The Government of India passed the Air Corporations Act in the year 1953 and purchased a majority stake in the carrier from Tata Sons and its founder J. R. D. Tata was chosen to continue as Chairman till 1977.
source https://www.caclubindia.com/articles/story-of-air-indias-flight-of-full-circle-46045.asp
source https://www.caclubindia.com/articles/story-of-air-indias-flight-of-full-circle-46045.asp
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