Who is the real owner of SpiceJet?
Ajay Singh is the principal shareholder and Chairman and Managing Director of SpiceJet, India’s secondlargest airline by fleet size. Mr. Singh launched SpiceJet in 2005 with the objective of making flying affordable for all Indians. SpiceJet has secured Rs 3,000 crore in funding through an oversubscribed QIP, giving the struggling airline another chance at survival. Promoter Ajay Singh had previously saved the airline from collapse nearly a decade ago. The new funds aim to help SpiceJet unground its fleet, clear dues, and enhance operations.The airline reported a profit after tax of ₹319 crore in Q4-FY25 and ₹48 crore in FY25, driven by a profitable Q4. All airlines benefited from the once-in-a-lifetime Maha Kumbh at Prayagraj, and SpiceJet had a significant portion of its total capacity deployed to Prayagraj from various points in the country.IndiGo (6E) has the majority share of capacity from India with 49% of the market. IndiGo’s capacity in September 2025 is at 11. Air India (AI) is the second biggest airline in India with 3.With new aircraft joining the fleet, the airline said it is positioning itself for sustained growth in both capacity and connectivity, reported ANI. SpiceJet is currently India’s fourth-largest airline by domestic passenger market share, carrying 4% as of May 2025.
Is SpiceJet owned by Tata?
Indian media baron Kalanidhi Maran acquired a controlling stake in SpiceJet in June 2010 through Sun Group which was sold back to Ajay Singh in January 2015. The airline operates a fleet of Boeing 737 and Bombardier Dash 8 aircraft. Ajay Singh (born 29 December 1965) is an Indian businessman, sports administrator, bureaucrat and investor. He is the principal shareholder, chairman, and managing director of SpiceJet, a low-cost airline with headquarters in Gurugram, Haryana.
What is the price target for SpiceJet?
Spicejet Ltd. The consensus estimate represents an upside of 104. View 1 reports from 1 analysts offering long-term price targets for Spicejet Ltd. SpiceJet’s stock has hit a new 52-week low, reflecting significant volatility and underperformance compared to its sector. The airline faces financial challenges, including a negative book value, high debt-to-equity ratio, and declining net sales, raising concerns about its long-term viability in a turbulent market.The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SpiceJet Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.