Business · Companies · 14 hrs ago
Garuda Indonesia finance director Balagopal Kunduvara resigns
Balagopal Kunduvara resigned as Garuda Indonesia’s finance director on November 6, he said in a LinkedIn post.
The Singaporean executive also served as the airline’s director of risk management.
Garuda Indonesia is a state-owned airline, and Kunduvara was appointed in October 2025 as part of a restructuring led by investment body BPI Danantara.
He said his departure came during an important period in the company’s ongoing transformation.
Kunduvara called recent financial and operational results an encouraging sign of progress and credited staff across the company for the work.
The company’s transformation is continuing, but no next steps for the finance leadership were stated.
Garuda Indonesia finance and risk management director Balagopal Kunduvara resigned on 6 November 2026.
He announced his resignation in a LinkedIn post, according to CNBC Indonesia.
Kunduvara said his departure came during an important period in the company’s ongoing transformation.
He had been appointed Garuda Indonesia’s chief financial officer on 15 October 2025.
Before joining Garuda, he spent 25 years at Singapore Airlines.
- Who
- Balagopal Kunduvara, Garuda Indonesia’s finance and risk management director.
- What
- He resigned from his role as the airline’s chief financial officer.
- When
- 6 November 2026.
- Where
- Garuda Indonesia; the sources do not state where he resigned from.
- Why
- He said his resignation coincided with an important period in the company’s ongoing transformation. He did not give a specific reason.
This story does not have two clearly opposing sides.
Kunduvara was appointed Garuda Indonesia’s chief financial officer through an extraordinary general meeting of shareholders.
Kunduvara resigned from his position.
CNBC Indonesia reported his resignation, citing his LinkedIn post.
- Resignation date
- 6 November 2026
- Company
- PT Garuda Indonesia (Persero) Tbk.
- Appointment date
- 15 October 2025
- Previous employer
- Singapore Airlines
- Time at Singapore Airlines
- 25 years
What people are saying
Last Friday, I resigned as CFO of Garuda Indonesia.
Although my tenure with the Garuda Indonesia group was relatively short, it coincided with an important period in the company’s ongoing transformation.
The positive momentum reflected in the company’s latest financial and operational performance is an encouraging sign of the progress made across the organization.
I am proud to have played a part in that journey and am grateful to colleagues, shareholders, stakeholders, and business partners for their trust, support, and collaboration.