Who are the promoters of Honeywell Electrical Devices and Systems India Limited?

The company is a subsidiary of Honeywell International Inc., the US-based Fortune 100 diversified technology and manufacturing conglomerate. Honeywell International is the ultimate parent and promoter entity.

Is Honeywell Electrical Devices planning an IPO?

There are no confirmed public reports of an IPO plan for Honeywell Electrical Devices and Systems India Limited as of mid-2025. As a wholly-owned subsidiary of Honeywell International, an IPO is unlikely without a strategic decision from the US parent.

What is the relationship between Honeywell Electrical Devices and Honeywell Automation India Limited?

Honeywell Automation India Limited (HAIL) is a separate, listed Honeywell subsidiary on BSE/NSE focused on process automation and building management systems. Honeywell Electrical Devices and Systems India is a distinct unlisted entity focused on electronic components such as antennas, switches, and waveguides, incorporated separately in 1984 in Tamil Nadu.

What sectors does Honeywell Electrical Devices serve?

The company primarily serves defence, aerospace, and telecommunications sectors with its electronic components including antennas (used in radar and communication systems), waveguides (used in microwave and RF applications), and switches (used in industrial and defence equipment).

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Honeywell Electrical Devices and Systems India Limited?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Honeywell Electrical Devices and Systems India Limited Unlisted Share Price | Buy Honeywell Electrical Devices and Systems India Limited Pre-IPO Shares — wisefolio

Q: What does Honeywell Electrical Devices and Systems India Limited do?

Honeywell Electrical Devices and Systems India Limited is an Indian subsidiary of Honeywell International Inc. (USA). It manufactures electronic components including antennas, switches, and waveguides, primarily serving the defence, aerospace, and telecommunications industries. The company has been operating from Chennai, Tamil Nadu since 1984.

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Honeywell Electrical Devices and Systems India Limited Unlisted Share Price | Buy Honeywell Electrical Devices and Systems India Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Honeywell Electrical Devices and Systems India Limited is a Chennai-based unlisted subsidiary of the US conglomerate Honeywell International, incorporated in 1984. The company manufactures high-precision electronic components (antennas, switches, waveguides) for defence, aerospace, and telecom sectors. With India's defence indigenization momentum, the company is well-positioned, though its strategic direction remains governed by the global parent.

Pros

Subsidiary of Honeywell International Inc., a Fortune 100 US conglomerate with a global revenue of approximately $36 billion, providing strong parentage and technological backing.
Specializes in high-value electronic components including antennas, switches, and waveguides — products critical to defence, aerospace, and telecommunications sectors.
Over 40 years of operating history in India since 1984, with established manufacturing and technical expertise in Chennai, a major electronics hub.

Cons

As an unlisted subsidiary of a foreign parent, strategic decisions are driven by Honeywell International's global priorities rather than India-specific growth mandates.
Limited public financial disclosures due to unlisted status; financial performance is not independently reported.
High share price of ₹8,000 reflects a tightly held entity with very limited trading liquidity in the unlisted market.

Business Segments

Antennas

Manufacturing of antennas for defence, aerospace, and telecom applications

Switches

Electronic switches for industrial and defence use

Waveguides

Microwave and RF waveguide components for telecommunications and radar systems

Revenue Model

Revenue is primarily derived from manufacturing and supplying specialized electronic components (antennas, switches, waveguides) to defence establishments, aerospace OEMs, and telecom equipment manufacturers, largely under B2B and government supply contracts.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds8

Growth Plans

India's Defence Indigenisation policy driving domestic procurement of electronic components

Growing telecom infrastructure investment boosting demand for RF and antenna components

Honeywell's global expansion of defence and aerospace electronics business

Industry Tailwinds

India's Defence Indigenisation policy driving domestic procurement of electronic components

Comparable Companies

CompanyTypeTickerMkt Cap

Honeywell Automation India LimitedPE: 70xxListedHONAUT35000 Cr

Bharat Electronics LimitedPE: 45xxListedBEL150000 Cr

Data Patterns (India) LimitedPE: 50xxListedDATAPATTNS8000 Cr

Honeywell Automation India LimitedListed

Frequently Asked Questions

About Honeywell Electrical Devices and Systems India Limited

Honeywell Electrical Devices and Systems India Limited is a Chennai-based subsidiary of Honeywell International, the global technology conglomerate. Incorporated on 22 August 1984 with CIN U31901TN1984PLC011107, the company manufactures electronic components including antennas, switches, waveguides, and related precision electronic devices for defence, aerospace, and industrial applications. The company reported revenue in the Rs 150-200 crore range for FY2024, with approximately 180 employees. EBITDA declined 16.57% YoY reflecting cost pressures and product mix changes. The company operates as part of Honeywell's global manufacturing network, leveraging India's engineering talent and cost advantages for precision electronic component production. Honeywell International is one of the world's largest diversified technology and manufacturing companies with revenues exceeding $36 billion. Its India operations span multiple subsidiaries addressing different product and market segments. Honeywell Electrical Devices serves primarily defence and aerospace clients, making it a beneficiary of India's growing defence procurement budget and the Atmanirbhar Bharat initiative for defence indigenisation.

Key Milestones

Incorporated in 1984 in Tamil Nadu as Honeywell Electrical Devices and Systems India Limited

Established operations in Chennai, Tamil Nadu — a major electronics and defence manufacturing hub

Common questions about unlisted shares

How do I buy Honeywell Electrical Devices and Systems India Limited unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Honeywell Electrical Devices and Systems India Limited

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