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Old April 3rd, 2016, 10:11 AM
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Default Re: Company profile of HMT watches

HMT Limited, formerly Indian Tool, is a state-owned manufacturing company under the Ministry of Heavy Industries and Public Enterprises in India.

Company profile of HMT watches

HMT was entrusted the vital task of building machine tools and in 1953 the first Machine tool factory was set up in Bangalore.

In 1961, Government of India entrusted the job to HMT due to its capability, name and fame amongst the public sectors.

HMT set up a watch manufacturing Unit at Bangalore in collaboration with M/s Citizen Watch Co., Japan in 1961.

As the first manufacturer of Wrist watches in the country, HMT successfully absorbed the totally new precision manufacturing technology for mass production, and assembly of micro sized components.

This tryst with ‘firsts’ continued and led to launch of India’s first Automatic Day-Date watch , first Quartz watch , first Braille watch, first Ana-Digi watch and so on.

In 1972, Watch factory II was set up alongside the Bangalore Factory to manufacture Automatic Day Date Watches with Japanese Technology.

Watch factory III was set up at Srinagar in 1972 with the entire Technical Knowhow from HMT engineers.

In 1975, Watch factory at Bangalore was further expanded to manufacture Main Spring, Hair spring and Shock absorber components.

By this, HMT totally acquired the technology of Mechanical Watch making.

Operating units

HMT 1811 tractor

HMT Limited has 18 manufacturing units.

The constituent subsidiaries are given below while the holding company retains the tractors business group.

HMT’s tractor business commenced its operations in 1971 in technical collaboration with M/s MOTOKOV, Czechoslovakia.

HMT started the operation with the manufacture of 25 HP tractor at the manufacturing plant in Pinjore, Haryana state.

Over the years, it has developed tractors ranging from 25 HP to 75 HP.
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