What we do HMT Ltd manufactures and sells machine tools, tractors, food processing machines, watches, and bearings, primarily serving industrial and agricultural sectors in India. |
Founded in 1,953 |
Market share A historic government-run industrial firm with a diverse portfolio; a reputed name in machine tools and tractors in India with presence in food processing and watches. |
Problem solved Provides essential industrial machinery and agricultural equipment to drive India’s manufacturing and farming productivity. |
Top clients or who we serve Industrial manufacturing units, farmers, food processing industries, and consumers; primarily B2B and B2C segments in Indian market. |
Key management Rajesh Kohli (Chairman & Managing Director, Additional Charge) |
Our journey and innovations Founded in 1953; expanded from machine tools into watches, tractors, bearings, and CNC systems; established subsidiaries and embraced vertical integration and R&D over decades. |
Where we operate India with export operations; major market is domestic with units in Bangalore, Pinjore, Hyderabad, and other Indian cities. |
Top products or what we offer Machine tools, tractors, food processing machines, watches, bearings; also offers engineering components and project services. |
Top brands HMT Watches (iconic Indian brand), HMT Tractors (coastal and power steering models), HMT Machine Tools. |
Raw materials needed Metals and alloys, electronic components, precision bearings, and mechanical parts for manufacturing. |
Raw materials supplier Details not specified; procures from national and international vendors. |
Recurring vs cyclical contribution Revenue is a mix of recurring orders in machinery and cyclically sensitive sectors like tractors and industrial tools. |
Our industry position Established government giant with strong legacy; currently facing stiff competition but remains pivotal in Indian industrial equipment market. |
Financial highlights FY 2024-25 revenue Rs.142.31 crores; net loss Rs.143.05 crores; profit before tax Rs.18.94 crores; focusing on operational measures and restructuring. |
Geographical revenue split 100% revenue from India, with operations centralized in Bangalore and national manufacturing units. |
Order book - |
Whats driving growth Demand for industrial automation, dairy and food processing equipment modernization, and government vocational projects. |
Our future plans Expand Dairy Machinery business, launch new watch series, implement training centers via government grants, upgrade plants. |
Our green promise - |
Our people and values Workforce of 45 employees; committed to diversity with representation of women, scheduled castes, and minorities; emphasizes integrity and code of conduct. |
Key challenges ahead Financial losses, competition, legacy operational inefficiencies, and need for modernization in a fast-changing industry. |
Interesting facts HMT Watches launched three new series in 2021; historic government undertaking with roots back to 1953. |
Risks and strategy Addressing cyclicality through diversification and new product launches; pursuing Government partnerships and operational efficiencies. |
