Posted By : Jai
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.
Aerospace
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..
For More info Visit Website : http://honeywell.com
Also visit Honeywell India Website : http://www.india.honeywell.com
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