Corporate Profile

  

HMT Limited - Holding Company

Citizens' Charter 
(Holding Company)
(Tractors' Business)

HMT Limited, with a diverse range of products, over 18 manufacturing units and a countrywide well established marketing network restructured its various businesses into different subsidiaries under the ambit of a holding company. The constituent subsidiaries of HMT Limited are as below while the holding company retains the Tractors Business Group.

Sl.No.

Name of Subsidiary

% Holding

1

HMT Machine Tools Limited

100

2

HMT Watches Limited

100

3

HMT Chinar Watches Limited

100

4

HMT International Limited

100

5

HMT Bearings Limited

97.25

6

Praga Tools Limited

51.00

The Holding Company with its Corporate Head Quarters at Bangalore forms the hub for the activities of the different subsidiaries. The Holding Company while ensuring good corporate governance also pursues strategies such as

  • Creation of strategic alliances,
  • Development of brand equity,
  • Provision of strategic planning inputs,
  • Interface with regulatory agencies,
  • Creation and maintenance of data warehouse with suitable corporate informational data for the use of all subsidiaries.

The profile of the Tractors Business Group is as follows.

 

HMTís TRACTORS BUSINESS

HMTís Tractor business commenced its operations in 1971 in technical collaboration with M/s MOTOKOV, Czechoslovakia Republic. Initially, HMT started the operation with the manufacture of 25 HP Tractor at the manufacturing plant established in Pinjore, Haryana State.

Over the years, it has developed Tractors ranging from 25 HP to 75 HP. The company achieved market leadership in tractors by enlarging its range to cover most of the applications for the farming community.

Currently the company has three tractor manufacturing units in India located at Pinjore in Haryana, Mohali in Punjab and Hyderabad in Andhra Pradesh. It has a well equipped R&D Center duly recognized by the Department of Scientific and Industrial Research , the Government of India.

The Tractor Business Group of HMT has been a proud recipient of a number of National Level - Productivity Awards. It has also been certified for ISO-9001 by KEMA, Netherlands.

It has an installed capacity of 18,000 Tractors for manufacturing and assembly operations. It has an in-house marketing organization comprising 17 Area Offices, 11 Stockyards and over 300 Dealers spread across the country. HMT Tractors Group is ably supported by over 40 Ancillary Units. It has qualified and experienced workforce.

HMT has produced and marketed over 3,60,000 Tractors since inception in India and abroad.