HMT Ltd

HMT Limited was incorporated in February 1953 by the Government of India as a Machine Tool Manufacturing Company with the name 'Hindustan Machine Tools Limited'. The Company was formed with the objective of producing a limited range of machine tools, required for building an industrial edifice for the country. On May 13, 1977, the company was converted into a public limited company and was changed from to HMT Limited. Prior to these, it had diversified into Watches, Tractors, Printing Machinery, Metal Forming Presses, Die Casting & Plastic Processing Machinery, CNC Systems & Bearings. The Company is engaged in manufacturing and selling of tractors and food processing machines, which include machine tools, watches, tractors, bearings and exports. The Company's products include printing machine, bearings, food processing machine, machine tools, watches and tractors. In 1960's, the Company set up new units at Pinjore, Kalamassery and Hyderabad. In 1970s, they set up HMT International Ltd as a subsidiary company to channel HMT's products and technical services abroad. They set up two units for manufacture of watches, one at Srinagar and another at Tumkur. Also, they took over Machine Tool Corporation at Ajmer as their sixth machine tool unit. In 1980s, the company as a part of vertical integration efforts, launched units to manufacture Watches at Ranibagh, Watch Cases at Bangalore, Stepper Motors at Tumkur, CNC Systems at Bangalore and Ball screws for use on CNC machines at Bangalore. They took over Indo-Nippon Precision Bearings Ltd, a state owned unit as a subsidiary, which was renamed HMT-Bearings Ltd. Also, they took over Praga Tools Ltd as another subsidiary. In 1990s, the company restructured themselves into five Business Groups viz., Machine Tools, Watches, Tractors, Industrial Machinery and Engineering Components as part of Business Reorganization. In the year 1993, they launched two new brands, namely 'Ramani' for gents and 'Utsav' for ladies. In the year 1997, the tractors group launched a 45 HP Coastal Special model tractor for application in coastal areas on Commercial basis. Also, they launched 59 HP model tractors with Power Steering. In the year 1998, the company introduced 350 range of Citizen watches in Mumbai along with their latest Eco-Drive models, which absorb power thorough any source of light. They entered into manufacturing and marketing alliance with Tennmax Industrial Ltd. of Hong Kong. In August 1, 2000, the company received the approval of the Government of India for the turnaround plan submitted by the company. Consequently, the company signed a Memorandum of Understanding with the Government of India on August 11, 2000 detailing various actions to be taken on a time bound manner both by the Government and the company. As per the restructuring plan, two separate subsidiary companies, namely HMT Machine Tools Ltd and HMT Watches Ltd have been incorporated and these subsidiaries will take over the business of Machine Tools and Watches of the company. In the year 2006, the company established a high tech Engine Emission Testing Laboratory in R&D Centre at their Tractor Division, Pinjore with an investment of Rs 50 million. During the year 2007-08, Praga Tools Ltd, a subsidiary company was amalgamated with HMT Machine Tools Ltd, another subsidiary company. During the year 2008-09, the company initiated operational measures such as improvement in products, rationalization of product mix, operational methods, capital investments, new strategies for marketing, distribution and improvement in productivity. The Company desire to expand its Dairy Machinery business and sale of watches. In the dairy machinery business, the Company is focusing on product upgradation, manufacturing collaborations, and turnkey projects to strengthen its position in the market. Similarly, in the watches business, the company is appointing distributors and launching new series to increase sales and market presence. HMT Auxiliary Business Division released three new series of watches of HMT on 7th February 2021. Two new products were introduced following the Economical Compact size Vertical Turning lathe (VT80) with live tool for M/s PMK Bengaluru by HMT MTL Hyderabad and Horizontal Turning Lathe for Nuclear Fuel Complex ( NFC) Hyderabad application by HMT MTL Bengaluru in 2026. In 2026, the Company supplied 60 machines to the Odisha Skill Development Authority (OSDA) and obtained commissioning reports for 15 Surface Grinding Machines. It supplied 41 pairs of Three-Piece Manipulators (TPMs) and 31 Radiation Shield Windows (RSWs) to the Bhabha Atomic Research Centre (BARC) for the nation's scientific programmes. Three SBCNC-30 Turning Centres were further commissioned for bomb shell machining at Ordnance Factory Ambajhari, Nagpur.