N Chandrasekaran, chairman of Tata Sons, on Friday, said that the company would see how it can consolidate 32 holding companies after the firm announced that it was in the process of consolidating its various businesses across aerospace and defence sectors under a single entity —Tata Aerospace & Defence (Tata A&D).
"We are trying to bring all the companies together for simplicity and Synergies", he said.
On the Air India bid, Chandrasekaran said "We have to see if adding another airline in our business makes sense."
The statement comes after media reports claimed that India's steel-to-autos conglomerate Tata Group, widely seen as a potential suitor for Air India, was unlikely to consider a bid for the state-run carrier as the government's terms are just too onerous.
Chandrasekaran also stated that the company was primarily looking at pairing down Tata Steel's debt.
Tata A&D proposes to leverage its full range of expertise, experience and capabilities from across the Group related to land mobility solutions, aerospace, weapon systems, sensors and command, control, communication, computers and intelligence.
Earlier the company chief had said that the formation of Tata A&D, a single unified entity, will allow the company to better target emerging opportunities in Aerospace and Defence, and engage holistically with customers both in India and globally.