Since joining HAIL in 2001, Pai has occupied a number of executive positions throughout the company. Pai worked for Honeywell Building Solutions for eight years as an operations controller and as the company’s global CFO.
Atul Pai has been named Managing Director of Honeywell Automation India Ltd, beginning May 16, 2024. He replaces Ashish Gaikwad, who is assuming more responsibilities as Honeywell International Inc.’s India Leader for Industrial Automation, a strategic business area.
“Atul brings more than two decades of Honeywell experience in various regional and global roles across Honeywell and its finance division. In his new role, he will provide strategic direction on HAIL to help strengthen our growth, enhance value for our customers and further build our local brand,” said Ganesh Natarajan, Chairman & Independent Director, HAIL. “Atul’s deep understanding of our business combined with his extensive expertise in building automation will be invaluable for HAIL.”
“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.”
Since joining HAIL in 2001, Pai has occupied a number of executive positions throughout the company. Pai worked for Honeywell Building Solutions for eight years as an operations controller and as the company’s global CFO. Since 2021, he has served as a member of the HAIL Board of Directors. Pai graduated from Mumbai University with a Bachelor of Commerce and is a certified chartered accountant.
“It is an absolute privilege to have the opportunity to lead HAIL, which has pioneered the industrial & building automation journey in this country for three decades to support the government’s ambition to Make in India,” said Atul Pai. “Honeywell’s technology capabilities across automation, digitalisation and sustainability, our team of experienced professionals and our excellence in execution give us a competitive edge to lead in the industry.”
HAIL is a leader in integrated automation and software solutions, including process and building solutions, and is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It offers a broad range of environmental, combustion, sensing, and control products, as well as engineering services for automation and control to clients throughout the world.
HAIL was founded in 1984 and has its engineering, design, and manufacturing facilities in Pune. With over 3,000 workers dispersed throughout Pune, Ahmedabad, Baroda, Bangalore, Hyderabad, Mumbai, Chennai, Gurgaon, Kolkata, and Jamshedpur, the company is currently ranked among the Fortune India 500. HAIL possesses the exceptional distinction of being among the initial automation firms in India to receive dual certification of ISO:14001 and OHSAS:18001.
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