SKYNEX AERO PRIVATE LIMITED

Business Overview

Skynex Aero operates as a flight training organisation (FTO) — described on its own site as "the first flight school established under the Airports Authority of India's Atmanirbhar initiative." It offers Commercial Pilot License (CPL), Private Pilot License (PPL), Multi-Engine Endorsement, Instrument Rating, Foreign License Conversion and Flight Instructor Rating courses, runs airbases at Jalgaon (Maharashtra) and Mehsana (Gujarat) with head office in New Delhi, and states 170+ cadets in training, 127+ CPL completions, an 18+ aircraft fleet (15 Piper Archer DX, 2 Cessna C172, 1 Tecnam P2006T), 32+ instructors and 48,000+ accumulated flight hours. It also runs an in-house CAR-145 maintenance facility. Registry sources classify it under Education/vocational training, consistent with the FTO business. Source: skynex.aero (official site); sector classification corroborated by thecompanycheck.com. DPIIT-recognised Startup (per falconebiz.com).

Sector & Classification

Education — vocational/skill development training (flight/pilot training); NIC code not stated by sources

Directors & Key Management

GST Registrations

Not obtained. No GSTIN could be retrieved from knowyourgst.com (page error), findgst.in (page error), mastersindia.co (404) or tofler.in (GST section is Pro-subscription gated). Do not assume home-state GSTIN; PAN is ABCCS2543N (confirmed via tofler.in) but the associated GSTIN(s), registration count, and status are not obtained.

Financials

FY2025 (year likely ending 31 Mar 2025, per thecompanycheck.com): Revenue ≈ INR 27.42 Crore (+70% YoY) — figure and growth-rate corroborated independently by tofler.in, which shows Total Revenue +70.31% YoY and a revenue band of "₹25–50 Cr" for the same period (tofler's separate FY-Mar-2024 band was "₹1–100 Cr", i.e. wide/unconfirmed). Tofler.in additional YoY ratios (FY2025): EBITDA +114.42%, Net Profit +230.15%, Net worth +25.23%, Borrowings −2.09%, Assets +22.13%; Operating margin 6.21%, Net profit margin 3.31%, ROE 12.51%, ROCE 11.92%, Debt-to-equity −0.38 (all ratios, not absolute INR figures). Absolute EBITDA, PAT and net-worth rupee values are locked behind paid tiers on both Tofler and TheCompanyCheck and are NOT obtained — do not treat the growth percentages as implying specific absolute figures. Standalone vs consolidated basis not stated by either source (company has no disclosed subsidiaries, so likely standalone). Last filed financials reference year ended 31 Mar 2024 per thecompanycheck.com, alongside the FY2025 growth stats — small inconsistency in filing-year labeling between the two sources, flagged here.

Funding History

No VC/PE funding rounds found on any source checked (Tofler, TheCompanyCheck, Falconebiz, company site). Falconebiz.com notes DPIIT "Recognised Startup" status but this is a registration status, not a funding event. Status: none found.

Shareholding

Not obtained. Sources checked (tofler.in, thecompanycheck.com) gate shareholding-pattern detail behind paid subscriptions; no free-tier disclosure found. Known: Vanita Bhardwaj is noted as a "Director/Shareholder" by tofler.in, implying she holds equity, but percentage holding is not obtained.

Loans & Charges

One open charge found: INR 5 Crore, chargee Axis Bank Limited, registered 27 Oct 2023 (Source: thecompanycheck.com). One satisfied charge: INR 4.8 Crore, "Others" as chargeholder, satisfied 05 Dec 2025 (Source: thecompanycheck.com). Single-source only — not independently corroborated on Tofler or Falconebiz (which did not surface charge detail in the fetched pages), so treat as partial/unconfirmed pending a second source.

Related Parties

No related-party transactions or group-company structure disclosed in any source fetched. Auditor for FY2023 named as R K A C A & Associates LLP (Source: thecompanycheck.com). Status: none found beyond auditor name.

Credit Ratings

None found. No CRISIL/ICRA/CARE rating surfaced for Skynex Aero Private Limited in any source checked; likely unrated (typical for a company of this size that has not issued rated debt instruments), but this is an inference, not a confirmed absence.

Legal & Compliance

One incidental court reference found via Indian Kanoon: "Harsch Rohit Prabhu vs State Of Kerala" (Kerala High Court, 5 March 2026) — the judgment references an admission letter from "SKYNEX AERO FLIGHT TRAINING ORGANISATION" (Annexure 1) admitting the petitioner as a CPL student; Skynex Aero itself is not a party to the case, merely mentioned in evidence. No litigation against or by the company itself was found. Source: indiankanoon.org.

Competitive Landscape

Based on general sector knowledge of Indian flight training organisations (not individually source-verified for this task): 1) Indira Gandhi Rashtriya Uran Akademi (IGRUA) — large, government-backed, national scale; 2) CAE Gondia / CAE Global Academy — large, multinational-backed training hub; 3) Bombay Flying Club — mid-size, legacy Mumbai-based FTO; 4) Rajiv Gandhi Aviation Academy (Hyderabad) — mid-size regional FTO; 5) Ahmedabad Aviation and Aeronautics Ltd (AAAL) — mid-size, Gujarat-based; 6) Chimes Aviation Academy — small-to-mid, multiple India locations. Skynex Aero, with ~170 cadets and 18 aircraft across 2 airbases, is comparable in scale to the smaller/mid-tier private FTOs on this list rather than the large government academies.

Frequently Asked Questions