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Public ( BSE )
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"Asia's Premier Aerospace Complex"
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1940 (in 1964, company took on current name), Bangalore
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Bangalore , Karnataka , India
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Ashok K Baweja (Chairman), Fakruddin Mohammad (Director Corporate Planning and Marketing)
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9,500
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Aerospace and Defense
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Aerospace equipment <br>Military aircraft <br>Communication & Navigation equipment <br>Space systems
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4425 billion INR ( FY 2004)<br>(INR 825B)
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(HAL) is a major
Aerospace company under the
Ministry Of Defence based in
Bangalore ,
India . The company is mainly invloved in manuacturing aircraft, aerospace, navigation and communication equipment.
It built the first military aircraft constructed in
South Asia and is currently involved in the design, fabrication and assembly of
Aircraft ,
Jet Engines ,
Helicopters and their components and spares. It has facilities that are located throughout India including
Nasik ,
Korwa ,
Kanpur ,
Koraput ,
Lucknow , and
Hyderabad . The German engineer
Kurt Tank designed the
HF-24 Marut fighter-bomber, the first indigenously designed fighter aircraft constructed in
India .
Hindustan Aeronautics has a long history of collaboration with several other international and domestic aerospace agencies such as the
Sukhoi Aviation Corporation ,
Israel Aircraft Industries ,
Mikoyan-Gurevich ,
BAE Systems ,
Dornier Flugzeugwerke ,
Aeronautical Development Agency and
Indian Space Research Organisation .
It was established as ''Hindustan Aircraft'' in
Bangalore in
1940 by
Walchand Hirachand to produce aircraft; the initiative was actively encouraged by the
Kingdom Of Mysore , especially the Diwan, Sir
Mirza Ismail . The British Government bought one-third of the stock-holding by April 1941 as it believed this to be a strategic imperative; In April 1942, it bought out the stake of Walchand Hirachand and other promoters so that it can act freely in case of a Japanese attack during the ensuing
Second World War . However, the Mysore Kingdom refused to sell its stake but yielded the management control to the British Government. Thus, within 2 years of establishment, it was nationalized
