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Honeywell Placement Paper 11
Honeywell Company Profile
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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