Archive · 28 Jul 2026
IndiGo Appoints New CFO Amid Financial Challenges
IndiGo, a major airline in India, has appointed Kiran Thadimarri as its new Chief Financial Officer (CFO).
The previous CFO, Gaurav Negi, will now serve as an advisor to the Managing Director, Rahul Bhatia.
This change comes after IndiGo reported a net loss for the June quarter due to higher fuel prices and other factors.
Additionally, the airline has received a customs order that disputes the classification of some imported goods, leading to a penalty.
IndiGo plans to contest this order.
IndiGo appoints Kiran Thadimarri as new CFO, replacing Gaurav Negi.
Negi will serve as advisor to Managing Director Rahul Bhatia.
Change effective from July 28.
IndiGo reports a net loss of ₹238 crore for the June quarter.
Customs order imposes a penalty of ₹1.14 crore for revised classification of imported goods.
- Who
- IndiGo, Kiran Thadimarri, Gaurav Negi
- What
- Appointment of new CFO and customs order
- When
- Effective from July 28
- Where
- India
- Why
- Management reshuffle and customs classification dispute
IndiGo's Perspective
Customs Authority's Perspective
Classification of Imported Goods
IndiGo's Perspective
IndiGo believes it correctly classified the imported goods and paid the applicable customs duty.
Customs Authority's Perspective
The Principal Commissioner of Customs, New Delhi, has issued an order based on a revised classification of imported goods.
- New CFO
- Kiran Thadimarri
- Previous CFO
- Gaurav Negi
- Effective Date of Change
- July 28
- Net Loss for June Quarter
- ₹238 crore
- Penalty Imposed by Customs
- ₹1.14 crore
