Lakshmi Machine Works

Lakshmi Machine Works LimitedType| Public

|

Industry| Textile, Machine tool, Steel & GI Foundry
Founded| 1962
Headquarters| Periyanaickenpalayam, Coimbatore, TN, India

Key people

| Sanjay Jayavarthanavelu
(Chairman & Managing Director)
R. Rajendran
(Director Finance)
Products| Textile Machinery, Machine Tool; windmill, automotive, earth mover parts etc.
Revenue| ₹25.00 billion (US$350 million) (2017)[1]

Net income

| ₹1.80 billion (US$25 million) (2017)[2]
Total assets| ₹23.67 billion (US$330 million) (2017)[3]
Total equity| ₹15.58 billion (US$220 million) (2017)[4]

Number of employees

| 5000+
Website| https://www.lakshmimach.com

Lakshmi Machine Works Limited (LMW) is India's largest Textile machinery and CNC Machine Tool manufacturers, based in Coimbatore founded by Cavalier Dr. G.K. Devarajulu. It started its operation in 1962 in Periyanaickenpalayam in Coimbatore city with technical collaboration with Swiss-based textile machinery manufacturer Rieter for textile machines and German based Steel and Ammunition major Krupp. In the mid 1980s the company bought over its Coimbatore based longtime rival and much older Textile and engineering giant Textool. The company is promoted and owned by the Lakshmi Mills family. LMW has 60% market share in the domestic Textile Spinning Machinery Industry. LMW diversified into CNC Machine Tools and is a brand leader in manufacturing customized products. LMW's Global presence has grown over the years, with a market presence not only in developing countries, but also in Europe.

Lakshmi Machine Works Limited (LMW)[5], a leading Textile Machinery Manufacturer in India and one among the three in the world to produce the entire range of Spinning Machinery. In 1962, LMW was founded to provide Indian textile mills with the latest Spinning Technology. It caters to the domestic market as well as exports products to the Asian and Oceanic regions.

Textile Machinery Division (TMD)

Founded in 1962, Lakshmi Machine Works (LMW) began its journey by manufacturing textile machinery for textile spinning. Over the years, LMW as a company has registered consistent and sustainable growth, and has deepened its roots in India and the global markets. LMW is continuing to march ahead as the largest manufacturer of spinning textile machinery in India, which in turn is a huge market when seen at a global perspective. Also, LMW is one of the very few companies that are skilled and equipped to manufacture the complete range of spinning machinery from Blow room to the Winder. LMW’s wide range of machinery caters to different applications, and has the capability of processing a wide variety of raw materials too.

With greater efficiency and better return on investment for the customer, LMW has more than 50 million spindlage capacity installed worldwide. With an extensive sales force and service hubs, LMW has emerged as a preferred global partner who provides end-to-end services in the textile machinery world.

Machine Tool Division (MTD)

To diversify operations, LMW collaborated with Japan’s Mori Seiki Co. Ltd to establish the Machine Tool Division in 1988, which is the first of its kind plant in India manufactures CNC Lathes, Machining Centres and Turnmill Centres. Till date, LMW MTD has supplied more than 14,000 CNC lathes and machining centres to a wide customer base spans Automobile industry, Aerospace, Indian Defence, Auto ancillaries, and general engineering industries. In addition to several technology partnerships to upgrade its offerings, LMW MTD has developed its indigenous research capabilities with pride and dedication.

In 1995, LMW joined hands with Mikron, Switzerland for manufacture of CNC Universal Boring and Milling machines for Tool Room. In addition to selling the machines in domestic market LMW had buy back arrangement with Mikron.

In the hugely segmented Indian market for CNC machines where a large number of old and new companies vie for a market share, LMW occupies a special place in the country because of its highest quality, longevity, easiest-to-use machines range, best value for money, and world class customer support. LMW MTD’s dedicated and experienced service team has set desirable track records in attending to customers through both on-site and remote means.

Advanced Technology Center (ATC)

In the year 2010, Lakshmi Machine Works (LMW) added to their formidable engineering manufacturing portfolio, a new plant to produce critical components and sub-assemblies for Aerospace industry focused on Engine, Structural and Sheet Metal parts. LMW Advanced Technology Center (ATC) is one stop solution to the Aerospace customer. In terms of infrastructure and capability, ATC has world class facilities including Quality Assurance aligning to AS9100 D certification and NADCAP for special process viz Chemical Process, NDT, Welding and Heat treatment totaling more than 25 special processes. ATC has on going projects with major OEMs & Tier 1’s in US, Europe and various divisions of Hindustan Aeronautics Limited as well as Defence Research & Development Organization.

Foundry Division

LMW Foundry Division is a part of Lakshmi Machine Works Group, who are in Textile machines, Machine tools and Aerospace parts.

We are an ISO 9001:2015 certified division. Quality Management System is implemented at every stage of casting process – incoming, process control, post processing and final inspection. Qualified and dedicated team of inspection engineers lead the department for manufacture of flawless quality castings.

## References

Notes

Textile Machinery Division www.https://www.lmwtmd.com/

Advanced Technology Centre (ATC) is a one stop solution to the Aerospace customer. In terms of infrastructure and capability, ATC has world class facilities includes Quality Assurance aligning to AS9100 D certification and NADCAP for special process viz Chemical Process, NDT, Welding and Heat treatment totalling more than 25 special processes. ATC has tied up projects with major OEMs & Tier 1’s in US, Europe and various divisions of Hindustan Aeronautics Limited as well as Defence Research Development Organization.

Machine Tool Division www.https://www.lmwmtd.com/

Advanced Technology Center www.https://www.lmwatc.com/

Foundry Division https://www.lmwfoundry.com/

1. ↑ https://www.eazytaxindia.com/financial-results-of-lmw-for-the-ay-2017-18/
2. ↑ https://www.eazytaxindia.com/financial-results-of-lmw-for-the-ay-2017-18/
3. ↑ https://www.eazytaxindia.com/financial-results-of-lmw-for-the-ay-2017-18/
4. ↑ https://www.eazytaxindia.com/financial-results-of-lmw-for-the-ay-2017-18/
5. ↑ "Lakshmi Machine Works Limited". https://www.lmwglobal.com/.

Sources

* LMW-Rieter Joint Venture Ends
* Textool and LMW Merger
* Lakshmi Machine Works - Company History On The Economic Times Website
* Lakshmi Machine Works - Contact Page

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