Walchand Hirachand founded Hindustan Aircraft Limited in Bangalore on December 23, 1940, in collaboration with the then-Kingdom of Mysore. Walchand Hirachand was appointed as the company's chairman. The company's headquarters were established in a bungalow called "Eventide" on Domlur Road. William D. Pawley of the Intercontinental Aircraft Corporation in New York established the organisation and equipment for the Bangalore factory. Pawley brought back from the United States a large number of machine tools and equipment.