It was closed inlargely due to mismanagement of the company, leading to heavy losses. HMT Machine Tools Limited still manufactures industrial machines and tools with a work force of around 2, in six manufacturing units situated at Bangalore Mother unitKochiHyderabad 2 unitsPinjore and Ajmer.

Hindustan Machine Tools was incorporated in by the Government of India as a machine tool manufacturing company. Over the years, HMT diversified into watchestractorsprinting machinery, metal forming presses, die casting and plastic processing machinery, and CNC systems and bearings. HMT is headquartered at Bengaluru Bangalore. Today, HMT consists of six subsidiaries under the ambit of a holding company, which also manages the tractor business directly. It was renamed Jaymes Company Wood Carving Praga Tools Limited in It is mainly involved in manufacture of machine tools, including CNC machines.

InHMT expanded its watch manufacturing capacity with a set up alongside the Bangalore Factory Comppany manufacture additional watches. InWatch factory at Bangalore was further expanded to manufacture Main Spring, Hair spring and Shock absorber components. HMT set up additional manufacturing facilities to produce watch components sets at Tumkur and Ranibagh in the year and respectively.

To cater to the Niche market, a specialised Julius Berger Construction Company case manufacturing facility was set up at Bangalore in By latethe website for HMT watches was pulled down. This Htj soon prove to be a temporary move as there arose a newfound demand for mechanical hand wound and automatic watches made by the company, both in India and overseas.

This sudden increase in demand was due in part to the appearance of pre-owned HMT watches on online platforms such as eBay where they were being sold at prices several times higher than recent retail prices.

The HMT Watches website was functioning again by the end ofalthough a notification was put up to inform online visitors that HMT watches would now only be sold online and at select factory-owned brick and mortar stores. Duringthe company had losses of Rs crore on revenues of only Htm Company 11 crore. In contrast, competitor Titan 's watch business reported sales of Comapny 1, crore during the same year. The government also tried restructuring it in to improve its finances but the company continued to make losses.

HMT Limited had 18 manufacturing units. The constituent subsidiaries are given below while the holding company retains the tractors business group. HMT started the Htm Company with the manufacture of 25 HP tractor at Compajy manufacturing plant Detroit Coaster Company PinjoreHaryana state. Over the years, it has developed tractors ranging from 25 HP to 75 HP.

Machine tools divisions of HMT is still continuing its operations and introducing state of the art technologies in Indian industrial market. The Kalamassery unit has entered manufacturing equipments for Indian Naval defence sector by manufacturing Directing Gear systems.

From Wikipedia, the free encyclopedia. HMT Limited Formerly. BangaloreKarnataka. Operating income. Net income. HMT Limited. Retrieved 28 January Department of Heavy Industry. THm from the original on 21 May Retrieved 3 May Cartier Company Hindu.

Hindu Businessline. Retrieved 20 December Retrieved 28 February Htm Company Hindu Business Line. Retrieved 3 January Archived from the original on 5 November Retrieved 4 November Retrieved 5 July Retrieved 21 July Central public sector companies of India. Public sector undertakings in India List. Categories : Government-owned companies Compwny India Watchmaking conglomerates Companies listed on the Bombay Stock Exchange Tractor manufacturers of India Machine tool builders Manufacturing companies based in Bangalore Indian companies established in Watch movement manufacturers Watch manufacturing companies of India Indian brands.

Namespaces Article Talk. Views Read Edit View history. In other projects Wikimedia Commons. By using this site, you agree to the Terms of Use and Privacy Policy. Public sector undertaking. Government of India.

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