Aircel Profile
Key Indicators
- Authorised Capital ₹ 20,000.00 Cr
- Paid Up Capital ₹ 8,334.77 Cr
- Company Age 30 Year, 2 Months
- Last Filing with ROC 31 Mar 2017
- Open Charges ₹ 25,509.66 Cr
- Satisfied Charges ₹ 72,841.84 Cr
- Revenue Growth 0.82%
- Profit Growth 8.08%
- Ebitda -173.61%
- Net Worth -10.87%
- Total Assets -18.64%
About Aircel
Aircel Limited (AL) is a leading Public Limited Indian Non-Government Company incorporated in India on 20 December 1994 and has a history of 30 years and two months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Srinivas Cellcom Limited. The Company is engaged in the Telecom Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2017. It's a company limited by shares with an authorized capital of Rs 20,000.00 Cr and a paid-up capital of Rs 8,334.77 Cr.
The company currently has active open charges totaling ₹25,509.66 Cr. The company has closed loans amounting to ₹72,841.84 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Aircel Limited India is Kamran Habib as COMPANY SECRETARY. Sanjeev Jain, Prakash Mishra, Sandeep Vats, and One other member serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U32201MH1994PLC284030
- Company No.
284030
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
20 Dec 1994
- Date of AGM
26 Jul 2017
- Date of Balance Sheet
31 Mar 2017
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Telecom
Who are the key members and board of directors at Aircel?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kamran Habib  | Company Secretary | 10-Apr-2019 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sanjeev Jain | Additional Director | 10-Apr-2019 | Current |
| Sandeep Vats | Director | 18-Feb-2018 | Current |
| Prakash Mishra | Director | 18-Feb-2018 | Current |
| Kidambi Varadharajan | Director | 03-Apr-2024 | Current |
Financial Performance of Aircel.
Aircel Limited, for the financial year ended 2017, experienced modest growth in revenue, with a 0.82% increase. The company also saw a slight improvement in profitability, with a 8.08% increase in profit. The company's net worth observed a substantial decline by a decrease of 10.87%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Aircel?
In 2017, Aircel had a promoter holding of 100.00%. The company had 3 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Vastram Worldwide Private LimitedPrakash Mishra is a mutual person
- Aircel Cellular Limited
Sanjeev Jain, Prakash Mishra and 1 more are mutual person
- Dishnet Wireless Limited
Sanjeev Jain, Prakash Mishra and 3 more are mutual person
Vardhman Acrylics LimitedSanjeev Jain is a mutual person
Thg Nutrition (India) Private LimitedPrakash Mishra is a mutual person
- Omagen Healthcare Private Limited
Prakash Mishra is a mutual person
Charges (Loans)
Open Charges
₹25,509.66 Cr
Satisfied Charges
₹72,841.84 Cr
Charges Breakdown by Lending Institutions
- Others : 17479.00 Cr
- Sbicap Trustee Company Limited : 8030.66 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Apr 2014 | Sbicap Trustee Company Limited | ₹4,015.33 Cr | Open |
| 26 Apr 2014 | Others | ₹17,479.00 Cr | Open |
| 12 Jul 2011 | Sbicap Trustee Company Limited | ₹543.16 Cr | Open |
| 29 Apr 2011 | Sbicap Trustee Company Limited | ₹3,472.17 Cr | Open |
| 25 Feb 2014 | Sbicap Trustee Company Limited | ₹13,729.00 Cr | Satisfied |
How Many Employees Work at Aircel?
Aircel has a workforce of 15 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Aircel, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Aircel's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Aircel
Recent activity within the organization
- Director Appointment
Kidambi Parthasarathy Varadharajan was appointed as a Director was appointed as a Director on 03 Apr 2024 & has been associated with this company since 10 months 28 days .
- Charges
A charge with Others of Rs. 17,479.00 Cr registered on 26 Apr 2014 with Charge ID 10493557 was modified on 30 Sep 2021.
- Director Appointment
Sanjeev Jain was appointed as a Additional Director was appointed as a Additional Director on 10 Apr 2019 & has been associated with this company since 5 years 10 months .
- Director Appointment
Kamran Habib was appointed as a Company Secretary was appointed as a Company Secretary on 10 Apr 2019 & has been associated with this company since 5 years 10 months .
- Director Appointment
Prakash Radheshyam Mishra was appointed as a Director was appointed as a Director on 18 Feb 2018 & has been associated with this company since 7 years 12 days .
- Director Appointment
Sandeep Vats was appointed as a Director was appointed as a Director on 18 Feb 2018 & has been associated with this company since 7 years 12 days .
Recent News, Updates & Announcement
Aircel sacks 1000 of its 1229 employees.MUMBAI: Aircel and its unit have sacked some 1,000 of its 1,229 remaining employees, unable to meet related costs as the resolution professional (RP) Deloitte strives to keep the bankrupt mobile phone company running so that its assets fetch a good price in the ongoing insolvency process."There has not been a regular source of any cash flow from operations, and the funds garnered from recoveries/litigations could only help sustain for a limited timeframe. The companies have now reached a precari....
- "When Justice Seems Within Reach, CBI Delays with Affidavit in Aircel-Maxis Case #JusticeDelayed #CantCatchABreak".
When you thought you were finally gonna get justice but the CBI be like "wait, let me file an affidavit first." #AircelMaxisCase #JusticeDelayed #CantCatchABreak.
- Telecom department rejects Aircel's resolution proposal.
The Department of Telecommunications (DoT) has rejected the resolution proposal cleared by bankrupt telco Aircel’s lenders under which Rs 16.50 crore was earmarked for all operational creditors, including the government, saying it was insufficient to cover for its license and spectrum related dues."As per their plan (that of resolution professional), a sum of Rs 16.50 crore has been earmarked for all operational creditors. There is no specific provision for the DoT," the counsel representing the....
- Aircel's Bankruptcy Sparks Controversy as Resolution Process Threatens Government's Control of Spectrum Auctions.
When Aircel went bankrupt, its resolution professional and potential buyer UVARCL started talking to Bharti Airtel, Vodafone Idea, and Reliance Jio to sell its spectrum. This goes against the government's belief that only they can sell airwaves through auctions. The DoT realized they would only get a small amount from the resolution process, so they want the spectrum to be returned and auctioned at market rates. Aircel's assets, including spectrum, are worth less now, so creditors will only get a small amount back. The DoT can fight this, but it's unlikely they will win..
Frequently asked questions
What is the Incorporation or founding date of Aircel Limited?
Aircel Limited was incorporated on 20 Dec 1994.
What is authorized share capital and paid-up capital of Aircel Limited?
The authorized share capital of Aircel Limited is ₹ 20,000.00 Cr and paid-up capital is ₹ 8,334.77 Cr.
Who are the current board members & directors of Aircel Limited?
Currently 5 directors are associated with Aircel Limited.
- Sanjeev Jain
- Prakash Radheshyam Mishra
- Sandeep Vats
- Kidambi Parthasarathy Varadharajan
- Kamran Habib
What is the registered address of Aircel Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Aircel Limited is Opus Centre 47 Central Road Opposite Tunga Paradise, Midc India, Andheri E, Maharashtra, 400093.
What is the corporate identification number (CIN) and company number of Aircel Limited?
The corporate identification number (CIN) of Aircel Limited is U32201MH1994PLC284030 and the company number is 284030 as per Ministry of Corporate Affairs (MCA).
What is the official website of Aircel Limited?
The Official website of Aircel Limited is https://www.aircel.com
What has been the recent revenue trend for Aircel Limited?
According to the financial reports for the fiscal year 2017, the revenue trend for Aircel Limited has risen by 0.82%.
How many employees does Aircel Limited currently have?
As Per 2017 financial reports, 15 employees are currently employed by Aircel Limited.
What change has been observed in the net worth of Aircel Limited, and by what percentage?
The financial reports for the fiscal year 2017 indicates that The net worth of Aircel Limited has experienced an downturn of -10.87%.
What are the total open charges for Aircel Limited?
As per the financial statements for fiscal Year 2017, The total open charges for Aircel Limited amount to ₹ 25,509.66 Cr.
When was the last Balance Sheet of Aircel Limited filed with the ROC?
The most recent Balance Sheet for Aircel Limited was filed with the ROC on 31 Mar 2017.
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