Co-Founder Ajay Singh took over SpiceJet for only â¹2
Ajay Singh, the Co-founder of budget carrier SpiceJet, paid â¹2 in 2015 to buy a 58.46% stake in SpiceJet from then promoter Kalanithi Maran and his investment company KAL Airways. Singh had offered to take over the airline after it faced near-closure in December 2014. SpiceJet has turned around since Singh's return with its stock rising over 800%.