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HMT Machine Tools, Ltd. Country: India
59 Bellary Rd., Bangalore - 560 032, Karnataka, India. Phone 91-80-2333-0333.
www.hmtmachinetools.com Brands: HMT Hindustan Machine Tool
Government held. www.hmti.com
Broad line of machine tools incl. turning, milling, drilling, broaching, grinding, gearcutting, diecasting, presses, shears. Founded 1953 by Government of India as Hindustan Machine Tools. Factories in Bangalore, Hyderabad, Ernakulam, Ajmer, and Pinjore. 
Values in Millions
Fiscal Year Ended Mar. 2009 Change Mar. 2008 Change Mar. 2007
Total Revenue, rupees 2,308.6 -15% 2,724.8 -10% 3,022.5
M-T Revenue, rupees 1,991.8 -23% 2,592.5 1% 2,565.5
Pretax Profit (Loss), rupees (396.1) (393.5) (1,149.1)
U.S. $ Conversion Factor 0.02182 0.02484 0.02216
Total Revenue, U.S. $ 50.4 -26% 67.7 1% 67.0
M-T Revenue, U.S. $ 43.5 -33% 64.4 13% 56.9
Pretax Profit (Loss), U.S. $ (8.6) (9.8) (25.5)
Financial Notes:
HMT Machine Tools is 100% held by HMT Ltd., holding company that also owns 100% of HMT Watches, HMT Chinar Watches, export company HMT International, and HMT Bearings; also holds 51% stake in tractor company.