The company was incorporated on 22nd July 1988, 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 was valid for a period of 10 years. All detailed parts and assemblies including seats, electrical looming, cable assemblies etc. were manufactured at TAAL’s facilities.

In 1995, 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.

In 1995 2,05,600 No. of equity shares of Rs. 10 each were 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).

In 2003 Indus Aviation, a US based company, has tied up with Taneja Aerospace & Aviation Ltd. (TAAL) to produce light aircraft in India.

Taneja Aerospace signed a contract with Cessna Aircraft Company for two aircrafts – Citation XLS and CJ2 in 2007.

The 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 in 2008

TAAL Technologies Pvt. Ltd has become a Wholly Owned Subsidiary of the Company in 2009.

In December 2003, TAAL was part of the Rs. 1000 crore ISMT Group, TAAL is the first company in the private sector to manufacture general aviation aircraft in India.

TAAL was involved in building up the first three prototypes of the 14 seat, SARAS aircraft for the National Aerospace Laboratories (NAL). TAAL has manufactured the entire airframe of the aircraft (excluding the wings which are manufactured by HAL) including tooling, parts and assembly. The first prototype is now under flight-testing.

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 aircraft. A two-seat all composite (glass fiber) trainer aircraft called the “HANSA”.

TAAL is manufacturing the airframes for the full composite (carbon and glass -wet lay up and room temperature cured) NISHANT, Remote Pilotless Vehicle developed by the Aeronautical Defense Establishment (ADE) and TAAL manufactures all the composite components (Tail cone, Nose cone and air-intake) for the LAKSHYA, Pilotless Target Aircraft (PTA).

TAAL is manufacturing the Elevator and Stabilizer for the Intermediate Jet Trainer (IJT) manufactured by HAL. TAAL also manufactures a variety of aircraft tooling (bakelite), Sheet Metal Parts etc., for the Advanced Light Helicopters (ALH); Light Combat Aircraft (LCA) Light Combat Helicopter (LCH);Sukhoi (SU-30) & MIG Series projects of Hindustan Aeronautics Limited ( HAL).

TAAL is manufacturing Auxiliary Fuel tank, stretcher, Armour Panel and interiors for Advanced Light Helicopters of HAL and also interiors for Defence Service Helicopter, and parts for Jaguar Drop tanks and Incendiary Containers.

TAAL is doing space structures for PSLV and GSLV of Indian Space Research Organization (ISRO).

Manufacture of THORP T211 Two Seater aircraft for Domestic and Export Markets.

In the past TAAL has undertaken certain sub-contract work for the Israel Aircraft Industries (IAI) in India.