🔓 Unlock the full profile of Rakesh Gangwal (Interglobe Aviation Limited), including verified contact details, financial insights, and professional associations.
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Email: rak*****@int******.com
Mobile: 63825*****
Estimated Net Worth 💰 : ₹0 – ₹500+ Cr (approx. $0 – $60M)
Key Insights You Should Know About This Individual
- Rakesh Gangwal, born in July 1953, is an Indian-American billionaire businessman recognized as the co-founder of IndiGo Airlines, which has emerged as India's largest airline by market share.
- Gangwal played a crucial role in establishing IndiGo as a major player in the aviation market, contributing to its reputation for low-cost travel and operational efficiency.
- In 2022, Gangwal resigned from the board of InterGlobe Aviation, indicating a plan to gradually reduce personal ownership stakes in the airline throughout the subsequent years.
- On May 27, 2023, Gangwal and his family trust announced intentions to sell a stake worth ₹6,831 crore in IndiGo as part of the phased exit strategy.
- Gangwal's approach to stake selling has demonstrated a commitment to effective financial strategy while adhering to market regulations and providing liquidity for the company.
- Following the block deal transaction, Gangwal's total promoter stake in IndiGo decreased to 13.53%, reflecting a significant shift in ownership structure.
- Gangwal's contributions to the airline industry have earned recognition in publications such as Forbes, highlighting the considerable wealth accumulated through leadership in InterGlobe Aviation.
- As an airline veteran, Gangwal's insights and strategies have had lasting impacts on the operations and growth trajectory of IndiGo Airlines, influencing the competitive landscape of Indian aviation.
| CIN/LLP | Company Name | Designation | Appointment Date |
|---|
| CIN/LLP | Company Name | Designation | Appointment Date | End Date |
|---|---|---|---|
| L62100DL2004PLC129768 | Interglobe Aviation Limited | Director | 25 Jun 2015| - |
| YEAR | COMPANY | POSITION | SALARY | INCREMENT |
|---|---|---|---|---|
| 2020 | InterGlobe Aviation Ltd. | Director | 11 L | 37.5 % |
| 2019 | InterGlobe Aviation Ltd. | Director | 8 L | 166.7 % |
| 2018 | InterGlobe Aviation Ltd. | Director | 3 L | 50.0 % |
| 2017 | InterGlobe Aviation Ltd. | Director | 2 L | 300.0 % |
| 2016 | InterGlobe Aviation Ltd. | Director | 50 K | - |