Fly-Hi Maritime Travels IPO

Fly-Hi Maritime Travels is a specialised travel management company engaged in providing end-to-end travel arrangement services for crew members of commercial shipping companies. The company is a niche travel management company specialising in providing end-to-end crew travel and mobility solutions for commercial shipping companies. Its service portfolio addresses the key requirements involved in crew travel and boarding. Its services include global crew ticketing, international and regional ticketing for multi-leg itineraries built around vessel schedules, route planning and travel design based on airline reliability, transit visa requirements and buffer timings, and visa & immigration coordination, coordinating transit visas across multiple nationalities with seafarers.

The company also provides OK to Board Confirmation by coordinating administrative clearances with port agents, Real-time travel monitoring & disruption handling by re-routing immediately wherever required, after-office-hours & Emergency Support by 24/7 handling of crew replacements and medical requirements, and boarding confirmation & journey closure by real-time verification of successful boarding. The company’s customer base remained highly concentrated in FY26, with the top 10 customers contributing 91.3% of total revenue, that is, ₹56.69 crore. The largest single customer contributed 46.5% of revenue at ₹28.90 crore.

Revenue of Fly-Hi Maritime Travels is mostly from international markets. The revenue outside India was 90.3% of total revenue in FY26 and stood at ₹56.03 crore. Domestic revenue was 9.6% or ₹5.99 crore. The UAE accounted for 56.6% of the company’s international revenue at ₹35.13 crore in international markets, followed by Cyprus with 29.4% or ₹18.28 crore and the UK with 3.2% or ₹2.02 crore. Maharashtra was the largest market in India with a share of 8.09% of total revenue at ₹5.01 crore, and Tamil Nadu with 1.4% or ₹0.92 crore. The company had 54 employees in different functions, excluding Non-Executive Independent Directors, as of July 31, 2026.