Fortune MNC 500 India 2026 edition
Rank#272- Total income
- ₹2,402 Cr
- Profit
- ₹58 Cr
Last year #259
Hanon Systems
Daejeon, South Korea Founded: 1986 • Age: 40 yrs Listed Acquired By Hankook Tire Fortune MNC 500 · #272
Thermal management systems are provided for automotive applications.
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About Hanon Systems
Hanon Systems is a publicly listed company based in Daejeon (South Korea) founded in 1986, and was acquired by Hankook Tire in October 2024. Thermal management systems are provided for automotive applications. The company has 2,220 employees. Hanon Systems has completed 1 acquisition, including Visteon. Its chief executive, as recorded, is In Young Le. Its website hanonsystems.com draws about 180 thousand monthly visits. Hanon Systems offers products and services including Thermal Management Solutions. Its focus areas include Auto, Auto Components, Thermal System and HVAC.
Company details
Hanon Systems was founded in 1986 and is headquartered in Daejeon, South Korea. Thermal management solutions for the automotive sector are developed and manufactured, including heating, ventilation, and air conditioning systems; compressors; powertrain cooling; fluid transport; and components for electric, hybrid, and fuel cell vehicles. Operations are supported by 40 manufacturing sites and four global technical centers across 19 countries.
Hanon Systems is ranked #272 on the Fortune MNC 500 India (2026).
Recognitions & Rankings of Hanon Systems
- Headquarters Daejeon, South Korea
- Employees 2,220
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Website category Vehicles · Automotive Industry
- Website hanonsystems.com/En
- Social LinkedIn
- Acquired by Hankook Tire (Oct 2024)
- Legal Name Hanon Systems
Operational Areas
Key Metrics
- Annual Revenue$7.53 B (USD)8.85as on Dec 31, 2025
- Net Profit-$137.48 M (USD)45.34as on Dec 31, 2025
- EBITDA$699.35 M (USD)35.56as on Dec 31, 2025
- Latest Funding Round$4.88K (USD), Grant
Feb 2024
- InvestorsHankook Tire
& 5 more
- Employee Count2,220
- Investments & Acquisitions
- Acquired by
Associated legal entities of Hanon Systems
Hanon Systems is associated with 3 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Advik Auto Private Limited CIN U34102KA2009PTC049218 | Active | 24 Feb 2009 | Bangalore, Karnataka | ₹64.3 Cr | 23 | 3 | View details |
| Hanon Climate Systems India Private Limited CIN U34300DL1991PTC046656 | Active | 06 Dec 1991 | New Delhi, Delhi | ₹844 Cr | 575 | 5 | View details |
| Hanon Automotive Systems India Private Limited CIN U35911TN1997PTC037782 | Active | 21 Mar 1997 | Tamil Nadu, India | ₹2,469 Cr | 1,443 | 5 | View details |
Products & Services of Hanon Systems
Hanon Systems offers a comprehensive portfolio of products and services, including Thermal Management Solutions.
Thermal Management Solutions
Engineering Services
Systems for managing heat in internal combustion and electric vehicles.
Funding Insights of Hanon Systems
- Total Rounds 16
- Last Round Grant — $4,884
- First Round $21.75M
(Jul 2015)
- Investors Count 4
Latest 10 of 16 funding rounds of Hanon Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | $4,884 | Grant | – | – | |
| Dec 2023 | $7,232 | Grant | – | – | |
| Oct 2023 | $10,957 | Grant | – | – | |
| Sep 2023 | $15,543 | Grant | – | – | |
| Aug 2023 | $5,019 | Grant | – | – | |
| Jul 2023 | $7,631 | Grant | – | – | |
| Jun 2023 | $10,631 | Grant | – | – | |
| May 2023 | $34,829 | Grant | – | – | |
| Apr 2023 | $60,541 | Grant | – | – | |
| Mar 2023 | $79,229 | Grant | – | – |
Valuation history
6 investors in total: 6 institutional.
Investors in Hanon Systems
Hanon Systems has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Hankook Tire, Ministerstvo Hospodárstva Slovenskej Republiky and Portál veřejné správy.
All
Venture Fund
Institutional
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Hahn & Company is recognized as Korea’s leading private equity investment group. | 2010 | hcompany.com | Seoul, Korea | |
| mhsr.sk | ||||
A digital platform for public administration services in Czech Republic. | gov.cz | Czech Republic | ||
| economie.gouv.fr | ||||
It serves as a government backed investment fund focused on the economic growth of southern ontorio. | 2009 | feddevontario.gc.ca | Waterloo, Canada | |
Tires are manufactured and supplied by Hankook Tire worldwide. | 1941 | hankooktire.com | Seoul, South Korea |
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Investor details for Hanon Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Hanon Systems
The boards of the 3 registered companies of Hanon Systems currently have 10 directors; the longest-serving is Sunil Kumar Kakkar, appointed in 2018. 69 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sunil Kumar Kakkar DIN 08041054 | Nominee Director | 29 Aug 2018 | 8 yrs 2 mo | Hanon Climate Systems India Private Limited |
| Aditya Bhartia DIN 00932272 | Director | 26 Feb 2021 | 5 yrs 8 mo | Advik Auto Private Limited |
| Prem Prakash Gajpal DIN 07674445 | Director | 26 Feb 2021 | 5 yrs 8 mo | Advik Auto Private Limited |
| Konrad Sergiusz Tlustochowicz DIN 09739523 | Director | 26 Jul 2022 | 4 yrs 3 mo | Hanon Climate Systems India Private Limited |
| Prabhu Lakshmipathy DIN 07687170 | Managing Director | 12 Dec 2022 | 3 yrs 10 mo | Hanon Climate Systems India Private Limited, Hanon Automotive Systems India Private Limited |
| Yong Soo Jung DIN 10576033 | Director | 08 May 2024 | 2 yrs 6 mo | Hanon Automotive Systems India Private Limited |
| Jaejin Sohn DIN 11188582 | Director | 07 Jul 2025 | 1 yr 4 mo | Hanon Climate Systems India Private Limited |
| Gopalakrishnan Sriram DIN 11420492 | Additional Director | 08 Jan 2026 | 9 mo | Hanon Automotive Systems India Private Limited |
| Kwangwon Park DIN 11310269 | Managing Director | 08 Jan 2026 | 9 mo | Hanon Automotive Systems India Private Limited |
| Muthumperumalpillai Subramonian DIN 10069364 | Alternate Director | 08 Jan 2026 | 9 mo | Hanon Automotive Systems India Private Limited |
People of Hanon Systems
29 people are tracked at Hanon Systems (13 in leadership, 16 in team); the tracked headcount is 2,220.
| Name | Role | Group |
|---|---|---|
In Young Le | CEO | Leadership |
Tim Udell | Vice President Of Commercial And Program Management | Leadership |
Guido Wolf | Vice President Quality Assurance | Leadership |
Mike Nemec | Senior Vice President Of Engineering | Leadership |
Frederic Flory | Senior Vice President Operations | Leadership |
Hank Holst | Head Of Global Compressor Engineering | Leadership |
Brian Trudeau | Executive Vice President And Chief Operating Officer | Leadership |
Mark V. Brown | Executive Director, Americas Engineering | Leadership |
Guhwan Jeong | COO Controller | Leadership |
Samir Desai | Vice President Commercial - Americas Business Group | Leadership |
Yong-Gwi Ahn | Director | Leadership |
Davide Piccirilli | Senior Vice President - Commercial And Program Management Teams | Leadership |
Firoz Rahman | General Manager - Global Oems Business Program Management | Leadership |
Jack Morais | Senior Engineering Manager | Team |
Massimo Bovio | Aspice Services Requirements And Processes Area Leader | Team |
Johnny Lee | HVAC Elec PD Engineer | Team |
William Abate | Americas R&d Lead (interim) | Team |
Ioannis Vatamidis | Program Manager Cross Car Global FT | Team |
Patty Flynn | Senior Engineering Manager | Team |
Sara Radstake | Executive Administrative Assistant | Team |
9 more people are available in the full profile.
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Complete people profiles for Hanon Systems
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IPO & Listings of Hanon Systems
Hanon Systems is a publicly listed company on the KRX with ticker symbol 018880 in South Korea, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date03 Jan 2003
- Listed onKRX: 018880
- Listed entityHanon Systems
- Exchange sectorProducer manufacturing
- ISINKR7018880005
- Share price3,920.00 KRW (+3.02% on the day) · 2026-10-14
- Market capitalisation3,904,385,652,466.00 KRW
- EPS (diluted, trailing year)-91.81 KRW
- Volume (last session)10,176,100
Financials of Hanon Systems
Figures of Hanon Climate Systems India Private Limited, the primary company behind Hanon Systems, for FY 2025. Revenue was ₹844 Cr (+11% year on year). Net profit was ₹53.40 Cr (6% margin). EBITDA was ₹97.97 Cr (12% margin). Revenue has grown at a compounded annual rate of +20% over three years and +19% over five years.
- ₹844 CrRevenue · FY 2025 · +11% YoY
- ₹53.40 CrNet profit · 6% margin
- ₹97.97 CrEBITDA · 12% margin
- ₹13.30 CrPaid-up capital
- 575Employees (provident fund records)
- +20%Revenue CAGR, 3 years
- +19%Revenue CAGR, 5 years
Exchange-reported annual figures
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 10,880.00B KRW | -198.55B KRW | 1,010.00B KRW |
| 2024 | 10,000.00B KRW | -363.26B KRW | 746.72B KRW |
| 2023 | 9,520.00B KRW | 50.99B KRW | 882.00B KRW |
| 2022 | 8,630.00B KRW | 20.44B KRW | 814.13B KRW |
| 2021 | 7,350.00B KRW | 308.51B KRW | 834.01B KRW |
Balance sheet, profit and loss, cash flow and ratios of Hanon Climate Systems India Private Limited are on its company page.
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Detailed financial statements for Hanon Systems
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Investments & Acquisitions by Hanon Systems
Hanon Systems has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Visteon.
Acquisitions
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
AI and cloud-enabled solutions and electronics for connected and autonomous vehicles | visteon.com | Detroit, United States | 2000 | Dec 2014 | •••• |
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Complete acquisition details for Hanon Systems
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Timeline of Hanon Systems
7 dated milestones of Hanon Systems across 38 years, from founding to its latest funding, stage changes and deals.
- Founded Hanon Systems is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Visteon.
- Exit Acquired by Hankook Tire.
- Funding First funding round of $21.8M.
- Funding Latest funding round, Grant, of $5K.
- Exit Acquired by Hankook Tire.
Web traffic of Hanon Systems
The website of Hanon Systems (hanonsystems.com) receives about 180K visits a month and ranks #202,239 among all websites worldwide, #4,543 in Automotive Industry.
- Monthly visits180K
▲ 21% vs previous month
- Unique visitors26.2K
per month
- Global rank#202,239
among all websites
- Category rank#4,543
Vehicles · Automotive Industry
Visitor engagement
- Bounce rate15%
- Pages per visit8.7
- Average visit5 min 41 sec
- DevicesDesktop 78% · Mobile 22%
Similar websites
Websites whose visitors overlap most with Hanon Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| enetnews.co.kr | 100% | #571,776 | View details | ||
gpkorea.com | gpkorea.com | 60% | #232,525 | – | |
dailycar.co.kr | dailycar.co.kr | 60% | #407,488 | – | |
global-autonews.com | global-autonews.com | 60% | #2,904,899 | – |
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Related news about Hanon Systems
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Frequently Asked Questions about Hanon Systems
Hanon Systems was founded in 1986 and raised its 1st funding round 29 years after it was founded.
Hanon Systems is headquartered in Daejeon, South Korea.
In Young Le is the CEO of Hanon Systems, as recorded in our data.
Hanon Systems has 2,220 employees.
Annual revenue of Hanon Systems is $7.53B as on Dec 31, 2025.
Hanon Systems was founded in 1986 and is headquartered in Daejeon, South Korea. Thermal management solutions for the automotive sector are developed and manufactured, including heating, ventilation, and air conditioning systems; compressors; powertrain cooling; fluid transport; and components for electric, hybrid, and fuel cell vehicles. Operations are supported by 40 manufacturing sites and four global technical centers across 19 countries.
Hanon Systems offers Thermal Management Solutions.
Yes, Hanon Systems is publicly traded on KRX under the ticker symbol 018880.
Hanon Systems has made 1 acquisition, including Visteon.
Hanon Systems has 6 investors. Key investors include Hankook Tire, Ministerstvo Hospodárstva Slovenskej Republiky, Portál veřejné správy, Ministry of Economy, Finance and Industrial and Digital Sovereignty, and FedDev Ontario.
Hanon Systems is associated with 3 legal entities: Hanon Climate Systems India Private Limited, Advik Auto Private Limited, Hanon Automotive Systems India Private Limited.
Yes. Hanon Systems was acquired by Hankook Tire in October 2024.