As of March 2014, IndiGo is the second-largest low-cost carrier in Asia in terms of seats flown. Later, IndiGo announced that it planned to seek permission from the ministry to acquire four more aircraft, therefore taking delivery of nine aircraft in 2013. In February 2013, following the announcement of the Civil Aviation Ministry that it would allow IndiGo to take delivery of only five aircraft that year, the airline planned to introduce low-cost regional flights by setting up a subsidiary. In January 2013, IndiGo was the second-fastest-growing low-cost carrier in Asia behind Indonesian airline Lion Air. On 17 August 2012, IndiGo became the largest airline in India in terms of market share surpassing Jet Airways, six years after commencing operations. For the quarter ending March 2012, IndiGo was the most profitable airline in India and became the second largest airline in India in terms of passenger market share.
In February 2012, IndiGo took delivery of its 50th aircraft, less than six years after it began operations. In December 2011, the DGCA expressed reservations that the rapid expansion could impact passenger safety. In January 2011, after completing five years of operations, the airline got permission to launch international flights. In 2011, IndiGo placed an order for 180 Airbus A320 aircraft in a deal worth US$15 billion. In December 2010, IndiGo replaced state-run carrier Air India as the third largest airline in India, behind Kingfisher Airlines and Jet Airways with a passenger market share of 17.3%. By the end of 2006, the airline had six aircraft, and nine more were acquired in 2007. It commenced operations on 4 August 2006 with a service from New Delhi to Imphal via Guwahati. IndiGo took delivery of its first aircraft on 28 July 2006, nearly a year after placing the order. IndiGo placed a firm order for 100 Airbus A320-200 aircraft in June 2005 with plans to begin operations in mid-2006.
InterGlobe had a 51.12% stake in IndiGo and 47.88% was held by Gangwal's Virginia-based company Caelum Investments. IndiGo was founded in 2006 as a private company by Rahul Bhatia of InterGlobe Enterprises and Rakesh Gangwal. IndiGo has been ranked as the 4th most punctual airline globally in 2018, 6th most punctual airline globally in 2019 and 3rd most punctual airline globally in 2021 by OAG Punctuality League.
Pieter Elbers is currently the company's chief executive officer. The company went public in November 2015. The airline became the largest Indian carrier by passenger market share in 2012. It took delivery of its first aircraft in July 2006 and commenced operations a month later. The airline was founded as a private company by Rahul Bhatia of InterGlobe Enterprises and Rakesh Gangwal in 2006. It has its primary hub at Indira Gandhi International Airport, Delhi. The airline operates 1,600 daily flights, as of November 2022 to 101 destinations – 75 domestic and 26 international. The airline has carried over 300+ million passengers as of November 2022.
It is also the largest individual Asian low-cost carrier in terms of jet fleet size and passengers carried, and the fourth largest carrier in Asia. It is the largest airline in India by passengers carried and fleet size, with a 57.5% domestic market share as of April 2023. InterGlobe Aviation Limited, doing business as IndiGo, is an Indian low-cost airline headquartered in Gurgaon, Haryana, India.
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