The company is open for inorganic growth via acquisitions, as they are looking at it very strategically and focusing on more areas.
American multinational conglomerate United Technologies researches, develops, and manufactures high-technology products in numerous areas, including aircraft engines, helicopters, HVAC, fuel cells, elevators and escalators, among others. UTC is also a large military contractor, producing missile systems and military helicopters, most notably the UH-60 Black Hawk helicopter.
In an interview with CNBC TV18, Gaurang Pandya, company's president of its India division, shared his views on the performance of the company in India.
Talking about the plans for India business, he said, "If you look at the run rate last three to four years for UTC in India we have pretty much doubled the business in the last three to four years. Now we had put a big goal out there and the expectation would be that the market would also play ball at the same time. There is always going to be a little of whether the market is actually keeping up with the pace or not where you are growing. So we are going to be on track to continue the traction in terms of really seeing the growth. Now we talked about before we just started but Q4 we ended really strong. We started Q1 of this year which for us January to March and double digit growth and with that the traction is going to continue to stay as we move forward".
The company is open for inorganic growth via acquisitions, as they are looking at it very strategically and focusing on more areas.
Presently, Indian business is one of the best and top performing markets for UTC globally. Commenting on the US business, he said, "If I look at the US right now, it is bouncing back really well. I am not sure about the growth numbers as such at the moment. I know they were growing and growing significantly better than they were in the last few years but I would say yes it would be one of the top performing growth markets.
The company's U.S market is performing ahead of China business. On Monday the company won the reversal of $657 million judgement imposed accusing its Pratt & Whitney unit of overcharging the U.S government on jet engines for the military
In an interview with CNBC TV18, Gaurang Pandya, company's president of its India division, shared his views on the performance of the company in India.
Talking about the plans for India business, he said, "If you look at the run rate last three to four years for UTC in India we have pretty much doubled the business in the last three to four years. Now we had put a big goal out there and the expectation would be that the market would also play ball at the same time. There is always going to be a little of whether the market is actually keeping up with the pace or not where you are growing. So we are going to be on track to continue the traction in terms of really seeing the growth. Now we talked about before we just started but Q4 we ended really strong. We started Q1 of this year which for us January to March and double digit growth and with that the traction is going to continue to stay as we move forward".
The company is open for inorganic growth via acquisitions, as they are looking at it very strategically and focusing on more areas.
Presently, Indian business is one of the best and top performing markets for UTC globally. Commenting on the US business, he said, "If I look at the US right now, it is bouncing back really well. I am not sure about the growth numbers as such at the moment. I know they were growing and growing significantly better than they were in the last few years but I would say yes it would be one of the top performing growth markets.
The company's U.S market is performing ahead of China business. On Monday the company won the reversal of $657 million judgement imposed accusing its Pratt & Whitney unit of overcharging the U.S government on jet engines for the military
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