Company profile
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HMT was established in 1953 in Bangalore, India to manufacture machine tools. It later diversified into other business units including watches, lamps, tractors, bearings, and other industrial machinery. One of HMT's tractor manufacturing facilities was established in Pinjore in 1963. The Pinjore factory manufactures over 20,000 tractors per year through various production shops that machine and assemble tractor components.
Company profile
- 1. COMPANY PROFILE After Independence, the need of Industrial and Social economic growth was felt and along with various projects by the Government, came into existence THE Company Named HMT, Hindustan Machine Tools in 1953 at Banglore, Karnatka for the manufacturing of Machine tools.The constantly growing demand for machine tools promoted the company to conceive a planned approach to diversification and expansion , which resulted in setting up units all over India. HMT Limited is diversified into the following business groups: 1. MACHINE TOOLS BUSINESS MACHINE TOOLS GROUP 2. CONSUMER PRODUCT WATCHES & LAMPS BUSINESS 3. TRACTOR BUSINESS GROUP TRACTORS 4. INDUSTRIAL BUSINESS GROUP BEARING, PRINTING MACHINES, DIE- CASTING, PLASTIC INJECTION, MOULDING MACHINES, DAIRY MACHINERY CORPORATE VISION & MISSION CORPORATE VISION To be a leading GLOBAL ENGINEERING CONGLOMERATE Focused on CUSTOMER DELIGHT In our fields of endeavour. CORPORATE MISSION To establish ourselves as one of worlds premier companies in the engineering field having strong international competitiveness. To achieve market leadership in India by ensuring customer satisfaction by supplying internationally competitive products and services.
- 2. To achieve sustained growth in the earning of the group on behalf of the shareholders. HMT LIMITED, PINJORE On OCTOBER 23rd , 1963, then Prime Minister Pt. Jawahar Lal Nehru declared open the 3rd unit of HMT factory at Pinjore, situated 22kms from Chandigarh. This factory was designed , built and commissioned by Indian talent, without any foreign collaboration, in record period of 17 months, at a capital investment of Rs. 75 lacs. HMT established Tractor plant at Pinjore, in 1971, to provide impetus to the countrys green revolution. To begin with, it started assembly of 25 H.P Tractor in collaboration with M/s Motokov of Czecholoslovakia , manufacturer of Zetor model of tractor. Pinjore was selected for the project because it was within the high density crop producing region , providing immediate market vicinity. To look after the foreign assignments of the Company, HMT (I) was formed at Banglore , Karnatka. HMT Pinjore has a capacity of manufacturing over 20000 thousand tractors per year. The company has a assembly unit at Hyderabad where 35 HP tractors are assembled through CKD and SKD from Pinjore. The tractor project started earning profits in 3years and with complete indigestion and increase in production, more capital investment was done in manufacturing shops. In TRP ( Tractor production), HMT has the following shops to manufacture various tractor components and assembly of tractors: LIGHT MACHINE SHOP o AUTO SHOP o GEAR SHOP o H.T SHOP HEAVY MACHINE SHOP ENGINE SHOP o OLD ENGINE SHOP o CNC SHOP ENGINE ASSEMBLY & LINES TRACTOR ASSEMBLY & LINES PAINT SHOP