Wed, Jul 24, 2019

Tarun Bhatia Talks About Dispute Between IndiGo Co-founders in Mint

Tarun Bhatia, Managing Director in the Business Intelligence and Investigations practice of Kroll, a division of Duff & Phelps, was featured in a Mint article titled “IndiGo flies high in Q1 amid falling-out between promoters.” The airline has reported its highest ever quarterly profits on July 19, 2019. 

Although discussions during the board meeting had mentioned that the current dispute between its co-founders will not affect the company’s growth and expansion strategy, it is still important to resolve the differences quickly.

“In the services industry, such issues also dent the brand and reputation of the company that takes years to rebuild. Also, lenders, especially for a high-capex business like airlines, start getting concerned and may pull back. The best solution would be to rework the terms of agreement, or one of them should exit." Tarun said.

Read the full article here.