Honeywell Electrical Devices And Systems India Limited - Company Profile

It is a energy and power public limited company based in Chennai, Tamil Nadu, India, established in 1984.

1984 Chennai, Tamil Nadu, India Active

Last Updated: February 06, 2026

About Honeywell Electrical Devices And Systems India Limited

Honeywell Electrical Devices And Systems India Limited, a active public limited company, was established on 22 August 1984 in Chennai, Tamil Nadu, India. Engaging in power equipment manufacturers within the manufacturing sector, it holds CIN: U31901TN1984PLC011107. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹2.00 Cr and a paid-up capital of ₹9.52 M.

Formerly known as Mk Electric India Ltd, Novar India Limited. It upholds a compliant status. Employing 180 professional, Its leadership includes Nagendranath Shankarappa (Director), Harish Maganlal Baijal (Additional Director), Satish Kumar Agarwal (Director). Past directors included Nagendranath Shankarappa, Anil Ramchandra Kini, Neelu Khatri. It holds ₹86.52 K open charges and ₹5.17 Cr settled loans. Its latest AGM occurred on 11 November 2025, with the balance sheet filed on 31 March 2025. It is based at 5Th, 6Th And 7Th Floors, North Tower, Krm Plaza No. 2, Harrington Road, Chetpet, Chennai, Tamil Nadu, 600031.

Company Details

CIN/LLPIN
U31901TN1984PLC011107
Registration Number
011107
Incorporation Date
22 August 1984
Authorized Capital
₹2.00 Cr
Paid-Up Capital
₹9.52 M
ROC Code
Roc Chennai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 2.00 Cr as on 06-02-2026
Paid Up Capital ₹ 9.52 M as on 06-02-2026
Company Age 41 Year, 6 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 86.52 K as on 06-02-2026
Satisfied Charges ₹ 5.17 Cr as on 06-02-2026
Revenue Growth **** 6.68% (FY 2023)
Profit Growth **** 3.37% (FY 2023)
Ebitda **** 99.04% (FY 2023)
Net Worth 17.33% (FY 2023)
Total Assets **** 15.74% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Honeywell Electrical Devices And Systems India Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Honeywell Electrical Devices And Systems India Limited?

Current Directors

Name	Designation	Appointment Date	Status
Nagendranath Shankarappa	Director	20 Jun 2023	Current
Harish Maganlal Baijal	Additional Director	10 Jun 2025	Current
Satish Kumar Agarwal	Director	04 Feb 2021	Current
Virender Shankar	Director	12 Aug 2021	Current
Sameer Mahajan	Additional Director	10 Jun 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	21 Nov 2023	Past
Pramod Abcsdd	Whole-Time Director	28 Aug 2015	Past
Pramod Abcsdd	Director	17 Feb 2017	Past
Pramod Abcsdd	Whole-Time Director	23 Dec 2016	Past
Pramod Abcsdd	Managing Director	28 Aug 2015	Past
Pramod Abcsdd	Additional Director	14 Sep 2017	Past

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Financial Performance of Honeywell Electrical Devices And Systems India.

Honeywell Electrical Devices And Systems India Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 6.68% increase. The company also saw a slight improvement in profitability, with a 3.37% increase in profit. The company's net worth Soared by an impressive increase of 17.33%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

6.68%

*******

Revenue from Operations

*******

24.54%

*******

Total Assets

*******

15.74%

*******

Profit or Loss

*******

3.37%

*******

Net Worth

*******

17.33%

*******

EBITDA

*******

99.04%

*******

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What is the Ownership and Shareholding Structure of Honeywell Electrical Devices And Systems India?

In 2023, Honeywell Electrical Devices And Systems India had a promoter holding of 91.33% and a public holding of 8.67%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹86,520.00

Satisfied Charges

₹51,702,000.00

Charges Breakdown by Lending Institutions

The Investment Trust Of India Ltd. : 0.01 Cr

Latest Charge Details

Date	Lender	Amount	Status
26 Feb 1991	The Investment Trust Of India Ltd.	₹0.09 M	Open
10 Aug 1994	Bank Of Baroda	₹4.07 Cr	Satisfied
09 Jan 1987	The Vysya Bank Limited	₹5.49 M	Satisfied
09 Jan 1987	The Vysya Bank Ltd.	₹5.49 M	Satisfied

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How Many Employees Work at Honeywell Electrical Devices And Systems India?

Honeywell Electrical Devices And Systems India has a workforce of 180 employees as of Apr 02, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Honeywell Electrical Devices And Systems India, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Honeywell Electrical Devices And Systems India's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Honeywell Electrical Devices And Systems India

Recent Activity within the Organization

Annual General Meeting

Honeywell Electrical Devices And Systems India Limited last Annual general meeting of members was held on 11 Nov 2025 as per latest MCA records. was recorded as a recent event.
11 Nov 2025
Director Appointment

Progress on Harish Maganlal Baijal was appointed as a Additional Director was appointed as a Additional Director on 10 Jun 2025 & has been associated with this company since 8 months 17 days . was documented.
10 Jun 2025
Director Appointment

Progress on Sameer Mahajan was appointed as a Additional Director was appointed as a Additional Director on 10 Jun 2025 & has been associated with this company since 8 months 17 days . was documented.
10 Jun 2025
Balance Sheet

The activity Honeywell Electrical Devices And Systems India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai. was completed.
31 Mar 2025
Director Appointment

Nagendranath Shankarappa was appointed as a Director was appointed as a Director on 20 Jun 2023 & has been associated with this company since 2 years 8 months . was recorded as a recent event.
20 Jun 2023
Director Appointment

Virender Shankar was appointed as a Director was appointed as a Director on 12 Aug 2021 & has been associated with this company since 4 years 6 months . was recorded as a recent event.
12 Aug 2021

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