It was in the early post independence era that, HMT began in a small way to meet a big commitment;

'To manufacture mother machines to build modern industrial India'.

HMT was conceived by the Government of India in 1949, and was incorporated in 1953, with the objective of producing a limited range of machine tools, required for building an industrial edifice for the country.

THE 1960s:

With the success achieved in the initial years in absorbing the technology and in attaining production competence far ahead of the original plans, the Company launched a bold plan of diversification and expansion which resulted in the duplication of the Bangalore Unit and the setting up of new units at Pinjore, Kalamassery and Hyderabad.

Pinjore	Kalamassery	Hyderabad

In 1967, recession struck the Indian Engineering Industry and the consumption of machine tools dipped drastically. The traumatic years of recession did indeed serve to bring to the fore two latent strengths of HMT, namely, the urge to survive and the confidence to innovate. With these strengths at full play, the Company emerged from the recession:

	With the world's widest range of machine tools and associated services under a single corporate entity.
	With action plans firmly launched for diversification into Presses and Press Brakes, Printing Machines, Die Casting and Plastic Injection Moulding Machines, that were considered to have economic cycles that are different from those of machine tools.
	With export markets of enormous potential under active development.

THE 1970s:

The '70s witnessed the fructification of all the diversification plans as envisaged.

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HMT setup

	HMT International Limited as a subsidiary company to channel HMT's products and technical services abroad.
	HMT took over Machine Tool Corporation at Ajmer as its sixth machine tool unit.

THE 1980s:

In the '80s, HMT as a part of vertical integration efforts, launched units to manufacture

• CNC Systems at Bangalore

• Ball screws

THE 1990s:

• Formation of Machine Tool Business Group as part of Business Reorganisation.
• Formation of Central Reconditioning Division at Bangalore.

The New Millennium

Formation of HMT Machine Tools Limited as a wholly-owned subsidiary of HMT Limited.

Consolidation of Bangalore based manufacturing facilities

Merger of Praga Tools Limited, a subsidary of HMT Limited with HMT Machine Tools Limited

The strategic plans of the subsidiary is coordinated by the holding company HMT Limited.

To navigate through the challenges of the new millennium, HMT Machine Tools Limited seeks strategic alliances from global leaders to synergise its own strengths with symbiotic inputs from the partners.

For us, the whole world of opportunities is ahead to emerge as a global engineering conglomerate.