Banmali Agarwal appointed Chairman of Tata Advanced Systems

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Banmali Agarwal has been appointed as the new Chairman of Tata Advanced Systems Limited (TASL).

An Overview of the News

• He will replace Vijay Singh, who has retired.

• This leadership change is part of the Tata Group's commitment to strengthen its presence in the aerospace and defense sector.

Background of Banmali Agarwal:

• Banamali Agarwal is a key figure within the Tata Group.

• He also serves as a senior advisor to Tata Sons and holds the position of Chairman at Tata Electronics.

Contribution of Vijay Singh:

• Vijay Singh, the outgoing Chairman of TASL, has also been the Vice Chairman of Tata Trust.

• During his tenure, TASL witnessed significant developments and strategic initiatives aimed at enhancing the Tata Group's presence in the aerospace and defense sector.

Role of TASL within the Tata Group:

• TASL serves as the strategic aerospace and defense arm of Tata Sons, the parent company of the Tata Group.

• It plays a vital role in both operational and operational tasks related to defense efforts within the group.

Integration of Defense Institutions:

• In 2018, Tata Sons took the initiative to integrate various group entities into a single defense sector.

• The move brings together companies like Tata Power SED, TAL Manufacturing, Tata Advanced Materials and the defense division of Tata Motors under TASL.

Government approves Airbus deal:

• Government of India approves ₹21,000 crore deal between TASL and Airbus.

• Under this agreement, Airbus will deliver 16 aircraft in fly-away condition within four years, while TASL will manufacture and assemble the remaining 40 aircraft at its newly established facility in Vadodara.