HAL was established as Hindustan Aircraft in Bangalore in 1940 on 23 December 1940. Hindustan Aircraft Company was incorporated under the Mysore Companies Act as a private Ltd Company. Walchand -- Tulsidas - Khatau Ltd was the Managing agency. Its first directors were: Walchand Hirachand, Chairman, Tulsidas Khilachand, Dharmsey Mularaj Khatau, A.N. Raghavachar (Mysore State representative), Venkatanaranappa (Mysore State representative). Company 's office was opened at a bungalow called "Eventide '' on Domlur Road. The initiative was actively encouraged by the Kingdom of Mysore, especially by its Young Maharaja, H.H. Jayachamarajendra Wadiyar and the Diwan, Sir Mirza Ismail. Walchand had first approached share holders of his own company, The Scindia Steam Navigation Company Ltd, for diversifying but was refused. He then wrote to the Rulers of Baroda, Gwalior and Bhavanagar without success. Only Maharaja of Mysore responded favourably by agreeing to invest 25 lakhs and gave initial 700 acres of land free.
which industrialist set up hindustan aircraft limited in association with the state of mysore
Walchand Hirachand