IndiGo appoints Vikram Singh Mehta as Chairman

Mehta has been a Member of the Board of InterGlobe Aviation Ltd (IndiGo) since Might 2022.

In a launch, IndiGo mentioned Mehta succeeds Sumantran, who stepped down from the put up after the completion of his five-year time period as a board member.

Sumantran was appointed because the Chairman in Might 2022 and, post-COVID, navigated the Board throughout IndiGo’s sturdy restoration and unimaginable progress over the previous three years, the discharge mentioned.

Mehta, who was an Indian Administrative Companies (IAS) officer, has served as Chairman of the Shell Group of Corporations in India and as CEO of Shell Markets and Shell Chemical compounds, Egypt, amongst different roles. He has additionally served on the boards of varied corporations.

A Arithmetic graduate from St. Stephen’s Faculty, Delhi College, Mehta additionally holds grasp’s levels in Politics and Economics from Oxford College and in Vitality Economics from Tufts College.

Aside from Mehta, there are six members on the corporate’s board, together with co-founder Rahul Bhatia, as per data out there on the IndiGo web site.

In the meantime, on Tuesday, IndiGo promoter and co-founder Rakesh Gangwal and his household belief decreased their holdings by divesting a 5.72 per cent stake within the airline for ₹11,564 crore by way of open market transactions.