Garuda Indonesia finance director Balagopal Kunduvara resigns
Kunduvara said he stepped down on 6 November 2026, after being appointed at an extraordinary shareholders’ meeting in October 2025.
Balagopal Kunduvara has resigned as director of finance and risk management at PT Garuda Indonesia (Persero) Tbk. (GIAA), announcing his departure in a LinkedIn post. He said he stepped down on 6 November 2026.
Reflecting on his relatively brief tenure, Kunduvara said it had coincided with an important stage of the airline’s ongoing transformation. He said his work with colleagues had focused on strengthening the business, improving financial discipline and establishing a firmer foundation for future growth.
Kunduvara described the company’s recent financial and operational performance as an encouraging indication of progress. He attributed the transformation to collective efforts across the organisation and thanked colleagues, shareholders, stakeholders and business partners for their support.
He was appointed chief financial officer at an extraordinary general meeting of shareholders on 15 October 2025. The appointment formed part of restructuring by investment body BPI Danantara under President Prabowo Subianto’s policy to improve state-owned enterprise efficiency through international talent.
A Singaporean, Kunduvara previously spent 25 years at Singapore Airlines, where his final position was Divisional Vice President Financial Services. His educational background includes Nanyang Technological University, MIT and the National University of Singapore.
