History of Honeywell Automation India Ltd.
YEAR EVENTS 1984 - The Comp. was incorporated on 13th January, as a private limited Comp. under the name of Tata Process Control Pvt. Ltd.
1987 - The Comp. entered into a technical collaboration agreement with Honeywell Inc., on 17th March for state-of-the-art technology for Honeywell process control & management systems, under the trade name TDC-3000 and/or Digitronic Single Strategy Controller.
- Honeywell had also granted exclusive right & licence to Tata Honeywell to manufacture TCD-3000 systems in India.
1988 - It was converted into a public limited Comp. on 20th June, and the name was changed to Tata Honeywell limited The Comp. was promoted jointly by Tata Industries Ltd., & Honeywell Inc., U.S.A.
- The Comp. undertook to set up a project for manufacture of Honeywell 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 & allotted on a preferential basis to employees, etc. of Comp. & 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 & the 620 LCS programmable controllers.
1990 - Several important projects for TDC-3000 systems were executed and new systems such as series 9000 & LCS-620 Series PLCS for the smaller market were introduced.
1991 - Honeywell latest state-of-the-art 'Process Manager' was introduced & the Comp. commenced marketing of smart transmitters in India which find application in chemical fertiliser & other process industries.
- As a step towards indigenisation, a printed wire assembly manufacturing facility was established for manufacture of high volume PWAS of two products lines.
- During the year, building automation systems were launched in India.
1992 - The Comp. Commissioned during the year a complex integrated system for TISCO blast furnace `G' plant.
- In April 1993, 20,00,000 Rights shares allotted [prem. Rs 25 per share prop. 2:5s]. Another 80,000 shares offered to employees, etc. [prem. Rs 25 per shares] [only 79,700 shares taken ups].
- During the year, the Comp. was awarded & executed several important orders for TDC-3000 systems in the refinery, petrochemicals, steel, power & pharmaceutical sectors.
1993 - Honeywell new generation Automotion Platform 'Total Plant' was introduced & the Comp. marketed Building Automotion Control systems for Air-Conditioning, Fire Detection & security applications.
- The Comp. successfully commissioned the systems for Tata chemicals cement plant, Indian Oil Corporations Hydrocracker Atomospheric Unit i & United Carbon Carbon Black Plant.
1994 - The Industrial Control Systems is the largest segment of the company business, accounting for 80% of its revenue.
- The Comp. delivered 28 & commissioned 21 medium/large TDC-3000 systems during the year.
- During the year the Comp. was awarded the prestigious ISO 9001 certificate which is the key to the TQM.
- The Comp. is the first & only Comp. in India in the field of Industrial Automation & Control to be awarded this certification.
- For the third time in a row, the Comp. has won the Honeywell Asia Pacific Regional 'Profitable Growth' Award.
1995 - During the year Comp. successfully set up the Smart Transmitter Configuration Centre for local manufacture of Honeywell S 900 Series Smart Transmitters.
1996 - The Comp. 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 Comp. enhanced its product portfolio by introducing process analyzer as a result of Honeywell acquisition of Leeds and Northrop Analyzer Division.
1998 - HPCL awarded Tata Honeywell a turnkey contract for off-site automation of their oil movement and 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 & smart transmitters from Tata Honeywell.
1999 - THL, a joint venture between Tata Industries & the US-based Honeywell Corp, has taken over distribution rights from Honeywell India for systems business in its industrial automation segment from January 1999.
- Tata Honeywell, a joint venture between Tata Industries and Honeywell of US, plans to expand its industrial automation & control business to the oil & gas industry & 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 & Allied Signal internationally could signal additional new business opportunities for Tata Honeywell, the joint venture between Honeywell & Tata Industries.
- The merger agreement between Honeywell & Allied Signal would lead to a global technology Comp. with revenues of $ 25 billions.
2000 - Tata Honeywell signed a memorandum of understanding with Group4 Securities to form a joint venture Comp. to address the emerging need for Central Monitoring and Response Services for electronic security solutions.
- The Comp. 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 & quick security response services using electronic security solutions to residents of India major cities.
- The Comp. is all set to expand its presence in electronic security solution segment with its new range of surveillance systems.
- Tata Honeywell limited 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 & auto dialers.
- Tata Honeywell Hi-spec Solutions India entered into an agreement with US-based PSDI for offering the latter 'enterprise asset management solutions' process & manufacturing sector in the Indian subcontinent.
- Tata Honeywell Hi-spec solutions ndia entered into an agreement with US-based PSDI for offering the Latter 'enterprise asset management solutions' to the process & manufacturing sector in the Indian sucontinent.
- Tata Honeywell limited & Group4 Securitas Guarding limited have entered into a 50:50 joint venture to form a new Comp. called central Monitoring Services Pvt. Ltd.
- Tata Honeywell limited the Industrial Security & Automation Company, has entered the home & 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 & the trading symbol of Comp. be changed from TATAHONEY to HONAUT w.e.f. March 24, 2005
-Honeywell Automation India introduces Experion Process Knowledge System [PKSs] R300 which features an innovative redesign of its automation & control platform hardware.
2007
-Honeywell Automation India Ltd has appointed Mr. Jack Bolick as the new Chairman of Company.
