Ronojoy Dutta, chief executive officer of IndiGo. (Photographer: Ruhani Kaur/Bloomberg)

IndiGo Has A Great Track Record Of Resolving Issues, Says CEO Ronojoy Dutta

There may be differences between IndiGo promoters Rakesh Gangwal and Rahul Bhatia on certain matters but the company has a great track record of resolving such matters and coming out ahead, said airline's chief executive officer Ronojoy Dutta on Saturday.

"We all know, that in any strong and well-managed company there will always be differences. And, yes, there may be differences currently on certain matters but the company has a great track record of resolving issues and coming out ahead," Dutta said in a press release on Saturday evening.

If the current differences were to not get resolved, you shall certainly hear about it; however, it serves no purpose speculating about it.
IndiGo CEO Ronojoy Dutta

This is a first statement issued by Dutta since Thursday morning when various media reports were published about differences between Bhatia and Gangwal.

Also read: IndiGo Poised For Biggest Drop in Year After Reports Billionaire Founders Hired Lawyers

"We all know, that in any strong and well-managed company there will always be differences," Dutta said.

"And, yes, there may be differences currently on certain matters but the company has a great track record of resolving issues and coming out ahead," he added.

Dutta said that he "deeply resents and wishes" to dispel all attempts to portray "us as a fractured team at IndiGo".

While Gangwal owns around 37 percent share in InterGlobe Aviation Ltd., Bhatia has around 38 percent share in the company that is listed on the Bombay Stock Exchange.

Dutta said that Gangwal has authorised him to give a following statement on his behalf: "I am categorically and clearly stating that there is no interest or desire whatsoever on the part of the RG (Rakesh Gangwal) Group to take control of the company."

Also, to put to rest the messaging on the fact that the RG Group is attempting to renegotiate the Shareholders Agreement, I am placing on record that the RG Group stands by the current SHA which, in any case, expires this October”.
IndiGo CEO Ronojoy Dutta

The airline’s CEO also clarified that its growth strategy remains unchanged. “We remain committed to our path of a rapid buildup of airline connectivity within India and to international destinations,” Dutta said.

IndiGo’s strategy in terms of growth and cost leadership remain unchanged, we remain committed to being an institution which benchmarks itself against the best-in-class organizations across the world.”
IndiGo CEO Ronojoy Dutta