Premji Invest, Ranjan Pai Eye Investment in Akasa Air

26 Aug 2024 CW Team

Premji Invest and Ranjan Pai's investment team are in discussions to acquire a stake in Akasa Air, India's newest airline. The talks come as Akasa looks to strengthen its financial backing and expand its fleet and operations across the country.

Premji Invest, the family office of Wipro founder Azim Premji, and Ranjan Pai, a well-known investor and chairman of Manipal Education and Medical Group, are evaluating the potential of this investment as they aim to diversify into the aviation sector. Akasa Air, founded by late investor Rakesh Jhunjhunwala, has quickly established itself in India's competitive aviation market since its launch in 2022.

The deal, if finalised, will mark another significant private equity investment in the Indian aviation sector, which has seen substantial growth due to increased air travel demand and the expansion of low-cost carriers. The airline currently operates a fleet of Boeing 737 Max aircraft and has ambitious plans to further enhance its network across domestic and international routes.

Akasa Air is expected to benefit from the backing of high-profile investors like Premji and Pai, which will provide additional resources for fleet expansion and operational growth as it continues to compete with established players like IndiGo and SpiceJet.

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..