Ajay Singh (entrepreneur)
Ajay Singh is an Indian entrepreneur, co-founder and present owner of Indian low cost airline SpiceJet.[1] Mr. Singh served as a Director of SpiceJet Ltd until August 27, 2010 after which he transferred the ownership of the company to Sun Group's chairman and managing director Kalanithi Maran.[2] On 15 January 2015, he again re-acquired the ownership of SpiceJet from Kalanithi Maran.[3]
Career
Singh along with Bhupendra Kansagra acquired and rebranded ModiLuft in 2005 which was earlier owned by SK Modi and Lufthansa. In August 2010, Kalanithi Maran acquired the 38.7 percent controlling stake at Spicejet which forced Singh to quit from the board.[1] In February 2015, Ajay Singh joined SpiceJet again as a promoter and bought controlling stakes for Rs 2.[4][5][6]
References
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