Moment of reckoning: Is IndiGo ready for Tata-Air India onslaught in 2023?
Critical questions stare India's largest private airline as it gears up to face its first dose of real competition.
rahul bhatia
January 2023
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May 2019
IndiGo share skids 4% amid report of stake sale by Gangwal family
Rakesh Gangwal and his family plan to raise ₹2,000 crore by selling 2.8% stake in InterGlobe Aviation through a block deal today
IndiGo's makeover bid
As competition in the Indian skies promises to intensify, India's largest private airline is tightening its seatbelt
Rakesh Gangwal quits IndiGo board, cites investing plans
In a letter to the InterGlobe Aviation board, Rakesh Gangwal said that he will reduce his equity stake in the company over the next five years.
IndiGo posts surprise ₹130 cr profit; Rahul Bhatia consolidates position as MD
MD Rahul Bhatia says he would now focus on expanding the airline's presence in India and in international markets.
Rakesh Gangwal’s resolution rejected at IndiGo EGM
The billionaire co-founder of IndiGo received a setback as shareholders of the airline refused to pass his resolution seeking changes in the articles of association of the company.
Rahul Bhatia’s IGE rebuts Gangwal’s claims
InterGlobe Enterprises said that related party transactions between IndiGo and itself stood at ₹150.12 crore in FY19, accounting for 0.53% of the airline’s turnover.
Gangwal’s angst lies elsewhere: Rahul Bhatia
IndiGo co-founder Rahul Bhatia in a letter to the airline’s board of directors says his co-founder Rakesh Gangwal’s “ego has been hurt”.
IndiGo’s dirty linen out in the open
IndiGo co-founder Rakesh Gangwal accuses Rahul Bhatia and his affiliate firm IGE Group of violating corporate governance norms; questions the integrity of the airline’s board, too.
There may be differences on certain matters: IndiGo CEO
IndiGo CEO Ronojoy Dutta issued a statement to dispel speculations over a possible rift between the airline’s two co-founders. But, he did allude to the fact that there were differences.
