Rakesh Gangwal News

Indigo Success Story: In an industry where turbulence is the norm and success stories are rare, IndiGo’s journey is nothing short of extraordinary. Founded in 2006 by travel entrepreneur Rahul Bhatia and seasoned airline executive Rakesh Gangwal, IndiGo defied the odds to become India’s largest airline.  While Bhatia brought business vision, Gangwal’s deep aviation expertise played a pivotal role in shaping the airline’s low-cost, high-efficiency model. Together, they built a powerhouse—but not without friction. Rakesh Gangwal, whose family once held nearly 37% in IndiGo’s parent firm, InterGlobe Aviation, would later raise serious concerns about governance, setting off one of Indian aviation’s most high-profile corporate clashes.   

The stake sale is part of Gangwal's decision to trim his shareholding, a decision announced in February 2022 after a bitter feud with co-founder Rahul Bhatia over alleged corporate governance issues.

Indigo continued to gain market share during July 2023 with its share now at 63.4 per cent (63.2 per cent in June 2023). 

IndiGo Success Story: This is a unique success story about two friends - Rakesh Gangwal and Rahul Bhatia - who despite their divergent professional backgrounds united their vision and expertise to create what would become India's most triumphant airline - IndiGo.

Rakesh Gangwal stated in his letter of August 5, 2019 that he has set up a website to update “relevant information” as needed.

Almost four years ago a handful of people gathered in Airbus sales chief John Leahy`s spacious country house outside Toulouse and argued long into the evening over curry and cigars.

The agreement would be Airbus` largest order by number of aircraft, IndiGo said.