NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

IndiGo Appoints Rahul Bhatia as Interim CEO

Rahul Bhatia, co-founder of IndiGo, has taken over as the airline's interim Chief Executive Officer (CEO) following the resignation of Pieter Elbers.

Background IndiGo's largest airline crisis occurred in December 2025, resulting in hundreds of flight cancellations. Rahul Bhatia has acknowledged the incident, stating that it should never have happened and expressing gratitude to employees who worked tirelessly to restore operational stability.

Elbers' Tenure Pieter Elbers took charge of IndiGo in September 2022 and oversaw the airline's growth, increasing its fleet to over 440 aircraft and placing a record order for 500 Airbus 320-family jets. IndiGo's valuation reached $10 billion under Elbers' leadership.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Crisis and Consequences The operational disruption in December 2025 resulted in the cancellation of over 2,500 flights and delay of nearly 1,900 others, affecting over 300,000 passengers. The Directorate General of Civil Aviation (DGCA) imposed a fine of ₹22.20 crore and issued show-cause notices to Elbers.

Bhatia's Plan In an internal letter, Rahul Bhatia has sought employees' support to regain their right to choose customers, urging them to stay focused, accountable, and united. He has also wished employees and their families well.

Key Figures

  • Rahul Bhatia: Interim CEO of IndiGo
  • Pieter Elbers: Former CEO of IndiGo
  • ₹22.20 crore: Fine imposed by DGCA
  • $10 billion: Valuation of IndiGo under Elbers' leadership

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Investor Takeaway

IndiGo's interim CEO assumes charge, indicating a potential shift in leadership and operational strategy.

IPOScanner Logo

IPOScanner helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.

About IPO Scanner

IPOScanner is built for investors who want a clear view of every IPO opportunity in one place. From upcoming issues to live subscription data, allotment updates and listing performance, we bring together the key details you need to track the primary market.

Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.

Details of client bank account
For any query / feedback / clarifications, email at
[email protected].

Please read all offer documents and risk disclosures carefully before investing. IPOScanner does not provide investment advice and information on this site should not be treated as a recommendation to apply for any IPO.

© 2026 IPO Scanner. All rights reserved.