SpiceJet

Founded

1994 (1994)
(as ModiLuft)
2004 (2004)
(as SpiceJet)

Commenced operations

24 May 2005

Operating bases

Subsidiaries SpiceXpressFleet size54Destinations35Traded as BSE: 500285
NSE: SPICEJET ISININE285B01017HeadquartersGurgaon, Haryana, IndiaKey people

Ajay Singh (chairman and MD)
Sanjeev Taneja (CFO)
Debojo Maharshi (CBO)

Revenue

₹8,524 crore (US$890 million) (2024)Operating income

₹−423 crore (US$−44 million) (2024)Net income

₹−423 crore (US$−44 million) (2024)Total assets

₹6,472 crore (US$670 million) (2024)Total equity

₹−5,218 crore (US$−540 million) (2024)Employees6,484 (2025)Websitewww.spicejet.com

SpiceJet is an Indian low-cost airline headquartered in Gurgaon, Haryana. As of May 2025, it is the fourth largest airline in India by number of domestic passengers carried, with a market share of 4%.

Established as air taxi provider ModiLuft in 1994, the company was acquired by Indian entrepreneur Ajay Singh in 2004 and renamed SpiceJet. The airline operated its first flight in May 2005. 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.