Big Charter Private Limited - Due diligence report

A 360° intelligence report on Fly Big Airlines: trust score, financial health, credit view, compliance, directors, growth and distress signa…

2014-12-13 Mumbai, Maharashtra Active Unlisted Active Compliant
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Fly Big Airlines — 360° Intelligence Report

Generated from MCA filings & public records
86/100
Trust Score
Low Risk

Fly Big Airlines is assessed as Low Risk with a Trust Score of 86/100. Fly Big Airlines is an active private limited indian non-government company incorporated in 2014, operating in the Transport and Logistics sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.

Report generated on 15 Jul 2026 from the latest processed filings. Big Charter Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
74/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 55/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 5 open (22.85 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Axis Bank Limited3 48.0 cr
Others1 48.0 cr
Indian Overseas Bank1 48.0 cr
Compliance Score: 74/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 2 court forum(s).
  • 16 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
RUCHIR MANDAVIA 01234567 Director 01/04/2018 6 yrs Approved
ASHISH AGGARWAL 01234567 Director 01/04/2018 6 yrs Approved
SANJAY NATVARLAL MANDAVIA 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
Director & KMP remuneration (FY 2021)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2021 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Flight Simulation Solutions Private Limited
Subsidiaries
-
Group entities
-
Capital events
10 allotment(s) · 4 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Flight Simulation Solutions Private Limited Holding Company 74.00%

Key managerial personnel: SANJAY NATVARLAL MANDAVIA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 80
Growth signals & trust indicators
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 11+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 0.86 in a year.
5 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence79/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment70/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 5 open charge(s) of 22.85 cr already registered.
  • Compliance record supports lending.
Investor view85/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Dec 2024
Last AGM held
Annual general meeting
28 Oct 2024
Charge created
Indian Overseas Bank - 1.00 cr
08 Apr 2024
Charge created
Others - 10.00 cr
31 Mar 2024
Latest balance sheet
Filed with ROC
02 Jan 2024
Director appointed
RUCHIR MANDAVIA (Additional Director)
17 May 2023
Director appointed
ASHISH AGGARWAL (Company Secretary)
14 Mar 2023
Director ceased
RUCHIR MANDAVIA
13 Mar 2023
Director ceased
AMAN SISODIA
09 Feb 2023
Charge created
Axis Bank Limited - 1.45 cr
20 Oct 2022
Securities allotted
7118267 Equity Shares - 7.12 cr raised
30 Aug 2022
Charge created
Axis Bank Limited - 40.22 Lakh
30 Mar 2022
Securities allotted
3495936 Equity Shares - 3.50 cr raised
27 Nov 2021
Director appointed
SANJAY NATVARLAL MANDAVIA (Managing Director)
30 Sep 2021
Charge created
Axis Bank Limited - 10.00 cr
21 Sep 2021
Securities allotted
370920 Equity Shares - 37.09 Lakh raised
10

Key Observations

Auto-generated from the data above
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
16 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2021 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 10 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Garuda Power U29305WB2009PTC132895 Kolkata, West Bengal, India
Beauty Impex Private Limited U74950WB2000PTC092410 Kolkata, West Bengal, India
Finicity U72200MH2005PTC154044 Thane, Maharashtra, India
Roinet U72200DL2012PTC230207 New Delhi, Delhi, India
Swami Fuels Private Limited U23101MH2010PTC207754 Nagpur, Maharashtra, India
Trendy Wheels Private Limited U50101PN2005PTC021228 Kolhapur, Maharashtra, India
Samson Maritime U45200MH2008PLC185622 Mumbai, Maharashtra, India
Adorfon L31909KA1974PLC020010 Na, Karnataka, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Fly Big Airlines before audits and certifications: compliance score 74/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Fly Big Airlines: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Fly Big Airlines - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether Fly Big Airlines pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Fly Big Airlines - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Fly Big Airlines an active company?

Fly Big Airlines has MCA status “Active” with a compliance score of 74/100 (Moderate).

Is Fly Big Airlines financially healthy?

Fly Big Airlines has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Fly Big Airlines?

Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Fly Big Airlines?

The ultimate holding entity is Flight Simulation Solutions Private Limited. 3 active director(s) are on record.

Does Fly Big Airlines have loans or charges against its assets?

5 open charge(s) are registered against its assets.

Is Fly Big Airlines up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 74/100 (Moderate).

Is it risky to lend to Fly Big Airlines?

Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.