Air India Limited is a wholly owned subsidiary of the Tata Group. On the anniversary of the airline's founder J. R. D. Tata's birth, its new headquarters at Vatika One On One in Gurugram[4] was inaugurated. The new headquarters space will be home to all TATA Group airlines. It was headquartered at the Airlines House in New Delhi[5] prior to TATA's takeover.
Air India Limited was privatized through its sale to the Tata Group. On 8 October 2021 Tata Sons paid ₹180 billion (US$2.2 billion) to Government of India and Tata will also assume ₹153 billion (US$1.8 billion) of Air India Limited's debt as per the transfer deal.[8][9] The remaining ₹462.62 billion (US$5.5 billion) of Air India Limited's debt was also transferred to AIAHL.[10][11]
The Tata Group requested approval from the CCI to merge AirAsia India with Air India Limited in April 2022,[12] which was granted on 14 June 2022.[13]
On 15 April 2022, Alliance Air was no longer a subsidiary of Air India Limited. Alliance Air is now the only airline under the control of the Government of India.[14]
Upon completion of the remaining stake sale in AIX Connect (formerly AirAsia India) by AirAsia Bhd on 2 November 2022, there is now one primary airline, Air India, with two divisions (AirAsia India and Air India Express) carriers providing low-cost point-to-point services. The merger between AirAsia India and Air India Express, is set to be completed by the end of 2023.
On 29 November 2022, Tata Group and Singapore Airlines announced that Vistara will be merged with Air India Limited by March 2024. Singapore Airlines will hold 25.1% of the merged entity.