IndiGo, India’s leading airline, has appointed Vikram Singh Mehta as the new Chairman of its Board. Mehta has been part of IndiGo’s Board since May 2022 and now takes over from Dr. Venkataramani Sumantran.
Dr. Sumantran has completed his five-year term as a Board member and stepped down as Chairman. He took charge in May 2022 and led IndiGo through a strong recovery after the COVID-19 pandemic. Under his guidance, the airline has experienced remarkable growth in the past three years.
Who is Vikram Singh Mehta?
Mehta began his career with the Indian Administrative Service (IAS) in 1978, serving the government for two years before moving to the corporate world. He is currently Chairman of the Centre for Social and Economic Progress, a public policy think tank.
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He also held important roles such as Executive Chairman of Brookings India and Senior Fellow at the Brookings Institution. Mehta was the Chairman of Shell Group in India and led Shell Markets and Shell Chemicals in Egypt.
Experience and achievements of the new IndiGo Chairman
Mehta has served on the boards of major companies like Colgate Palmolive India, Mahindra & Mahindra, and Larsen & Toubro. He has received several awards, including “Businessman of the Year” by Asia House in 2010 and “Best Independent Director” in India in 2016.
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He studied Mathematics at St. Stephen’s College, Delhi University. He holds two master’s degrees — one in Politics and Economics from Oxford University, and another in Energy Economics from Tufts University.
Rakesh Gangwal, family trust sell 5.7% stake in IndiGo
In another recent development, Rakesh Gangwal, co-founder of InterGlobe Aviation—the parent company of IndiGo—along with his family trust, has divested a 5.72% stake in the airline, amounting to approximately Rs11,564 crore. This sale was executed through a block deal on May 27, involving the transfer of 2.21 crore shares at Rs5,230.50 each.
IndiGo operates over 2,200 daily flights with a fleet of more than 400 aircraft. The airline connects more than 90 domestic and 40 international destinations.
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