Rahul Bhatia Net Worth: The condition of passengers has become worse due to Indigo crisis. The airline has canceled all its flights till 4 pm today. There is chaos from Delhi to Hyderabad and Mumbai. In such a situation, there is only one question in the minds of people that who is the owner of this airline? And what is his net worth?
Let us tell you that the command of Indigo airline is in the hands of a person who is not seen much in the media and likes to remain in a simple look. Yes, we are talking about Rahul Bhatia. Rahul Bhatia has studied Electrical Engineering from the University of Waterloo, Canada. He is the son of businessman Kapil Bhatia, and his father owned a travel agency named Delhi Express.
What is Rahul Bhatia’s net worth?
Talking about the net worth of Rahul Bhatia, according to the Huron Global List of 2023, his net worth is more than $3.5 billion. At the same time, with the spectacular rise in IndiGo’s shares, Rahul Bhatia’s wealth is expected to exceed $10 billion by 2025. If we take the average of these two figures, it comes to about $6.75 billion, which means an average increase of $3.25 billion annually between 2023 and 2025. In such a situation, an average earning of 0.27 billion dollars i.e. about Rs 2250 crore can be estimated every month.
Not only this, he has three hotels in Gurugram. He has also received many big awards. It has also received Ernest & Young Award, Economic Times Award. But one special thing is that Indio Airline was not started only by Rahul Bhatia.
When was Indigo airline started?
Indigo airline was started together by Rahul Bhatia and Rakesh Gangwal. But gradually when cracks started appearing in their relationship, the differences increased. According to media reports, Gangwal raised questions on Bhatia’s control over IndiGo through InterGlobe Enterprises, party transactions and transparency of the board’s work.
In the year 2019, Rakesh Gangwal complained directly to SEBI. Then things got so bad that the case reached the courts and London Arbitration. In February 2022, Gangwal resigned from the board and clearly said that he would sell his entire stake in the market in the next five years. After that he gradually started selling his share. Despite differences with Gangwal, IndiGo’s growth did not come to a full stop. In the year 2023, IndiGo operated more than 2,000 flights in a day and this is the first record of any Indian airline.
After the resignation of Rakesh Gangwal, Rahul Bhatia has taken the entire command of Indigo Airline. In February 2022, he was made the managing director of the company’s parent InterGlobe Aviation for five years.
Who is Rakesh Gangwal?
Rakesh Gangwal was born on 25 July 1952. He did engineering from IIT Kanpur and MBA from Wharton School. After this, he worked in high positions in big companies like Boeing, Air France and Worldspan Technologies. Not only this, he has also donated Rs 100 crore to his college IIT Kanpur. Currently he lives in Miami city of America. His daughter Parul is also a businesswoman and is running her own business.
Even though there is a lot of controversy going on related to IndiGo today, IndiGo is one of the largest, most profitable and most punctual airlines in the country. Indigo is not a small airline, this airline connects more than 137 places and runs more than 2,700 flights daily.
