Honeywell Automation India Ltd Share Price

Summary

Honeywell Automation India Limited (HAIL) is a market leader in Electronics-Instrumentation and Process Control Equipment industry. The Companys main products are distributed control systems, building control systems and smart transmitters. The Company is engaged primarily in the business of Automation & Control systems on turnkey basis and otherwise.Honeywell Automation India Limited was incorporated in January, 1984 as Tata Process Controls Private Limited in Maharashtra. The Company became a Public Limited in May, 1987 and the name of the Company was changed to Tata Honeywell Limited and further was changed from Tata Honeywell Limited to Honeywell Automation India Limited on 17 November, 2004. The Company is a subsidiary of HAIL Mauritius Limited, the ultimate holding Company being Honeywell International Inc. USA. Initially, the Company was promoted by Tata Group. Thereafter it was promoted as a 40:40 Joint Venture Company between Tata Group and Honeywell Asia Pacific Inc, USA. In 2004, Tata Group sold its share holding 40.62 per cent in favor of its foreign joint venture partner. Now Honeywell Asia Pacific Inc, holds 81.24 per cent of Equity Shares of the Company.Honeywell has set up an impressive 36,000 square feet state-of-the-art manufacturing, design and engineering facilities in the industrial city of Pune in 1988. It is equipped with system integrated services, testing facilities, systems assembly & staging centre, printed wiring assembly manufacturing facility and
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