Lakshmi Machine Works
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LMW Limited is India's largest textile machinery and CNC machine tool manufacturers, based in Coimbatore and founded by Dr. G.K. Devarajulu. It started its operation in 1962 in Periyanaickanpalayam 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 mid-1980s the company bought over its Coimbatore based longtime rival and an older textile and engineering giant Textool. The company is promoted and owned by the Lakshmi Mills family.
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| Company type | Public |
|---|---|
| Industry | Textile, Machine tool, Steel & GI Foundry, Aerospace, Defence |
| Founded | 1962 |
| Headquarters | Coimbatore, Tamil Nadu, India |
Key people | Sanjay Jayavarthanavelu (Chairman & Managing Director) R. Rajendran (Director Finance) |
| Products | Textile Machinery, Machine Tool, Windmill, Automotive, Earth-mover equipment etc. |
| Revenue | ₹25.00 billion (US$300 million) (2017)[1] |
| ₹1.80 billion (US$22 million) (2017)[1] | |
| Total assets | ₹23.67 billion (US$280 million) (2017)[1] |
| Total equity | ₹15.58 billion (US$190 million) (2017)[1] |
Number of employees | 5000+ |
| Website | https://www.lmwglobal.com/, |
References
- ^ 1.0 1.1 1.2 1.3 "Financial Results of LMW for the AY 2017-18 – Eazy Tax India". Archived from the original on 18 June 2018. Retrieved 18 June 2018.