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Lakshmi Machine Works
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| File:Lakshmi Machine Works.png | |
| Industry | Textile, Machine tool, Steel & GI Foundry, Aerospace, Defence |
|---|---|
| Founded | 1962 |
| Headquarters | Periyanaickenpalayam, Coimbatore, TN, IN |
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] |
| ₹1.80 billion (US$21 million) (2017)[1] | |
| Total assets | ₹23.67 billion (US$270 million) (2017)[1] |
| Total equity | ₹15.58 billion (US$180 million) (2017)[1] |
Number of employees | 5000+ |
| Website | 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 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.[citation needed]
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.[2]
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.