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Formation of The AI-171 Memorial and Welfare Trust

Newsmantra — Mon, 21 Jul 2025 08:18:08 +0000

Bengaluru, July 18, 2025: Tata Sons today formalized and completed the registration of a public charitable trust in Mumbai. The Trust will be called ‘The AI-171 Memorial and Welfare Trust’, dedicated to the victims of the unfortunate accident of Air India flight AI-171 in Ahmedabad.

The Trust will provide both immediate and continuing support to the dependents/next-of-kin of the deceased, to those who were injured, and to all others who are directly or collaterally affected by the accident. The Trust will also provide aid and assistance for alleviation of any trauma or distress suffered by the first responders, medical and disaster relief professionals, social workers and governmental staff who provided invaluable institutional support and service in the aftermath of the accident.

Tata Sons and Tata Trusts have together pledged to contribute Rs. 500 crores (with both committing Rs. 250 crores each) for the Trust’s philanthropic objects, which will include ex-gratia payment of Rs. 1 crore for those deceased, medical treatment of those who suffered serious injuries, and support for rebuilding the B.J. Medical College Hostel infrastructure which was damaged in the accident.

The Trust will be managed and administered by a 5-member Board of Trustees. The initial two trustees appointed to the Board are: Mr. S. Padmanabhan, a former Tata veteran and Mr. Sidharth Sharma, Tata Sons’ General Counsel. Additional trustees will be appointed shortly.

The Trust will be funded and will commence its work in all earnestness after necessary registration with the Tax authorities and other operational formalities, currently underway, are completed.

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TATA SONS AND SINGAPORE AIRLINES CELEBRATE PARTNERSHIP AT CEREMONY TO MARK MERGER OF AIR INDIA AND VISTARA

Newsmantra — Tue, 19 Nov 2024 13:37:43 +0000

Bengaluru, India, November 19, 2024: Tata Sons (Tata) and Singapore Airlines (SIA) today celebrated the successful merger of Air India and Vistara at a symbolic ceremony held at the Taj Mahal Hotel in New Delhi, heralding a new era in their deep and long standing partnership.

Marking the dawn of a new chapter for the Indian aviation industry were Mr Natarajan Chandrasekaran, Chairman of Tata Sons, and Mr Goh Choon Phong, Chief Executive Officer of Singapore Airlines, as well as senior management and employees from Tata, SIA, Air India, and Vistara.

Consolidating the four airlines within the Air India Group to one full service and one low-cost airline is part of the ongoing, five-year Vihaan.AI transformation programme. This creates an Air India Group with a significant presence across all key segments of the Indian market – domestic, international, full-service, and low-cost operations. This will help to enhance the Group’s operational capabilities, expand its customer base, and gradually elevate service standards, product excellence, and the customer experience.

Post-merger, the Air India Group operates a combined fleet of 300 aircraft covering 55 domestic and 48 international destinations, with 312 routes and 8,300 flights per week. The airline will offer extended worldwide connectivity to over 800 destinations through more than 75 codeshare and interline partners. The collective staff strength stands at over 30,000.

Mr Natarajan Chandrasekaran, Chairman, Tata Sons, said: “It has been a little over two and a half years since the homecoming of Air India to the Tata Group. This week’s merger between Air India and Vistara is an important milestone in our commitment to transform Air India into a world-class global airline. Singapore Airlines continues to be our strategic partner in our aviation journey and we welcome them to Air India.”

Mr Goh Choon Phong, Chief Executive Officer, Singapore Airlines, said: “This merger marks a pivotal moment for Indian aviation. Working with our valued, long-standing partner Tata Sons, the SIA Group will support the ongoing transformation of the enlarged Air India Group, offering our stewardship and expertise where possible. We are focused on helping to restore Air India to its leading position in the Indian aviation market, and creating an airline Group that everyone in India can be proud of.

“For the SIA Group, the completion of the merger reinforces our long-standing direct participation in one of the world’s fastest-growing aviation markets. Singapore Airlines is committed to deepening our commercial collaboration with Air India, and finding ways to provide greater value and enhanced options to our customers on flights between India and Singapore, and beyond.”

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RoC May Soon Classify TATA Sons As ‘Public Company’

Newsmantra — Fri, 20 Dec 2019 06:32:15 +0000

The Registrar of Companies (RoC) is studying Wednesday’s judgment by the National Company Law Appellate Tribunal (NCLAT) on the Tata-Mistry dispute, and may soon change Tata Sons’ classification to a ‘public company’ from a ‘private company’.

The NCLAT, in its 172-page order reinstating Cyrus Mistry as executive chairman of Tata Sons, had termed the conversion of Tata Sons into a private company ‘illegal’.

It had said that proper procedures — laid out in Section 14 of the Companies Act, 2013 — were not followed, and the permission of the National Company Law Tribunal had not been taken.Top officials in the corporate affairs ministry — which oversees the RoC — said the requisite documents are being sourced.

Mistry’s legal team is believed to be in touch with RoC officials to ensure the change happens quickly. “We don’t see any reason why the RoC cannot make the change as fast as it did for Tata Sons,” said a member of Mistry’s team.

“The first task for the RoC would be to complete the conversion process and record Tata Sons as a ‘public company’. There is a view to not defy the order as that would amount to contempt,” said an official in the know. He sought anonymity.

“The four-week stay granted by the NCLAT is on Cyrus Mistry assuming the office of executive chairman of Tata Sons. There is no stay on the RoC part of the verdict. So, there is a possibility that Tata Sons may move the Supreme Court against the part of the NCLAT order that termed the change in classification by RoC as illegal. The RoC is closely monitoring the same,” official said.

In September 2017, Tata Sons received shareholder approval to convert itself into a private entity. Mistry, whose family owns 18.4% stake in the Tata Group’s holding company, had opposed the move saying it “would impact fund raising ability of the holding company and restrict the sale of stakes to outsiders”.

Mistry’s lawyers had argued on similar lines before the NCLAT in August this year: “Just after the appeal was filed before this appellate tribunal, in the evening of August 6, 2018, the respondents (Tata Sons) hurriedly moved before the Registrar of Companies (RoC), Mumbai, who passed certificate converting the company as ‘Tata Sons Private Limited’.”

The NCLAT had observed that the RoC had ‘helped’ the respondent, i.e.- Tata Sons. “…The aforesaid action on the part of the company, its board of directors to take action to hurriedly change the company (‘Tata Sons Limited’) from ‘public company’ to a ‘private company’ without following the procedure under law (Section 14), with the help of the Registrar of Companies just before filing of the appeal, suggests that the nominated members of ‘Tata Trusts’ who have affirmative voting rights over the majority decision of the board of directors and other directors/members, acted in a manner ‘prejudicial’ to the members, including minority members (‘Shapoorji Pallonji Group’) and others as also ‘prejudicial’ to the company (‘Tata Sons Limited’),” the order said.

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