Ownership Structure of Akasa Air

Introduction to Akasa Air

Akasa Air is a new private commercial airlines company founded by stock trader and  Indian billionaire Mr. Rakesh Jhunjhunwala. It was founded in December 2021 by the company SNV Aviation Pvt. Ltd. The initial round of investment made is $ 50 million.

NameAkasa Air
Parent CompanySNV Aviation Pvt. Ltd.
Establishment December 2021
HeadquarterMumbai, Maharashtra, India
Chief Executive OfficerVinay Dubey

Akasa Air has already been making headlines as the Indian low-cost carrier airline. It operates  with a low cost business model. The company is flying with an aim to connect the metro cities with the tier 2 and tier 3 cities of India. The company strongly believes in employee centric culture for sustainable and participatory operation. Travelers will definitely benefit from the introduction of new airlines in India. This will make the Indian Aviation Industry more competitive.

Ownership Structure

Mr. Rakesh Jhunjhunwala & wife45.97 %
Mr. Vinay Dube16.13 %
Mr. Madhav Bhatkuly9.41 %
Mr. Sanjay Dube7.59 %
Mr. Niraj Dube7.59 %
PAR Capital Ventures LLC6.37 %
Mr. Kartik Verma1.93 %
Mr. Ninan Chacho1.07 %
Others3.94 %
Total100 %

Mr. Rakesh Jhunjhunwala 

Rakesh Jhunjhunwala is an Indian billionaire businessman, a prominent stock trader and an investor.  He is regarded as Indian Warren Buffett. The network of Mr. Jhunjhunwala is worth $ 5.7 billion. Other major holdings and investments of Mr. Rakesh Jhunjhunwala are:

StocksHolding Value
Titan Company LimitedRs. 8685.2 crore
Star Health and Allied Insurance Company LimitedRs. 6274.5 crore
Metro Brands LimitedRs. 2116.3 crore
Tata Motors LimitedRs. 1526.6 crore
Crisil LimitedRs. 1244.4 crore
Fortis Healthcare LimitedRs. 726 crore

Mr. Vinay Dube

Vinay Dube is an aviation industry veteran. He has served as the CEO of the two airlines i.e. Jet Airways and GoAir. Currently he is the CEO and co-founder of Akasa Air.

He has served in the executive position of Delta Airlines, a major carrier in the United States and an oldest airline. He served as a Senior VP for the Asia-Pacific operation of Delta Airlines.

Madhav Bhatkuly

Madhav Bhatkuly is the founder, Chief Executive Officer, Chief Investment Officer of New Horizon Investment Inc. He founded the company in 2008. He has also been a board member of Unite Breweries Limited since 2009.

He holds 9.41% of Akasa Airline, the third highest shareholder.


Leave a Comment