Finance outlook india logo
Home News Exclusive Expert's Viewpoint Corporate Startup Fintech Personal Magazine About Us Budget'26 Budget'24
  • Budget'25 Budget'24
    • Home
    • News
    Tata Announces Rs 1 Cr Compensation for Air India Crash Victims Families

    Tata Announces Rs 1 Cr Compensation for Air India Crash Victims' Families


    Finance Outlook India Team | Friday, 13 June 2025

    Key Highlights

    • Tata Group pledges ₹1 crore compensation to each victim’s family and covers all injured medical costs.
    • N Chandrasekaran commits to rebuilding damaged BJ Medical College hostel alongside financial and medical relief efforts. 

    N. Chandrasekaran, Chairman of Tata Sons, announced that the Tata Group will provide ₹1 crore to the families of each person who died in the air crash. In a recent statement, Chandrasekaran stated that the group will cover the medical expenses of those injured in the crash.

    On June 12, at 1:39 p.m., Air India flight AI-171 from Ahmedabad to London crashed immediately after takeoff.

    "Tata Group will provide ₹1 crore to the families of each person who died in the tragedy. We will also pay for those injured's medical bills and provide them with all necessary care and support. In addition, we will provide assistance in the construction of the B J Medical hostel." Chandrasekaran said, "We are unwavering in our support of the impacted families and communities during this unthinkable time."

    "The tragic events involving Air India Flight 171 have deeply saddened us. At this moment, words cannot adequately convey our sorrow."The families who have lost loved ones and the injured are in our thoughts and prayers," he continued.

    Also Read: Air India Crash Near Ahmedabad: Flight Accident Insurance Coverage

    Campbell Wilson, the CEO of Air India, had earlier issued a video statement. "I want to convey how deeply we are saddened by this incident. All of us at Air India are having a tough day, and we are now concentrating only on meeting the needs of our passengers, crew, their families, and loved ones," Wilson said.

    Twelve crew members and 230 passengers were on the doomed flight. The flight carried 169 Indians, 53 British, seven Portuguese, and one Canadian national.

    Wilson did not reveal the number of casualties. "Local authorities have taken injured passengers to the nearest hospitals. We are actively collaborating with the authorities on all emergency response efforts," Wilson stated.



    Read More:

    Bajaj Broking Rides T20 Buzz with ‘Seedhi Simple Investing’ Campaign

    OnMobile Posts Q3 FY26 Results & Appointment of Manoranjan Mohapatra

    KNOWLEDGE DECK

    Most Viewed

    • The Economic Impact of India-Pakistan War: A Detailed Analysis

    • Why Financial Literacy Matters More Than Ever for Today's Youth

    • Prominent Financial Advisors in India to Partner With

    • Rags to Riches: The Top 6 Indian Entrepreneurs' Motivational Tales of Success

    • Navigating Financial Disruption With Future Proof Financial Service Deliverability

    • India's Rs 31 Lakh Cr Green Push: Building the Foundation of a Net-Zero Future

    • Wakhariya & Wakhariya: Facilitating International Legal Processes across Diverse Domains

    • Aligning Financial Strategies with Sustainable Business Goals

    • The Top 5 Highest-paid Actors in India - 2024

    • Central Government Proposes Tax on Agricultural Water Usage

    • Carpediem Capital Invests INR 100 Crore, CorporatEdge to Deploy INR 350 Crore in the next 3 Years

    • EPFO Registers All-Time High Member Addition of 20.06 Lakh in May 2025

    • Unearthing Intricacies of Today and Beyond in the Indian Insurance Sector

    • Expected Correction in Housing Prices to Revive Sales in Coming Quarters

    • How to Choose the Right Mutual Fund for your Financial Goals?

    • Future of Corporate Finance: Emerging Trends in Treasury Solutions and Cash Management for MNCs

    • ElasticRun Announces FY24 Financial Results: Key Details

    • Financial Inclusion in Viksit Bharat

    • Abans Financial Services Advises Vaishali Pharma on Strategic Acquisition of Kesar Pharma






    🍪 Do you like Cookies?

    We use cookies to ensure you get the best experience on our website. Read more...

    Copyright © 2026 Finance Outlook India. All rights reserved.   Privacy Policy Terms of Use Blogs Conferences Subscribe WRAPUP’25