News of IndiGo promoters falling out seems true

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Following reports of an alleged fall out between IndiGo promoters Rahul Bhatia and Rakesh Gangwal, an official mail to the employees from Ronojoy Dutta, CEO, Indigo tried to reassure the staff and dispel uncertainties. However, the mail did not deny the fall out or call it fake news, nor did it confirm the same.

The mail reportedly reassured the workforce that the Airline is all set to implement its growth strategy and surge ahead.

Bhatia and Gangwal together founded Indigo about 13 years back and held a 99 per cent stake in the Company then. They now seem to have sought advice from different law firms—Khaitan & Co. and J. Sagar Associates— to settle their disagreements. Things have not been hunky dory since the time the then CEO, Aditya Ghosh left the Company last year.

Ghosh’s position was taken on by Ronojoy Dutta, whereas Rohit Philip was appointed as CFO. Interestingly, both Dutta and Philip were employees of United Airlines, where Gangwal used to work earlier and were Gangwal’s personal choice.

Expatriates were also hired as CFO, CSO, CPO and VP-operations control centre and dispatch.

While Gangwal, a US citizen, is known to be a go-getter who believes in fast-paced growth, Bhatia has always been the more cautious of the duo. The credit for Indigo’s rapid expansion and growth in the country goes to Gangwal’s ambitious plans and strategies.

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