Lakshmi Machine Works was set up in 1962 in order to provide the latest technologically advanced spinning machinery to the textile mills of India. Since then, Lakshmi Machine Works Ltd. has become the topmost manufacturer of textile machinery in India.
The company ranks 3rd in the world among companies that manufacture spinning machinery.
Lakshmi Machine Works produces equipment that supports all the processes of textile such as bale plucking, spinning, mixing, carding, and cleaning. The company has a business unit that is engaged in the production of important components and accessories for the wide range of machinery that it manufactures. The manufacturing units of Lakshmi Machine Works Company manufacturing are equipped with all the latest and highly technologically advanced gazettes. As a result, the products manufactured by the company are of the best quality.
Lakshmi Machine Works foundry produces precision castings and is the only company outside Europe and in Asia to manufacture for original equipment for Mikron, Switzerland. Lakshmi Machine Works has a market share of around 60% in the spinning machinery textile industry in India. In order to further improve the quality of its products, the company has an R&D center which is engaged in finding simple, superior, and reliable technology.
The total income of Lakshmi Works Machine Ltd. amounted to Rs. 3871.55 million in 2005-2006 and the next year this figure stood at Rs. 5006.25 million. The gross profit of the company amounted to Rs. 355.17 million in 2005-2006 and the next year, this amount increased to Rs. 492.59 million. This shows that Lakshmi Machine Works has witnessed a definite growth in its profit levels.
Lakshmi Machine Works has become the leading company in its sector on the basis of the quality of its products. It has won several awards for its business procedures and performances. Some of these awards are enlisted as under:
- Highest export turnover in Textile Spinning Machinery (2005 -2006)
- Among the top 3 technology suppliers of integrated spinning solutions
- It is the top exporter of textile spinning machinery
- For more than 10 years, the company has won the Top Exporter Award for its textile spinning machinery from the Engineering Export
- Promotion Council and Federation of Indian Textile Engineering Industry.
- It was the recipient of the All India Export Award Gold Trophy (Medium Enterprise) conferred by the Engineering Export Promotion Council, Kolkata.
