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59.92.31.97 at 03:30, 4 July 2021

2021-07-04T03:30:27Z

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{{Use dmy dates|date=February 2018}}
{{Use Indian English|date=February 2018}}
{{multiple issues|
{{original research|date=November 2014}}
{{Cleanup rewrite|date=May 2020}}
{{More citations needed|date=May 2020}}
}}
{{Infobox company
| name = Lakshmi Machine Works Limited
| logo = File:Lakshmi_Machine_Works.png
| type = [[Public company|Public]]|
| foundation = 1962
| location = [[Periyanaickenpalayam]], [[Coimbatore]], [[Tamil Nadu|TN]], [[India|IN]]
| key_people = Sanjay Jayavarthanavelu <br>(Chairman & Managing Director)<br><br>R. Rajendran <br> (Director Finance)
| industry = [[Textile]], [[Machine tool]], Steel & GI [[Foundry]], [[Aerospace]], [[defence (military)|Defence]]
| products = Textile Machinery, Machine Tool, Windmill, Automotive, Earth-mover equipment etc.
| revenue = {{INRConvert|25.00|b}} (2017)<ref name="eazytaxindia1">[https://www.eazytaxindia.com/financial-results-of-lmw-for-the-ay-2017-18/ ]{{dead link|date=February 2021}}</ref>
| operating_income =
| profit = {{INRConvert|1.80|b}} (2017)<ref name="eazytaxindia1"/>
| assets = {{INRConvert|23.67|b}} (2017)<ref name="eazytaxindia1"/>
| equity = {{INRConvert|15.58|b}} (2017)<ref name="eazytaxindia1"/>
| num_employees = 5000+
| homepage = https://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 [[Periyanaickenpalayam]] in [[Coimbatore|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.

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.{{cn|date=January 2021}}

LMW's Global presence has grown over the years, with a market presence not only in developing countries, but also in Europe.

Its Textile Machinery Division was awarded the [[Confederation of Indian Industry]] Most Innovative Company of the Year for 2020.<ref>{{cite news |author=PTI |date=12 December 2020 |title=Coimbatore-based LMW bags 'Most Innovative Company of the Year 2020' award |url=https://www.newindianexpress.com/business/2020/dec/12/coimbatore-based-lmw-bags-most-innovative-company-of-the-year-2020award-2235354.html |newspaper=The New Indian Express |accessdate=26 January 2021}}</ref>

In the year 2010, LMW - Advanced Technology Centre (ATC) added to their formidable manufacturing resources, a new plant to produce critical components and sub-assemblies for Aerospace industry and it is a one stop solution to the Aerospace customer. In terms of infrastructure and capability, ATC has world class facilities includes Quality Assurance aligning to AS9100 D certification and NADCAP for special process viz Chemical Process, NDT, Welding and Heat treatment totalling more than 25 special processes. ATC has tied up projects with major OEMs & Tier 1’s in US, Europe and various divisions of Hindustan Aeronautics Limited as well as Defence Research Development Organization.

==References==
{{reflist}}

==Sources==
{{Refbegin}}
* [http://articles.economictimes.indiatimes.com/2011-04-02/news/29374541_1_lakshmi-machine-works-lmw-cfo-r-rajendran-textile-machinery-plant LMW-Rieter Joint Venture Ends]
* [http://www.financialexpress.com/news/textool-lmw-may-merge/88902/ Textool and LMW Merger]
* [http://economictimes.indiatimes.com/lakshmi-machine-works-ltd/infocompanyhistory/companyid-13443.cms Lakshmi Machine Works - Company History On The Economic Times Website]
* [https://web.archive.org/web/20130712005817/http://www.lakshmimach.com/contact.html Lakshmi Machine Works - Contact Page]
{{Refend}}

[[Category:Textile companies of India]]
[[Category:Spinning]]
[[Category:Textile machinery manufacturers]]
[[Category:Companies based in Tamil Nadu]]
[[Category:Companies based in Coimbatore]]
[[Category:Manufacturing companies established in 1962]]
[[Category:Indian brands]]
[[Category:Textile industry in Tamil Nadu]]
[[Category:Indian companies established in 1962]]
[[Category:1962 establishments in Madras State]]

Lakshmi Machine Works - Revision history

MuoiBraley9009: Page refined with updated information

59.92.31.97 at 03:30, 4 July 2021