Interglobe Aviation Limited - Due diligence report

A 360° intelligence report on Goindigo: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…

2004-01-13 New Delhi, Delhi Active Listed Active Compliant
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IA Interglobe Aviation Limited
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Goindigo — 360° Intelligence Report

Generated from MCA filings & public records
51/100
Trust Score
Moderate

Goindigo is assessed as Moderate with a Trust Score of 51/100. Goindigo is an active public limited indian non-government company incorporated in 2004, operating in the Transport and Logistics sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

Report generated on 27 Jun 2026 from the latest processed filings. Interglobe Aviation Limited snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong Neutral

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 ScoreModerate
51/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
25/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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.

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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: 45/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Externally credit-rated (A1).

Charges position: 85 open (44,687.26 cr) · 97 satisfied (23,801.93 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others72 48.0 cr
J.P. Morgan Europe Limited22 48.0 cr
Bnp Paribas Singapore Branch12 48.0 cr
Standard Chartered Bank4 48.0 cr
Pembroke Aircraft Leasing 4 Limited6 48.0 cr
Dbs Bank Ltd1 48.0 cr
Compliance Score: 42/100 Caution Indicated
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: SEBI, NSE, BSE.
  • Litigation present in 3 court forum(s).
  • Delayed payments to MSME suppliers disclosed (83 disclosure(s)).
  • 40 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 45/100
NameDIN / PANDesignationAppointedTenureDIN status
AMITABH KANT 01234567 Director 01/04/2018 6 yrs Approved
GREGG ALBERT SARETSKY 01234567 Director 01/04/2018 6 yrs Approved
BIRENDER SINGH DHANOA 01234567 Director 01/04/2018 6 yrs Approved
PETRUS JOHANNES THEODORUS ELBERS 01234567 Director 01/04/2018 6 yrs Approved
NEERJA SHARMA 01234567 Director 01/04/2018 6 yrs Approved
Gaurav M. Negi 01234567 Director 01/04/2018 6 yrs Approved
VIKRAM SINGH MEHTA 01234567 Director 01/04/2018 6 yrs Approved
RAHUL BHATIA 01234567 Director 01/04/2018 6 yrs Approved
ANIL PARASHAR 01234567 Director 01/04/2018 6 yrs Approved
GAURAV MANOHER NEGI 01234567 Director 01/04/2018 6 yrs Approved
NEERJA SHARMA 01234567 Director 01/04/2018 6 yrs Approved
MELEVEETIL DAMODARAN 01234567 Director 01/04/2018 6 yrs Approved
MICHAEL GORDON WHITAKER 01234567 Director 01/04/2018 6 yrs Approved
PALLAVI SHARDUL SHROFF 01234567 Director 01/04/2018 6 yrs Approved
Gaurav Manoher Negi 01234567 Director 01/04/2018 6 yrs Approved
  • 15 directors on the board.
  • MICHAEL GORDON WHITAKER has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 3 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
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 2023 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
-
Subsidiaries
1
Group entities
1
Capital events
3 allotment(s) · 4 transfer(s)

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

Group entityRelationship% held
Agile Airport Services Private Limited Subsidiary Company 74.00%

Key managerial personnel: PETRUS JOHANNES THEODORUS ELBERS (CEO) · Gaurav M. Negi (CFO) · RAHUL BHATIA (Managing Director) · GAURAV MANOHER NEGI (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 90 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Asset base grew 24% - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 22+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
Compliance score is weak (42/100).
85 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 4.86 cr.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence53/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment38/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 85 open charge(s) of 44,687.26 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view58/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
05 Dec 2025
Director ceased
AMITABH KANT
12 Nov 2025
Charge satisfied
Others
08 Oct 2025
Charge satisfied
Standard Chartered Bank
Charge satisfied
Others
06 Oct 2025
Charge satisfied
J.P. Morgan Europe Limited
26 Sep 2025
Charge satisfied
J.P. Morgan Europe Limited
18 Sep 2025
Charge satisfied
Others
15 Sep 2025
Director appointed
AMITABH KANT (Director)
02 Sep 2025
Charge satisfied
Others
01 Sep 2025
Charge satisfied
Others
20 Aug 2025
Last AGM held
Annual general meeting
13 Aug 2025
Charge satisfied
J.P. Morgan Europe Limited
12 Aug 2025
Charge satisfied
J.P. Morgan Europe Limited
31 Jul 2025
Charge satisfied
Others
14 Jul 2025
Director appointed
MICHAEL GORDON WHITAKER (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
15 active director(s) / partner(s); review board churn before relying on management continuity.
40 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A1 from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
4 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Nipponexpress U63031KA2006PTC040642 Bangalore, Karnataka, India
Gmr Hyderabad International Airport U62100TG2002PLC040118 Shamshabad, Telangana, India
Issgf India Private Limited U63030MH2018FTC310257 Navi Mumbai, Maharashtra, India
Mspl U13100MH1961PLC012160 Mumbai, Maharashtra, India
Nsil U74999KA2019GOI122175 Bangalore North, Karnataka, India
Db Schenker U63010DL1990FTC042364 New Delhi, Delhi, India
Airasia U62200HR2013PTC113301 Gurugram, Haryana, India
Spicejet L51909DL1984PLC288239 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Goindigo before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Goindigo: 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: Enhanced diligence advised. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 90/100, margin trends, ownership structure and peer set for Goindigo - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 51/100, distress signals and MSME payment-delay disclosures - know whether Goindigo pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Goindigo - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Goindigo an active company?

Goindigo has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).

Is Goindigo financially healthy?

Goindigo has a Financial Health Score of 25/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Goindigo?

Its overall Trust Score is 51/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Goindigo?

Promoters hold a majority stake - exact percentages are in the full report. 15 active director(s) are on record.

Does Goindigo have loans or charges against its assets?

85 open charge(s) are registered against its assets, and 97 earlier charge(s) stand satisfied.

Is Goindigo up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).

Is it risky to lend to Goindigo?

Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

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.