Hindustan Machine Tools was Incorporated in 1953 by the Government of India as a Machine Tool manufacturing company. Over the years diversified into Watches, Tractors, Printing Machinery, Metal Forming Presses, Die Casting & Plastic Processing Machinery, CNC Systems & Bearings. Successful technology absorption in all product groups through collaborations with world renowned manu- facturers & further strengthened by continuous inhouse R&D. Today, HMT comprises six subsidiaries under the ambit of a Holding Company, which also manages the Tractors Business directly.

Founded:     1953
Headquarters:     Bangalore
Key people:     M.S. Zahed (Chairman and Managing Director)
Industry:     Engineering
Products:     Machine Tools, Tractors, Watches
Website:     www.hmtindia.com

HMT Limited has 18 manufacturing units.The constituent subsidiaries of HMT Limited are as below while the holding company retains the Tractors Business Group.

HMT Machine Tools Limited (100% Holding)

HMT Watches Limited (100% Holding)

HMT Chinar Watches Limited (100% Holding)

HMT International Limited (100% Holding)

HMT Bearings Limited (97.25% Holding)

Praga Tools Limited (51.00% Holding)

HMT’s Tractor business commenced its operations in 1971 in technical collaboration with M/s MOTOKOV, Czechoslovakia Republic. Initially, HMT started the operation with the manufacture of 25 HP Tractor at the manufacturing plant established in Pinjore, Haryana State.

Over the years, it has developed Tractors ranging from 25 HP to 75 HP.