Honeywell Automation India Share Price Live

History

Honeywell Automation India Ltd (HAIL) is prominent in the Electronics-Instrumentation and Process Control Equipment industry, offering integrated automation and software solutions for enhanced productivity, comfort, safety, and security in residential and commercial spaces.

Honeywell Automation was established as Tata Process Controls Private Ltd in January 1984. The company became a public limited entity in May 1987, initially under Tata Group’s promotion. Later, it transitioned into a 40:40 Joint Venture Company with Honeywell Asia Pacific Inc. USA.

In 1998, the company was listed on the Bombay Stock Exchange. In 2004, Tata Group divested its 40.62% shareholding in favour of Honeywell Asia Pacific Inc., which now holds 81.24% of equity shares.

HAIL has operated cutting-edge manufacturing, design, and engineering facilities in Pune since 1988, featuring state-of-the-art amenities such as system integrated services, testing facilities, a systems assembly and staging centre, a printed wiring assembly manufacturing facility, and a smart technology centre. The company expanded its Software Technology Park (STP) operations to Chennai in 1998-99.

After achieving the ISO 9001 certificate in 1993-94, HAIL became the first and only company in India in the Industrial Automation and Control sector to receive this prestigious certification. Over the years, the company diversified its operations, established a new Electronic Hardware Technology Park (EHTP), and launched Honeywell Security Group (HSG) in 2005, offering electronic security products and systems.

In 2019, Honeywell Asia Pacific Inc. (HAPI) was merged into HAIL Mauritius Limited, leading to a change in the immediate promoter and an inter-se transfer of equity shares from HAPI to HAIL Mauritius. The company continues to evolve, focusing on innovation, quality services, and expansion initiatives.

As of March 2023, Honeywell Automation India Limited is a prominent company with a market value exceeding $350 million. With a robust product portfolio in environmental and combustion controls and sensing and control, HAIL also offers engineering services in automation and control to a global clientele.

The company, boasting over 3,000 employees, maintains a significant presence in key Indian cities, including Pune, Bangalore, Hyderabad, Mumbai, Chennai, Gurgaon, Kolkata, Jamshedpur, and Vadodara.

Business Segments

Honeywell Automation India Limited operates in four primary business segments:

1. Building Technologies: This segment provides a wide range of products, software, and services that improve the efficiency, comfort, and safety of buildings. These solutions include heating, ventilation, and air conditioning (HVAC) controls, fire and security systems, access control systems, and building management systems.
2. Performance Materials and Technologies: This segment develops and produces a variety of high-performance materials and technologies for a wide range of applications. These products include advanced polymers, fluorinated materials, catalysts, and speciality chemicals.
3. Productivity and Security Solutions: This segment provides solutions that improve productivity and security for businesses and organisations. These solutions include barcode scanning and data collection systems, printing and labelling solutions, and warehouse management systems.
4. Home and Building Technologies: This segment provides a range of products and services that enhance the comfort, convenience, and safety of homes and buildings. These solutions include thermostats, air purifiers, water treatment, and security systems.

Key Personnel 

Mr Aashish Gaikwad, Managing Director 

Mr. Ashish Gaikwad is the Managing Director of Honeywell Automation India Limited (HAIL), a subsidiary of Honeywell International Inc. He has been with Honeywell for over 20 years, holding various leadership positions across the company’s global operations.

Under Mr. Gaikwad’s leadership, HAIL has achieved significant growth and success in the Indian market. He has spearheaded the company’s expansion into new business segments and has driven innovation and technological advancements. He is a respected industry leader recognised for his strategic thinking, leadership skills, and commitment to excellence.

Mr. Gaikwad is a passionate advocate for sustainability and is committed to using technology to address environmental challenges. He is also a strong supporter of education and skill development and actively promotes STEM education in India.

Management Outlook 

• Recognising the evolving business landscape, especially with the country’s gas network expansion, emphasis on sustainability goals, and the increasing use of digital solutions, Honeywell Automation is poised to capitalise on these changes. The company is excited about the prospects these shifts bring to its business.

• In addition to its core markets, Honeywell Automation Limited is strategically positioned to drive growth in emerging areas such as pharmaceuticals, speciality chemicals, and cybersecurity. The company is also actively expanding its reach to serve the renewable energy market with innovative solutions, aligning with the growing trend among corporates to be carbon-neutral and environmentally compliant.

• To facilitate growth in various sectors and industries, the company is committed to expanding its local engineering capabilities. By doing so, Honeywell Automation Limited aims to proactively address the changing needs of its clients, providing tailored solutions in line with industry shifts towards sustainability, digitisation, and energy security.