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Honeywell Technology Solutions Lab
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HONEYWELL TECHNOLOGY SOLUTIONS LAB PRIVATE LIMITED

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Karnataka ›

Computer Related Services ›

Active

Updated: 04 Nov 2025

Honeywell Technology Solutions Lab Private Limited is a global technology and innovation company that specializes in developing advanced software solutions and services for various industries. It offers capabilities in areas such as automation, data analytics, and cybersecurity, enabling clients to drive operational excellence and enhance security across their operations.

Honeywell Technology Solutions Lab Private Limited, is an unlisted private company incorporated on 11 October, 1994. It is classified as a private subsidiary of a foreign company and is located in , Karnataka. It's authorized share capital is INR 10.00 cr and the total paid-up capital is INR 5.00 cr.

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Industry and products

Computer Related Services

, turbochargers, and specialty materials. It develops avionics and electronic systems, propulsion engines, auxiliary power units, high reliability switches and sensors, flight safety products and systems

Company size

Auth Capital

₹ 10.0 Cr

Paidup Capital

₹ 5.0 Cr

Revenue

₹ 3500-3750 cr

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

6.56%

₹ 3,523.5

EBITDA

1.77%

₹ 683.4

Net Profit

-0.24%

₹ 403.8

Networth

3.92%

₹ 1,826.0

Borrowings

₹ -

Assets

4.8%

₹ 2,557.4

Gross Margin

100.0 %

Operating Margin

-0.93

19.6 %

Net Profit Margin

-0.78

11.5 %

Return on Equity

-0.92

22.1 %

ROCE

0.17

34.5 %

Debt to Equity

0.0

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (3)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Gopal Krishna Karthik Swaminath	02659832	0 years
Additional Director	Niranjan Kalyandurg	10474760	2 years
Additional Director	. Anita Vijaykrishnan	10474761	2 years

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	2,970.8	2,530.5	2,788.9	3,277.3	3,493.7
Operating profit	729.2	576.8	553.6	671.5	683.4
Net profit	491.0	384.6	321.0	404.8	403.8
Gross margin	100.0	100.0	100.0	100.0	100.0
Operating margin	24.5	22.8	19.9	20.5	19.6
Net margin	15.7	14.7	11.4	12.2	11.5
Networth	3,963.7	2,345.3	1,738.9	1,757.2	1,826.0
Borrowings	-	-	-	-	-
Assets	4,542.0	2,919.6	2,374.8	2,440.3	2,557.4
Debt to equity	0.0	0.0	0.0	0.0	0.0
Current ratio	6.1	2.8	1.7	1.8	1.7
ROE	12.4	16.4	18.5	23.0	22.1
Days payable	-	-	-	-	-
WC days	309.0	135.0	48.0	51.0	46.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	5.0	5.0	5.0	5.0	5.0
Reserves	3,958.7	2,340.3	1,733.9	1,752.2	1,821.0
Borrowings +	-	-	-	-	-
Long term borrowings	-	-	-	-	-
Short term borrowings	-	-	-	-	-
Trade payables +	284.4	279.8	274.3	300.7	335.5
Days payable	-	-	-	-	-
Other liabilities +	578.4	574.2	635.9	683.2	731.4
Other non-current liabilities	81.6	60.8	92.9	120.4	125.3
Other current liabilities	212.4	233.7	268.7	262.0	270.5
Total liabilities	4,542.0	2,919.6	2,374.8	2,440.3	2,557.4
Fixed Assets +	1,207.9	1,140.7	1,112.6	1,082.5	1,087.0
Tangible assets	1,066.5	1,016.5	1,075.4	1,039.9	1,043.3
CWIP	13.2	27.4	30.3	39.3	42.3
Intangible assets	128.1	96.8	6.8	3.3	1.4
LT loans and advances	-	-	-	-	-
Other non-current assets	320.1	328.6	351.5	335.1	427.8
Current assets +	3,014.0	1,450.3	910.7	1,022.7	1,042.5
Inventories	-	-	-	-	-
Trade receivables	263.1	171.6	280.9	320.0	281.9
Cash and cash equivalents	504.4	1,010.5	534.8	597.1	612.8
ST loans and advances	-	-	-	-	-
Other current assets	2,246.4	268.2	95.0	105.6	147.8
Total assets	4,542.0	2,919.6	2,374.8	2,440.3	2,557.4

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.11	0.17	0.21	0.2	0.2
Reserves	87.16	80.16	73.01	71.8	71.21
Borrowings +	0.0	0.0	0.0	0.0	0.0
Long term borrowings	0.0	0.0	0.0	0.0	0.0
Short term borrowings	0.0	0.0	0.0	0.0	0.0
Trade payables	6.26	9.58	11.55	12.32	13.12
Other liabilities +	12.73	19.67	26.78	27.99	28.6
Other non-current liabilities	1.8	2.08	3.91	4.93	4.9
Other current liabilities	4.68	8.0	11.31	10.74	10.58
Total liabilities
Fixed Assets +	26.59	39.07	46.85	44.36	42.5
Tangible assets	23.48	34.82	45.29	42.61	40.79
CWIP	0.29	0.94	1.28	1.61	1.65
Intangible assets	2.82	3.32	0.29	0.13	0.06
LT loans and advances	0.0	0.0	0.0	0.0	0.0
Other non-current assets	7.05	11.25	14.8	13.73	16.73
Current assets +	66.36	49.68	38.35	41.91	40.77
Inventories	0.0	0.0	0.0	0.0	0.0
Trade receivables	5.79	5.88	11.83	13.11	11.02
Cash and cash equivalents	11.11	34.61	22.52	24.47	23.96
ST loans and advances	0.0	0.0	0.0	0.0	0.0
Other current assets	49.46	9.19	4.0	4.33	5.78
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	2,970.8	2,530.5	2,788.9	3,277.3	3,493.7
Sales growth %	3.69	-14.82	10.21	17.51	6.6
Expenses +	2,436.4	2,103.4	2,368.1	2,753.4	2,970.4
Cost of goods	-	-	-	-	-
Employee cost	1,688.0	1,562.9	1,842.3	2,134.7	2,230.6
Other costs	553.5	390.9	393.1	471.1	579.7
Operating profit +	729.2	576.8	553.6	671.5	683.4
Operating margin %	24.5	22.8	19.9	20.5	19.6
Other income	158.9	78.8	26.5	29.3	29.8
Interest	8.1	7.2	5.6	6.2	3.0
Depreciation	186.7	142.6	127.2	141.5	157.2
Exceptional items	-	-	-	-	-
Profit before tax	693.2	505.8	447.3	553.2	553.1
Tax	202.2	121.2	126.2	148.4	149.3
Profit - disc. ops	-	-	-	-	-
Net profit	491.0	384.6	321.0	404.8	403.8
Net margin %	15.7	14.7	11.4	12.2	11.5

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	94.92	96.98	99.06	99.11	99.15
Expenses +	77.85	80.61	84.11	83.27	84.3
Cost of goods	0.0	0.0	0.0	0.0	0.0
Employee cost	53.94	59.9	65.44	64.56	63.31
Other costs	17.69	14.98	13.96	14.25	16.45
Operating profit	23.3	22.1	19.66	20.31	19.4
Other income	5.08	3.02	0.94	0.89	0.85
Interest	0.26	0.28	0.2	0.19	0.08
Depreciation	5.97	5.46	4.52	4.28	4.46
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	22.15	19.39	15.89	16.73	15.7
Tax	6.46	4.64	4.48	4.49	4.24
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	15.69	14.74	11.4	12.24	11.46

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.0	0.0	0.0	0.0
Net Debt/Equity	0.0	0.0	0.0	0.0	0.0
Total Debt/Assets	0.0	0.0	0.0	0.0	0.0
Total Assets/Equity	1.1	1.2	1.4	1.4	1.4
Liquidity +
Current Ratio	6.1	2.8	1.7	1.8	1.7
Quick Ratio	6.1	2.8	1.7	1.8	1.7
Interest Coverage	90.0	80.3	98.5	108.5	230.1
Performance
Gross Margin	100.0	100.0	100.0	100.0	100.0
Operating Margin	24.5	22.8	19.9	20.5	19.6
Net Margin	15.7	14.7	11.4	12.2	11.5
Return +
Return on Equity	12.4	16.4	18.5	23.0	22.1
Pre-tax ROCE	14.6	20.9	28.8	34.4	34.5
Return on Assets	10.8	13.2	13.5	16.6	15.8
Pre-tax ROIC	13.7	18.5	24.5	30.2	28.8
Efficiency +
Days Payable	-	-	-	-	-
Days Inventory	-	-	-	-	-
Days Receivable	32.0	25.0	37.0	36.0	29.0
Fixed Asset Turnover	2.5	2.2	2.5	3.0	3.2
Total Asset Turnover	0.7	0.9	1.2	1.3	1.4
Working Capital
Cash Conversion Cycle	32.0	25.0	37.0	36.0	29.0
Working Capital Days	309.0	135.0	48.0	51.0	46.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
FORTITUDE AUTOMOTIVE PRIVATE LIMITED	Strike Off	1.0 L	1	Tamil Nadu
HONEYWELL HOMETOWN SOLUTIONS INDIA FOUNDATION	Active	1.0 L	1	Delhi

Tofler Score

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Risk

Severe Risk

No risks identified

Moderate Risk

No risks identified

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U72200KA1994FTC016379

PAN

AAACH4151J

Incorporation

1994, 31.1 years

Company Email

Nikhil.Arora@Honeywell.com

Paid up Capital

₹ 5.0 Cr

Authorised Capital

₹ 10.0 Cr

AGM

Sep 2025

Type

Private

Others

FAQ - HONEYWELL TECHNOLOGY SOLUTIONS LAB PRIVATE LIMITED

What is the incorporation date of HONEYWELL TECHNOLOGY SOLUTIONS LAB PRIVATE LIMITED?

The incorporation date of HONEYWELL TECHNOLOGY SOLUTIONS LAB PRIVATE LIMITED is 11 October, 1994

What is the authorized share capital of HONEYWELL TECHNOLOGY SOLUTIONS LAB PRIVATE LIMITED?

The authorized share capital of HONEYWELL TECHNOLOGY SOLUTIONS LAB PRIVATE LIMITED is INR ₹ 10.0 Cr.

What is the paid-up capital of HONEYWELL TECHNOLOGY SOLUTIONS LAB PRIVATE LIMITED?

The paid-up capital of HONEYWELL TECHNOLOGY SOLUTIONS LAB PRIVATE LIMITED is INR ₹ 5.0 Cr.

What is the registered address of HONEYWELL TECHNOLOGY SOLUTIONS LAB PRIVATE LIMITED?

The registered address of HONEYWELL TECHNOLOGY SOLUTIONS LAB PRIVATE LIMITED is Survey#96&97 Boganahalli Village, Survey#72/2&72/5 Doddakananahalli Village Varthur Hobli B, engaluru-E, Bangalore, Bengaluru, Karnataka, India, 560103 - 560103

What is the CIN number of HONEYWELL TECHNOLOGY SOLUTIONS LAB PRIVATE LIMITED?

The CIN number of HONEYWELL TECHNOLOGY SOLUTIONS LAB PRIVATE LIMITED is U72200KA1994FTC016379.

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