Between 2016 and 2022, IndiGo, which commands a domestic market share of over 50 percent, has seen four people take up the position of CFO. This is not in sync with the average tenure of CFOs in corporate India.
Against this backdrop, Yashojit Mitra, Partner at Economic Laws Practice (ELP) has been quoted by moneycontrol.com in their article titled ‘IndiGo has a CFO problem’. Yashojit says, ‘From a global perspective, the typical tenure of a CFO for large companies is an average of about four-and-a-half to five years. The fact that IndiGo has had to appoint four CFOs since 2016 is not in sync with the average tenure of CFOs in corporate India.’
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