Go Airlines (India) Limited

Founded in 2004 and headquartered in Delhi, India.

2004 | Delhi (India) | Under Insolvency
Last Updated: January 18, 2025

Go Airlines (India) Profile

Key Indicators

  • Authorised Capital ₹ 960.00 Cr
  • Paid Up Capital ₹ 722.58 Cr
  • Company Age 20 Year, 9 Months
  • Last Filing with ROC 31 Mar 2022
  • Open Charges ₹ 9,350.84 Cr
  • Satisfied Charges ₹ 612.30 Cr
  • Revenue Growth 86.97%
  • Profit Growth -107.69%
  • Ebitda -103.08%
  • Net Worth -40.66%
  • Total Assets 14.19%

About Go Airlines (India)

Go Airlines (India) Limited (GAIL) is Under Cirp company established on 29 Apr 2004 with its office registered at Delhi, India and has been running since 20 Year, 9 Months with a paid up capital of 722.58 Cr. According to MCA records, 7 Directors and 3 Signatories are linked to this company as of 18 Jan 2025.

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    goair.in

  • Social Media
  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U63013DL2004PLC217305

  • Company No.

    217305

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    29 Apr 2004

  • Date of AGM

    26 Sep 2022

  • Date of Balance Sheet

    31 Mar 2022

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Transport and Logistics

What products or services does Go Airlines (India) Limited offer?

Go Airlines (India) Limited offers a wide range of products and services, including Tour Packages, International Tour Packages, Honeymoon Packages, Domestic Tour Operators, Travel Service, Goa Tour, Family Tour Services, Insurance Agents and Services, Insurance Service, Pilgrim Tour Packages.

Who are the key members and board of directors at Go Airlines (India)?

Executive Team (3)

NameDesignationAppointment DateStatus
Manish Sehgal Country flag representing In Company Secretary22-Nov-2021Current
Kaushik Khona CEO14-Aug-2020Current
Niraj Kumar Country flag representing In CFO08-Oct-2022Current

Board Members (7)

NameDesignationAppointment DateStatus
Varun Berry Country flag representing In Director 25-Sep-2017Current
Ness Wadia Country flag representing In Director 29-Apr-2004Current
Vijay Kelkar Country flag representing In Director 21-Jun-2011Current
Nusli Wadia Country flag representing In Director 01-Jun-2004Current
Yashwant Thorat Country flag representing In Director 18-Oct-2019Current
Vinesh Jairath Country flag representing In Director 25-Sep-2017Current

Financial Performance of Go Airlines (India).

Go Airlines (India) Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 86.97% increase. The company also saw a substantial fall in profitability, with a 107.69% decrease in profit. The company's net worth observed a substantial decline by a decrease of 40.66%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
86.97%
Revenue from Operations
92.65%
Total Assets
14.19%
Profit or Loss
-107.69%
Net Worth
-40.66%
EBITDA
-103.08%

What is the Ownership and Shareholding Structure of Go Airlines (India)?

In 2022, Go Airlines (India) had a promoter holding of 65.73% and a public holding of 34.27%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹9,350.84 Cr

Satisfied Charges

₹612.30 Cr

Charges Breakdown by Lending Institutions

  • Others : 6719.49 Cr
  • Central Bank Of India : 2522.00 Cr
  • Idbi Bank Limited : 79.35 Cr
  • Axis Bank Limited : 30.00 Cr

Latest Charge Details

DateLenderAmountStatus
10 Apr 2023Others₹510.77 CrOpen
27 Mar 2023Idbi Bank Limited₹11.33 CrOpen
27 Mar 2023Idbi Bank Limited₹9.44 CrOpen
21 Mar 2023Others₹245.00 CrOpen
20 Mar 2023Others₹245.00 CrOpen

How Many Employees Work at Go Airlines (India)?

Go Airlines (India) has a workforce of 3929 employees as of Mar 29, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Go Airlines (India), 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 Go Airlines (India)'s trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Go Airlines (India)

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 510.77 Cr with Charge ID 100701887 was registered on 10 Apr 2023.

    10 Apr 2023

  • Charges

    A charge with Idbi Bank Limited amounted to Rs. 11.33 Cr with Charge ID 100704876 was registered on 27 Mar 2023.

    27 Mar 2023

  • Charges

    A charge with Idbi Bank Limited amounted to Rs. 9.44 Cr with Charge ID 100705744 was registered on 27 Mar 2023.

    27 Mar 2023

  • Charges

    A charge with Others amounted to Rs. 245.00 Cr with Charge ID 100689774 was registered on 21 Mar 2023.

    21 Mar 2023

  • Charges

    A charge with Others amounted to Rs. 245.00 Cr with Charge ID 100688895 was registered on 20 Mar 2023.

    20 Mar 2023

  • Charges

    A charge with Others amounted to Rs. 588.65 Cr with Charge ID 100686287 was registered on 10 Mar 2023.

    10 Mar 2023

Frequently asked questions

  • Go Airlines (India) Limited was incorporated on 29 Apr 2004.

  • The authorized share capital of Go Airlines (India) Limited is ₹ 960.00 Cr and paid-up capital is ₹ 722.58 Cr.

  • Currently 10 directors are associated with Go Airlines (India) Limited.

    • Vijay Laxman Kelkar
    • Nusli Neville Wadia
    • Ness Nusli Wadia
    • Yashwant Shankarrao Patil Thorat
    • Vinesh Kumar Jairath
    • Varun Berry
    • Ben Basil Baldanza
    • Manish Sehgal
    • Kaushik Chandrahas Khona
    • Niraj Kumar
  • As per Ministry of Corporate Affairs (Mca), the registered address of Go Airlines (India) Limited is C/O Britania Industries Limited A-33 Lawrence Road Industrial Area, India, New Delhi, 110035.

  • The corporate identification number (CIN) of Go Airlines (India) Limited is U63013DL2004PLC217305 and the company number is 217305 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Go Airlines (India) Limited is https://www.goair.in

  • According to the financial reports for the fiscal year 2022, the revenue trend for Go Airlines (India) Limited has risen by 86.97%.

  • As Per 2022 financial reports, 3929 employees are currently employed by Go Airlines (India) Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Go Airlines (India) Limited has experienced an downturn of -40.66%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Go Airlines (India) Limited amount to ₹ 9,350.84 Cr.

  • The most recent Balance Sheet for Go Airlines (India) Limited was filed with the ROC on 31 Mar 2022.

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