Hindustan Aeronautics Limited Monopoly

Hi buddy I heard Hindustan Aeronautics Limited, has a near-monopoly in the country's aerospace industry, is this true , plz let me know about the same ??

Hindustan Aeronautics Limited (HAL) is an Indian state-owned aerospace and defence company based in Bangalore, Karnataka.

Yes Hindustan Aeronautics Limited, has a near-monopoly in the country's aerospace industry, Its huge stand and ubiquitous branding underlined the scale of a company that already produces under licence the British-supplied Hawk trainer aircraft, Russia's SU-30 multi-role fighter jets, and European helicopters among others. It is also the crucial player in the world's biggest arms deal for 126 Rafale fighter planes, the first of which will be made in France by Dassault Aviation with the remaining 108 to be assembled by HAL in India until 2018.

Company profile

Type State-owned enterprise

Industry Aerospace and Defence

Founded 1940; 77 years ago

(As Hindustan Aircraft)

1964; 53 years ago

(Renamed Hindustan Aeronautics)

Headquarters Bangalore, Karnataka, India

Key people Shri T. Suvarna Raju (Chairman and Managing director)[1]

Products Transport aircraft

Fighter aircraft

Helicopters

Revenue 177.532614 billion (US$2.8 billion) (2014)

Net income 26.925169 billion (US$420 million) (2014)

Total assets 638.984194 billion (US$10 billion) (2014)

Total equity 150.146363 billion (US$2.3 billion) (2014)

Number of employees 32108[2] (March, 2014)

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