IndiGo Appoints Vikram Singh Mehta As Chairman, Succeeding Venkataramani Sumantran
In a regulatory filing, InterGlobe Aviation, the parent company of IndiGo, noted that Sumantran had led the Board through a critical post-COVID recovery phase
IndiGo Airlines has appointed Vikram Singh Mehta as the new Chairman of its Board of Directors, the company announced on Wednesday. Mehta succeeds Venkataramani Sumantran, who steps down after completing his five-year tenure as a board member. Sumantran has been serving as Chairman since May 2022.
In a regulatory filing, InterGlobe Aviation, the parent company of IndiGo, noted that Sumantran had led the Board through a critical post-COVID recovery phase. "Sumantran was appointed as the Chairman of the Board in May 2022 and post-Covid, navigated the Board during IndiGo’s strong recovery and incredible growth over the past three years," the company said.
Mehta’s Professional Journey
Vikram Singh Mehta brings extensive leadership experience to the role. A former Indian Administrative Services (IAS) officer, Mehta has served in prominent positions such as Chairman of the Shell Group of Companies in India and CEO of Shell Markets and Shell Chemicals in Egypt. He has also served on the boards of several leading Indian companies. Mehta holds a degree in Mathematics from St. Stephen’s College, Delhi University, and master's degrees in Politics and Economics from Oxford University and Energy Economics from Tufts University. He has been on the board of InterGlobe Aviation since 2022.
Also Read: India Set To Be Fourth Largest Economy, But What Does The GDP Per Capita Say? EXPLAINED
Q4 Results And Market Performance
The leadership change follows IndiGo's strong financial performance for the fourth quarter of FY25. The airline reported a 62 per cent year-on-year surge in consolidated net profit, reaching Rs 3,067.5 crore compared to Rs 1,894.8 crore in the same period last year. The impressive jump was largely driven by sustained domestic demand.
Revenue from operations also posted healthy growth, rising 24 per cent Y-o-Y to Rs 22,151.9 crore, compared to Rs 17,825.3 crore in Q4 FY24. On a sequential basis, revenue remained stable from Rs 22,110.7 crore reported in the previous quarter.
On Wednesday, shares of InterGlobe Aviation closed at Rs 5,324.85 apiece on the BSE.
Top Headlines
