InterGlobe Aviation Limited, popularly known as IndiGo Airlines, is India’s largest airline by passengers carried and fleet size. It is a publicly traded airline company headquartered in Gurugram, Haryana, India. The airline is known for its low-cost model, on-time performance, and extensive domestic connectivity.
IndiGo trades on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) under the ticker symbol INDIGO.
Founded in 2006 by Rahul Bhatia and Rakesh Gangwal, IndiGo has grown rapidly to become one of the most profitable and dominant airlines in India. As of 2025, the airline operates 350+ aircraft, serving 80+ domestic and international destinations. The company is led by Pieter Elbers, who became CEO in 2022.
Ownership Status of IndiGo Airlines
IndiGo Airlines does not have a single private owner. Since it is a publicly traded company, ownership is divided among institutional investors, promoters, mutual funds, and retail shareholders.
The two key promoter groups historically associated with IndiGo are:
- Rahul Bhatia (InterGlobe Enterprises Group)
- Rakesh Gangwal Family Group — Gangwal stepped down from the board in 2022 but continues to hold a large stake.
Ownership percentages change frequently based on public market activity and regulatory filings.
Major Shareholders (Latest Public Filings)
| Shareholder / Entity | Ownership Percentage | Notes |
|---|---|---|
| Rahul Bhatia / InterGlobe Enterprises | ~38% | Founder-promoter; significant strategic influence. |
| Rakesh Gangwal & Family | ~25% | Co-founder; gradually reducing stake since 2022. |
| Foreign Institutional Investors (FII) | ~20% | Includes global investment firms holding equity through multiple funds. |
| Mutual Funds (Indian) | ~12% | Major Indian AMCs hold positions through diversified portfolios. |
| Retail & Others | Remaining shares | Distributed among public shareholders. |
Note: Percentages are rounded based on the most recent shareholding pattern available from stock exchange filings.
About The Owner Rahul Bhatia
Rahul Bhatia is an Indian entrepreneur and the co-founder of IndiGo Airlines. He is also the Managing Director of InterGlobe Enterprises, a diversified group involved in aviation, hospitality, travel, technology, and real estate. Born into a business-focused family, Bhatia played a crucial role in shaping IndiGo’s strategy, emphasizing low costs, operational efficiency, and strong customer service. Under his guidance, IndiGo grew from a startup airline in 2006 to India’s largest and most profitable airline. Known for maintaining a low public profile, Bhatia is widely respected for his long-term vision and disciplined management style that helped transform India’s aviation industry.
Rahul Bhatia Net Worth
As of the latest estimates, Rahul Bhatia’s net worth is reported to be around USD 4–5 billion. His wealth primarily comes from his large ownership stake in InterGlobe Enterprises and its publicly listed company, InterGlobe Aviation Ltd. (IndiGo Airlines). Bhatia’s net worth has grown consistently along with IndiGo’s rise in market value and profitability. Market fluctuations and stock performance influence his net worth, but he continues to remain one of India’s wealthiest business leaders. His financial success reflects IndiGo’s strong position in the aviation sector and the wider portfolio of the InterGlobe group.
Key Shareholder Highlights
- Rahul Bhatia, through InterGlobe Enterprises, remains the largest individual shareholder and continues to play an active role in IndiGo’s long-term business strategy.
- Rakesh Gangwal, although no longer on the board, still holds a significant minority stake. He has been steadily selling shares over the past few years, as disclosed in multiple exchange filings.
- Institutional investors, including global FIIs and Indian mutual funds, hold a substantial portion of shares, reflecting strong market confidence in IndiGo’s business model and growth potential.
Recent Developments in Ownership
Recent stock exchange filings have shown the following trends:
- The Gangwal family has continued to reduce its shareholding gradually since its announcement in 2022, stating long-term plans to exit the company.
- Institutional investors have increased their stake due to IndiGo’s strong financial performance and market leadership.
These changes highlight IndiGo’s evolution from founder-centric ownership to broader institutional participation.
FAQs
1. Who is the current owner of IndiGo Airlines?
There is no single owner. IndiGo is publicly traded, with major stakes held by Rahul Bhatia’s InterGlobe Group (~38%), Rakesh Gangwal & Family (~25%), and several institutional investors.
2. Is IndiGo Airlines publicly traded or privately owned?
IndiGo is publicly traded on NSE and BSE under the ticker INDIGO.
3. Who founded IndiGo Airlines?
IndiGo was founded by Rahul Bhatia and Rakesh Gangwal in 2006.
4. Has the ownership changed recently?
Yes. The Gangwal family has been reducing its stake gradually, and institutional investors have increased their holdings. Ownership continues to evolve based on market transactions.
Recently, IndiGo Airlines announced a major international expansion, adding several new routes to the Middle East and Southeast Asia as part of its global growth strategy. The airline also reported strong quarterly earnings, supported by high passenger demand and improved operational performance. In addition, IndiGo has been increasing its fleet size by introducing more fuel-efficient Airbus A320neo and A321neo aircraft to reduce costs and support future routes. These updates show IndiGo’s focus on becoming a larger international carrier while strengthening its leadership in India’s aviation market.
IndiGo Airlines has recently faced a wave of flight cancellations and delays across major cities such as Delhi, Mumbai, and Bengaluru. The disruptions were largely caused by crew unavailability and operational challenges, leading to long waiting times and last-minute schedule changes for passengers. Many travelers reported difficulties with rebooking and customer support during the peak travel period. The airline has stated that it is working to stabilize operations by improving crew management and adjusting schedules, while aviation authorities have asked for a detailed explanation regarding the widespread cancellations.
- Why is IndiGo cancelling so many flights right now?
Passengers are asking this due to sudden large-scale cancellations across major cities. - Is IndiGo facing a staff shortage or crew issues?
Many travelers want to know if crew unavailability is the main reason behind disruptions. - Will IndiGo flights be cancelled again this week?
People are searching for ongoing or expected cancellations before planning trips. - How can I check if my IndiGo flight is cancelled or delayed?
This is one of the most asked questions as passengers want real-time updates. - Is IndiGo giving refunds for cancelled flights?
Travelers are confused about refund eligibility and timelines. - How to reschedule an IndiGo flight after cancellation?
A trending query as many passengers are struggling with rebooking. - What compensation is IndiGo offering for flight delays and cancellations?
People want clarity on DGCA rules and IndiGo’s compensation policy. - When will IndiGo operations return to normal?
Passengers want to know how long the disruption will continue. - Are other airlines also cancelling flights, or only IndiGo?
Travelers are comparing across airlines to decide bookings. - What should passengers do if their IndiGo flight is cancelled at the last minute?
A common question from travelers stuck at airports.
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