HMT (Hindustan machine and tools)

kalamassery

COMPANY PROFILE
INDRODUCTION:

By the era of the Second World War, the Government of India was confronted
by a big problem of disposing the colossal war waste. Ultimately, a committee
was constituted to inquire into the possibilities. The committee report of 1948
proposed the establishment of a government owned machine tools industry.
This was expected to fulfill two aspects – the first being utilization of the Rs.
4000 million worth of metallic waste and the second being the incorporation of
a state-owned infrastructure manufacturing facility. The result was the birth of
the Hindustan Machine Tools Limited, which diversified in due course of
time to their present status of the multi-core, multi-location, multi-unit, and
multi-product industrial giant HMT Ltd.

INCEPTION OF HMT Ltd:

The HMT Ltd was started as a single factory to produce tool room lathes at
Bangalore in collaboration with M/s Oerlikon of Switzerland in 1953, with a
capacity to manufacture around 400 machines per year. Since then, different
collaborations in research and development and tremendous marketing efforts
brought HMT to its present status. The growth of HMT Ltd was characterized
by the forward and backward integration of technology and product
diversification. Thus, the company that started with manufacturing and selling
lathes expanded its machine tools product range to evolve as the ultimate
solution in metal cutting. The product diversification efforts took the company
to the business of watches in 1962, tractors in 1971, die-casting and plastic
machinery in 1971, printing machinery in 1972, presses in 1972, lamps and
lamp making machinery in 1972, food processing machinery in 1980, CNC
systems in 1986, ball screws in 1986 and reconditioning in 1990.

MANAGEMENT:
 The company is governed by a Board of Directors and is represented by the
government in the board. The administrative control of the company is by the
Department of Heavy Industry under the Ministry of Industry.

PRESENT SCENARIO:
Today, HMT Ltd has its manufacturing units with 22 product divisions spread
through the length and breadth of India. A subsidiary, viz. HMT International
Ltd undertakes the exports of the company. They are also the export agents for
several other Indian companies. HMT Ltd was restructured in 1992 to
facilitate better administration of the multi-product business activities.
Accordingly, the following business groups were established :
 Machine Tools Business Group to concentrate on metal cutting machines
Industrial Machinery Business Group to deal with printing machinery, die-casting and plastic
injection molding machines, food processing machines and metal forming machines

 Agricultural Business Group to concentrate on tractors

 Engineering Components Business Group to deal with casting and ball screws

 Consumer Product Business Group to deal with watches and lamps in addition
to these Business Groups, the company has three subsidiaries as follows:

 HMT (International) Ltd: which undertakes overseas projects and exports

 Parga Tools Ltd: which manufactures Machine Tools

 HMT Bearings Ltd: which manufactures Precision Bearing in

collaboration with M/s Koyo, Japan

As per the revival plan of this public sector industry, a turnaround plan
was introduced in the early days of this millennium. It was reorganized as a
holding company, HMT Ltd, including a Tractor Division and presently consists
of the following subsidiaries:

 HMT Machine Tool Ltd

 HMT Watches Ltd
 HMT Chinar Watches Ltd
 HMT Bearings Ltd
 HMT International Ltd
 Praga Tools Ltd
FUCTIONAL AREAS:

THE VARIOUS DEPARTMENT OF HMT ARE AS FOLLOW:

1. HUMAN RESOURCE DEPARTMENT

2. FINANCE DEPARTMENT
3. PUBLIC RELEATIONS DEPARTMENT
4. PURCHASE DEPARTMENT
5. MANUFACTURUNG DEPARTMENT
6. SALES DEPARTMENT
7. PMK MANUFACTURING
8. SAFETY DEPARTMENT
9. FOUNDARY DEPARTMENT
10.STORES DEPARTMENT
11.QUALITY DEPARTMENT
12.PLANT SERVICE DEPARTMENT
13.PLANNING DEPARTMENT
14.CORPORATE PLANNING DEPARTMENT
15.MTK ASSEMBLY DEPARTMENT

WHAT DO YOU LERNED TILL NOW?

From 13/9/2021(MONDAY) I started visiting HMT Ltd. Each day I visit one
department of the company and study the function and purpose of the
department. I visited HUMAN RESOURSE DEPARTMENT, FINANCE
DEPARTMENT, SALES DEPARTRMENT, PLANNING DEPARTMENT, PURCHASE
DEPARTMENT IN 6 DAYS. By visiting each department of company, we can
understand the responsibly and functions take place their and also how the
employees work for development of the product. I refer and study the
reference files and reports given by the company which has a detail report of
every minuet thing happened inside the company.

FINDINGS:
  Most companies talk about social responsibility, but, do not practice
it in their environment. But HMT LIMITED is one of those few
companies that practices social responsibility.
 Temporary employees are given regular training program.
 Presently company is not able to take bulk orders.
 The salary of the workers is not sufficient.
 Salary pay scale is not improved after 1990’s.
 Fresh recruitments are not going well; majority of workers on
shopfloor is working for daily wages and on sub- contract basis.
 Punching card system is used for attendance.
 Resources are not fully utilized.
 There is a lack of career growth opportunity in the company.

REMAINIG LERNING AREA!!

Remaining days I will visit the other departments of Hindustan machine Ltd.
The department as follow:

 PUBLIC RELEATIONS DEPARTMENT

 MANUFACTURUNG DEPARTMENT
 STORES DEPARTMENT
 CORPORATE PLANNING DEPARTMENT
 MTK ASSEMBLY DEPARTMENT