Managing Director, Paramount Airways, India
Contribution to Organisation
2009

This “Contribution to the Organisation” Award recognises Mr. Thiagarajan’s contributions in upgrading the quality of human capital in his visionary quest to establish a new business model in the Indian aviation market – a business airline. 

Mr Thiagarajan is a young, charismatic and influential entrepreneur who has been identified as one of India’s top 50 young people. At a time when the Indian Aviation was abuzz with the concept of low cost airlines, he chose a “high value carrier business model” targeting the premium segment of customers with a business and first class configuration using Brazil-made Embraer aircraft. 

Today, the reigning carrier has a 27% market share in its southern India operations and has consistently seen an increase in the market pie since its inception. It is one of the few airlines in India still making a profit. 

Understanding the need for air connectivity in India, Paramount introduced the hub and spoke model wherein metro cities are connected to tier 2 and tier 3 cities. Paramount operates fifty two flights daily and offers the maximum connectivity and frequency in Southern India. 

In due course, Thiagarajan plans to take the airline international and underline its presence across the globe. He is regarded as a determined, articulate leader who fosters innovative thinking. As a young entrepreneur, many in the Indian aviation industry consider him as serious and silent player who will be formidable in the twenty first century emerging Asian landscape. Thiagarajan hails from a renowned industrial family from Madurai that has varied business interests like Textiles, Banking and Insurance. His family has been a major supporter of educational programmes. .