What we do Miven Machine Tools Ltd manufactures CNC turning machines and special-purpose CNC machines, serving industries like automotive and heavy vehicles with precision engineering tools. |
Founded in 1,985 |
Market share Niche player in CNC machine tools segment, with historical collaborations and a limited client base including prominent Indian industrial firms. |
Problem solved Provides precision CNC machining solutions to improve manufacturing efficiency and accuracy for heavy industries and automotive sectors. |
Top clients or who we serve Bharat Forge, Premier Automobiles, Escorts Tractors, BEML, Hindustan Motors; primarily B2B clientele in industrial manufacturing. |
Key management Katta Sundeep Reddy (Managing Director) with a strong leadership role in corporate restructuring. |
Our journey and innovations Started in 1985 with technical collaboration from USA; introduced 'ORION' CNC chucker series and developing cost-effective vertical turning machines; pivoting to new business ventures. |
Where we operate Primarily India with historical technical ties to the USA; recently relocated headquarters to Hyderabad for strategic reasons. |
Top products or what we offer Universal CNC turning machines, CNC chuckers including 'ORION' series, small and special-purpose CNC machines; plans for coordinate measuring machines (CMM). |
Top brands ORION CNC chucker series - innovative vertical axis turning solution in development. |
Raw materials needed Specialized machine components and electronic modules for CNC controls; metals and precision parts sourced from industrial suppliers. |
Raw materials supplier - |
Recurring vs cyclical contribution Cyclical revenue linked to industrial manufacturing demand; currently operations are suspended leading to nil turnover. |
Our industry position Small scale with historical expertise; currently non-operational and repositioning business model for growth. |
Financial highlights FY 2024-25 revenue nil; net loss of Rs. 61.31 lakhs; previous year revenue Rs. 143.67 lakhs with losses; ongoing restructuring. |
Geographical revenue split - |
Order book - |
Whats driving growth Strategic repositioning, product innovation, and exploration of new business ventures anticipated to drive future growth. |
Our future plans Shifting headquarters to Hyderabad; exploring new business opportunities and product diversification including CMM manufacture. |
Our green promise - |
Our people and values Lean organization with minimal employees; strong focus on governance, risk management, and board diversity. |
Key challenges ahead Financial losses, market repositioning, lack of current operations, and need to restart revenue generation. |
Interesting facts Originated from Mysore Kirloskar collaboration; once owned by foreign partners; developing ORION CNC series; relocated headquarters recently. |
Risks and strategy Material uncertainty as going concern; plans to alter main business objects; management actively seeking turnaround strategies. |
