Deccan Aviation Ltd is India's first budget airline and the country's largest private sector helicharter company. Promoted by ex-defense officers led by Capt. G. R. Gopinath, Air Deccan has redefined the airline landscape in India and is now not only the country's leading Low Cost Carrier but also the second largest airline in the country.

In May 2006, the company raised money from the capital markets. The company also engineered a unique financial transaction with Investec (UK) raising an additional funding of USD 100 million.