The document provides information on Rahul Bhatia, an Indian businessman who is the co-founder and non-executive director of IndiGo airlines. It discusses his educational background, career founding InterGlobe Enterprises in 1989 which now holds IndiGo airline and hotel businesses. It describes how in 2006, he co-founded IndiGo airline with Rakesh Gangwal which commenced operations that year. It also mentions some of the awards he has received for his entrepreneurship.

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THOUGHT OF THE DAY
THOUGHT OF THE DAY
“The greatness of a man is not in how much wealth he
acquires, but in his integrity and his ability to affect those
around him positively.”
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shareholders to be treated as AE: Bangalore Tribunal.
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isn't comparable with low end ITES provider: Delhi Tribunal.
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PROFESSIONALS INPUTS:
 RBI vide Press Release No. 2016-2017/2173 dated 14th
February
2017 has cancels the Licence of the Shri Chhatrapati Urban Co-
operative Bank Ltd., Pimple Nilakh, Pune, Maharashtra.
 CBDT vide Press Release dated 13th
February 2017 has said that
Expeditious Issue of Refunds is a High Priority for the Central
Board of Direct Taxes.
 CBDT vide Press Release dated 13th
February 2017 has said that
Income Tax Department’s Operation Clean Money gets
Overwhelming Response.
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Date: 14th
February, 2017

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Rahul Bhatia
Managing Director of InterGlobe Enterprises
Rahul Bhatia is an Indian businessman and co-founder and Non-executive
director of low-cost carrier IndiGo and founder & group Managing
Director of InterGlobe Enterprises. IndiGo airline commenced operations in August
2006 and had its Initial Public Offering in October 2015. After the listing of the
airline on the Indian stock exchanges BSE and NSE, Forbes magazine declared him
the twentieth richest person in India (jointly with his father Kapil Bhatia), with a
net worth of $3.1 billion.
Early life and Education
Rahul Bhatia was born in 1955 in India. He attended the University of Waterloo and attained Bachelor of
Engineering degree. As a student at the University of Waterloo, he worked for two years with IBM. Bhatia
wanted to do Ph.D and become a teacher. He however was also doing some Information technology work
for United Airlines and in 1985, in the airlines' head-office in Chicago, he met Rakesh Gangwal with whom he
later co-founded IndiGo in 2006.
Career
Rahul Bhatia, as a student worked for two years with IBM where he was involved in the pilot project to
establish a fully automated screen manufacturing plant. His father, Kapil Bhatia used to run a travel agency by
the name Delhi Express which fell into trouble while Rahul Bhatia was living in the US. Rahul Bhatia returned
to India and started his career as a businessman by establishing InterGlobe Enterprises in 1989, dealing in air
transport management. He soon diversified into other businesses and developed number of travel related
businesses as well. InterGlobe Enterprises is a privately held corporate group which, apart from holding the
airline, also holds travel related businesses, chain of hotels in JV with Accor Hotels and three restaurants
in Gurgaon, Haryana. Along with Rakesh Gangwal, Rahul Bhtia co-founded IndiGo which commenced
operations in August 2006.
Rahul Bhatia currently serves as the non-executive director of IndiGo and group Managing Director of
InterGlobe Enterprises.
Rahul Bhatia and his father wanted to start an airline since many years and persuaded Rakesh Gangwal for
years to co-found the airline. Rakesh initially had no interest in starting an airline, but over dinner at Bhatia's
house one evening he agreed to work with them to launch the airline.
Look, you guys decide how much money you want to lose. I will work with you. I don't want any part of this
business. I will give you all my knowledge or whatever experience I have. But once you have lost that money,
shake hands and remain friends.
IndiGo placed firm order for 100 Airbus A320-200 aircraft in June 2005 with plans to commence operations in
mid-2006. The airline took delivery of its first Airbus aircraft on 28 July 2006 and the operations commenced
on 4 August 2006 with first flight operating from New Delhi to Guwahati.
Awards
 Ernst & Young Entrepreneur of the Year Award in 2010
 Economic Times Entrepreneur of the Year Award in 2011