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Ashwani Gupta is country manager and MD, Honeywell

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afaqs! news bureau
New Update

Company press release, January 13, 2003

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New Delhi

Honeywell announced it has named Ashwani Gupta as Country Manager & Managing Director of Honeywell International (India), effective immediately. Mr. Gupta will be responsible for driving Honeywell's growth in India and South Asia, besides overseeing the company's existing businesses.

Prior to joining Honeywell, Ashwani was the Vice Chairman and Managing Director of HFCL, Infotel. Earlier, he spent 19 years at GE in a variety of assignments in India, the U.S., Saudi Arabia and Japan. He led GE's business development activities in India for most of the 90s, was the productivity leader based in Tokyo and Managing Director of GE Power Controls at Bangalore.

Ashwani is an MBA and has a Bachelor of Science degree in Electrical Engineering from Delhi University.

Honeywell is a diversified technology and manufacturing leader, serving customers worldwide with aerospace products and service; control technologies for buildings, homes and industry; automotive products; specialty chemicals; fibers; and electronic materials. Based in Morris Township, N.J., in the U.S., Honeywell employs approximately 100,000 people in 95 countries. Honeywell shares are traded on the New York Stock Exchange under the symbol HON, as well as on the London, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. Additional information on the company is available at www.honeywell.com

Contact:

Anuj Baveja

Genesis PR

Phone: 91-11-26878790/1/2; ext 56

Fax: 91-11-26881733

abaveja@genesispr.com

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