Honda India Power Products Ltd
NSE: HONDAPOWER BSE: 522064
₹2125.60
(-2.59%)
Tue, 03 Mar 2026, 11:04 am
Market Cap21.62B
PE Ratio29.34
Dividend5.70
Producer Manufacturing
Electrical Products
24.5KCompany History
1985
- The company was incorporated on 19th September.
- The company obtained the certificate of commencement of business on 10 October.
- The company was promoted jointly by Shriram Refrigeration Industries, Ltd. and Honda Motor Company Ltd, Japan.
1987
- 70 shares were subscribed for by the signatories to the Memorandum of Association.
- 74,99,930 No. of equity shares were issued at par.
- The balance shares were offered for public subscription during August-September 1987.
1988
- The company introduced two new models of generating sets.
1990
- The company introduced 'General Purpose Engines' used in the construction industry and agricultural sectors.
1991
- The company launched water pumping sets based on Honda design and another model of genset based on kerosene fuel.
1992
- The company launched Kerosene run small genset.
1993
- 26,44,000 No. of equity shares were issued at a premium of Rs 15 per share.
1994
- 231 shares kept in abeyance were allotted.
1996
- The company proposed to add newer models of engines and water pumping sets to its range.
- The capacity was enhanced further to 1,25,000 units p.a.
1997
- The company focused on engines and water pumping sets and introduced new models in 15 HP range.
- In-house manufacture of Camshaft and Connecting rods required for gensets, GP engines, and water pumping sets were commissioned.
- The company entered into a technical collaboration agreement with Honda Motor Co., Ltd., Japan.
1998
- The name of the company was changed from Shriram Honda Power Equipment Ltd. to Honda Siel Power Products Ltd.
- The company displayed its range of innovative agricultural products at the Agro Tech '98 in Chandigarh.
- The company was conferred the Analyst Awards by The Institute of Chartered Financial Analysts of India (ICFAI).
1999
- The company was set to launch an entire range of new power products in India from Honda's stable in Japan.
- The company launched 5.5 KVA Honda Power Rangers with self-starters and noiseless operation.
2000
- Honda Siel bagged the India Sales Satisfaction Index 2000 award.
2002
- Mr. Mantosh Sondhi, Director of the company, expired.
2003
- The company launched 'Honda-Gen X', a range of silent and technologically superior gensets.
- Bharat Petroleum Corp Ltd formed a strategic pact with Honda Siel to help launch gensets and geysers.
2004
- Corporation Bank signed a memorandum of agreement with Honda Siel Power Products Ltd to provide easy loans for purchasing Honda power generators.
2008
- Mr. R S Bidesi was re-appointed as Vice President and Whole-Time Director.
- The company recommended a dividend at 40%.
2009
- Mr. R S Bidesi was re-appointed as Vice-President and Whole-Time Director.
- The company recommended a dividend of Rs. 4 per equity share.
2010
- Mr. Takashi Hamasaki was appointed as President and CEO of the company.
- Mr. Masato Saito was appointed as Director.
- The company recommended a dividend of Rs. 4 per equity share.
- The registered office of the company was shifted to 3&4 / 48, 2nd Floor, Enkay House, Malcha Marg Shopping Complex, Chanakyapuri, New Delhi.
2011
- The company recommended a dividend of Rs. 7.50 per equity share.
- Mr. Seiichi Yotsumoto was appointed as Vice President and Whole Time Director.
2012
- Mr. H. Kanayama was appointed as Director.
- Mr. Vinay Mittal was appointed as Vice President and Whole Time Director.
- The company recommended a dividend of Rs. 9 per equity share.
2013
- The company recommended a dividend of Rs. 4 per equity share.
- The registered office of the company was changed to 409, DLF Tower B, Jasola Commercial Complex, New Delhi.
2014
- The company recommended a dividend of Rs. 4 per equity share.
- Mr. Ravi Prakash Mehrotra was appointed as Director.
- Mr. Manoj Arora was appointed as Director of the company.
2020
- The company name was changed from Honda Siel Power Products Ltd. to Honda India Power Products Ltd.
2024
- Honda India Power Products launched a new 4-inch portable petrol run water pump to optimize irrigation for water-intensive crops.
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