Tag Archives: S. Ramadorai

AirAsia India has appointed Sunil Bhaskaran as its Chief Executive Officer and Managing Director with effect from November 15, 2018 to oversee the next phase of expansion and growth of the company. Bhaskaran is currently Vice President, Corporate Services, Tata Steel. He has over three decades of experience in the fields of manufacturing, export and commercial operations with the Tata group. S Ramadorai, Chairman, AirAsia India, said, “We are delighted to welcome Mr Bhaskaran as the new CEO & MD of AirAsia India. With India’s aviation sector growing at a rapid pace, we are confident his extensive experience, ability to drive performance and work seamlessly with all stakeholders will be a great asset for AirAsia India.” Bhaskaran has held several senior positions in the Tata group. He is also on the Global Advisory Board of Social Accountability International (SAI), New York. He was with Tata International from 2001 till 2005. He completed his B Tech from IIT, Delhi in 1985, followed by a post-graduation in management from IIM, Kolkata in 1987. He joined Tata Steel in 1987 and subsequently completed his GMP from Cedep at Insead, France in 2000.

Tata Sons has entered into an agreement with Air Asia (India), Telestra Tradeplace and two of the directors of the Company, being S. Ramadorai (Chairman) and R. Venkataramanan, under which Tata Sons proposes to increase its stake in the company to 49 per cent from its existing stake of 41.06 per cent, by acquiring 7.94 per cent equity stake from Telestra. S. Ramadorai and R. Venkataramanan, in their individual capacity, propose to acquire 0.5 per cent and 1.5 per cent shareholding respectively of Telestra’s remaining 2 per cent equity stake in the Company. AirAsia Investment Ltd. will continue to hold its 49 per cent stake in the Company. The agreement was entered into on March 14, 2016, and the transaction is proposed to be completed in April, 2016, subject to completion of the relevant corporate approvals and processes.