HMT is a Central Public Sector Enterprise of the Government of India, under the Department of Heavy Industry, Ministry of Heavy Industries. The company was incorporated as ‘Hindustan Machine Tools’ at Bengaluru on February 07, 1953, and popularly known as ‘HMT’. Having established technology leadership by providing reliable solutions to the major strategic sectors of the country through supply of appropriate goods and services, and thereby ‘Driving Growth through Technology’, HMT has been the flagship of India’s industrial progress since independence. HMT is a Holding Company with two operative subsidiaries viz. HMT Machine Tools and HMT (International), while the businesses of Food Processing Machinery and Watches are directly managed by the company.
Businesses of the company:
HMT Machine Tools, in addition to general purpose and multipurpose CNC Machine Tools, has been providing a host of special purpose and specific technology machines to meet the requirements of the strategic sectors like Defence, Railways, Nuclear, Space, Aerospace, Naval, Auto etc. several of which are import substitute machines and machines which are under technology denial by developed countries.
HMT (International) incorporated in 1974 as a wholly owned subsidiary of the HMT, to cater to the export markets of HMT’s products, has also implemented several turnkey engineering projects in various countries and has created a niche in setup of Vocational Training Centres, Entrepreneurial Training Centres, Skill Development Centres, etc. on turnkey basis.
HMT Food Processing Machinery manufactures a wide variety of Dairy Machines including Pasteurizers, Homogenizers, Cream Separators, Continuous Butter Making Machines, Centrifugal Pumps, Plate Heat Exchangers for dairy & non-dairy applications, Oil Purification and Clarification system, Milk / Oil Separator, Chillers / IPHE etc. It also undertakes setting up of Dairy Plants on Turnkey basis.
HMT Auxiliary Business Division caters to the auxiliary businesses of HMT including assembly and sale of HMT Watches, sale of HMT Tractor spares, etc., as well as undertakes projects and services in addition to the management of HMT Townships in Bengaluru and Pinjore.
Business area of the company
The company, a Central Public Sector Enterprise of the Government of India, is engaged in the manufacturing of Food Processing Machineries. It is also engaged in sale of watches.
Awards/ achievements
Milestones
1949:
- HMT was conceived by the Government of India in 1949
1953:
- The company was incorporated, with the objective of producing a limited range of machine tools, required for building an industrial edifice for the country.
The 1960’s:
- With the success achieved in the initial years in absorbing the technology and in attaining production competence far ahead of the original plans, the Company launched a bold plan of diversification and expansion which resulted in the duplication of the Bangalore Unit and the setting up of new units at Pinjore, Kalamassery and Hyderabad.
- In 1967, recession struck the Indian Engineering Industry and the consumption of machine tools dipped drastically. The traumatic years of recession did indeed serve to bring to the fore two latent strengths of HMT, namely, the urge to survive and the confidence to innovate. With these strengths at full play, the Company emerged from the recession:
- With the world’s widest range of machine tools and associated services under a single corporate entity.
- With action plans firmly launched for diversification into Tractors, Presses and Press Brakes, Printing Machines, Die Casting and Plastic Injection Moulding Machines, Horological Machinery, etc., which were considered to have economic cycles that are different from those of machine tools.
- With a Watch Factory already established in 1961-62, additional capacities for watch production were contemplated to provide a greater cushion against cyclical fluctuations in capital goods markets and also to meet the burgeoning demand for watches.
- With export markets of enormous potential under active development.
The 1970’s:
- The 70s witnessed the fructification of all the diversification plans as envisaged. HMT setup
- HMT International Limited as a subsidiary company to channel HMT’s products and technical services abroad.
- Two more units for manufacture of Watches, one at Srinagar and one at Tumkur
- HMT took over Machine Tool Corporation at Ajmer as its sixth machine tool unit.
The 1980’s:
- In the 80s, HMT 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, Ball screws for use on CNC machines at Bangalore etc.
- HMT took over Indo-Nippon Precision Bearings Ltd, a state-owned unit as a subsidiary, which was renamed HMT-Bearings Ltd.
- HMT took over Praga Tools Ltd as another subsidiary.
The 1990’s:- The Company restructured itself into five Business Groups viz., Machine Tools, Watches, Tractors, Industrial Machinery and Engineering Components as part of Business Reorganisation.
- The New Millennium
- HMT is restructured with addition of three more subsidiaries to those already existing. HMT comprises of six subsidiaries under the ambit of the Holding Company which also manages the Tractors business directly. HMT Machine Tools Limited, Bangalore; HMT Watches Limited, Bangalore; HMT Chinar Watches Limited, Jammu; HMT Bearings Limited, Hyderabad; Praga Tools Limited, Hyderabad; HMT (International) Limited, Bangalore
- The strategic plans of the HMT group are coordinated by the holding company at Bangalore. To navigate through the challenges of the new millennium, HMT seeks strategic alliances from global leaders to synergies its own strengths with symbiotic inputs from the partners. For us, the whole world of opportunities is ahead to emerge as a global engineering conglomerate.
2019:- Recorded an increase in turnover over the previous year, as per the provisional and unaudited figures and achieved the targets of production and sales set for the year 2018-19.
2020:
- HMT’s Auxiliary Business Division has now completed the setup of a Watch Assembly Line and has also received the Industrial license.
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