Tata Sons and Singapore partnership airline, Vistara, received its flying permit from the directorate general of civil aviation, DGCA, on Monday, allowing it to start operations.
Details about routes, sales and schedules will soon be available, according to a company statement.
Vistara chief executive Phee Teik Yeoh said that the Ministry of Civil Aviation was supportive and gave helpful guidance to the full service airline.
The airline possesses two leased Airbus A-320s, with a third expected to join in March 2015.
Tata Sons owns 51% stake in the partnership with the balance held by Singapore Airlines.
Plans for operation include 87 flights with five Airbus A-320s in the first year of operation and to scale up to 301 flights by the fourth year of operation, reports Businessworld.
Given the issues faced by the industry and the no-frills airlines finding it hard to keep flying, a deep commitment by the partners and the fall in crude prices will benefit the full service airline.
Vistara will be the third full service airlines after Air India and Jet to fly the skies of India.