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by Saurabh 16 Oct 2006, 23:11
Honeywell Technology Solutions Lab

The shared corporate resource providing value to Honeywell's businesses through world-class software product development and support, research and technology development, digitizing support and consultation.


The World's Most Admired Aerospace Company - a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military...

Automation & Control Systems

The world's largest producer of smoke detectors and a leadership position in the Indian automation and control industry.

The Tata group is exiting its 15-year-old joint venture, Tata Honeywell, by selling its 40.62 per cent stake (35.91 lakh shares) to the US-based Honeywell for Rs 126 crore. The two sides hold an equal stake with the balance 18.76 per cent held by financial institutions and public.

In India, Honeywell also has a R&D software centre in Bangalore. Its other subsidiary, Honeywell India based in Gurgaon, operates in aerospace and transportation space. The buyout maybe a precursor to the consolidation of Honeywell operations in India. Tata Honeywell registered a 27 per cent growth in turnover to Rs 342.4 crore for 2003-04 compared with Rs 26.91 crore in fiscal 2002-03. During the same period, the company's net profit increased 51 per cent to Rs 25.3 crore compared with Rs 16.8 crore for the year ending March 31, 2003.