About HMT Limited

HMT Limited is a Central Public Sector Enterprise (CPSE) headquartered at “HMT Bhavan”, 59, Bellary Road, Bengaluru – 560 032, with Corporate Identification Number (CIN): L29230KA1953GOI000748, indicating its incorporation in 1953.

The Company’s operating portfolio includes the manufacture and sale of food processing machinery and watches, along with spares and related services. Revenue streams are disclosed under the categories of Food Processing Machinery, Watches, Spares and Accessories, and Sundry Jobs/Miscellaneous Sales.

HMT serves customers across India and abroad — the Chairman acknowledged “esteemed customers in India and abroad” in the latest report. The Group’s international presence was further demonstrated by the execution of a defence export order to Europe, underlining its global footprint.

Subsidiaries and Corporate Structure

As per AOC-1 disclosures, HMT operates through three wholly owned subsidiaries, each with distinct functional roles:

• Machine tools manufacturing,
• International trade operations, and
• (Historically) watch production.

These subsidiaries collectively form the broader HMT Group structure.

Historical Milestones

• 1953: Incorporation of HMT Limited as a Government of India enterprise.
• October 27, 2016: Government approved the closure of the Tractors Division; related assets were subsequently reclassified in accordance with applicable accounting standards.
• October 16, 2018: The Hon’ble NCLT approved a reduction of share capital from Rs. 1,204.09 crore to Rs. 355.60 crore; procedural updates with stock exchanges and depositories are ongoing.
• FY 2022–23: Immovable assets of HMT Watches (under closure) were transferred to HMT Limited at book value. HMT now acts as custodian and will remit proceeds from asset sales to the Government of India, net of applicable expenses and taxes.

Product Portfolio and Demand Trends

Within its operating businesses, HMT reported:

• Food Processing Machinery (FPM): Increasing demand for dairy equipment, notably the Continuous Butter Making Machine used in white butter and ghee manufacturing.
• Watches: Continued production of automatic day-date, quartz, and hand-wound mechanical watches, with output dependent on the availability of mechanical components.

The core business operations remain focused on Food Processing Machinery and Watches, with:

• Watch assembly conducted at the Auxiliary Business Division, Bengaluru, and
• FPM solutions delivered from Aurangabad.
  The Company also undertakes spares supply and miscellaneous services, contributing to total revenue.

HMT Limited Key Management

Name	Designation
Rajesh Kohli	Chairman & Managing Director (Additional Charge)
Sameena Kohli	Director (Finance) (Additional Charge)
Aparna R	Chief Financial Officer
Kishor Kumar S	Company Secretary
Vikas Agarwal, ITS (1997)	Chief Vigilance Officer

 

Latest Updates on HMT Limited

1. IMTEX 2025 Participation
   At IMTEX 2025 (January 23–29, 2025), HMT Machine Tools showcased its strongest-ever presence. The pavilion was inaugurated by the Hon’ble Minister of Heavy Industries & Steel, Government of India. HMT also launched HMT I-Connect, a cloud-based integration platform providing real-time visibility into CNC machine performance.
2. International Order
   HMT Machine Tools received an export order worth Rs. 2.5 crore from a reputed European defence company, strengthening its exposure to global defence manufacturing.
3. Domestic Skill Development Initiatives

• Supplied 62 machines worth Rs. 12.5 crore to the Odisha Skill Development Authority, Bhubaneswar.
• Delivered 20 Stallion-200 CNC machines worth Rs. 9.5 crore to the Directorate of Technical Education and Training, Odisha.

4. Defence Manufacturing in India

• Supplied and commissioned six machines (three SBCNC-30 and three Shell Turn) for bomb shell machining at Ordnance Factory Ambajhari.
• Delivered seven machines (including VTC 1600 and CNC Turning Centre Stallion 200) to the Directorate General of Naval Procurements, Mumbai.

5. Business Operations
   The core entity, HMT Limited, continued its focus on Food Processing Machinery and Watches. The watch business remained active in Bengaluru, while the Aurangabad plant delivered high-demand FPM solutions.
6. Customer Base
   The Group reaffirmed continued engagement with domestic and international customers, reinforcing its position as a trusted industrial partner.

7. Capital Structure
The 2018 NCLT-approved share capital reduction from Rs. 1,204.09 crore to Rs. 355.60 crore has been recorded by the Registrar of Companies, with certain procedural steps pending completion at stock exchanges and depositories for post-listing compliance.

 

Note: All information above is sourced exclusively from HMT Limited’s Annual Report 2024–25 for the year ended March 31, 2025.