What Hindustan Machine Tools does

HMT Machine Tools Limited is an Indian Central Public Sector Enterprise (CPSE), founded in 1953 in Bangalore and operating as a wholly-owned subsidiary of HMT Limited under the Ministry of Heavy Industries, Government of India. The company manufactures one of the world's widest ranges of machine tools under a single corporate entity, spanning CNC and conventional turning machines, vertical and horizontal machining centers, grinding machines (cylindrical, surface, crankshaft, centerless), gear cutting machines (hobbing and shaping), special purpose machines, die casting machines (80–1100 tonnes), mechanical/hydraulic presses, press brakes, and printing machines. Proprietary technology assets include the HINUMERIK family of CNC control systems (2100T, 2000T, 2200T, 3100M, 3100T, 3100G, capable of controlling up to 9 axes and 3 spindles) and a patent-registered stainless steel double-start self-locking and self-aligning ball screw yoke. Manufacturing occurs across six production units in Bangalore, Pinjore, Kalamassery, Hyderabad, Ajmer, and the Praga Division, with combined captive foundry capacity exceeding 6,000 MT per annum.

Revenue is generated primarily through B2B hardware sales to industrial and government customers via a direct enterprise field sales force with 11 regional offices across India. Distribution beyond India is handled by wholly-owned subsidiary HMT (International) Limited, which markets through a global agency network spanning 40+ countries with more than 18,000 machines installed. The company also executes turnkey projects (27 projects across 12 countries) and earns recurring revenue through customer training, refurbishing/retrofitting services, and supply of specialized components, jigs, and fixtures. Customer segments include automotive (Indian Railways Wheel & Axle Plant, Tata Cummins, Bajaj Auto), defence and aerospace (Indian Defence Forces, ISRO, LCA wing assembly fixtures), nuclear, power, and general engineering.

The company is currently in financial distress with accumulated losses of ₹143.06 crore for FY 2024-25 and outstanding liabilities of ₹990.11 crore. HMT Watches — once dominant with over 90% of the Indian market — ceased manufacturing in 2013 after failing to adapt to quartz technology and is being struck off as a subsidiary in January 2026. The government's revival plan is in its final stages under a high-level committee chaired by former NITI Aayog member Dr. VK Saraswat, with potential land monetization (430 acres in Bengaluru valued at ₹15,000 crore but contested by Karnataka Forest Department), financial relief, and a strategic pivot toward advanced manufacturing for ISRO and other strategic sectors.

Name

Hindustan Machine Tools

Legal name

HMT Machine Tools Limited

Website

https://hmtmachinetools.com

Company type

Private

Founded year

1953

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

HMT Machine Tools Limited is an Indian government Central Public Sector Enterprise manufacturing CNC and conventional machine tools — turning, grinding, machining centers, gear cutting, die casting, and presses — across six Indian facilities, serving automotive, defence, aerospace (including ISRO), railways, and nuclear customers domestically and in 40+ countries via export subsidiary HMT International.

Ownership category

akta.pro rank

Product category

Industrial Machine Tools

NAICS

Machine Tool Manufacturing (333517), Machinery Manufacturing (333)

SIC

Machine Tools, Metal Cutting Types (3541), Printing Trades Machinery & Equipment (3555)

akta.pro primary industry

CNC Machine Tools (Turning, Milling, Machining Centers) (IMAHADAA)

akta.pro secondary industries

Metal Forming & Fabrication Machines (Presses, Bending, Shearing, Stamping) (IMAHADAC), Spindles & High-Speed Drives (Machine Tool Spindles, High-speed Motors) (IMAGACAL)

Keywords

• Machine tool manufacturing
• CNC machining systems
• Industrial grinding machinery
• Precision metal forming
• Capital goods engineering

Headquarters

HQ city

Bellary

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain, Others

Revenue model

1. Machine Tools Manufacturing and Sales: HMT generates revenue through manufacturing and selling machine tools including CNC machines, grinding machines, turning machines, machining centers, gear cutting machines, and special purpose machines to industrial customers
2. Export Operations: Revenue generated through exports via subsidiary HMT (International) Limited, which markets products through global network extending over 40 countries
3. Aftermarket Services: Service outlet at customer doorsteps in major industrial locations, customer training programs, and specialized components/jigs/fixtures supply
4. Turnkey Projects: HMT(I) executes turnkey projects from concept-to-commissioning in India and abroad, with over 27 projects implemented in 12 countries

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

HMT manufactures and sells industrial machine tools including CNC and conventional turning machines, machining centers, grinding machines, gear cutting machines, special purpose machines, die casting machines, presses and press brakes, and printing machines, supported by proprietary HINUMERIK CNC control systems and precision ball screws. The company operates six manufacturing units across India with captive foundry capacity and offers turnkey project execution, aftermarket services, refurbishing, retrofitting, and exports to over 40 countries through HMT (International) Limited.

Product overview

HMT Machine Tools is a multi-unit, multi-location Indian public sector undertaking manufacturing industrial machine tools. The portfolio centers on CNC and conventional machine tools including turning machines, machining centers, grinding machines (cylindrical, surface, crankshaft, centerless), gear cutting machines, special purpose machines, die casting machines, presses/press brakes, and printing machines. Supporting products include proprietary HINUMERIK CNC control systems and precision ballscrews. The company also offers refurbishing and retrofitting services. Manufacturing is conducted across six units in Bangalore, Pinjore, Kalamassery, Hyderabad, Ajmer, and Praga Division. HMT operates as a wholly-owned subsidiary of HMT Limited (holding company), alongside other subsidiaries including HMT Watches and HMT (International) for exports.

Differentiator

Problem solved

Functional benefit

Products and services

• Turning Machines CNC and non-CNC lathes including flat bed lathes, slant bed lathes, CNC chuckers, CNC bar turning centres, multispindle automats, and CNC trainer lathes for precision turning operations. Sold to industrial manufacturers across automotive, defence, and general engineering sectors.
• Machining Centres CNC machining centres including vertical machining centres, horizontal machining centres, die & mould machining centres, CNC tool room milling machines, drilling & tapping centres, training machining centres, and CNC milling machines. Used by industrial manufacturers for complex component production.
• Grinding Machines Comprehensive grinding solutions including cylindrical CNC/non-CNC, crankshaft CNC/non-CNC, surface CNC/non-CNC, rotary surface CNC, internal CNC, centerless CNC/non-CNC, universal CNC, double disc CNC, thread & worm grinders, tool & cutter grinders, roll camber grinders, and special purpose grinders for precision finishing.
• Gear Cutting Machines Gear processing equipment including CNC and non-CNC gear hobbing machines and CNC gear shaping machines for precision gear manufacturing used by automotive and industrial gear producers.
• Special Purpose Machines Custom-built machines for specific industrial applications including double-ended facing & centering machines, fine boring machines, multispindle drilling machines, and various other specialised SPMs designed per customer requirements.
• Die Casting Machines Cold chamber pressure die casting machines in horizontal type with capacities ranging from 80 to 1100 tonnes for metal casting operations serving automotive component and general casting manufacturers.
• Presses and Press Brakes Mechanical presses including gap frame presses and extrusion presses, hydraulic press brakes (conventional and CNC), and hydraulic shears for metal forming operations used by sheet metal fabricators and automotive panel manufacturers.
• Printing Machines Sheetfed offset printing machines available in single, two, four, and five colour configurations, plus programmable paper guillotines for finishing operations, marketed to commercial printing and packaging industries.
• HINUMERIK CNC Control Systems Proprietary HINUMERIK CNC control systems (models 2100T, 2000T, 2200T, 3100M, 3100T, 3100G) and SINUMERIK systems capable of controlling up to 9 axes and 3 spindles across turning, milling, drilling, boring, machining centre, grinding, and special purpose machine applications.
• Precision Ballscrews High-precision recirculating ball screws in diameters 16-80mm with various leads, up to 3500mm length, featuring efficiency over 90% and patent-registered stainless-steel double-start self-locking and self-aligning yoke design for CNC machine tool manufacturers.
• Broaching, Drilling & Milling Machines Broaching machines, double column CNC coordinate drilling & tapping machines, knee type milling machines, radial drilling machines, tool room milling machines, and column drilling machines for general metalworking operations.
• Refurbishing and Retrofitting Services Machine tool reconditioning, refurbishing, and retrofitting services for extending equipment life and modernising legacy machinery, offered to existing industrial customers with installed HMT equipment.
• Turnkey Projects (via HMT International) Concept-to-commissioning turnkey project execution in India and abroad, with over 27 projects implemented in 12 countries. Includes consultancy, technology transfer, and integrated plant setup.

Quantifiable outcome

• Over 100,000 machine tools on par with international standards in quality and performance manufactured by HMT are in use all over India
• +2 more outcomes

Named customers8 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• NMT, NigeriaminorStrategic or Co-development PartnerJoint venture for manufacture of machine tools in Nigeria

Scale indicators7 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Bharat Fritz Werner (BFW): Indian CNC machine tool maker specializing in VMCs, HMCs and machining centers. Bids against HMT in the same Indian automotive and capital-goods OEM accounts with parallel CNC platform offerings.
• Ace Manufacturing Systems: Indian precision machine tool builder focused on VMCs, turning centers and SPMs. Direct domestic competitor to HMT across mid-volume CNC turning and machining-center segments.
• Jyoti CNC Automation: India's leading indigenous CNC machine tool manufacturer producing turning, milling and machining centers. Competes directly with HMT in domestic automotive and general engineering bids with overlapping CNC product lines.

Broad incumbents

• Mazak: Yamazaki Mazak is a leading Japanese multi-axis CNC machine tool maker active across India. Comparable product portfolio (CNC turning, machining centers, hybrid multi-tasking machines) and competes for the same Indian tier-1 OEM business as HMT.
• Okuma Corporation: Japanese CNC machine tool manufacturer with broad product coverage including turning, machining centers and grinders. Sets the global technology standard that HMT's HINUMERIK and machine platforms must compete against.
• Makino Milling Machine: Japanese specialist in horizontal machining centers and die/mold machining. Comparable to HMT's machining center line and relevant competitor in high-precision aerospace and die/mold work.
• Haas Automation: US-based CNC machine tool maker dominant in entry-level and mid-market VMCs/turning centers. Competes with HMT in general engineering and job-shop segments across India on price/performance.
• DMG Mori: Global market leader in CNC turning and milling machines with a strong Indian installed base. Competes with HMT for premium automotive and aerospace contracts; benchmark for what an internationally competitive CNC platform looks like.
• EMAG Group: German manufacturer of CNC turning, grinding and gear-cutting machines, strong in automotive powertrain applications. Overlaps with HMT's turning, grinding and gear hobbing/shaping portfolio for Indian automotive customers.

Regional players

• Godrej & Boyce (Machine Tools): Indian conglomerate with a machine tools division producing CNC turning/machining centers and storage solutions. Competes with HMT in domestic industrial accounts and is a relevant Indian alternative for buyers seeking non-PSU suppliers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/hmtltd?lang=en
• Facebookfacebook.com/hmtlimitedwatches
• Instagraminstagram.com/invites/contact/?i=1uzf5oe9r0n53&utm_content=kox8zyr
• LinkedInlinkedin.com/company/hmt-machine-tools-ltd-pinjore

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hindustan Machine Tools