Lakshmi Machine Works

(Learn how and when to remove this message)
  • NSE: LAXMIMACH
  • BSE: 500252
IndustryTextile, Machine tool, Steel & GI Foundry, Aerospace, DefenceFounded1962HeadquartersCoimbatore, Tamil Nadu, India
Key people
Sanjay Jayavarthanavelu (Chairman & Managing Director)
R. Rajendran (Director Finance)ProductsTextile Machinery, Machine Tool, Windmill, Automotive, Earth-mover equipment etc.Revenue₹25.00 billion (US$310 million) (2017)[1]
Net income
₹1.80 billion (US$23 million) (2017)[1]Total assets₹23.67 billion (US$300 million) (2017)[1]Total equity₹15.58 billion (US$200 million) (2017)[1]
Number of employees
5000+Websitehttps://www.lmwglobal.com/,

Lakshmi Machine Works Limited is India's largest textile machinery and CNC Machine Tool manufacturers, based in Coimbatore 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 & Ammunition major Krupp. In mid 1980's the company bought over its Coimbatore based longtime rival and an older Textile & Engineering giant Textool. The company is promoted and owned by the Lakshmi Mills family.

References

  1. ^ a b c d "Financial Results of LMW for the AY 2017-18 – Eazy Tax India". Archived from the original on 18 June 2018. Retrieved 18 June 2018.

Sources

  • LMW-Rieter Joint Venture Ends
  • Textool and LMW Merger[dead link]
  • Lakshmi Machine Works - Company History On The Economic Times Website