| YEAR EVENTS
1988 - The company was incorporated on 22nd July, for manufacture of
aircraft for civilian use. It was promoted by B. R. Taneja, his
associates and The Indian Seamless Metal Tubes Ltd.
- The company undertook to set up a project for manufacture of P-68
aircrafts with three variant viz. P-68C (twin piston engine, non
pressurised), P-68 C-TC (twin piston engine turbo Charged) and
P-68 Observer (same as P-68 C-TC with forward and downward view
equal to that of a helicopter). It has an empty weight of 1320
Kgs and payload of 764 Kgs, with a capacity to attain a maximum
speed of 322 Kmph, 1550 ft./min rate of climb, landing run of 215
mtrs and an optimum cruising range of 2170 Kms at 12000 ft.
- Land admeasuring 4438 sq. mtrs. was acquired at Denkanikotta
Taluka, Dharmapuri dist. of Tamil Nadu. Main items of plant and
machinery such as jigs and testing facilities were to be imported
from Partenavia SRL Via G. Pascoli, Casoria (Napoli) Italy, and
control tooling from Allied Signals Pennsylvania, USA. The
company would get part of aircraft to be assembled in India.
- The company entered into two agreements with Partenavia
Construzioni Aeronutliche S.R.L. Italy for manufacture and sale
in India P-68 and Viator aircraft. The agreement is valid for a
period of 10 years.
- Also entered into another agreement with National Aeronautical
Laboratory, Bangalore as a risk sharing partner for joint
development and commercial production of NAL's indigenous
composite material two seater light trainer air craft.
1995 - The dependence on supplies from the collaborator, the company has
taken necessary premission to indigenise the components.
- In addition to having been appointed as Authorised representative
of Cessna's business jet line of aircraft, the company also
expected to be appointed a the ASR for Cessnas Caravan Aircraft.
- During the year, as a part of its diversification programme the
company undertook to set up repairs and maintenance facilities
for Cessna aircraft and was also exploring the posibility of
expanding the flying academy facilities with the objective of
making it an academy of international repute.
- 2,05,600 No. of equity shares of Rs. 10 each issued, subscribed
and paid up. 112,94,400 No. of equity shares of Rs. 10 each then
issued at par of which 62,94,500 shares were reserved for
allotment on a firm basis to promoter company, promoters,
directors etc. Of the balance, the following were reserved for
allotment on a preferential basis to the following:
- (i) 1,50,000 shares to Indian working directors/workers of the
company and promoting company (only 1,23,400 shares taken up).
- (ii) 5,00,000 to shareholders of promoter company.
- Balance 43,50,000 shares along with 26,600 shares not taken up by
employees were issued to the public (all were taken up).
2000
-The Company is setting up a software division to address the software needs of the sector, leveraging its its domain knowlege with its Bangalore location.
2003
-Indus Aviation, a US based company, has tied up with Taneja Aerospace & Aviation Ltd. (TAAL) to produce light aircraft in India.
2007
-Taneja Aerospace signs contract with Cessna Aircraft Company for two aircrafts - Citation XLS and CJ2.
-Taneja Aerospace signs MOU with PSU engineering major BEML
-The company has created E-mail ID for Investor Complaints: "secretarial@taal.co.in"
2008
-Registered Office of the Company has been shifted From Lunkad Towers, Viman
Nagar, Pune - 4110114 To Belagondapalli Village, Thally Road, Denkanikotta Taluk, Krishnagiri District, Belagondapalli - 635114, Tamil Nadu.
-Taneja Aerospace enters into MRO Facility Agreement with AWACS
2009 -TAAL Technologies Pvt. Ltd has become a Wholly Owned Subsidiary of the Company.
2011 - Taneja Aerospace & Aviation Ltd. has appointed Mr. Nilesh Jain as Company Secretary & Compliance Officer of the Company.
2015 -Scheme of Arrangement between Taneja Aerospace and Aviation Limited and TAAL Enterprises Limited.
2024 -Amalgamation of Katra Auto Engineering Pvt Ltd with Taneja Aerospace and Aviation Ltd under Sec. 230 to 232 has been approved by the Board and Audit Committee.
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