5	40.5	-	-
Assets	2,537.4	3,006.3	3,360.2	3,422.6	4,564.3
Debt to equity	0.0	-0.5	-1.1	0.0	0.0
Current ratio	0.7	0.7	0.7	0.7	0.8
ROE	-	-	-	243.4	84.6
Days payable	143.0	136.0	116.0	97.0	115.0
WC days	-47.0	-40.0	-31.0	-28.0	-23.0

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	10.0	10.0	10.0	10.0	10.0
Reserves	-125.5	-106.2	-47.9	17.4	158.6
Borrowings +	-	49.5	40.5	-	-
Long term borrowings	-	40.2	27.9	-	-
Short term borrowings	-	9.4	12.5	-	-
Trade payables +	1,466.0	1,703.2	1,960.9	1,948.1	2,674.1
Days payable	143.0	136.0	116.0	97.0	115.0
Other liabilities +	1,186.8	1,349.7	1,396.8	1,447.1	1,721.6
Other non-current liabilities	793.9	884.4	891.3	914.2	1,118.7
Other current liabilities	392.9	465.3	505.5	532.9	603.0
Total liabilities	2,537.4	3,006.3	3,360.2	3,422.6	4,564.3
Fixed Assets +	1,107.6	1,264.4	205.2	250.7	314.1
Tangible assets	1,095.0	160.7	192.4	237.9	299.9
CWIP	4.1	1,091.6	1.2	2.1	4.3
Intangible assets	8.5	12.1	11.5	10.7	9.8
LT loans and advances	59.1	-	-	-	-
Other non-current assets	85.8	173.0	1,310.3	1,364.8	1,639.8
Current assets +	1,284.9	1,569.0	1,844.8	1,807.1	2,610.4
Inventories	1,045.9	1,293.2	1,551.9	1,440.0	1,938.5
Trade receivables	3.3	1.4	4.2	25.2	53.9
Cash and cash equivalents	49.6	62.6	34.8	78.4	293.4
ST loans and advances	5.6	-	-	-	-
Other current assets	180.5	211.7	253.9	263.4	324.7
Total assets	2,537.4	3,006.3	3,360.2	3,422.6	4,564.3

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.39	0.33	0.3	0.29	0.22
Reserves	-4.95	-3.53	-1.43	0.51	3.47
Borrowings +	0.0	1.65	1.2	0.0	0.0
Long term borrowings	0.0	1.34	0.83	0.0	0.0
Short term borrowings	0.0	0.31	0.37	0.0	0.0
Trade payables	57.78	56.65	58.36	56.92	58.59
Other liabilities +	46.77	44.9	41.57	42.28	37.72
Other non-current liabilities	31.29	29.42	26.52	26.71	24.51
Other current liabilities	15.48	15.48	15.04	15.57	13.21
Total liabilities
Fixed Assets +	43.65	42.06	6.11	7.33	6.88
Tangible assets	43.15	5.35	5.73	6.95	6.57
CWIP	0.16	36.31	0.04	0.06	0.09
Intangible assets	0.34	0.4	0.34	0.31	0.22
LT loans and advances	2.33	0.0	0.0	0.0	0.0
Other non-current assets	3.38	5.75	38.99	39.88	35.93
Current assets +	50.64	52.19	54.9	52.8	57.19
Inventories	41.22	43.02	46.19	42.07	42.47
Trade receivables	0.13	0.05	0.12	0.74	1.18
Cash and cash equivalents	1.96	2.08	1.03	2.29	6.43
ST loans and advances	0.22	0.0	0.0	0.0	0.0
Other current assets	7.11	7.04	7.56	7.7	7.11
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	4,470.8	5,572.3	7,528.4	8,824.3	10,670.8
Sales growth %	-15.37	24.64	35.1	17.21	20.93
Expenses +	4,536.6	5,558.0	7,458.8	8,744.7	10,490.5
Cost of goods	3,744.5	4,577.4	6,181.5	7,305.8	8,453.1
Employee cost	218.4	259.2	348.1	394.2	474.7
Other costs	178.9	260.8	413.6	492.4	946.3
Operating profit +	329.0	474.9	585.2	632.0	796.7
Operating margin %	7.4	8.5	7.8	7.2	7.5
Other income	54.0	11.0	9.5	11.6	13.4
Interest	110.1	122.8	130.7	127.8	137.2
Depreciation	284.7	337.8	384.9	424.6	479.2
Exceptional items	-	-	-	-	-
Profit before tax	-11.8	25.2	79.0	91.2	193.7
Tax	-2.8	5.0	19.9	24.4	51.1
Profit - disc. ops	-	-	-	-	-
Net profit	-9.0	20.2	59.1	66.8	142.6
Net margin %	-0.2	0.4	0.8	0.8	1.3

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	98.81	99.8	99.87	99.87	99.87
Expenses +	100.26	99.55	98.95	98.97	98.19
Cost of goods	82.75	81.98	82.01	82.68	79.12
Employee cost	4.83	4.64	4.62	4.46	4.44
Other costs	3.95	4.67	5.49	5.57	8.86
Operating profit	7.27	8.5	7.76	7.15	7.46
Other income	1.19	0.2	0.13	0.13	0.13
Interest	2.43	2.2	1.73	1.45	1.28
Depreciation	6.29	6.05	5.11	4.81	4.49
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-0.26	0.45	1.05	1.03	1.81
Tax	-0.06	0.09	0.26	0.28	0.48
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-0.2	0.36	0.78	0.76	1.34

Revenue from operations

Ratios

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	0.0	-0.5	-1.1	0.0	0.0
Net Debt/Equity	0.0	0.0	-0.1	0.0	0.0
Total Debt/Assets	0.0	0.0	0.0	0.0	0.0
Total Assets/Equity	-22.0	-31.3	-88.6	124.6	27.1
Liquidity +
Current Ratio	0.7	0.7	0.7	0.7	0.8
Quick Ratio	0.1	0.1	0.1	0.1	0.2
Interest Coverage	3.0	3.9	4.5	5.0	5.8
Performance
Gross Margin	16.2	17.9	17.9	17.2	20.8
Operating Margin	7.4	8.5	7.8	7.2	7.5
Net Margin	-0.2	0.4	0.8	0.8	1.3
Return +
Return on Equity	-	-	-	243.4	84.6
Pre-tax ROCE	8.3	20.9	-46.7	-49.0	-90.1
Return on Assets	-0.4	0.7	1.8	1.9	3.1
Pre-tax ROIC	-38.4	-142.6	-621.4	755.2	188.3
Efficiency +
Days Payable	143.0	136.0	116.0	97.0	115.0
Days Inventory	102.0	103.0	92.0	72.0	84.0
Days Receivable	0.0	0.0	0.0	1.0	2.0
Fixed Asset Turnover	4.0	4.4	36.7	35.2	34.0
Total Asset Turnover	1.8	1.9	2.2	2.6	2.3
Working Capital
Cash Conversion Cycle	-41.0	-33.0	-24.0	-24.0	-29.0
Working Capital Days	-47.0	-40.0	-31.0	-28.0	-23.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

Axis Trustee Services Limited

No. of Loans: 1

Total Amount : 255.0 cr

Charge Holder	Amount	Date of creation/modification
Axis Trustee Services Limited	255.0 cr	11 Jan, 2024

Charges

Axis Trustee Services Limited

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
THE RAJAN FAMILY CHARITABLE FOUNDATION	Active	1.0 L	1	Maharashtra
SWAMI SWAPRAKASHANANDA EDUCATION AND HEALTHCARE FOUNDATION	Active	1.0 L	1	Maharashtra
S R IYER AND SRILATA IYER MUSIC FOUNDATION	Active	1.0 L	1	Maharashtra
WATERFIELD FOUNDATION	Active	1.0 L	1	Maharashtra
Waterfield Sponsor LLP	Inactive for e-filing	1.0 L	1	sh
MUKUND RAJAN CONSULTANTS LLP	Active	1.0 L	1	Maharashtra
CENTER FOR STUDY OF SCIENCE TECHNOLOGY AND POLICY	Active	1.0 L	1	Karnataka
WATERFIELD FINANCIAL AND INVESTMENT ADVISORS PRIVATE LIMITED	Active	54.5 Cr	1
WATERFIELD INTERNATIONAL IFSC PRIVATE LIMITED	Active	5.1 Cr	1	Gujarat
WATERFIELD FUND MANAGERS PRIVATE LIMITED	Active	10.0 Cr	1	Maharashtra
VISHAL MEGA MART LIMITED	Active	4,508.7 Cr	1	Haryana
WATERFIELD ADVISORS PRIVATE LIMITED	Active	5.6 Cr	1	Maharashtra
AAVAS FINANCIERS LIMITED	Active	79.2 Cr	1	Rajasthan
VISHAL MEGA MART LIMITED	Active	4,508.7 Cr	1	Haryana

Tofler Score

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Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

HIGH LEVERAGE

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.

CIN

U52399HR2008PTC086045

PAN

AAICA7614B

Incorporation

2008, 18.3 years

Company Email

cs@vishalretail.co.in

Paid up Capital

₹ 10.0 Cr

Authorised Capital

₹ 11.0 Cr

AGM

Sep 2025

Type

Private

Others

FAQ - AIRPLAZA RETAIL HOLDINGS PRIVATE LIMITED

What is the incorporation date of AIRPLAZA RETAIL HOLDINGS PRIVATE LIMITED?

The incorporation date of AIRPLAZA RETAIL HOLDINGS PRIVATE LIMITED is 01 February, 2008

What is the authorized share capital of AIRPLAZA RETAIL HOLDINGS PRIVATE LIMITED?

The authorized share capital of AIRPLAZA RETAIL HOLDINGS PRIVATE LIMITED is INR ₹ 11.0 Cr.

What is the paid-up capital of AIRPLAZA RETAIL HOLDINGS PRIVATE LIMITED?

The paid-up capital of AIRPLAZA RETAIL HOLDINGS PRIVATE LIMITED is INR ₹ 10.0 Cr.

What is the registered address of AIRPLAZA RETAIL HOLDINGS PRIVATE LIMITED?

The registered address of AIRPLAZA RETAIL HOLDINGS PRIVATE LIMITED is Plot No. 184, Fifth Floor, Platinum Tower Udyog vihar, Phase-1, Gurgaon, Gurgaon, Haryana, India, 122016 - 122016

What is the CIN number of AIRPLAZA RETAIL HOLDINGS PRIVATE LIMITED?

The CIN number of AIRPLAZA RETAIL HOLDINGS PRIVATE LIMITED is U52399HR2008PTC086045.

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