Hindustan Machine Tools is a public sector undertaking of the Government of India. In 1953, the latter incorporated
the machine tool manufacturing company by the name of Hindustan Machine Tools Limited. HMT as a brand is popular among the masses as a premium watch making company. However, since its very inception, HMT Limited is into a lot of other things as well.
Over the years HMT, (as Hindustan Machine Tools is popularly known) has diversified into watches,tractors,printing machinery,metal forming presses,die casting & plastic processing machinery, CNC systems and bearings. HMT has also been successful in absorbing technology in all product groups by collaborating with recognized manufacturers from all over the world. Moreover, Hindustan Machine Tools has also evolved through continuous in-house Research and Development (R & D). Today, HMT has six subsidiary companies under its supervision namely:
- HMT Machine Tools Limited
- HMT Watches Limited
- HMT Chinar Watches Limited
- HMT International Limited
- HMT Bearings Limited
- Praga Tools Limited
As a holding company, HMT Ltd. manages the tractors business directly and entirely as it does with the 1st four companies of the following list. In case of the last two, HMT enjoys a holding percentage of 97.25 and 51 respectively.
Besides, Hindustan Machine Tools Limited has 18 manufacturing units. HMT's tractor business commenced its operations in 1971 in technical collaboration with M/s Motokov of Czechoslovakia. HMT started the operation with the manufacture of 25 horse-power tractor at the manufacturing plant in Pinjore,Haryana.
Board of Directors
S Girish Kumar, Chairman & Managing Director
S K Bahri, Director
HMT Registered Address
59, Bellary Road,
Last Updated on May 26, 2015