Lakshmi Machine Works

Lakshmi Machine Works Limited
Type	Public
Traded as	NSE: LAXMIMACH; BSE: 500252;
Industry	Textile, Machine tool, Steel & GI Foundry, Aerospace, Defence
Founded	1962
Headquarters	Coimbatore, Tamil Nadu, India
Key people	Sanjay Jayavarthanavelu (Chairman & Managing Director); R. Rajendran (Director Finance)
Products	Textile Machinery, Machine Tool, Windmill, Automotive, Earth-mover equipment etc.
Revenue	₹25.00 billion (US$310 million) (2017)[1]
Net income	₹1.80 billion (US$23 million) (2017)[1]
Total assets	₹23.67 billion (US$300 million) (2017)[1]
Total equity	₹15.58 billion (US$200 million) (2017)[1]
Number of employees	5000+
Website	https://www.lmwglobal.com/,

Lakshmi Machine Works Limited is India's largest textile machinery and CNC Machine Tool manufacturers, based in Coimbatore founded by Dr. G.K. Devarajulu. It started its operation in 1962 in Periyanaickanpalayam in Coimbatore city with technical collaboration with Swiss-based textile machinery manufacturer Rieter for textile machines and German based Steel & Ammunition major Krupp. In mid 1980's the company bought over its Coimbatore based longtime rival and an older Textile & Engineering giant Textool. The company is promoted and owned by the Lakshmi Mills family.

LMW has 60% market share in the domestic Textile Spinning Machinery Industry. LMW diversified into CNC Machine Tools and is a brand leader in manufacturing customized products.

LMW's Global presence has grown over the years, with a market presence not only in developing countries, but also in Europe.

Its Textile Machinery Division was awarded the Confederation of Indian Industry Most Innovative Company of the Year for 2020.[2]

In 2010, LMW - Advanced Technology Centre (ATC) added a new plant to produce components and sub-assemblies for the aerospace industry. ATC facilities include quality assurance aligning to AS9100 D certification, and Nadcap for special process viz chemical process, non-destructive testing, welding and Heat treatment totalling. ATC has engaged projects with major original equipment manufacturers & Tier 1’s in the US, Europe, and various divisions of Hindustan Aeronautics Limited as well as Defence Research and Development Organisation.

References

"Financial Results of LMW for the AY 2017-18 – Eazy Tax India". Archived from the original on 18 June 2018. Retrieved 18 June 2018.
PTI (12 December 2020). "Coimbatore-based LMW bags 'Most Innovative Company of the Year 2020' award". The New Indian Express. Retrieved 26 January 2021.

Sources

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.

[eazytaxindia1-1] "Financial Results of LMW for the AY 2017-18 – Eazy Tax India". Archived from the original on 18 June 2018. Retrieved 18 June 2018.

[2] PTI (12 December 2020). "Coimbatore-based LMW bags 'Most Innovative Company of the Year 2020' award". The New Indian Express. Retrieved 26 January 2021.