Just when everyone thought SpiceJet was on the verge of bankruptcy, entrepreneur couple Preeti and Harihara Mahapatra committed to invest Rs. 1100 crore in the struggling airline to bring it back to life.
According to the number of domestic passengers carried, SpiceJet is India’s second largest airline. Ajay Singh and Bhupendra S. Kansagra launched the budget airline on February 9, 1984, and operations began on May 23, 2005. SpiceJet has seen its ups and downs over the years, but it was the COVID-19 pandemic that put the renowned airline in a difficult situation.
However, SpiceJet airline was able to pass it without being demolished, unlike many other firms who were unable to withstand the losses inflicted by COVID-19. There are a number of emerging difficulties at SpiceJet, but one of the most major causes contributing to the airline’s demise is financial mismanagement.
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In December 2023, news circulated that SpiceJet was interested in purchasing the bankrupt airline, Go First. Many market experts were taken aback by the rumors, but it’s fair to say that if all goes well, the acquisition of Go First might represent a watershed moment for SpiceJet.
Meet Preeti and Harihara Mahapatra, a Mumbai-based business couple who decided to invest Rs. 1,100 crores in SpiceJet
Apart from that, certain big advancements at SpiceJet’s headquarters in Gurgaon, India, have made news. According to several media reports, prominent business couple Preeti and Harihara Mahapatra have chosen to invest Rs. 1,100 crores in SpiceJet airline in exchange for a 19% share. The enormous investment can assist the airline in introducing more capacity and settling liabilities, which has been another major concern for SpiceJet.
People became fascinated about the past of this corporate couple, who is all ready to resurrect the faltering airline, as soon as rumors of Preeti Mahapatra and Harihara Mahapatra making such a large investment in SpiceJet hit the internet. So, we’ve compiled a list of previously unknown information regarding their personal life. So, without further ado, let’s get started.
Harihara and Preeti Mahapatra own the business Mahapatra Universal Limited.
Mahapatra Universal Limited, which is situated in Gujarat, is owned by Harihara Mahapatra and Preeti Mahapatra. When it comes to the company, it operates in a variety of industries. From engineering, information technology, consultancy, and infrastructure to consumer and retail, Mahapatra Universal Limited strives to improve the quality of life for the businesses with which it collaborates. Mahapatra Universal Limited has years of experience and three significant brands under its umbrella: Sceniuz, Preeti’s, and Happy Hours.
Background and educational qualifications of Harihara Mahapatra
Harihara Mahapatra, a well-known businessman, has spent the last 16 years working in a variety of industries. His ability to elevate his company, Mahapatra Universal Limited, to such a renowned position in India demonstrates his vision and strategic intellect. According to several accounts, Harihara holds an MBA and has extensive experience in business activities involving multi-cultural backgrounds. Harihara Mahapatra made headlines a few months ago when he revealed his ambition to build India’s tallest structure in Gujarat’s Khajod. Although the entrepreneur has not revealed much about it, he apparently hopes to put his idea into action in the next years.
Preeti Mahapatra has a political background and admires Prime Minister Narendra Modi
On the one hand, while Harihara Mahapatra is a well-known businessman, his wife, Preeti Mahapatra, has also earned a name for herself in politics. For the uninitiated, Preeti ran in the Uttar Pradesh Rajya Sabha election in 2016 on a Bharatiya Janata Party (BJP) ticket. Although she eventually lost the race, she garnered a lot of attention during the campaign and thereafter.
Preeti Mahapatra has spoken favorably of Prime Minister Narendra Modi and how he motivated her to enter politics in order to serve the country. Preeti runs Mahapatra Universal Limited with her husband, Harihara Mahapatra, in addition to being involved with the BJP. Preeti manages an unnamed non-profit organization in addition to launching a number of companies abroad and holding a Master’s degree in International Business and Export Management.
Preeti Mahapatra is closely involved in the activities of Mahapatra Universal Limited, thanks to her wealth of expertise and experience. It will be intriguing to observe how Preeti and her husband, Harihara Mahapatra’s massive investment of Rs. 1,100 crores will shape SpiceJet’s future.
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