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February 13, 2016 4:28 AM ET

Hotels, Restaurants and Leisure

Company Overview of InterGlobe Enterprises Limited

Company Overview

InterGlobe Enterprises Limited, through its subsidiaries, provides aviation and travel related services. It also operates an airline and hotels. In addition, the company provides business process outsourcing and IT services to travel, transportation, and hospitality industries. Further, it offers travel technology solutions. Furthermore, the company provides airline management services, such as duty-free operations, ground handling, and cabin crew management, as well as provides various products ranging from executive jets to luxury yachts, and sports cars to mini submarines. InterGlobe Enterprises Limited was founded in 1989 and is headquartered in Gurgaon, India with additional offices int...

Block 2B, DLF Corporate Park

DLF City Phase III

Gurgaon,  122002


Founded in 1989


91 12 4235 8201

Key Executives for InterGlobe Enterprises Limited

Group Managing Director and Director
Age: 55
Executive Chairman
Controller Finance, Planning & Development
Advisor and Chief Executive Officer of InterGlobe Air Transport
Chief Executive Officer of InterGlobe Hotels and President of InterGlobe Hotels
Compensation as of Fiscal Year 2015.

InterGlobe Enterprises Limited Key Developments

Indigo Seeks INR 25 billion IPO

Leading airline InterGlobe Enterprises Limited, which runs the country's biggest airline by market share, under IndiGo' brand, is currently in the process of finalizing its draft red herring prospectus for estimated INR 25 billion public offer and may submit the same to Sebi as early as next week, sources said.

InterGlobe Enterprises Plans To Raise Funds

InterGlobe Enterprises Limited plans to launch an initial public offering following improvement in market conditions after the induction of a new government at the centre. InterGlobe is believed to be in discussions with merchant bankers on the pricing and timing of the issue, though the management has not made any announcement in this regard. The size of the issue is expected to be $400 million.

InterGlobe Enterprises Reportedly In Talks To Sell Hudson News Cafe Business

InterGlobe Enterprises Limited is talking to potential buyers for its Hudson News Cafe convenience stores at Delhi Metro stations, reported MINT citing two people familiar with the negotiations. One of the two people said, "Retail is not its (Interglobe's) core business. The move is indicative of their exit from retail altogether." Both the people declined to be named. An InterGlobe spokesman said by an email, "The company was evaluating options, including looking at rationalizing the location of a few outlets in consultation with Delhi Metro Rail Corp. Ltd." An executive at a Delhi-based retailer, who spoke on condition that neither he nor his firm be named, said, "We have been in talks with various chains including Hudson, but no deal has been inked."

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