Honeywell Automation India Ltd
NSE: HONAUT BSE: 517174
₹29810
+740.00 (2.55%)
Fri, 06 Nov 2026, 09:37 pm
Market Cap (in Cr)25720.34
PE Ratio46.62
Dividend0.38
Electronic Technology
Electronic Equipment/Instruments
24.5KHoneywell Automation India Ltd Company History
1984
- Incorporated on 13 January as Tata Process Control Pvt. Ltd.
1987
- Entered technical collaboration with Honeywell Inc. on 17 March for TDC-3000 technology.
- Granted exclusive license to manufacture TDC-3000 systems in India.
1988
- Converted to public limited company on 20 June; name changed to Tata Honeywell Ltd.
- Promoted jointly by Tata Industries Ltd. and Honeywell Inc., USA.
- Undertook project to manufacture TDC-3000 Distributed Control Systems.
- Allotted 1,995,000 shares to promoters/directors, 1,995,000 to Honeywell, 250,000 preferential to employees, and 760,000 to public.
1989
- Launched Series 9000 systems and 620 LCS programmable controllers.
1990
- Executed important TDC-3000 projects.
- Introduced Series 9000 and LCS-620 Series PLCs.
1991
- Introduced Honeywell Process Manager.
- Commenced marketing smart transmitters.
- Established printed wire assembly manufacturing facility.
- Launched building automation systems.
1992
- Commissioned complex integrated system for TISCO blast furnace G plant.
- Awarded and executed orders for TDC-3000 systems in refinery, petrochemicals, steel, power, and pharmaceutical sectors.
1993
- Introduced Automotion Platform Total Plant.
- Marketed Building Automation Control systems for air-conditioning, fire detection, and security.
- Commissioned systems for Tata Chemicals cement plant, IOCL Hydrocracker, and United Carbon Black Plant.
- Allotted 2,000,000 rights shares in April at premium Rs. 25 (prop. 2:5); 80,000 shares offered to employees (79,700 taken).
1994
- Industrial Control Systems accounted for 80% of revenue.
- Delivered 28 and commissioned 21 medium/large TDC-3000 systems.
- Awarded ISO 9001 certification, first in India for industrial automation and control.
- Won Honeywell Asia Pacific Regional Profitable Growth Award for third time.
1995
- Established Smart Transmitter Configuration Centre for Honeywell S900 Series.
1996
- Established SCAN 3000 platform for small and medium applications.
- Allotted 1,761,997 equity shares of Rs. 10 at premium of Rs. 60 on rights basis.
1997
- Introduced process analyzers following Honeywell's acquisition of Leeds and Northrup Analyzer Division.
1998
- HPCL awarded turnkey contract for off-site automation at Mahul refinery.
- HPL signed MoU requiring lumpsum turnkey contractors to procure DCS and smart transmitters from company.
1999
- Took over distribution rights from Honeywell India for industrial automation systems business.
- Planned expansion into oil, gas, and new power plants.
- Selected as best affiliate/joint venture of 1998.
- Honeywell-Allied Signal merger anticipated to create new opportunities.
2000
- Signed MoU and formed 50:50 JV with Group4 Securitas, creating Central Monitoring Services Pvt. Ltd.
- Launched Total Security Solutions and electronic security solutions.
- Hi-spec Solutions India entered agreement with PSDI for enterprise asset management solutions.
2002
- Indian Oil Corporation tied up with Honeywell for 'Manthan' IT re-engineering project.
2003
- Received largest overseas order worth $1.8 million from Gaap Insat Turkey for paper machine automation, plus $1 million add-ons.
2004
- Entered agreement with Gensym to sell automation solutions.
2005
- Name changed to Honeywell Automation India Limited; trading symbol changed to HONAUT effective March 24.
- Introduced Experion Process Knowledge System PKS R300.
2007
- Appointed Jack Bolick as Chairman.
2008
- Honeywell Safety Manager attained Factory Mutual certification.
- Received Frost & Sullivan Brand Leadership and Product Leadership Awards in Indian DCS industry.
- Introduced Advanced Energy Solutions for industrial power generators.
2009
- Expanded Energy Efficiency Portfolio.
2011
- Recognized with two international safety awards.
- Launched remote collaboration, optimization, and operations solution.
- Chosen by Krakatau Steel to improve energy efficiency.
- Supplied control and safety systems for RWE Dea North Sea platforms.
- Enhanced STT 250 smart temperature transmitter portfolio.
2012
- Board recommended dividend of Rs. 10 per share.
2013
- Setting up industrial unit for solar water heaters at Gujarat Savli GIDC.
- Board recommended dividend of Rs. 10 per share.
2014
- Established new manufacturing facility at Phulgaon.
- Board recommended dividend of Rs. 10 per share.
2017
- Recommended dividend of Rs. 10 per equity share.
2018
- HAIL won Golden Peacock Award for Corporate Ethics.
2019
- Established Robotics Innovation Hub for distribution centers.
- Partnered with Bluefletch for Android mobile device migration.
- With NRStor C&I, launched largest behind-the-meter battery energy storage program.
- Launched Independent Software Vendor Partner Program.
- Partnered with VMware for integrated Digital Workspace Platform.
- Launched online store for business-critical software.
2020
- Launched world's smallest satellite communications technology for UAVs.
- Launched products to improve air quality in commercial buildings.
- Introduced next-generation catalyst for 'smell in cabin' events.
- Began production of N95 face masks.
- Launched innovative cooling technology for electronics and data centers.
2021
- Building Technologies launched next-generation digital tools.
- Launched E-Mon Class 6000 smart monitoring energy meters.
- Expanded ultraviolet treatment product line to transportation segments.
- Introduced automated methane monitoring solution in Europe.
- Received Product Design Awards.
- With SAP, launched Connected Buildings Solution.
2022
- Partnered with Navin Fluorine International.
- Provides visibility and control for carbon neutral buildings.
- Honeywell Forge recognized by SIIA CODIE as Best Overall Business Solution.
- Launched integrated aspirating smoke detection and indoor air quality monitoring system.
- Began production of near-zero global-warming-potential medical propellant.
2024
- Commissioned Battery Energy Storage System for Lakshadweep Islands.
- Signed long-term agreement with Air India for APU aftermarket support.
- United with PwC India for client digitalization.
- Established new Airfield Ground Light manufacturing facility in India.
- Committed 150 Crores to environmental sustainability initiatives in India.
