Ever come across a company that’s dead on paper but still alive in the system?
That’s the curious story of Giri Devanur and Dravin Aviation Private Limited – a company struck off years ago, yet still showing him as “active.” It’s not fiction. It’s how business data sometimes outlives the business itself.
This isn’t about one company. It’s about what founders, operators, and investors can learn from the ghosts that linger in digital ledgers.
1. Giri Devanur and Dravin Aviation: The Takeoff That Never Happened
Dravin Aviation launched in February 2007 from Bangalore – India’s startup hotbed. The ambition? Big. The execution? Short-lived.
By 2009, it stopped filing updates. The last AGM was September 2009. Then silence. The “Strike Off” tag made it official – the plane never left the runway.
Takeaway: No matter how bold your idea, ignoring compliance kills faster than competition. You don’t get second chances with regulators.
2. The ‘Active’ Director That Never Logged Out
Here’s where it gets interesting – Giri Devanur is still listed as an active director, even though the company was struck off long ago. Not leadership negligence – just data inertia. A system lag. A ghost in the database.
Takeaway: Founders often think “data” is someone else’s problem. It’s not. Data defines your story – accurate, or not.
3. Small Capital, Smaller Runway
Dravin Aviation had ₹10 lakh authorized capital but only ₹1 lakh paid up. That’s 10% of the runway. For an aviation or logistics startup, that’s not “lean.” That’s under-fueled.
Takeaway: Passion is cheap. Execution isn’t. A Giri Devanur-style growth mindset knows when to dream – and when to fund the dream properly.
4. Leadership Lessons Hidden in the Filing
The point isn’t failure. It’s evolution. From Dravin Aviation to Coffee Day Global Limited, Giri Devanur’s record shows something rare – a willingness to start, stop, learn, and scale again. He doesn’t chase perfection. He builds, measures, and moves on. That’s what real operators do.
Takeaway: Every defunct venture leaves field notes – not regrets. The smart ones reread them before their next launch.
Question for you:
When someone digs into your company’s records ten years from now — what story will the data tell about your leadership?
FAQs
1. Who is Giri Devanur?
A Nasdaq-listed CEO known for scaling Ameri100 to $50M in revenue and leading ReAlpha Tech Corp. He also serves on the board of Coffee Day Global Limited.
2. What was Dravin Aviation Private Limited?
A Bangalore-based aviation venture founded in 2007. It was struck off in 2009 after ceasing operations.
3. Why does Giri Devanur still appear as an “active” director?
It’s a systemic data lag – public records often retain outdated information even after companies shut down.
4. What can founders learn from this?
Never ignore filings or compliance. They’re not paperwork – they’re the public version of your credibility.
5. How is Giri Devanur connected to Coffee Day Global Limited?
He serves as a Non-Executive Independent Director, adding his operational experience and governance insights from decades in leadership.