HONEYWELL ELECTRICAL DEVICES & SYSTEMS INDIA | LATEST SHARE PRICE & UPDATES
Honeywell Electric devices and Systems India Limited is engaged in the business of manufacturing as well as trading of electrical devices and control systems. It has actually remained in India for over two decades, and also is the leading player in the electrical wiring devices and also accessories market.
Honeywell Electrical Devices And Systems India Limited is a public company which was incorporated on 22 August 1984. Honeywell Electrical Devices And Systems India Limited is the subsidiary of Honeywell International Inc., a Fortune 100 company.
Multy Kontact (MK) is the frontrunner brand name of Honeywell International, established by Charles Arnold on February 10, 1919 which has been supplying electrical connections and also security systems. In India, the company has its registered office and factory in Pune, and branch offices in key cities, including Chennai, Bangalore, Kolkata, Mumbai, Jamshedpur, Vadodara, Ahmedabad, Hyderabad and Gurugram. The company has its presence in Dubai and the USA also.
MK has a sales footprint in greater than 50 cities in the nation. With more than 2,500 dealerships MK items are readily available throughout the country.
Products that are offered by the companies include:
- Wiring Devices: Elements, Collection, Aspect, Blenze, Wrap around and many more.
- Cable Management: Floor, Walls and many more.
- Lightning Management: Lightspot, MLS and Accessories.
- MK Astral: Switch modules, Dimmer modules, Remote controller and many more.
- Circuit Protections: Isolators, Miniature circuit breakers and Distribution boards.
The company earns 54% of its revenue from the domestic market and 46% from exports. Honeywell International Inc. The ultimate holding company, holds 75% of the paid-up capital of the company as of 31st March 2020 through HAIL Mauritius Limited (earlier, Honeywell Asia Pacific Inc.).
|Symbol:||Honeywell Electrical Devices & Systems India Ltd.|
|Face Value (₹):||10|
|Demat Status:||NSDL & CDSL|
Board of Directors
Key Business Highlights
“Bonus Share Issue Propose in June 2021”
The Board of Directors, at its meeting held on 14th June, 2021 has recommended for issuance of
bonus shares in the proportion of 1:2 [i.e.1 (One) new fully paid up equity share for every 2 (Two)
existing equity shares held].