Vikram Singh Mehta replaces Venkataramani Sumantran as IndiGo chairman
Gurugram: IndiGo on Wednesday named Vikram Singh Mehta as the new chairman of its board, following the resignation of Venkataramani Sumantran, who held the position for the past three years.
According to an exchange filing, Sumantran stepped down after completing his five-year tenure as a board member.
“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 stated.
Mehta, a former Indian Administrative Services (IAS) officer, has held prominent leadership roles, including 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 various firms.
He holds a Mathematics degree from St Stephen’s College, Delhi University, as well as master’s degrees in Politics and Economics from Oxford University and in Energy Economics from Tufts University, the company added.
He has been a board member of InterGlobe Aviation Ltd, IndiGo’s parent company, since 2022.
The leadership transition comes shortly after InterGlobe Aviation posted a 62 percent rise in its consolidated net profit for the fourth quarter (Q4) of financial year 2024–25 (FY25), with profit reaching ₹3,067.5 crore compared to ₹1,894.8 crore in the same period last year.
The surge was driven by strong domestic air travel demand.
Consolidated revenue from operations rose 24 per cent year-on-year to ₹22,151.9 crore in Q4 FY25, up from ₹17,825.3 crore a year ago.
However, revenue was largely flat on a sequential basis, with Q3 revenue reported at ₹22,110.7 crore.
As of market close on Wednesday, shares of InterGlobe Aviation were trading at ₹5,324.85 apiece on the BSE.
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