Jet Privilege Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 1.10 M
- Company Age 12 Year, 7 Months
- Last Filing with ROC 31 Mar 2021
- Satisfied Charges ₹ 1,280.00 Cr
- Revenue Growth -51.17%
- Profit Growth 7.91%
- Ebitda 54.42%
- Net Worth -89.72%
- Total Assets -33.35%
About Jet Privilege
Jet Privilege Private Limited (JPPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 13 July 2012 and has a history of 12 years and seven months. Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Business Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2021. It's a company limited by shares with an authorized capital of Rs 2.50 M and a paid-up capital of Rs 1.10 M.
The company has closed loans amounting to ₹1,280.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Rajesh Prasad, Mark Potter, and Maria Casimiro 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
U74120MH2012PTC233351
- Company No.
233351
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
13 Jul 2012
- Date of AGM
09 May 2022
- Date of Balance Sheet
31 Mar 2021
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Business Services
Who are the key members and board of directors at Jet Privilege?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajesh Prasad  | Nominee Director | 01-Mar-2022 | Current |
Mark Potter  | Nominee Director | 19-Oct-2023 | Current |
Maria Casimiro  | Nominee Director | 19-Oct-2023 | Current |
Financial Performance of Jet Privilege.
Jet Privilege Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 51.17% decrease. The company also saw a slight improvement in profitability, with a 7.91% increase in profit. The company's net worth observed a substantial decline by a decrease of 89.72%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Jet Privilege?
In 2021, Jet Privilege had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Amritasa Green Private LimitedRajesh Prasad is a mutual person
- Amritasa Financial Solutions Private Limited
Rajesh Prasad is a mutual person
- Lady Aruna Swraj Paul Foundation
Rajesh Prasad is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹12,800.00 M
Charges Breakdown by Lending Institutions
- The Hongkong And Shanghai Banking Corporation Limited : 1280.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Dec 2013 | The Hongkong And Shanghai Banking Corporation Limited | ₹560.00 Cr | Satisfied |
| 16 May 2013 | The Hongkong And Shanghai Banking Corporation Limited | ₹500.00 Cr | Satisfied |
| 29 Apr 2013 | The Hongkong And Shanghai Banking Corporation Limited | ₹220.00 Cr | Satisfied |
How Many Employees Work at Jet Privilege?
Jet Privilege has a workforce of 62 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 Jet Privilege, 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 Jet Privilege'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 Jet Privilege
Recent activity within the organization
- Director Appointment
Mark Brodie Potter was appointed as a Nominee Director was appointed as a Nominee Director on 19 Oct 2023 & has been associated with this company since 1 year 4 months .
- Director Appointment
Maria Luisa Martins Casimiro was appointed as a Nominee Director was appointed as a Nominee Director on 19 Oct 2023 & has been associated with this company since 1 year 4 months .
- Annual General Meeting
Jet Privilege Private Limited last Annual general meeting of members was held on 09 May 2022 as per latest MCA records.
- Director Appointment
Rajesh Prasad was appointed as a Nominee Director was appointed as a Nominee Director on 01 Mar 2022 & has been associated with this company since 3 years 2 days .
- Balance Sheet
Jet Privilege Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Mumbai.
- Charges
A charge registered on 16 May 2013 via Charge ID 10425789 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 31 Jul 2018.
Recent News, Updates & Announcement
Jet Privilege on 'accelerated growth path', says senior executive.Even as Jet Airways faced turbulence before being forced to ground operations on April 17, Jet Privilege Pvt Ltd (JPPL) has been a profitable venture. The company's profit after tax rose to R 129.82 crore last year from Rs 121.64 crore in 2017, as per a document issued for prospective bidders of Jet Airways under the insolvency process..
- Jet Airways’ stake in frequent flyer scheme key for potential bidders | Mint.
Lenders expect an attractive valuation for Jet Privilege, which has remained profitable despite the crisis at the airline.Jet Privilege’s customer base has jumped from 7.3 million to 9 million in the past year.
- ED investigates Etihad Airways investment in Jet Privilege | Mint.
The agency is trying to ascertain if certain FDI norms were violated when Etihad took a stake in Jet Privilege in 2014.The probe threatens to intensify woes for Jet Airways, which suspended services on 17 April amid a cash crunch and over $1 billion in debt.
Frequently asked questions
What is the Incorporation or founding date of Jet Privilege Private Limited?
Jet Privilege Private Limited was incorporated on 13 Jul 2012.
What is authorized share capital and paid-up capital of Jet Privilege Private Limited?
The authorized share capital of Jet Privilege Private Limited is ₹ 2.50 M and paid-up capital is ₹ 1.10 M.
Who are the current board members & directors of Jet Privilege Private Limited?
Currently 3 directors are associated with Jet Privilege Private Limited.
- Rajesh Prasad
- Mark Brodie Potter
- Maria Luisa Martins Casimiro
What is the registered address of Jet Privilege Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Jet Privilege Private Limited is Unit No. 703 7Th Floor Wallstreet Building Andheri Kurla Road, Andheri East India, Mumbai, Maharashtra, 400099.
What is the corporate identification number (CIN) and company number of Jet Privilege Private Limited?
The corporate identification number (CIN) of Jet Privilege Private Limited is U74120MH2012PTC233351 and the company number is 233351 as per Ministry of Corporate Affairs (MCA).
What is the official website of Jet Privilege Private Limited?
The Official website of Jet Privilege Private Limited is https://www.intermiles.com
What has been the recent revenue trend for Jet Privilege Private Limited?
According to the financial reports for the fiscal year 2021, the revenue trend for Jet Privilege Private Limited has fallen by -51.17%.
How many employees does Jet Privilege Private Limited currently have?
As Per 2021 financial reports, 62 employees are currently employed by Jet Privilege Private Limited.
What change has been observed in the net worth of Jet Privilege Private Limited, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Jet Privilege Private Limited has experienced an downturn of -89.72%.
When was the last Balance Sheet of Jet Privilege Private Limited filed with the ROC?
The most recent Balance Sheet for Jet Privilege Private Limited was filed with the ROC on 31 Mar 2021.
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