Lakshmi Machine Works

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Lakshmi Machine Works Limited
Public
Industry Textile, Machine tool, Steel & GI Foundry
Founded 1962
Headquarters Periyanaickenpalayam, Coimbatore, 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$370 million) (2017)[1]
1.80 billion (US$27 million) (2017)[2]
Total assets 23.67 billion (US$350 million) (2017)[3]
Total equity 15.58 billion (US$230 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 mid 1980's 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.

References

Notes
  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/
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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