The Future Is Here. And It's Autonomous

After 37 years, honeywell is looking to shed the ‘industrial’ tag as it enters the age of autonomous systems, with india’s manufacturing firms finally adopting industry 4.0. This could be the decade of honeywell, but there are some road bumps.

- Prerna Lidhoo

COMPANY NAME Honeywell Automation India

MARKET CAP* ₹29,350.32 CRORE (28.98%)

REVENUE ₹3,395.44 CRORE (9%)

PROFIT ₹491.48 CRORE (28.33 %)

RANK NEW 2019 26 2021

When one has worked at a single company for nearly 30 years, one tends to think in decades, rather than a few years at a time.

And it is in decades that Ashish Gaikwad sums up the evolution of Honeywell Automation India Limited (HAIL) since he joined them in 1992. The ’90s were all about digitising core industries like steel, power, and petrochemicals, transitioning them to semiconductor-based electronics like industrial web apps and embedded systems. The new millennium brought a fresh set of changes: converting mounds of electronic data into meaningful information to shape decision-making, giving rise to services like predictive maintenance. In the decade since 2010, says Gaikwad, the company harnessed the power of artificial intelligence (A.I.) and quantum computing to develop technology such as warehouse robotics.