The 5-year analysis of Miven Machine Tools Ltd's performance infers:
Data is not available for this company
Miven Machine Tools was earlier known as Kirloskar Warner Swasey and was incorporated in 1985 as a joint venture between The Mysore Kirloskar and Warner and Swasey Company USA. Right from its inception, the company has taken strides with amazing pace and confidence by introducing state of the art turning machines.
Looking at the rapid growth of the company, Giddings and Lewis, USA found this to be a lucrative venture and brought it under its wing. In 1998, the company joined Giddings and
Looking at the rapid growth of the company, Giddings and Lewis, USA found this to be a lucrative venture and brought it under its wing. In 1998, the company joined Giddings and Lewis family. In the year 2002, NASPL acquired a major stake in Giddings and Lewis India and renamed the company as Miven Machine Tools (MMTL). MMTL is a public limited company having equity holding of 87% by NASPL and balance 13% with the public. Miven is pioneer in the areas of manufacturing of industrial equipments, chip and coolant disposable systems, investments, software and trading. MIVEN was founded by NA Sirur group of companies (NASPL) in the year 1981.
MMTL is located in Tarihal Industrial Area, Hubli. The plant is spread over 21 acres of land with 32,000 square feet of built up area.
Business area of the company
MMTL caters to a wide range of CNC Turning machines ranging from a diameter of 160 to 800 mm chuck size with 350 - 3000 mm admit between centers. Miven offers latest versions of CNC controllers and drives. Mivenâ€™s popular model WSU-12 is renowned not only in India but also in European Countries and US. Miven redesigned its universal series to Chucker series for catering to automobile industry requirements. Miven has also developed and supplied machines with live tool and â€˜Câ€™ axis (turn mill centers).