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Rakesh Gangwal (born 25 July 1952) is an Indian-American billionaire businessman. He is the co-founder and 25.2% owner of IndiGo airline. He is the former chief executive officer (CEO) and chairman of US Airways Group. From June 2003 to August 2007, Gangwal was the chairman, president, and chief executive officer of Worldspan Technologies, a provider of travel technology and information services to the travel and transportation industry. From 2002 to 2003, Gangwal was involved in various ...
About Rakesh Gangwal. Airline veteran Rakesh Gangwal made his fortune from InterGlobe Aviation, the parent outfit of budget airline IndiGo, India's largest by market share. Gangwal started his ...
Aug 16, 2023 · The co-founder of IndiGo, Rakesh Gangwal, has reportedly sold shares worth $450m, indicating a possible exit from the company he helped create. Gangwal and Rahul Bhatia founded the airline in 2006, and it quickly became the market leader in India. The co-founders clashed over the future of the company, with Gangwal preferring more aggressive expansion, including adding more planes and increasing capacity. In contrast, Bhatia was more cautious and open to considering wide-bodied planes with a ...
Oct 31, 2015 · Gangwal’s frugal nature has served IndiGo well. After starting operations in 2006, IndiGo has gone on to become India’s biggest domestic airline by passengers flown, with a market share of 37. ...
Feb 15, 2023 · Rakesh Gangwal, the co-founder of India’s largest airlines IndiGo, is an airline veteran whose family owns nearly 37 per cent stake in InterGlobe Aviation, the parent outfit of budget airline IndiGo. Early life. Rakesh Gangwal was born in 1953 and completed his schooling from Don Bosco (Park Circus), Kolkata and Mechanical Engineering from ...
Feb 22, 2022 · Three years ago, Rakesh Gangwal told me emphatically he will not sell his sizeable stake in IndiGo— worth roughly Rs 30,000 crore at current prices—the airline he co-founded with Rahul Bhatia ...
Feb 18, 2022 · IndiGo co-promoter Rakesh Gangwal on Friday resigned with immediate effect from the board of directors of the parent firm, InterGlobe Aviation, where he served as a non-executive, non-independent director. While Gangwal in his letter to the board said that he would sell his entire holding in the airline over a period of five years, he also added that he may consider joining the board again as a member at a later stage. ...
2 days ago · Gangwal is a co-founder of InterGlobe Aviation, the operator of India's biggest airline. The Gurgaon-based company had revenue of about 690 billion rupees ($8.3 billion) in the year to March 31, 2024.
Feb 18, 2022 · Rakesh Gangwal, the billionaire co-founder of IndiGo, stepped down from the company’s board and announced plans to pare his stake, ending a years-long bitter shareholder dispute atop Asia’s ...
Feb 18, 2022 · IndiGo co-founder Rakesh Gangwal has resigned from the board and is planning to cut his stake in the airline over the next five years, its parent InterGlobe Aviation said in an exchange filing on ...
Mar 11, 2024 · Co-founder Rakesh Gangwal is offering as many as 22.5 million shares of InterGlobe Aviation Ltd., the owner of Indigo, at a floor price of 2,925 rupees each. Photographer: Matthieu Rondel ...
Rakesh Gangwal, co-founder of IndiGo, India’s biggest airline, is seeking to raise up to $795 million from selling his stock. This would mark the largest block sale in the country since 2019 as ...
Mar 7, 2024 · Rakesh Gangwal, co-founder of Indian carrier IndiGo, will sell a stake of up to 3.3%, worth 37.3 billion rupees ($451 million), in operator Interglobe Aviation through a block deal, news channel ...
Feb 18, 2022 · Gangwal, in his resignation letter, stated that he will reduce his stake in the company over the next 5 years. New Delhi: Interglobe Aviation, the operator of the budget carrier IndiGo, has announced that Rakesh Gangwal, the Non-Executive, Non-Independent Director has quit from the company's board with immediate effect.
Aug 15, 2023 · Rakesh Gangwal and family, co-founder of IndiGo Airlines, is looking at selling shares worth $450 million (Rs 3,730 crore) through block deal on Wednesday, industry sources indicated. It is understood that Gangwal family has put 15.6 million shares for sale with a floor price of Rs 2,400 per share, which is a 5.8 per cent discount to the closing price on Monday.
Feb 18, 2022 · IndiGo co-founder Rakesh Gangwal, has resigned from the board, its parent company Interglobe Aviation said in an exchange filing on Friday. After 15 years of association, Rakesh Gangwal, stepped down from IndiGo board as non-executive director of the company.. Gangwal, a non-executive, non-independent director intends to slowly cut his stake in the company over the next five years, the BSE filing said.
Feb 18, 2022 · IndiGo's Rakesh Gangwal resigns from InterGlobe board, says will pare holdings over next five yrs. IndiGo's co-founder Rakesh Gangwal has stepped off its board and will sell his holdings in the airline over about five years, he said Friday. His letter to the board came barely two weeks after his partner Rahul Bhatia, with whom he has sparred for long, assumed the position of managing director.
Feb 18, 2022 · Rakesh Gangwal, who along with Bhatia had started IndiGo at the start of this Millennium but had a serious fallout in last few years, on Friday resigned as director from the board of the airline's ...
Feb 18, 2022 · Rahul Bhatia and Rakesh Gangwal — two of the founders of the airline and who hold nearly three-fourth stake in the company — have been warring for a while. An extraordinary general meeting held in December paved the way for an amicable solution. The dispute, which analysts largely saw as an ego issue, was over informing the other promoter if one wanted to sell his stake in the company. Moreover, the other promoter will have the first right to buy the stake on sale.
Feb 19, 2022 · Out of this, the Gangwal family (Rakesh Gangwal, his wife Shobha Gangwal and a related trust -The Chinkerpoo Family Trust) own 36.61 percent stake. The remaining is held by the Bhatia family.
Jul 8, 2024 · Rakesh Gangwal, 70, and his family once controlled almost 37% of the Indian airline group. His decision to team up with Rahul Bhatia to create IndiGo in 2005 led to the rise of Asia’s largest ...
Mr. Rakesh Gangwal is an Indian - American businessman who is the co-founder and 37% owner of IndiGo airline. Profile. Mr. Gangwal did his B.Tech in Mechanical Engineering from IIT Kanpur in 1975. He subsequently went on to earn his MBA degree from the Wharton School of the University of Pennsylvania. He joined Worldspan Technologies-a provider of travel technology and information services to the travel and transportation industry, where he played the role of the chairman, president and ...
Nov 11, 2015 · MUMBAI: Rakesh Gangwal was never really all that keen on starting an airline in India in the first place. Perhaps the former US Airways CEO had Richard Branson’s dictum in mind — if you want to be a millionaire, start with a billion dollars and launch a new airline. But the Bhatias of Inter-Globe Enterprises wouldn’t take no for an answer. The roots of InterGlobe can be traced back to Delhi Express, a travel company run by Bhatia’s father Kapil Bhatia.
Jul 8, 2024 · It also criticized the appointment of aviation industry veteran Rakesh Gangwal to Southwest's board, calling it an attempt on the part of the board to "entrench itself and the current management ...
