Air India Limited
Air India Limited is a wholly owned subsidiary of the Tata Group. On the anniversary of the airline's founder JRD Tata's birth, its new headquarters at Vatika One on One in Gurgram was inaugurated. The new headquarters space will be home to all TATA Group airlines. It was headquartered at the Airlines House in New Delhi prior to TATA's takeover.
| Company type | Subsidiary of Tata Group |
|---|---|
| Industry | Aviation |
| Founded | 30 March 2007 |
| Headquarters | New Delhi |
Key people |
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| Services | |
| Revenue | ₹41,400 crore (US$5.2 billion) (FY23) |
Net income | ₹−13,997 crore (US$−1.8 billion) (FY23) |
| Owner | Tata Group |
Number of employees | ~16500(Sept 2023) |
| Divisions |
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| Website | www.airindia.com |
It was previously a central public sector undertaking under the ownership of Ministry of Civil Aviation. It was incorporated on 30 March 2007 as the National Aviation Company of India Limited to oversee the merger of Air India, Indian Airlines and Alliance Air. It was renamed as Air India Limited on 26 October 2010.
Air India Limited was privatized through its sale to the Tata Group. On 8 October 2021 Tata Sons paid ₹180 billion (US$2.3 billion) to Government of India and Tata will also assume ₹153 billion (US$1.9 billion) of Air India Limited's debt as per the transfer deal. The remaining ₹462.62 billion (US$5.8 billion) of Air India Limited's debt was also transferred to AIAHL.
The Tata Group requested approval from the CCI to merge AirAsia India with Air India Limited in April 2022, which was granted on 14 June 2022.