Net Worth (2025): $6.6 Billion
Long before he became one of the most influential figures in global aviation, Rakesh Gangwal was a young engineer from Kolkata with a fascination for systems. Currently, Gangwal is primarily recognized as the co-founder of IndiGo, which is India’s largest and most prosperous airline, as well as for serving as the Chairman of the Board at Southwest Airlines in the United States. His story is one of cross-border ambition, visionary leadership, and an unshakable belief in building things that last.
Dreams Took Flight in Kolkata
Born in July 1953 into a Marwari Jain family in the vibrant city of Kolkata, Rakesh Gangwal’s journey started there. He went to Don Bosco School in Park Circus before getting a degree in mechanical engineering from the Indian Institute of Technology (IIT) Kanpur. He graduated in 1975 and was already on the way to a bright future. In the aviation industry, his approach would soon revolve around his ability to blend engineering perfection with business expertise.
From Consultant to CEO
In 1980, Gangwal started his professional career as a consultant on aviation-related projects at Booz Allen Hamilton. He had his first extensive experience with United Airlines in this capacity, and the airline subsequently extended an offer to hire him on a full-time basis. When he joined United Airlines in 1984 as manager of strategic planning, he quickly advanced through the ranks of the organisation which eventually propelled him into leadership roles, leading to his position as senior vice president before he transitioned to Air France. He was also named US Airways’ CEO in 1998, and he remained in that role until 2001.
A New Era in Indian Aviation: IndiGo
Along with Rahul Bhatia, Rakesh Gangwal co-founded InterGlobe Aviation, the parent company of IndiGo, in 2006. Gaining decades of international aviation experience, Gangwal continued strategic and technical planning, while Bhatia oversaw operations in India. This collaboration combined technical precision with financial discipline, which set a new benchmark for low-cost carriers in Asia and had a significant impact on the aviation industry.
At present, IndiGo, renowned for its cost-effectiveness, holds the largest market share in India’s domestic aviation sector, which keeps it growing internationally. Gangwal still retains a significant portion of the company through The Chinkerpoo Family Trust.
Leading One of America’s Top Airlines
With a net worth of over $6.6 billion as of 2025, Rakesh Gangwal is one of the top Indian-origin billionaires in the US. In 2024, he joined the board of directors at Southwest Airlines, one of America’s most successful airlines. Later that year, he became Chairman of the Board, strengthening his leadership role in both Eastern and Western aviation markets. His commitment to shaping the company’s future was demonstrated by the fact that his appointment was supported by a personal investment of more than $100 million.
Shaping the Future of Global Air Travel
IndiGo’s success has enabled millions of Indians to confidently travel domestically. Gangwal’s efforts are greatly appreciated and valued due to the global impact made. His leadership at Southwest Airlines in the US shows a deep understanding of customer needs and market trends. Beyond business, Gangwal has remained connected to his roots, donating generously to IIT Kanpur and supporting educational initiatives in India. His journey depicts the power of technical skills, ambition, and careful execution. Entrepreneurs and business leaders are inspired by his journey, as his story serves as motivation for all. As aviation evolves in the years to come, his legacy will remain as a guiding force on how airlines operate, grow, and serve people around the world.
