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Who is Rakesh Gangwal?

Rakesh Gangwal

About Rakesh Gangwal

Who is Rakesh Gangwal?

Rakesh Gangwal, the co-founder of India’s largest airlines IndiGo, is an airline veteran whose family owns nearly 37 per cent stake in InterGlobe Aviation, the parent outfit of budget airline IndiGo.
 
Early life
 
Rakesh Gangwal was born in 1953 and completed his schooling from Don Bosco (Park Circus), Kolkata and Mechanical Engineering from the Indian Institute of Technology Kanpur in 1975. He went on to do his MBA from the Wharton School of the University of Pennsylvania.

Rakesh Gangwal's career
 
Rakesh Gangwal's association with the aviation industry began in September 1980, when he was an associate with Booz Allen & Hamilton Inc. He
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Latest Updates on Rakesh Gangwal

Rakesh Gangwal may put 4% stake in IndiGo on block, can fetch Rs 2.9k cr

Shares of IndiGo finished at Rs 1,986 apiece, down 2.6 per cent over its previous close. Goldman Sachs is the investment bank handling the share sale

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Updated On : 15 Feb 2023 | 11:40 PM IST

Investors left empty-handed in IndiGo block trade due to slippage

None of the investors lined up by the banks working on billionaire Rakesh Gangwal's sale of part of his family's stake in IndiGo got any shares in the block trade as a result of slippage

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Updated On : 12 Sep 2022 | 10:35 PM IST

Gangwal may sell up to 2.8% in IndiGo Airlines for Rs 2,000 cr: Sources

Stake sale being brokered by three investment banks, says another source; Gangwal and his group currently own 36.6% in InterGlobe Aviation, Bhatia's camp owns 38.17%

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Updated On : 08 Sep 2022 | 1:32 AM IST