SpiceJet CFO Ashish Kumar Resigns; Joyakesh Podder Takes Over
AVIATION & AIRPORTS

SpiceJet CFO Ashish Kumar Resigns; Joyakesh Podder Takes Over

SpiceJet announced the resignation of its Chief Financial Officer (CFO), Ashish Kumar. His departure marks a significant change in the airline's leadership. Stepping into his shoes is Joyakesh Podder, who will assume the role of head of finance. Podder's extensive experience in financial management is expected to bring fresh insights and stability to SpiceJet's financial strategies.

The transition comes at a critical time for SpiceJet, as the airline navigates through a challenging aviation market marked by fluctuating fuel prices, regulatory changes, and evolving consumer demands. Kumar's tenure saw the airline grappling with financial constraints and operational hurdles, making his resignation a pivotal moment for the company's future direction.

Joyakesh Podder, the incoming head of finance, brings a wealth of experience from his previous roles in the aviation and financial sectors. His expertise is anticipated to help SpiceJet streamline its financial operations, optimise costs, and enhance profitability. Podder's appointment reflects the airline's commitment to strengthening its financial health and operational efficiency.

SpiceJet's management expressed confidence in Podder's ability to lead the finance department through these turbulent times. They highlighted his track record of effective financial leadership and strategic planning as key assets that will support the airline's growth and resilience.

This leadership change underscores SpiceJet's ongoing efforts to adapt to the dynamic aviation landscape and reinforce its financial foundation. As the company moves forward, the focus will be on stabilising operations, improving financial performance, and ensuring sustainable growth in a competitive market.

SpiceJet announced the resignation of its Chief Financial Officer (CFO), Ashish Kumar. His departure marks a significant change in the airline's leadership. Stepping into his shoes is Joyakesh Podder, who will assume the role of head of finance. Podder's extensive experience in financial management is expected to bring fresh insights and stability to SpiceJet's financial strategies. The transition comes at a critical time for SpiceJet, as the airline navigates through a challenging aviation market marked by fluctuating fuel prices, regulatory changes, and evolving consumer demands. Kumar's tenure saw the airline grappling with financial constraints and operational hurdles, making his resignation a pivotal moment for the company's future direction. Joyakesh Podder, the incoming head of finance, brings a wealth of experience from his previous roles in the aviation and financial sectors. His expertise is anticipated to help SpiceJet streamline its financial operations, optimise costs, and enhance profitability. Podder's appointment reflects the airline's commitment to strengthening its financial health and operational efficiency. SpiceJet's management expressed confidence in Podder's ability to lead the finance department through these turbulent times. They highlighted his track record of effective financial leadership and strategic planning as key assets that will support the airline's growth and resilience. This leadership change underscores SpiceJet's ongoing efforts to adapt to the dynamic aviation landscape and reinforce its financial foundation. As the company moves forward, the focus will be on stabilising operations, improving financial performance, and ensuring sustainable growth in a competitive market.

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?