TAAL was established in 1994 it was the first private sector company in the country to manufacture general aviation i.e. non-military aircrafts. The Company's vision at that time was to create facility for the development of an aeronautical industry in India, and in particular, to promote affordable general aviation. To kick-off this process, TAAL entered into a collaboration with Partenavia of Italy to manufacture the six-seat twin piston-engine, P68C, aircraft and the eleven-seat twin turbo-prop Viator aircraft.

The company has since diversified its activities and has established a significant presence in many segments of the aviation and aeronautical industries in India.

TAAL is into all aviation related business activities namely, Aircraft & Aerospace Manufacturing and Aviation Infrastructure - Airfield & MRO.