Global Vectra Helicorp Limited Company Profile
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Global Vectra Helicorp (GVHL) is one of the largest dedicated offshore transportation services helicopter companies in India servicing the Indian oil and gas exploration and production sector. The company had 14 Bell 412 helicopters as on September 12, 2006. GVHL transports crew and cargo for oil and gas companies to offshore oil platforms.
Incorporated in 1998 as Azal India Pvt Ltd, the company was taken over by the Vectra Group in October 2004. The promoters of Global Vectra Helicorp are Vectra Investments Pvt Ltd (VIPL); Azal Azerbaijan Aviation (AAA), Ireland; and Ravindra Kumar Rishi, a UK citizen. GVHL`s main base is Juhu airport in Mumbai, with forward bases in Visakhapatnam and Rajahmundry in Andhra Pradesh.
GVHL posted a profit of Rs 8.2 crore in 2005-06, compared to a loss of Rs 0.04 crore in the previous year. Operating margins were 50% in 2005-06, compared with 3% in 2004-05.
Financials
The company disclosed fall of 282.65% in standalone net profit on y-o-y basis to Rs 95.34 million, while total income dropped 5.57% y-o-y basis to Rs 585.16 million for the quarter ended December 2010. |
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