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Founded | 2006 | ||||||
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Commenced operations | 8 April 2006 | ||||||
Operating bases |
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Fleet size | 126 | ||||||
Destinations | 45 | ||||||
Parent company | InterGlobe Enterprises | ||||||
Headquarters | Gurgaon, Haryana, India | ||||||
Key people |
Rakesh Gangwal, Founder Rahul Bhatia, Founder and MD Aditya Ghosh, President |
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Revenue | ₹166 billion (US$2.5 billion) (FY2016) | ||||||
Net income | ₹19.9 billion (US$300 million) (FY2016) | ||||||
Website | www |
IndiGo is a low-cost airline headquartered at Gurgaon, Haryana, India. It is the largest airline in India in passengers carried, with a 39.8% market share as of January 2017 and eighth largest carrier in Asia with over 41 million passengers carried in 2016. The airline operates to 44 destinations and is the second largest low-cost carrier in Asia. It has its primary hub at Indira Gandhi International Airport, Delhi.
The airline was founded as a private company, by Rahul Bhatia of InterGlobe Enterprises; and Rakesh Gangwal, a United States-based expatriate Indian; in 2006. It took delivery of its first aircraft in July 2006 and commenced operations a month later. The airline became the largest Indian carrier in passenger market share in 2012. The company went public in November 2015.
IndiGo was founded in 2006 as a private company by Rahul Bhatia of InterGlobe Enterprises and Rakesh Gangwal, a United States-based NRI. InterGlobe had a 51.12% stake in IndiGo and 47.88% was held by Gangwal's Virginia-based company Caelum Investments. IndiGo placed a firm order for 100 Airbus A320-200 aircraft in June 2005 with plans to begin operations in mid-2006. IndiGo took delivery of its first Airbus aircraft on 28 July 2006, nearly one year after placing the order. It commenced operations on 4 August 2006 with a service from New Delhi to Imphal via Guwahati. By the end of 2006 the airline had six aircraft and nine more aircraft were acquired in 2007. In December 2010, IndiGo replaced state-run carrier Air India as the third largest airline in India, behind Kingfisher Airlines and Jet Airways with a passenger market share of 17.3%.