Air India back with the Tatas after seven decades

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New Delhi, Oct 8 | Life has come a full circle for the Tatas with the government declaring the corporate conglomerate the winning bidder to take over national carrier Air India.

The airline the group once started and nurtured into becoming the face of India globally has come back to its original owners now after 68 years.

The seeds for Air India were sown way back in 1932 when J.R.D. Tata flew a small aircraft between Karachi and Mumbai with mail. Impressed by the success of the flight, a former Royal Air Force officer offered to help him start a commercial airline service.

This became the country’s first India’s air service called the Tata Airlines. The airline had a very humble beginning as the company was set up with an initial capital of just Rs 2 lakh.

But ever since on its maiden flight between Mumbai and Delhi in 1937, the airline has never looked back and expanded and grown operations.

Tata Airline turned into Air India in 1946 the same year it went public and became a joint stock company. Soon afterwards, the Tatas initiated the country’s first experiment with public-private-partnership model offering the government to subscribe to 49 per cent of the airline’s capital, while the group retaining 25 per cent stake, and rest of shares being given to the public.

Tatas then wanted to transfer the management right to the government and therefore kept two per cent of its shareholding to be offered to the Centre to provide it full control of the airline. After taking control, the government in 1953 nationalised the airline with 100 per cent control with the state.

Before its nationalisation, Air India International was born too, which took the carrier abroad with first flight between Mumbai and London in 1948. Soon, this operation was expanded to few other cities as well.

The nationalisation of the carrier meant that Air India and Air India International were merged into a single state enterprise. But even under state control, J.R.D. Tata continued as its Chairman, a post he held till 1977. In fact, he remained on Air India board till 1986 when Ratan Tata took over to run the airline as its new head.

Under the government, Air India and domestic airline Indian Airline functioned till 2007 when a decision was taken to merge the airline into one entity. Soon after this merger, the airline stated showing signs of stress with losses mounting each passing year.

In June 2017, the government finally approved privatisation of the airline with decision to divest its entire 100 per cent equity.

The total debt of the airline, as of August 31, stands at Rs 61,562 crore while a Tatas subsidiary quoted Rs 18,000 crore enterprise value for it.

Source: IANS

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Deependra Singh Shekhawat, being the son of a farmer, has the background of a middle-class family. He belongs to a small village of Udaipurwati, district Jhunjhunu of Rajasthan. However, his status never deterred him from dreaming. Dreams full of his passion gave him the strength to fight the battles in his life. After graduation, he initially started from a regular job. However, he was not content with his occupation. He sensed stagnancy in his career. Soon, he started thinking and strategizing about business. This thought process led him to join a renewable energy company, Adani Renewable Energy, to learn about business as the next step in his professional journey. From then on, there was no stopping him; he was on a roll. In 2015, he established Vertex Solution Company and became one of the top vendors of Adani Solar Energy. He went the extra mile by working with India’s well-known renewable energy organizations as Avada Sola, Tata Solar, O2 Power, and many more.

Deependra says that his passion for renewable energy spawns from the fact that renewable energy is one of the significant contributors to boosting the country’s economy and generating jobs. He further adds that adopting renewable sources of energy is a healthier option. He claims it is high time we start living peacefully with nature for the sanity of itself and humankind. Additionally, he has provided with job opportunities for the youth of his village Sarai and has become the Youth icon of Rajasthan. Despite belonging to a middle-class family, he left no stones unturned to achieve success and rose from the bottom of the pit to flying like an eagle. From having big dreams to making others’ dreams come true, he has come a long way.

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  • Keyword search: The keyword search function available on job search sites allows users to look for his/her preferred jobs in a single-click just by typing in the job keyword like retail jobs, media, pharmacy job, etc. on the keyword search bar.
  • User-friendly interface: The job site is developed for the key purpose of making job searches easier for its users. A user-friendly interface allows users to browse through job opportunities in his/her preferred areas of life without losing his/her focus in doing the same.
  • Options to filter preferences: The filters available on the job site allow users to filter out their job preferences exactly according to their needs and requirements. You can filter out your job search with your location, salary, job type, and other preferences.
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