In an interview with CNBC-TV18, Darius Adamczyk, the CEO of Honeywell, discussed his vision for the company and the opportunities ahead. He highlighted three major focus areas: air travel, energy transition, and automation. Adamczyk emphasized the importance of aligning Honeywell with these macro trends and improving the company’s financial performance.

Regarding financial goals, Adamczyk mentioned that Honeywell has set a target of 4-7 percent organic growth, 40-60 basis point margin expansion, and mid-teens cash generation. By achieving these targets, the company aims to achieve double-digit earnings growth, which would contribute to the overall valuation of Honeywell.

When asked about priorities such as digitization and sustainability, Adamczyk highlighted Honeywell’s commitment to addressing climate change and providing solutions for decarbonizing sectors. He also mentioned the company’s focus on digital transformation through its Honeywell Connected Enterprise, aiming for double-digit growth in this segment. Sustainability, cybersecurity, and asset management were mentioned as key areas of growth.

Adamczyk discussed the strategic fit between Honeywell and India, highlighting the company’s presence in aerospace, infrastructure, and energy sectors, which align with India’s priorities. He mentioned the opportunities in India’s air transport sector, infrastructure development, and energy transition plans, expressing confidence that Honeywell’s portfolio is well-suited for India’s goals.

When asked about the aspirations for Honeywell’s India business, Adamczyk expressed ambitious goals for both domestic growth and leveraging India for global operations. He believed that the domestic business could double in the next four to five years, and the company expects to grow at least 2x the GDP growth rate. Additionally, Honeywell aims to leverage India as a manufacturing hub, benefiting from the supply base and sourcing opportunities in sectors like defense and aerospace.

Regarding the global reframing of trade and the de-risking of supply chains, Adamczyk emphasized Honeywell’s belief in manufacturing locally for local markets. He mentioned the opportunity to leverage India’s supply base for sourcing various products, such as castings, plastic parts, chemicals, and electronic products.

When asked about portfolio evaluation and the potential changes in Honeywell’s portfolio over the next few years, Adamczyk stated that the company has a history of portfolio evolution. He emphasized the focus on automation, air travel, and energy transition as key themes driving the portfolio’s evolution.

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