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Flysbs Aviation Limited

Last Traded Price

( 0.00 % )

Principles

Company Name

Flysbs Aviation Limited


ISIN No.

None


No. of Outstanding Shares

12746751


PAN No.

None


Face Value

₹ 10.00


EPS

₹8.73


PE ratio

43.53


P/S Ratio

4.55


Market Capitalization (in Cr)

₹484.38


Book value

₹51.77


P/BV

7.34


DRHP Filed?

No


Available on

nsdl/cdsl


Sector

AEROSPACE


CIN

None


Registration Date

Aug. 7, 2020


Stock Performance

Stock Price Over Time

Share Details

Company Snapshot

FlySBS Aviation is a fast-growing private jet charter and leasing company in India, led by industry veterans. With a diverse fleet, innovative subscription-based and leasing models, healthy financial growth, and proactive capital raising and IPO efforts, they are strategically positioned for domestic and international expansion.

Name & Incorporation

Company Name: FlySBS Aviation Limited

CIN: U62200TN2020PTC136959

Incorporated: August 2020

Headquartered in: Chennai, Tamil Nadu

Founders & Leadership

  • Capt. Deepak Parasuraman – Founder & Director (24+ years in aviation)
  • Kannan Ramakrishnan – Founder Director
  • Ambashankar – Co-founder, CEO

Services & Operations

Permit & Model

Operates under an NSOP (Non-Scheduled Operator Permit) for private jet charter and leasing.

Fleet Composition

  • Mid-size jets (e.g., Cessna, Bombardier Challenger 605 – 8–9 seats)
  • Learjet 45 (6–7 seats)
  • Legacy 600 (13 seats)
  • Also operates midsize cabins from Embraer, Falcon

Programs Offered

  • Adhoc charter
  • Subscription-based flight-hours (“Je’Time”, “Flexjet”)
  • Air-time share and dry-lease models

Unique Selling Proposition

  • Membership/subscription structure for flexible access
  • Customized cabin service:
    • Personal chef
    • Branded cutlery
    • Passenger preferences

Growth Strategy & Capital Raising

Funding

  • ₹23.78 crore raised via private placement (10,80,910 shares @ ₹220 each), passed at EGM on March 5, 2025.
  • Pre-IPO round backed by Rainmatter (Zerodha), Groww, Billionbrains Garage Ventures, Share India Securities (~5% stake).

IPO Plans

  • CEO meeting held Jan 2025; planning IPO of up to 46.5 lakh shares via BSE SME/NSE Emerge.

Expansion Roadmap

  • Add ~5 jets in FY25 under dry-lease
  • Launch “Je’Time” subscription and flight-booking mobile app
  • Expand into metros: Delhi, Mumbai, Bangalore, Chennai, Hyderabad
  • Initiate overseas aircraft leases via an SPV in Ireland or Delaware

Market Outlook & Positioning

  • Tapping into India’s growing business jet demand (11% CAGR)
  • Targeting HNIs & corporate travelers seeking luxury and flexibility
  • Differentiators:
    • Cost-effective subscription model
    • Personalized onboard experience
    • More flexible than jet ownership

Industry Outlook

Market Growth & Demand Drivers

  • India’s aviation market projected to double to ~$26 billion (~₹21 lakh crore) by 2030
  • Business jet movements grew ~18% YoY to 106,300 (Apr–Aug 2024)

HNWI Growth & Business Travel

  • India’s HNWI population (~1.3 million) is fueling demand for private travel
  • 70% of charter traffic linked to corporate travel—CEOs, startups, critical meetings

Infrastructure & Regional Connectivity

  • New aviation hubs like Navi Mumbai International Airport with VVIP amenities
  • Government push to build 100 airports by 2030—supporting underserved routes

Sector Expansion & Business Models

  • Growth of ondemand charter & membership models (JetSetGo, Dunes Air, Hunch Mobility)
  • Subscription/fractional ownership models emerging (e.g., Prince Air)
  • Aircraft leasing:
    • New legislation (“Protection of Interests in Aircraft Objects” bill)
    • Aligns with Cape Town Convention—improves investor confidence

Fleet Trends

  • India’s private jet count reached ~168 in 2024 (up ~25% since 2019)

Summary

The private jet charter and leasing sector in India is taking off—driven by booming business travel, increasing affluence, favorable policy support, and innovative business models.

Latest Shareholding Pattern – FlySBS Aviation

Investor Name Designation / Type Shareholding (%)
Deepak Parasuraman Founder & Director 20.50%
Shreshtha Business Solutions LLP Investment Vehicle (LLP) 24.20%
Annamalai T Early Investor 12.50%
Others (incl. Rainmatter, Groww, Billionbrains, Share India) Mixed private investors 42.80%
Total 100.00%