Mumbai firm Darwin Group submits bid to invest in grounded Jet Airways

Singh's Darwin Platform Group is the third unsolicited bidder to stake a claim for revival of the grounded airline

Ajay Harinath Singh, a Mumbai-based resident who claims to run diverse businesses across 11 countries, has submitted an offer to invest in Jet Airways.

Singh’s Darwin Platform Group (DPG) is the third unsolicited bidder to stake a claim for revival of the grounded airline. Others include former flight steward-turned-entrepreneur Jason Unsworth and London-based investment firm Adi Partners.

Representatives of DPG, including its Chief Executive Officer Rahul Ganpule met executives of SBI Capital Markets on Wednesday. The meeting took place a day after top-level exits at Jet, which is seen as a pointer to airline’s uncertain future.

Lenders had called for bids last month