FlySBS Aviation is a pioneering private jet leasing company in India, established to make private aviation more accessible and affordable. The founding team comprises industry veterans:
- Kannan Ramakrishnan: Founder Director & Accountable Manager with over 30 years of experience.
- Deepak Parasuraman: Founder Director with 24+ years in aviation and founder of AFCOM Airlines.
- Amba Shankar: Founder Director & CEO with 30+ years in the industry.
The company operates a dry lease model, offering a fleet that includes mid-size jets like the Bombardier Challenger 605, small-size jets such as the Bombardier Learjet 45, and large-size jets like the Embraer Legacy 600. Their business model features various offerings, including long-term chartering, subscription-based models like the “Je’time” Program, membership programs, the Flexjet Program, single-time charters, and air-time share options.
Financially, FlySBS has shown significant growth:
- Revenue:
- FY21: ₹16.00 Cr
- FY22: ₹27.62 Cr
- FY23: ₹33.67 Cr
- FY24 (Estimated): ₹109.16 Cr
- FY27 (Projected): ₹658.70 Cr
- Turnover:
- FY21: ₹0.93 Cr
- FY22: ₹3.17 Cr
- FY23: ₹10.28 Cr
- FY24 (Estimated): ₹31.46 Cr
- FY27 (Projected): ₹73.08 Cr
As of September 30, 2024, the company had 2,668,518 outstanding shares, with a valuation of ₹122 Cr, resulting in a value per share of ₹458.
The Indian private aviation industry is experiencing significant growth, with a projected 11% CAGR. India is expected to become the 3rd largest aviation market by 2025, presenting substantial opportunities for FlySBS Aviation.
Vishal Gawai
Verified JournalistVishal Gawai is the founder of TheIndiaBizz, a media and information platform in India that offers in-depth coverage of the country's startup ecosystem.