New Delhi, May 15 -- Honeywell Automation India Limited (HAIL) has appointed Atul Pai as the managing director, effective May 16. He takes over the role from Ashish Gaikwad who will now assume the broader responsibility as the India Leader for Industrial Automation, one of Honeywell International Inc's strategic business groups.
A two-decade veteran at Honeywell, Pai joined HAIL in 2001 and has held multiple roles including eight years as the global CFO for Honeywell Building Solution and Operations Controller for Honeywell. Pai is a qualified Chartered Accountant and holds a Bachelor of Commerce from Mumbai University.
"As an experienced CFO and proven business leader, Atul has the right experience, leadership qualities and business acumen to lead HAIL forward," added Ashish Modi, Non-executive Director of HAIL and President, Honeywell India. "Atul's 20 plus years tenure at Honeywell combined with his unique knowledge of our business make him a natural successor to Ashish Gaikwad, and I am confident in his ability to drive superior stakeholder engagement and corporate governance across our business. I also want to thank Ashish Gaikwad for his leadership and invaluable contributions to HAIL over the last several years." Additionally, HAIL today also announced the appointment of Girish Shastri as Director - Global Engineering Services. He has over 30 years of experience in the automation industry and his last held role was that of program director of the life sciences services at Honeywell.
HAIL also posted its financial earnings result today, reporting an increase in revenue from operations by 12% to Rs.950.7 crore year-on-year. The company also declared a 32% year-on-year increase in net profit at Rs.148.2 crore for the quarter that ended March 31, 2024.
Published by HT Digital Content Services with permission from TechCircle.