Lakshmi Machine Works
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.
| Company type | Public |
|---|---|
Traded as | |
| 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$310 million) (2017) |
Net income | ₹1.80 billion (US$23 million) (2017) |
| Total assets | ₹23.67 billion (US$300 million) (2017) |
| Total equity | ₹15.58 billion (US$200 million) (2017) |
Number of employees | 5000+ |
| Website | https://www.lmwglobal.com/, |
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