Research Store

Research Store

Research Store
add to cart Register yourself and then log-in with your user ID and password, before clicking on 'Add to Cart'
Issue Date:04 November 2017     Price in Rs. R 6500    Price in USD. $ 100

Mumbai based  Air Works India Engineering Pvt Ltd is a market leader in India in the aircraft MRO industry. It has also built presence outside India acquisitions and subsidiaries. Air Works provides MRO, painting, aircraft management services, aircraft sales and aircraft charter services. The company has a pan-India network of line maintenance stations in 21 cities and airline heavy maintenance hangars in Hosur, near Bangalore. The company also operates 20 painting bays spread across the UK, France, Slovak Republic and India.


The company was incorporated in Sep’86. It has 3 directors – VN Gour (managing director), Ravi S Menon, Luv Chhabra, Michael Peter Schulhof, MM Nambiar. The company has raised external capital from NEA and GTI Capital.


For the year ended Mar’16, the company reported standalone revenue of INR 6B (~USD 94m), EBITDA margin of ~5.6%, but a net loss of USD5m. The loss was due to high interest cost of nearly USD6m. The company’s revenues have stagnated since FY14, while EBITDA margin has slipped from around 10% downwards.

  • Company Background
  • Business Highlights
  • Financial Performance
  • Financial Details
  • Board of Directors
  • Financial Summary
  • Profit & Loss Account
  • Balance Sheet
  • Ratios
No data to display