Lakshmi Machine Works (original) (raw)
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Textile machinery company
LMW Limited
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|---|---|
| Company type | Public |
| Traded as | NSE: LAXMIMACHBSE: 500252 |
| 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$290 million) (2017)[1] |
| Net income | ₹1.80 billion (US$21 million) (2017)[1] |
| Total assets | ₹23.67 billion (US$280 million) (2017)[1] |
| Total equity | ₹15.58 billion (US$180 million) (2017)[1] |
| Number of employees | 5000+ |
| Website | https://www.lmwglobal.com/, |
LMW Limited (formerly Lakshmi Machine Works 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 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-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.
- ^ 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.
- LMW-Rieter Joint Venture Ends
- Textool and LMW Merger
- LMW Limited - Company History On The Economic Times Website
- ^ S, Sendhil (15 October 2024). "Laser Cutting Services in Coimbatore". Universal Machine Works.