Promoter holding
64.27%
LA
Ligare Aviation Limited - Due diligence report
A 360° intelligence report on Ligare: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Ligare — 360° Intelligence Report
Generated from MCA filings & public records35/100
Trust Score
Caution Indicated
Ligare is assessed as Caution Indicated with a Trust Score of 35/100. Ligare is a public limited indian non-government company incorporated in 1996, operating in the Transport and Logistics sector. Reported revenue has declined 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 17 Aug 2026 from the latest processed filings. Ligare Aviation Limited snapshot & full profile →
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 & explainableTrust ScoreCaution Indicated
35/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
5/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
20/100
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 accessScores 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
- Negative operating earnings - debt service depends on external support.
- Externally credit-rated (D).
Charges position: 4 open (450.00 cr) · 20 satisfied (909.64 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Yes Bank Limited | 13 | 48.0 cr |
| Axis Bank Limited | 3 | 48.0 cr |
| Indusind Bank Ltd. | 3 | 48.0 cr |
| The Ratnakar Bank Limited | 1 | 48.0 cr |
| Others | 1 | 48.0 cr |
| The Royal Bank Of Scotland N. V. | 1 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Under Cirp" - not Active.
- Last balance sheet is for Mar 2021 - filings overdue.
- Flagged by authority: SEBI, DRT.
- Litigation present in 5 court forum(s).
- 1 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| GAUTAM SINGHAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GOPINATH MOHAN GOPAKUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MUKESH ARORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEPAK KUMAR JENA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAHUL KWATRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEPAK KUMAR JENA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHRESTHA DEV BURMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHIVANGI SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MUKESH ARORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| REENA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 10 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2021 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Rhc Finance Private Limited
Subsidiaries
-
Group entities
-
Capital events
23 allotment(s) · 3 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Rhc Finance Private Limited | Holding Company | 74.00% |
Key managerial personnel: MUKESH ARORA (CFO) · SHRESTHA DEV BURMAN (Whole-time director) · MUKESH ARORA (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 20
Growth signals & trust indicators
Operating for 29+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Statutory filings appear overdue.
Adverse company status: Under Cirp.
Compliance score is weak (5/100).
4 open charge(s) registered - assets are encumbered.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence18/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 4 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment23/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 450.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view26/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events12 Sep 2023
Director appointed
GAUTAM SINGHAL (IRP/RP/Liquidator)
23 Dec 2021
Director appointed
MUKESH ARORA (CFO)
25 Nov 2021
Director ceased
SHIVANGI SINGH
Director ceased
REENA
Last AGM held
Annual general meeting
11 Aug 2021
Director appointed
SHIVANGI SINGH (Director)
Director appointed
REENA (Director)
07 Apr 2021
Director ceased
KIRAN SHARMA
31 Mar 2021
Latest balance sheet
Filed with ROC
30 Dec 2020
Director ceased
RAHUL KWATRA
01 Oct 2019
Director appointed
RAHUL KWATRA (Director)
Director ceased
JITENDER SINGH CHANDEL
26 Mar 2019
Director appointed
GOPINATH MOHAN GOPAKUMAR (Director)
Director appointed
SHRESTHA DEV BURMAN (Whole-time director)
01 Aug 2018
Director ceased
RAJESH KUMAR VERMA
10
Key Observations
Auto-generated from the data aboveRevenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
10 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of D from Care.
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 23 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Jetex Ocean Air Pvt Ltd | U63090WB1996PTC077529 | Kolkata, West Bengal, India |
| Utair India | U74999DL2008PTC181808 | New Delhi, Delhi, India |
| As Cargo Service Private Limited | U74999DL2016PTC305758 | New Delhi, Delhi, India |
| Forcepro Logistics Private Limited | U63030KA2015PTC079721 | Sahakarnagar, Karnataka, India |
| Aviators Air Rescue Private Limited | U63013KA2014PTC077588 | Bangalore, Karnataka, India |
| Tamilnadu Air Travels Private Limited | U63040TN1998PTC040866 | Chennai-5., Tamil Nadu, India |
| T A Jets Private Limited | U62200KA2015PTC078393 | Bengaluru, Karnataka, India |
| Crescent Epc Projects And Technical Services Limited | U45206TG2006PLC063563 | Hyderabad, Telangana, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Ligare before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Ligare: 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: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Ligare - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 35/100, distress signals and MSME payment-delay disclosures - know whether Ligare pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Ligare - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Ligare an active company?
Ligare has MCA status “Under Cirp” with a compliance score of 5/100 (Caution Indicated).
Is Ligare financially healthy?
Ligare has a Financial Health Score of 5/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Ligare?
Its overall Trust Score is 35/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Ligare?
The ultimate holding entity is Rhc Finance Private Limited. 10 active director(s) are on record.
Does Ligare have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 20 earlier charge(s) stand satisfied.
Is Ligare up to date with its ROC filings?
Last balance sheet is for Mar 2021 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Ligare?
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.
