He would be the third CEO and MD of Bengaluru-headquartered AirAsia India, which started operations in June 2014.
He would "oversee the next phase of expansion and growth of the company", the release said.
Bhaskaran would replace Amar Abrol, who stepped down from the position in June to join back the parent company AirAsia in Malyasia.
With India's aviation sector growing at a rapid pace, Ramadorai also expressed confidence that his extensive experience, ability to drive performance and work seamlessly with all stakeholders would be a great asset for AirAsia India.
"I am thankful to the board and the shareholders (Tata Sons and AirAsia Bhd) for meeting with the shortlisted candidates in arriving at the unanimous selection of Bhaskaran," Ramadorai said.
He is also on the Global Advisory Board of Social Accountability International (SAI), New York. He completed his B Tech from IIT, Delhi in 1985 and did post graduation in management from IIM, Kolkata in 1987.
Tata Sons and AirAsia Berhad hold 49 per cent each in AirAsia India. The remaining two per cent stake is held by Ramadorai and R Venkataramanan, who is a non-executive director at the domestic airline and has been associated with Tatas for a long time.
Meanwhile, the CBI has filed an FIR against AirAsia and other officials, including Group CEO Tony Fernandes, for allegedly trying to manipulate government policies through corrupt means to get international licence for AirAsia India.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)