InterGlobe Enterprises, the holding company of Bhatia, has the right to nominate three non-independent directors, according to the agreement. IndiGo was founded by Bhatia and Gangwal in 2006. IndiGo is currently the largest domestic airline with a market share of 46.9% at the end of March, according to data from Directorate General of Civil Aviation. It was Gangwal who placed aggressive bets on the domestic aviation market via rapid expansion of fleet. IndiGo saw its chief executive Aditya Ghosh quit last year after helming the airline for about a decade since its inception.

Source: Mint May 16, 2019 18:45 UTC