About Lokesh Machines Limited

Lokesh Machines Limited (LML) was established in 1983 and commenced operations in 1985 in Hyderabad, Telangana. The company is a specialist in manufacturing CNC Machines, Special Purpose Machines (SPMs), auto components, and small arms. Its product range includes Finish Cam & Crank Boring, Finish Barrel Boring, Finish Joint Faces Milling machines, along with general-purpose machines such as CNC turning centres, vertical machining centres, and horizontal machining centres.

LML caters to industries such as automotive, agriculture implements, gas turbines, aerospace, defence, medical devices, and railways. It has established a global footprint with exports to Turkey, Italy, the USA, the Middle East, and other regions, supported by a wide dealer network across South Africa, Italy, Turkey, and Bahrain.

The company has collaborated with IIT Madras and RRCAT to develop advanced technologies, including India’s first indigenous Laser-Based Direct Energy Deposition Hybrid Additive Manufacturing Machine. It continues to focus on innovation, import substitution, and diversification across sectors.

As of March 31, 2025, the company operated plants at Hyderabad and Pune with a workforce of 647 employees and reported revenue of Rs 22,832.16 lakh and profit after tax of Rs 53.68 lakh.

Lokesh Machines Limited’s Business Segments

The company operates in three main divisions:

• Machine Tools Division: General Purpose Machines, Special Purpose Machines, and Automation solutions.

• Auto Components Division: Manufacture of niche cylinder blocks and connecting rods.

• Defence Division: Development and supply of indigenous small arms and weapons to the Indian Armed Forces.

Lokesh Machines Limited’s Key Management

The key management team includes:

• Mr. Lokeswara Rao Mullapudi, Managing Director

• Mr. Srikrishna Mullapudi, Whole-time Director

• Mr. Srinivas Mullapudi, Whole-time Director

• Mr. Kishore Babu Bollineni, Whole-time Director

• Mr. Yugandhar Meka, Director

• Mr. Dorairajan Balaji, Director

• Mr. Raman Sekharipuram Seshadri, Director

• Mr. Krishna Swamy Kallahalla, Director

• Ms. Likhitha Mullapudi, Director

• Mr. Gurprit Singh, Company Secretary

• Mr. V. Sudhakara Reddy, Chief Financial Officer

Latest Updates on Lokesh Machines Limited

• Financial Performance: Revenue from operations was Rs 22,832.16 lakh in FY25, compared to Rs 29,353.99 lakh in FY24. PAT declined to Rs 53.68 lakh from Rs 1,384.79 lakh.

• OFAC Sanctions: On October 30, 2024, the company was sanctioned by the U.S. Office of Foreign Assets Control (OFAC), leading to a 22.18% fall in turnover. An application for removal from the sanctions list was filed in January 2025, with further submissions made in August 2025.

• Machine Tools Expansion: Launched new automation and special-purpose machine offerings; plans underway to commercialise 5-axis machines, bigger horizontal machining centres, and Industry 4.0-based additive manufacturing machines.

• Auto Components Division: Business with Mahindra & Mahindra was suspended due to sanctions but new customers were onboarded, diversifying product offerings.

• Defence Business: Delivered 550 indigenous small arms to the Indian Army in September 2024. Secured licence for manufacturing heavy machine guns (12.7mm–30mm) and received DGQA registration for defence production.

• R&D Investments: Spent Rs 46.50 lakh on R&D in FY25, continuing collaborations with IIT Madras and other partners.

• Sustainability: Increased green cover at Hyderabad and Pune plants, invested in sewage treatment plants, and implemented energy conservation initiatives.