Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
you are here: HomeNewsInterups fund
interups fund
Jump to
  • Exclusive: Here's a peek at NRI entrepreneur Laxmi Prasad’s $1.9 billion plan for Trujet Apr 05, 2021 02:49 PM IST

    Exclusive: Here's a peek at NRI entrepreneur Laxmi Prasad’s $1.9 billion plan for Trujet

    Prasad was in the running for Air India with his Interups fund. Now, he is banking on Trujet to give wing to his aviation ambitions in India. The plan includes expanding Trujet’s fleet to over 100 aircraft from just 7 now. The Hyderabad-based airline has been operating at the fringes of the Indian aviation industry, and had a market share of 0.6 percent as of February 2021 down from 0.7 percent a year earlier.