Explorer

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.

About the author ABP Live Business

ABP Live Business is your daily window into India’s money matters, tracking stock market moves, gold and silver prices, auto industry shifts, global and domestic economic trends, and the fast-moving world of cryptocurrency, with sharp, reliable reporting that helps readers stay informed, invested, and ahead of the curve.

Read More

Top Headlines

8th Pay Commission: Pensioners’ Body Seeks New DA Formula, Flags Flaws In Current Index
8th Pay Commission: Pensioners’ Body Seeks New DA Formula, Flags Flaws In Current Index
Premium Petrol Price Hike: Fuel Costs Rise By Over 2 Rupees Across India
Premium Petrol Price Hike: Fuel Costs Rise By Over 2 Rupees Across India
Fuel Shock Continues: Industrial Diesel Jumps Over Rs 20 After Petrol Hike, Crosses Rs 100/Litre
Fuel Shock Continues: Industrial Diesel Jumps Over Rs 20 After Petrol Hike, Crosses Rs 100/Litre
Stock Markets End Higher, Sensex Ends At 74,596, Nifty Tests 23,134 
Stock Markets End Higher, Sensex Ends At 74,596, Nifty Tests 23,134 

Videos

Breaking News: Alvida Jumma prayers in India marked by black armbands, grief over Iran-Israel tensions
Big Breaking: Shia community protests amid Alvida Jumma in Delhi
World News: Mohan Bhagwat calls for peace amid rising global conflicts
Breaking News: Student clash turns violent at Varanasi college, firing reported
Big Breaking: Canada drops allegations against India in diplomatic shift

Photo Gallery

25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Embed widget