Welcome to Hmt Limited

8/7/2019 Welcome to Hmt Limited

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WELCOME TO HMT LIMITED

Dear Netizen,

It gives us immense pleasure to welcome you to our Corporate Website thatshowcases the multifaceted institution that is HMT. We thank you for the interestshown in visiting www.hmtindia.com

We take you through the diversity of our Products & Services that makes us a majorEngineering Conglomerate.

HMT's India portrays our Multi Unit, Multi Location, Multi Product & Multi Technologycharacteristic.

In our journey through the decades, since 1953, the year of inception, we receivedmany accolades as we grew up to a pre-eminent position in the Indian IndustrialLandscape. All this About Us is depicted here.

The Subsidiaries of HMT comprise products that bear similarity in technology-marketcharacteristics. They are under the ambit of the holding company, which alsooversees the operations of Tractors Business.

The Directors' Report details our performances as part ofFinancial Information whichalso contains extract of 5 years' financial highlights.

Photographs and information abound in Press Releases as also extracts from ourvarious in-house magazines.

Should you need any further information please get in touch with us. We welcomesuggestions through our Feedback Forms.

We urge you to visit our other Related Sites for more and much more informationregarding us.

Do Contact Us at any of the addresses and we will be glad to respond to you.

Thank You once again

HMT LIMITED
http://www.hmtindia.com/html/p-s_machinetools.htmhttp://www.hmtindia.com/map/htmsindia-mfs-units.htmhttp://www.hmtindia.com/html/milestones.htmhttp://www.hmtindia.com/html/manufacturingunits.htmhttp://www.hmtindia.com/html/directorsreport.htmhttp://www.hmtindia.com/html/pr-specialevents.htmhttp://www.hmtindia.com/html/feedback.htmhttp://www.hmti.com/http://www.hmtindia.com/html/contactus.htmhttp://www.hmtindia.com/html/p-s_machinetools.htmhttp://www.hmtindia.com/map/htmsindia-mfs-units.htmhttp://www.hmtindia.com/html/milestones.htmhttp://www.hmtindia.com/html/manufacturingunits.htmhttp://www.hmtindia.com/html/directorsreport.htmhttp://www.hmtindia.com/html/pr-specialevents.htmhttp://www.hmtindia.com/html/feedback.htmhttp://www.hmti.com/http://www.hmtindia.com/html/contactus.htm


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CMD's Page

WELCOME to HMT, India's premier Public Sector conglomerate.

We are a Public Sector Undertaking of the Government of India engaged in

the manufacture of engineering goods in diverse areas such as MachineTools, Watches, Tractors, Printing Machinery, Die Casting & PlasticProcessing Machinery, Metal Forming Presses etc.

We began in a small way in 1953 to meet a big commitment: `To buildmother machines to build a modern industrial India'.

From a single Product, single Unit Company in the post independence era weemerged as a conglomerate by the turn of the twentieth century with

Several manufacturing bases spread over different states in IndiaA wide & diversified product rangeMarkets stretching across 38 countries around the world.

Our teams of engineers have created a brand equity that symbolizes:

Machine Tools to a manufacturerTractors to a farmerWatches to millions of people in India and abroad.

Over the years HMT received know-how and know-why from 36 collaboratorsfrom 12 countries who were leaders in their respective domains of business.

Our marketing and servicing network criss-cross the length and breadth ofIndia feeling the pulse of the market and striving to create customer delight.

Our exports are channeled through wholly owned subsidiary viz., HMT(International) Ltd., with an agency network across the globe.

Our Corporate Head Quarters housed at Bangalore formulates strategicplans, policies and programmes and co-ordinates implementation across ourvarious subsidiaries.

Hope you will find the information provided here interesting and useful.

Thank you for visiting our site.

With Best Wishes,

Chairman & Managing DirectorHMT Limited

Company History - HMT


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YEAR EVENTS

1953 - The Company was Incorporated in Bangalore. The Company was

converted into a Public Limited Company on May 13, 1977. Themain objects of the Company is Manufacturing of the Machine

Tools, Metal forming presses and press brakes, pressure die,

casting machines and automatic plastic injection mouldingmachines, Automatic plastic injection moulding machines,

Paper

cutting machines, Automatic plastic injection mouldingmachines,

Paper cutting machines, Tractors 25/35/55 HP, Lamps and Lamp

making machines, Printing Machinery, Printing Machinery,Watches.

Some of the trade names of the watches manufactured are

Janata,

Sona, Pilot, Tarun, Nutan, Jawhar, Automatic Day and Date,

Priya,Chinar, Nishat, Rakhee, Avinash and Kohinoor.

- The Machine Tool Division at HMT Bangalore, was the oldest

manufacturing unit of the Company and the product lines

consistof 16 types of metal working machines. The Die Casting

Division

was set up for the manufacture of Die Casting and Plastic

Injection Moulding machines in technical collaboration withReifenhaeuser GmbH & Co. of West Germany.

1961 - The Watch Factory at Bangalore had two operating divisionsthe

Watch Factory Division: set up during the year in technical

collaboration with Citizen Watch Co., Ltd., Tokyo, thisdivision

started with manufacture of hand winding watches. A new

plantwas set up to manufacture self-winding watches in

collaboration

with the same Japanese firm and Horological Machinery:

Divisionwas established for the manufacture of sliding headstock

automatics in technical collaboration with M/s. Jos

Petermann,Switzerland.

- The Watch Factory at Srinagar was set up for the manufactureof


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web

offset printing machines, With M/s. Laeis - Werke AG, Trier,

WestGermany, for the manufacture of refractory presses, A MOU

with

M/s. Tesa SA, Renens, Switzerland, a subsidiary of Brown &Sharpe

Manufacturing Co., Rhode Inland, U.S.A., for the manufacture

ofprecision measuring instruments.

- HMT (International), Ltd., with an issued capital of Rs 6lakhs

is a wholly owned subsidiary of the Company.

- All shares held by the President of India and his nominees.

Outof the issued capital, 7,122 No. of Equity shares were issued

asfully paid-up without payment in cash and 40,000 fully paid

Equity shares were allotted on amalgamation of the erstwhile

Machine Tool Corporation of India, Ltd., Ajmer.

1977 - All shares issued to Govt. of India.

1978 - The Company undertook a scheme to expand the capacity ofWatch

Factory to 4 lakh watches in 1979 and 5 lakh watches in 1980.- The Govt. approved a total investment of Rs 24.50 crores in

the

watch factory to be established at Tumkur in Karnataka Statefor

the manufacture of 2 million watch movements.

- The Company undertook to set up a project for the manufacture

of

4 million fluorescent tubes per annum in collaboration for

assembly line with Tungsram of Hungary at a capital outlay ofRs

3.19 crores.

- The Company undertook to diversify into the field of

precision

meterological and measuring instruments at Srinagar. Govt.approval was obtained during 1979-80 and negotiations were in


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progress for foreign collaboration.

- The Company undertook to set up a factory in Aurangabad, abackward area in Maharashtra, for the manufacture of dairy

machinery.

- Industrial licence was obtained and a technical collaboration

agreement was entered into with Fortschritt Landmaschinen

Export-Import of German Democratic Republic (FLM).

- In order to increase the capacity of tractor manufacture from

12,000 to 15,000 per annum, the Company undertook to set up asecond line of assembly operations at Mohali, Punjab.

- The Company submitted a feasibility report to Govt. for the

manufacture of electronic watches. The Company concluded a

MOUwith Hitachi and Citizen of Japan.

- The Company offered technical collaboration to Industrial &

Commercial Development Corporation of Kenya (ICDC) to set up

aplant for the manufacture of machine tools in Kenya.

- The company entered into an agreement with the Federal Govt.

ofNigeria to set up a plant for the manufacture of machine tools

inNigeria. A new company under the name Nigeria Machine Tools,Ltd. was incorporated in Lagos.

- With effect from 12th September, the name of the Company waschanged from Hindustan Machine Tools, Ltd. to HMT Ltd.


1980 - The Company entered into a collaboration agreement with

Pegard

S.A. of Belgium for adding new models to the existing rangeof

Horizontal boring machines.

1981 - The Company proposed to manufacture silver oxide miniature

batteries in collaboration with Hitachi-Moxcell Ltd., Japan.

These would be used in electronic and quartz watches.


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- The Company received an industrial licence for the production

of

one million stepper motors required for electronics watches.

- The subsidiary formerly known as Indo Nippon Precision

BearingsLtd., changed its name to HMT Bearing Ltd. on 1st December.

1993 - To capture the growing urban market for fashionable watches,two

new brands viz., `Ramani' for gents and `Utsav' for ladies

werelaunched.

- Equity shares subdivided. 504,19,400 shares issued to

Government

of India.


1996 - The Company has decided to convert Lamp Division into a

separatewholly owned subsidiary.

- All shares issued to Govt. of India.

1997 - Production also suffered due to slowdown in the economy

coupledwith stiff competition from imported machines.

- The Tractors Group launched a 45 HP Coastal Special model

tractor for application in coastal areas on Commercial basis.

- A 59 HP model tractor with Power Steering was also launched

during the year. Orchard Special model tractor in 25 HPrange

was developed and was under test marketing. Modernisation

cum

Expansion plan for the Tractor division was chalked out forincreasing the production capacity of Tractor division to

30,000

tractors at a cost of Rs 110 crores in the next two years.

- The entire networth of this subsidiary was eroded and a

referencewas made to BIFR as a sick company under the Sick Industrial


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Companies (Special Provisions) Act, 1985.

- All shares issued to Govt. of India.

- The public sector HMT has indigenously manufactured

four-colouroffset printing press for the first time in the country in

its

unit at Kalamassery.

- The HMT has introduced three new models the HMT 3022, HMT

3522and HMT 4511 coastal special have been fitted with fuel

efficient

engines and heavy duty transmission.

- The machine tools division of HMT has entered a new area ofmanufacturing with press tools and dies.

- The Machine tools division has also entered into a joint

working arrangement with MS Giana, Italy, for the manufacture

heavy duty CNC lathes for the defence sector. This range ofproducts will be built for the first time in the country.

- HMT has signed a memorandum of understanding with the Union

government under which it is expected to increase itsturnover

to Rs.1,160 crore and post a net profit of Rs.10.45 crore forthe year ended March 1998.

- HMT introduced ADD and dater watches priced at Rs.750/900 in

September. On August 15 the company launched Swarna series.

1998 - HMT International Ltd, a wholly-owned subsidiary of HMT, has

bagged a Rs.13-crore order for setting up an EntrepreneurTechnical Development Centre (ETDC) at Dakar in Senegal.

- HMT International has already set up successfully training

Algeria and the Maldives. A batch of 17 Senegaleseinstructors

has already undergone training at HMT's international

trainingcentre in Bangalore.

- The company is launching 15 new models in the automaticday/date


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range.

- HMT would issue 41,25,000 ordinary shares of Rs.10 each tothe

government. The company board has recently approved the

allotment of these shares. The company had alreadyapproached

the Bangalore Stock Exchange for issuing these shares to the

government. A total of 10,06,45,165 equity shares of Rs.10is

listed with the bourse.

- Machine tools giant HMT is in touch with world's number one

MT

manufacturer Yamazaki Mazak to enter into a possible alliance

to manufacture the latter's machine cutting tools under a

buy-back arrangement.

- HMT Ltd has bagged the FIE award for the best quality, designand aesthetic appearance of a product at IMTEX '98.

- HMT Ltd today announced a special voluntary retirement scheme(VRS) for its lamp division employees under which those who

opt

for it can remain at home with half their pay till such time

that the public sector behemoth receives its due from theNational Renewal Fund.

- HMT International Ltd., a wholly owned subsidiary of HMTLtd.,

which has recently diversified into software exports has

entered into a strategic alliance with A1- pha data LLC ofAbu

Dhabi, a part of 0 million US group. The two companies

wouldjointly develop software business for HMT's Erp Solutions

Vikas.

- An MoU (memorandum of understanding) signed between theGovernment and HMT has delegated power to HMT to sanction

schemes for incentives cum rewards.

- The Government is making a fresh bid to privatise HMT

Tractors, a

profit-making unit under the fold of public sector major HMTLtd.


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- HMT has two fully-owned subsidiaries now - HMT

(International) Ltd, which is a trading company and HMT(Bearings) Ltd, which manufactures ball and roller bearings.

It also has a partly-owned subsidiary - Praga Tools Ltd -

basedin Secunderabad.

- The union minister of state for industry released a new HMTautomatic day date watch Ranjit incorporating euro-style

dial, and a new ladies watch Preeti.

- The HMT division has a capacity of manufacturing 18,000

tractors.

- The company has introduced 350 range of Citizen watches in

Mumbaialong with its latest Eco-Drive models, which absorb power

thorough any source of light.

- The company has entered into a manufacturing and marketing

alliance with Tennmax Industrial Ltd. of Hong Kong.

- HMT Ltd has been named as one of the top ten brands in India

by a

recent survey conducted by A&M-ORG-MARG. HMT has been rankedas

the top seventh brand among the main brands in the annualsurveythat covers 60 brands from all over the country. HMT is also

the

only public sector company whose brand has features among thetop

ten in the survey. The brand has emerged as seventh from the

22nd position held last year.

- The company also proposes to convert 30% of the loan

component

into equity.

- Citizen Watches (India) Limited, is a joint venture between

theCitizen Watch Company, Japan which holds a 51 per cent stake

and Doshi Time Industries holding 49 per cent stake. It has

atotal paid up capital of Rs eight crores.


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- An MoU (memorandum of understanding) signed between the

Government and HMT has delegated power to HMT to sanctionschemes

for incentives cum rewards.

1999 - The Industry Ministry has directed the state-owned Hindustan

Machine Tools to explore possibilities of joint venture

formationfor its watch division.

- The company has tied up with Tennmax of Hong Kong and iscurrently marketing the HMT-Tennmax brand in India.

- After Kenya and Nigeria, HMT had signed a MoU for setting up

a

watch assembly unit Zimbabwe.

- The shareholders of Hindustan Machine Tools Ltd (HMT)approved

a proposal to increase the company's authorised share capital

to Rs 200 crores from the present Rs 135 crores.

2000 - Icra has assigned an LAAA (SO) rating and an MAAA (SO) rating

to the Hindustan

Machine Tools (HMT) bonds of Rs 469 crore 10-year tenureand Rs 40.43 two-year

tenure.- HMT (International) Ltd., a wholly owned subsidiary of

HMT Ltd., has been

awarded the EEPC trophy for its achievements in exportof technical services during

the year 1998-99.

2001- Mr Manohar Joshi, Union Minister for Heavy Industries and

Public Enterprises, has unveiled the HMT 4922 tractor at

a launch ceremony organised at Pinjore, Chandigarh. With the

introduction of the new actor,

2002

-HMT Ltd has informed that consequent upon relinquishing of the

charge of Chairman & Managing Director, Tractor, upon resignation by

Mr R A Sharma on July 04, 2002 Mr M S Zahed, Director, Organisation &Management has taken additional charge of the post of Chairman &


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Managing Director, Tractor of the Company.

2003

-HMT Ltd has informed BSE that pursuant to Order dated January 9,

2003 from the Department of Heavy Industry, Ministry of HeavyIndustries & Public Enterprises, Government of India, New Delhi, Shri

M.S. Zahed, Chairman & Managing Director (Acting) and Director

(Organisation & Management) has been appointed as Chairman & ManagingDirector of the Company for a period of 5 years from the date he

assumes charge of the post or till the date of his superannuation or

until further orders, whichever is earlier. Shri.M.S Zahed assumedcharge of the post of January 09, 2003.

-HMT enters into Memorandum of Understanding with PNB, UCO Bank and

State Bank of Mysore and has launched SBM-HMTAgri Farm Scheme to

promote Agriculture mechanisationin south India.

-Pinjore Unit of HMT at Chandigarh is facing a financial crisis and

turnover has dropped

to 50-60cr .

-Shri Naresh Chaturvedi has been appointed as a part time official

Director on the

Board of Directors.

-Shri Navin Kumar, Joint Secretary to GOI has been appointed as PartTime OfficialDirector on the Board of Directors of the company.

2004

-HMT Ltd. has informed that the equity shares of the Company have

been delisted from the Bangalore Stock Exchange Limited, the RegionalExchange for HMT Limited, with effect from January 3, 2004.

-HMT signs agreement with UK-based Trantor for high power tractors

-HMT bags CMTI-PMT Trust Award

-HMT enters into a Technology Collaboration Agreement with M/sTrantor Vehicles Ltd

-HMT Ltd. enters into a Technology Collaboration Agreement withTrantor Vehicles Ltd. U.K.


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-Signs MoU with State Bank of India (SBI) for tractor finance

2005

-HMT inks agreement with ONGC, MRPL

-HMT in dialogue with Japanese co for MUV

2006

-HMT Ltd has Shri. R Asokan, Director (Finance), Department of HeavyIndustry, New Delhi has been appointed as Part-time Official Director

on the Board of the Company vide Presidential Order dated October 30,

2006, with effect from October 30, 2006

-Hmt Ltd. has informed that HMT (International) Limited, the whollyowned Subsidiary of HMT Limited, Bangalore, would set up

Indo-Zimbabwe Technology Centre (IZTC) in Harare and India TechnologyCentre (ITC) in Bulawayo.

-HMT Ltd has informed that the Company has established a high techEngine Emission Testing Laboratory in R&D Centre at its Tractor

Division, Pinjore at an investment of Rs 50 million.

2007

-HMT Ltd has appointed Shri. N Gokulram, Additional Secretary &Financial Adviser, Ministry of Heavy Industries & Public Enterprises,as Part-time Official Director on the Board of the Company vide

Presidential Order dated January 22, 2007, with effect from January

22, 2007 and until further orders vice Shri. R Asokan, Director(Finance), Department of Heavy Industry, New Delhi.

- Dr. Surajit Mitra has been appointed as Part-time Official Directoron the Board of the Company vide Presidential Order

F.No.5(35)/1995-PE.X (Vol.II) dated March 06, 2007, until further

orders with effect from March 06, 2007.

2008

- HMT Ltd. has informed that Shri B.S. Meena has been appointed asPart-time Official Director on the Board of HMT Limited vide

Presidential Order F. No. 5 (35)/ 1995- PE. X dated January 25, 2008,

until further orders with effect from January 25, 2008.


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- Hmt ltd has appointed Shri S. Behuria, Additional Secretary &

Financial Adviser to Government of India, Ministry of Heavy

Industries & Public Enterprises, New Delhi, as Part-time OfficialDirector on the Board of HMT Limited vide Presidental Order F. No.

5(35)/1995-PE.X dated October 14, 2008, until further orders with

effect from October 14, 2008. Further the Company has submitted theList of Directors of the Company as on October 14, 2008.

- HMT Ltd has appointed Shri S G Sridhar, General Manager(Technical), Hindustan Latex Ltd, as Director (Operations) on the

Board of the Company with effect from December 15, 2008, vide

Presidential Order dated October 22, 2008.

2010

- Hmt Ltd has informed that Shri Harbhajan Singh has been appointed

as Part-time Official Director on the Board of the Company witheffect from January 11, 2010


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CO

NT


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EN

T


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Chapter-1:


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CompanyProfil


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eChapter-


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2:Project


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ProfileCha


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pter-3:Res


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earchMeth


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odology


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Chapter-4:


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Chapter-5:


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Suggestions


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Chapter-6:


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SWOTAnal


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7:Conclusi


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onsChapter-


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8:Findings


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andAnalysis


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Appendix


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Bibliography


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Schedule

For


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ms ofperfo


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rmance appraisa

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