Vikram Singh Mehta Appointed as New Chairman of IndiGo
IndiGo has appointed Vikram Singh Mehta as the new Chairman, succeeding Venkataramani Sumantran. Mehta, with a background in Indian Administrative Services and significant corporate experience, has been part of the Board since May 2022. Concurrently, IndiGo's co-founder Rakesh Gangwal divested a 5.72% stake in the airline.
- Country:
- India
India's largest airline, IndiGo, has announced the appointment of Vikram Singh Mehta as its new Chairman. Mehta takes over from Venkataramani Sumantran, who stepped down after his five-year tenure.
With an impressive resume, Mehta brings experience from significant roles in the Shell Group of Companies, and formidable academic credentials.
In other related news, IndiGo's co-founder Rakesh Gangwal has sold a 5.72% stake in the airline, raising Rs 11,564 crore in an open market transaction.
(With inputs from agencies.)
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