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Thakur and three other convicts were to be hanged on Saturday but a city court indefinitely postponed their hanging.
“Akshay Thakur filed a mercy plea before President Ram Nath Kovind on Saturday,” Director General (Prison) Sandeep Goel said.
Earlier in the day, the President rejected the mercy plea of another accused, Vinay Sharma.
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Six people — Mukesh, Vinay, Akshay Kumar Singh, Pawan Gupta, Ram Singh and a juvenile — were named as accused.
The trial of the five adult men began in a special fast-track court in March 2013.
The prime accused, Ram Singh, allegedly committed suicide by hanging himself in Tihar jail days after the trial began. The juvenile, who was said to be the most brutal of the attackers, was put in a correctional home for three years.
He was released in 2015 and sent to an undisclosed location amid concerns over a threat to his life. The juvenile, when released, was 20 years old.
Mukesh, Vinay, Akshay and Pawan were convicted and sentenced to death in September 2013.