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Honeywell Appoints Vikas Chadha as President of Honeywell India

New Delhi, July 12, 2016 &endash; Honeywell (NYSE: HON) today announced the appointment of Vikas Chadha as President, Honeywell India, succeeding Anant Maheshwari, who held a series of leadership roles with the company during the past 12 years. Chadha will assume responsibility as country leader for Honeywell India effective August 1, 2016.

“Vikas takes over a very strong Honeywell India business that is an important part of our company's manufacturing, engineering and software development strategies. Honeywell India features a wide range of advanced offerings intended both for India and the rest of the world,” said Shane Tedjarati, President, Global High Growth Regions, Honeywell. “Each of our business units has a strong presence in India, and our total number of employees in the country has grown from 1,000 in 2002 to approximately 15,000 today, including almost 8,000 engineers, in 50 Indian cities. We continue to see macro trends such as dieselization, rapid urbanization spurred by the 100 Smart Cities campaign, Make in India, the emerging middle class, and growth in civil aviation and defense as being drivers of our growth in the region for many years to come.”

“Today, Honeywell has a significant ‚ÄòMake in India' footprint in country that spans seven state-of-the-art manufacturing facilities and five technology development centers. Anant has done a terrific job in helping Honeywell build its presence and grow our business in India, and we wish him well in his future endeavors,” continued Tedjarati. “We have worked hard to ensure that our bench strength of talent in India is very strong. This internal appointment reflects the organization's continued evolution, and the maturity and depth of leadership talent in the country.”

Prior to this new appointment, Chadha, a 7-year Honeywell veteran, has served as Managing Director of Honeywell Automation India Limited (HAIL) since January 1, 2014. A successor to Chadha will soon be named.

Earlier, Chadha was Regional General Manager, Honeywell Building Solutions, for the India region, and before that, Regional Director &endash; South Asia for Honeywell's Security business. Before joining Honeywell, Chadha was a consultant with McKinsey & Company, where he spent more than two years in strategic consulting and business improvement in India and the Middle East. He has also held national-level management positions at Sharp Business Systems and at Larsen & Toubro Limited.

“Vikas brings a highly successful track record from a career spanning more than 20 years, with a mix of strategy and consulting, rich business experience, and people management,” said Tedjarati. “We are highly confident that he will help continue the momentum we have in India, and create new opportunities to build our capabilities and growth in the country.”

Chadha will drive Honeywell's businesses to seek new growth opportunities and identify potential synergies in the region. Honeywell is among the most deeply invested multinationals in India, with more than 3,000 technology products, solutions, and innovative applications being engineered in the country. The cutting-edge work that is done here supports Honeywell's advanced technology development, software capabilities through CMMI Level 5 programming, and new product introductions, including in the emerging connected technologies space.

“Honeywell's proven global strategy of having Great Positions in Good Industries, and its unwavering commitment to investing in India has helped drive growth here,” said Chadha. “It is a great opportunity to be taking on this role now as Honeywell continues its evolution as a cyber-industrial company with strong capabilities in software engineering and product development, much of which is coming from our plants in India. I am looking forward to driving our business in India forward and serving our customers with some of the world's leading technologies.”


About Honeywell India

Honeywell ( www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. All of Honeywell's global businesses have a strong legacy in India, built over the last eight decades. Honeywell's India commitment is evident in seven state-of-the-art manufacturing and engineering operations, and five global centers of excellence for technology development and innovation. Honeywell employs close to 15,000 people across 50 locations including Bangalore, Chennai, Delhi, Gurgaon, Hyderabad, Madurai, Pune and Vadodara. For additional information on Honeywell India, please visit https://honeywell.com/country/in/.