Rakesh Gangwal

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Rakesh Gangwal
Born1952/1953 (age 66–67)[1]
Kolkata, India
ResidenceMiami, Florida, US
EducationIndian Institute of Technology Kanpur
Wharton School of the University of Pennsylvania
Known forCo-founder and 37% owner of IndiGo airline
Net worthUS$3.8 billion (August 2019)[1]

Rakesh Gangwal (born 1952/1953) is an American billionaire businessman. He is the co-founder and 37% owner of IndiGo airline.[1] He is the former chief executive officer (CEO) and chairman of US Airways Group. From June 2003 to August 2007, Gangwal was the chairman, president, and chief executive officer of Worldspan Technologies, a provider of travel technology and information services to the travel and transportation industry. From 2002 to 2003, Gangwal was involved in various personal business endeavors, including private equity projects and consulting projects. He was the president and CEO of US Airways Group from 1998 until his resignation in 2001.[2][3]

Early life[edit]

Gangwal was born in Kolkata in a Jain family[4], India in 1953. He did his schooling from Don Bosco (Park Circus), earned a bachelor's degree in Mechanical Engineering from the Indian Institute of Technology Kanpur in 1975, and an MBA degree from the Wharton School of the University of Pennsylvania.[1]


Prior to joining US Airways, he served as executive vice president for Air France, beginning in the November, 1994. His association with the airline industry began in September, 1980, when as an associate of Booz Allen & Hamilton, Inc, he worked closely with United Airlines. In 1984, he joined United as manager, strategic planning. He held a series of positions at United. Previously, Gangwal had been a financial analyst in the product development group of Ford Motor Co and a production and planning engineer with Philips India Ltd.

Gangwal has served on the board of advisers of the University of Colorado (Denver), the board of trustees of Providence St. Mel School (Chicago), the Board of Directors of the Airline Tariff Publishing Co. and Board of Trustees of the Alexian Brothers Medical Center (Elk Grove, III, USA). Gangwal was conferred with the Distinguished Alumnus Award of the Indian Institute of Technology Kanpur.[5]

Personal life[edit]

Gangwal is married, with one daughter, and lives in Miami, Florida.[1] Their daughter Parul works for the enterprise software company Salesforce in California.[1]


  1. ^ a b c d e f g "Forbes profile: Rakesh Gangwal". Forbes. Retrieved 26 August 2019.
  2. ^ "Sheikha Mozah Bint Nasser Al-Missned".
  3. ^ "Gangwal exits US Airways". www.post-gazette.com.
  4. ^ "IndiGo crisis: Rahul Bhatia may have upper hand in spat with Gangwal, says expert". The New Indian Express. Retrieved 2019-08-24.
  5. ^ Kiran. "Distinguished Alumni". www.iitk.ac.in. Retrieved 2018-07-05.