<P> 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 . </P>
which industrialist set up hindustan aircraft limited in association with the state of mysore
Walchand Hirachand