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Honeywell Automation India Ltd. Company History and Annual Growth Details

YEAR EVENTS
1984 - The Company was incorporated on 13th January, as a private
limited company under the name of Tata Process Control Pvt. Ltd.

1987 - The Company entered into a technical collaboration agreement with
Honeywell Inc., on 17th March for state-of-the-art technology for
Honeywell's process control and management systems, under the
trade name TDC-3000 and/or Digitronic Single Strategy Controller.

- Honeywell had also granted exclusive right and licence to Tata
Honeywell to manufacture TCD-3000 systems in India.

1988 - It was converted into a public limited company on 20th June, and
the name was changed to Tata Honeywell Ltd. The Company was
promoted jointly by Tata Industries Ltd., and Honeywell Inc.,
U.S.A.

- The Company undertook to set up a project for the manufacture of
Honeywell's TDC-3000 Distribute Control Systems in India, a
leading process control system involving advance digital
technologies.

- Allotted 19,95,000 shares to promoters, directors, etc. and
19,95,000 shares to Honeywell Inc., U.S.A. at par. 2,50,000
shares reserved and allotted on a preferential basis to
employees, etc. of the company and those of promoter companies.
7,60,000 shares offered at par to the public in November.

1989 - Series 9000 systems were launched to meet the requirements of
small control applications and the 620 LCS programmable
controllers.

1990 - Several important projects for TDC-3000 systems were executed and
new systems such as series 9000 and LCS-620 Series PLCS for the
smaller market were introduced.

1991 - Honeywell's latest state-of-the-art "Process Manager" was
introduced and the Company commenced marketing of smart
transmitters in India which find application in chemical
fertiliser and other process industries.

- As a step towards indigenisation, a printed wire assembly
manufacturing facility was established for the manufacture of
high volume PWAS of two products lines.

- During the year, building automation systems were launched in
India.

1992 - The Company Commissioned during the year a complex integrated
system for the TISCO blast furnace `G' plant.

- In April 1993, 20,00,000 Rights shares allotted (prem. Rs 25 per
share prop. 2:5). Another 80,000 shares offered to employees,
etc. (prem. Rs 25 per share) (only 79,700 shares taken up).

- During the year, the Company was awarded and executed several
important orders for TDC-3000 systems in the refinery,
petrochemicals, steel, power and pharmaceutical sectors.

1993 - Honeywell's new generation Automotion Platform "Total Plant" was
introduced and the company marketed Building Automotion Control
systems for Air-Conditioning, Fire Detection and security
applications.

- The Company successfully commissioned the systems for Tata
chemicals cement plant, Indian Oil Corporations Hydrocracker
Atomospheric Unit I and United Carbon's Carbon Black Plant.

1994 - The Industrial Control Systems is the largest segment of the
company's business, accounting for 80% of its revenue.

- The Company delivered 28 and commissioned 21 medium/large
TDC-3000 systems during the year.

- During the year the Company was awarded the prestigious ISO 9001
certificate which is the key to the TQM.

- The Company is the first and only company in India in the field
of Industrial Automation and Control to be awarded this
certification.

- For the third time in a row, the Company has won the Honeywell
Asia Pacific Regional "Profitable Growth" Award.

1995 - During the year Company successfully set up the Smart Transmitter
Configuration Centre for local manufacture of Honeywell S 900
Series Smart Transmitters.

1996 - The Company established a new platform-SCAN 3000 for small and
medium applications.

- 17,61,997 No. of equity shares of Rs 10 each at a prem. of Rs 60
per share allotted on rights basis.

1997 - The Company enhanced its product portfolio by introducing process
analyzer as a result of Honeywell's acquisition of Leeds and
Northrop Analyzer Division.

1998 - HPCL awarded Tata Honeywell a turnkey contract for off-site
automation of their oil movement & storage systems at their
Mahul refinery.

- HPL has signed an MoU with Tata Honeywell under which all lumpsum
turnkey contractors of HPL will procure their distribution
control systems and smart transmitters from Tata Honeywell.

1999 - THL, a joint venture between Tata Industries and the US-based
Honeywell Corp, has taken over distribution rights from
Honeywell India for the systems business in its industrial
automation segment from January 1999.

- Tata Honeywell, a joint venture between Tata Industries and
Honeywell of the US, plans to expand its industrial automation
and control business to the oil and gas industry and to new power
plants being set-up in the country.

- THL was selected as the best affiliate/joint venture of 1998 for
demonstrating the best overall business performanace.

- The merger of Honeywell Inc and Allied Signal internationally
could signal additional new business opportunities for Tata
Honeywell, the joint venture between Honeywell and Tata
Industries.

- The merger agreement between Honeywell and Allied Signal would
lead to a global technology company with revenues of $ 25
billions.

2000 - Tata Honeywell signed a memorandum of understanding with Group4
Securities to form a joint venture company to address the
emerging need for Central Monitoring & Response Services for
electronic security solutions.

- The Company launched electronic security solutions in Bangalore.

- Tata Honeywell has entered into a 50:50 equity joint venture with
the International security firm Group 4 Securitas to provide
central monitoring and quick security response services using
electronic security solutions to residents of India's major
cities.

- The Company is all set to expand its presence in electronic
security solution segment with its new range of surveillance
systems.

- Tata Honeywell Ltd. a joint venture between Tata Industries and
the US-based Honeywell, launched its "Total Security Solutions"
consisting of sensors, control panels, signalling devices, panic
switches and auto dialers.

- Tata Honeywell's Hi-spec Solutions India entered into an agreement
with US-based PSDI for offering the latter's "enterprise asset management
solutions" process and manufacturing sector in the Indian subcontinent.

- Tata Honeywell's Hi-spec solutions ndia entered into an agreement with
US-based PSDI for offering the Latter's "enterprise asset management
solutions" to the process and manufacturing sector in the Indian sucontinent.

- Tata Honeywell Ltd. and Group4 Securitas Guarding Ltd. have entered into
a 50:50 joint venture to form a new company called central Monitoring Services
Pvt. Ltd.

- Tata Honeywell Ltd. the Industrial Security and Automation Company, has entered
the home and small commercial establishments security market with the launch of
its Total Security Solutions.

2002

-Indian Oil Corporation ties up with Honeywell for its information technology re-engineering project 'Manthan'.

2003

-Receives largest overseas order for automation of paper machine from Gaap insat Turkey valued at 1.8million USD with additional add on orders worth 1 million.

2004

-Tata Honeywell enters agreement with Gensym to sell automation solutions

2005
-Members of are hereby informed that the name of Tata Honeywell Limited shall be changed to Honeywell Automation India Limited and the trading symbol of the company be changed from TATAHONEY to HONAUT w.e.f. March 24, 2005

-Honeywell Automation India introduces Experion Process Knowledge System (PKS) R300 which features an innovative redesign of its automation and control platform hardware.

2007

-Honeywell Automation India Ltd has appointed Mr. Jack Bolick as the new Chairman of the Company.

2008

- Honeywell Safety Manager Attains Certification From Factory Mutual.

- Honeywell Automation India Limited receives the Frost & Sullivan Brand Leadership and the Product Leadership Awards in the Indian DCS Industry.

- Honeywell Introduces Advanced Energy Solutions For Industrial Power Generators.

2009

- Honeywell expands their Energy Efficiency Portfolio.

2011

- Honeywell Recognised For Dedication To Workplace Health And Safety With Two International Safety Awards.

- Honeywell Launches New Remote Collaboration, Optimization And Operations Solution.

- Honeywell Chosen By Krakatau Steel To Improve Energy Efficiency And Reduce Costs.

- Honeywell Supplies Control And Safety Systems For Rwe DeaÂS New North Sea Platforms.

- Honeywell Boosts Smart Temperature Transmitter Portfolio With Enhancements To Stt 250 Line.

2012

- The Board of Directors of the Company at its meeting held on February 09, 2012, inter alia, has recommended dividend of Rs. 10 per share.

2013
-Honeywell Automation India Ltd is setting up an Industrial Unit for manufacture of Solar Water Heaters and other products at Gujarat Savli GIDC.
- Board has recommended dividend of Rs. 10 per share.

2014
-Honeywell Automation - New manufacturing facility at Phulgaon
-Board has recommended dividend of Rs. 10 per share.

2017
-Honeywell Automation India has recommended a dividend of Rs.10/- (ten) per Equity share of Rs.10/- each (100%) for the financial year ended March 31, 2017.

2018
-HAIL wins Golden Peacock Award for Corporate Ethics.

2019
-Honeywell Establishes Robotics Innovation Hub For Next Generation Distribution Centers.
-Honeywell Partners With Bluefletch to Help Companies Migrate Mobile Devices to Android.
-Honeywell and NRStor C&I Launch Largest Behind-the-Meter Battery Energy Storage Program in the World.
-Honeywell Launches New Independent Software Vendor Partner Program.
-Honeywell Partners with VMware to Provide an Integrated Digital Workspace Platform.
-Honeywell Launches Online Store to Streamline Access to Business-Critical Software.

2020
-Honeywell Launches World's Smallest Satellite Communications Technology For Unmanned Aerial Vehicles.
-Honeywell Launches New Products To Improve Air Quality In Commercial Buildings.
-Honeywell Introduces Next-Generation Catalyst To Address 'Smell In Cabin' Events.
-Honeywell Begins Production Of N95 Face Masks In Smithfield.
-Honeywell Launches Innovative Cooling Technology For Electronics, Data Centers.

2021
-Honeywell Building Technologies Launches Next-Generation Digital Tools To Meet Evolving Customer Needs.
-Honeywell Launches E-Mon Class 6000 Smart Monitoring Energy Meters.
-Honeywell Expands Popular Ultraviolet Treatment Product Line To Serve New Transportation Segments.
-Honeywell Introduces Automated Methane Monitoring Solution In Europe To Help Companies Address Their Climate Goals.
-Honeywell Receives Prestigious Product Design Awards.
-Honeywell, SAP Launch Connected Buildings Solution To Help Operators Make Smarter Real Estate Decisions.

2022
-Honeywell partners with Navin Florine International.
-Honeywell Provides Visibility and Control to Help Realize Carbon Neutral Buildings.
-Honeywell Forge Recognized by SIIA as Best Overall Business Solution at 2022 Codie.
-Honeywell Launches First Integrated Aspirating Smoke Detection And Indoor Air Quality Monitoring System.
-Honeywell Begins Production Of Near-Zero Global-Warming-Potential Medical Propellant.

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