Hindustan Machine Tools

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Hindustan Machine Tools Ltd.

Type	Public Sector Undertaking
Founded	1953
Headquarters	Bangalore
Key people	M.S. Zahed (Chairman and Managing Director)
Industry	Engineering
Products	Machine Tools, Tractors, Watches
Website	www.hmtindia.com

Hindustan Machine Tools was incorporated in 1953 by the Government of India as a machine tool manufacturing company. Over the years diversified into watches, tractors, printing machinery, metal forming presses, die casting & plastic processing machinery, CNC systems & bearings. Successful technology absorption in all product groups through collaborations with world renowned manufacturers and further strengthened by continuous in house R&D. Today, HMT comprises six subsidiaries under the ambit of a holding company, which also manages the tractors business directly.

HMT Limited has 18 manufacturing units.The constituent subsidiaries are given below while the holding company retains the tractors business group.

HMT Machine Tools Limited (100% Holding)
HMT Watches Limited (100% Holding)
HMT Chinar Watches Limited (100% Holding)
HMT International Limited (100% Holding)
HMT Bearings Limited (97.25% Holding)
Praga Tools Limited (51.00% Holding)

HMT’s tractor business commenced its operations in 1971 in technical collaboration with M/s MOTOKOV, Czechoslovakia. HMT started the operation with the manufacture of 25 HP tractor at the manufacturing plant in Pinjore, Haryana state. Over the years, it has developed tractors ranging from 25 HP to 75 HP.