Financial Performance Analysis of Selected Industrial Automation Companies in India - A Comparative Study

In the present era of technology, Automation is the need of the hour as it minimizes human intervention in various industrial operations and improves efficiency. Automation involves the use of control systems in various industrial operations in different industries like automobile, cement, pharmaceuticals, etc. Automation not only reduces human intervention but also saves time and energy in performing various industrial operations. Also, automation replaces humans in tasks performed in high temperatures or toxic environment. There are many automation companies operating in the country that offer great automation products for different domains. The main purpose of this paper is to study and analyze Financial Performance of Selected Industrial Automation Companies in India (like ABB Ltd., Honeywell Automation India Limited and Rockwell Automation). This study was done based on secondary data collected from multiple sources of evidence, in addition to books, journals, websites, and newspapers.