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Aix Connect
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Registered Details

AIX CONNECT PRIVATE LIMITED

All Companies ›

Haryana ›

Transport and Storage ›

Amalgamated

Updated: 30 Aug 2025

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.

Subscription Plans

Industry and products

Transport and Storage

Seat options, Red Carpet, Inflight meals, AirAsia Travel Protection, Duty free and merchandise, ROKKI Wi-Fi, Entertainment

Company size

Auth Capital

₹ 10,000.0 Cr

Paidup Capital

₹ 4,195.0 Cr

Revenue

₹ >5000 cr

Key Metrics

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

Total Revenue

25.57%

₹ 5,476.4

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

India (1)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Alice Geevarghese Vaidyan	07394437	3 years
Director	Campbell David Mcgregor Wilson	09612044	3 years
Director	Prathivadibhayankara Rajagopalan Ramesh	01915274	3 years
Managing Director	Aloke Singh	07491378	3 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	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

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

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	35.71	40.45	40.48	124.38	197.83
Reserves	-51.18	-92.5	-130.87	-247.51	-447.88
Borrowings +	13.09	40.31	72.02	93.1	185.65
Long term borrowings	0.0	6.91	30.44	0.0	0.0
Short term borrowings	13.09	33.4	41.58	93.1	185.65
Trade payables	15.34	23.21	16.08	19.63	45.13
Other liabilities +	102.38	111.74	118.37	130.03	164.4
Other non-current liabilities	61.4	66.66	67.97	73.37	57.71
Other current liabilities	25.63	21.87	34.33	37.04	61.56
Total liabilities
Fixed Assets +	69.1	72.86	71.86	66.46	47.62
Tangible assets	69.1	72.6	71.65	66.29	47.5
CWIP	0.0	0.23	0.0	0.0	0.0
Intangible assets	0.0	0.03	0.21	0.17	0.12
LT loans and advances	4.45	3.85	0.0	0.0	0.0
Other non-current assets	1.16	1.69	7.45	8.9	13.28
Current assets +	25.28	21.6	20.69	24.65	39.1
Inventories	1.14	1.21	1.57	1.78	3.01
Trade receivables	7.95	5.92	5.12	1.2	5.41
Cash and cash equivalents	7.18	6.07	6.96	10.13	6.36
ST loans and advances	0.07	0.83	0.0	0.0	0.0
Other current assets	8.95	7.57	7.03	11.54	24.32
Total assets

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

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	95.3	91.64	98.65	98.83	95.14
Expenses +	120.24	203.35	213.85	163.07	120.98
Cost of goods	0.0	0.0	0.0	1.06	0.85
Employee cost	14.24	26.12	20.37	12.43	11.16
Other costs	88.37	118.62	143.99	125.5	91.75
Operating profit	-7.31	-53.1	-65.71	-40.16	-8.62
Other income	4.7	8.36	1.35	1.17	4.86
Interest	4.71	18.3	21.23	11.74	8.28
Depreciation	12.92	40.3	28.27	12.33	8.95
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-20.24	-103.35	-113.85	-63.07	-20.98
Tax	0.0	0.0	0.0	0.0	0.0
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-20.24	-103.35	-113.85	-63.07	-20.98

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

Ratios

Current ratio

Debt/equity ratio

Charges on assets

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

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
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
TEJAS NETWORKS LIMITED	Active	176.7 Cr	2	Karnataka
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	Amalgamated	370.3 Cr	1	Maharashtra
ITC HOTELS LIMITED	Active	208.3 Cr	1	West Bengal
AIR INDIA EXPRESS LIMITED	Active	3,017.1 Cr	4	Haryana
LARSEN AND TOUBRO LIMITED	Active	275.1 Cr	1	Maharashtra
AIR INDIA LIMITED	Active	36,351.9 Cr	3	Haryana
CYIENT LIMITED	Active	55.5 Cr	1	Telangana
NESTLE INDIA LIMITED	Active	192.8 Cr	1	Delhi
CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED	Active	128.8 Cr	1	Maharashtra
CIPLA LIMITED	Active	161.6 Cr	1	Maharashtra
UNION ASSET MANAGEMENT COMPANY PRIVATE LIMITED	Active	262.5 Cr	1	Maharashtra
TATA AIA LIFE INSURANCE COMPANY LIMITED	Active	5,383.5 Cr	1
TATA AIG GENERAL INSURANCE COMPANY LIMITED	Active	995.3 Cr	1
SAANKHYA LABS PRIVATE LIMITED	Amalgamated	9.7 Cr	1	Karnataka
GEOJIT FINANCIAL SERVICES LIMITED	Active	27.9 Cr	1	Kerala
TATA INVESTMENT CORPORATION LIMITED	Active	50.6 Cr	1	Maharashtra
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
AIR INDIA SATS AIRPORT SERVICES PRIVATE LIMITED	Active	234.8 Cr	1	Delhi

Tofler Score

Good

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.

CIN

U62200HR2013PTC113301

PAN

AALCA4699P

Incorporation

2013, 12.6 years

Company Email

mahalakshmis@airindiaexpress.com

Paid up Capital

₹ 4,195.0 Cr

Authorised Capital

₹ 10,000.0 Cr

AGM

Aug 2024

Type

Private

Others

FAQ - AIX CONNECT PRIVATE LIMITED

What is the incorporation date of AIX CONNECT PRIVATE LIMITED?

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

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

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?

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?

The registered address of AIX CONNECT PRIVATE 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 AIX CONNECT PRIVATE LIMITED?

The CIN number of AIX CONNECT PRIVATE LIMITED is U62200HR2013PTC113301.

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