HMT machine tools pvt ltd bangalore Company profile

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a synopsis of HMT machine tools pvt ltd company bangalore

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AN INTERNSHIP REPORT ON ORGANISATION STUDY AT HMT MACHINE TOOLS LIMITED BANGALORE FOR SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF DEGREE IN MASTER OF BUSINESS ADMINISTRATION OF SUBMITTED BY Mr. SOMESHA. M .R REG.NO. 11MECMC026 UNDER THE GUIDANCE OF Ms. POORNIMA P. MBA., Lecturer, AIMSR Aishwarya Institute of Management Studies & Research # 42/65 Jnanaganganagar, Opp. Bangalore university Qtrs, Bangalore-560 056 2011-2013

Industry Profile:

Industry Profile Machine tools were manufactured as early as 1890, but were poor in quality and lacked standardization. After 1930 machine tools of a reasonably good quality began to be produced in India principally by P N DATTA & COMPANY in Calcutta . Cooper engineering works at satara & The Indian Machinery Company at dasnagar near Calcutta. In 1952, the Prime Minister, Jawaharlal Nehru, realized that development of a domestic machine tool organization was key to the strategic & economic growth of the country. Driven this version, a decision was taken to establish machine tools unit in Bangalore & HMT came into existence.

Company:

Company HMT Machine tools ltd HMT Machine Tools Limited, Bangalore Complex, Jalahalli, HMT P.O., Bangalore 560 013

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Hindustan machine tools is a public limited company started in 1955. HMT was incorporated as HMT LTD on 07/03/1953 has branched into 16 factories, 24 divisions and 29,000 employees in 10 different states. Jawaharlal Nehru inaugurated HMT & remarked it as “HMT is gift to country & jewel of country ”. Founder M D SreeKumar, Unit Chief S.Rajaram, General Manager, Bangalore Complex Chief HR manager Mr. Sudhakar B internal guide. The Company was Incorporated in Bangalore. It was converted into a Public Limited Company on May 13, 1977. The main objects of the Company is Manufacturing of the Machine Tools, Metal forming presses and press brakes, pressure die- casting machines and automatic plastic injection moulding machines, Established

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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 HYDERABAD, PINJORE, HARYANA , state. HMT set up two units for manufacture of watches, one at Srinagar and another at Tumkur . Also, they took over Machine Tool Corporation at Ajmer as their sixth machine tool unit. In May 13, 1977. 2004 FIE foundation award for excellence in design at IMTEX 2004 for CNC Surface grinding machine SSG. 2005 HMT inks agreement with ONGC, MRPL HMT in dialogue with Japanese co for muv Awards & achievements

Competitors :

Competitors Micrometric Parishudh - Ghaziabad Delhi- they produce only grinding machines. Elb – Baroda - they manufacture surface grinders. HEC (heavy engineering corporation) – they manufacture heavy duty lathes. Ace designers – Bangalore – they manufacture turning machines. Mico – Bangalore – SPM’s. Kirloskar – Mysore Kirloskar warna – Harihar. BFW – Bangalore.

Product profile:

Product profile Gear Manufacturing m/c Grinding m/c Machining Centre GPMs ( general purpose machine) Turning Machine Die Costing m/c CNC Systems (computer numerical controlled machines)

7 s model adopted in HMT:

7 s model adopted in HMT Implement all the statutory requirements related to receipts storage and dispatch of product. The HMT has introduced three new models the HMT 3022, HMT 3522 and HMT 4511 coastal special have been fitted with fuel efficient engines and heavy duty transmission.(ST) In HMT there is a separate department to plan and control the buying activities in this department the organization has to account for how much raw materials the trucks have to bring. (SYS) Style of the organization is the evident through the patterns of actions taken by the member of the top management team over a period of time.(STY) After a candidate is selected for employment, he is placed on the job. Initially the placement may be on probation, the period of which may extend from six months to one year. (ST) The company has signed a memorandum of understanding (MOU) with M/s Shougang international trade and engineering corporation,(SH) Better training & development activity for improving skills of employees.

SWOT Analysis:

SWOT Analysis STRENGTHS: Good Brand Image . Skilled manpower. Well-established manufacturing unit. Huge infrastructure facilities . WEAKNESSES: Delay in implementing new systems . Management is not given more powers to take timely decisions .

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OPPORTUNITIES : Bulk requirement of machine tools like high speed/automated presses, forging lines etc for defense production. Modernization of railways and plants. Renovation and up gradation of machine tools. Increased export requirement for HMT’s range of metal forming tools in countries like Africa and high technology CNC machines by advanced countries like USA. HMT can deliver its products very faster to the customer by speeding up the production process.

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THREATS: The company has to face severe competition from both international as well as domestic market. Competitors offering high technology machines through collaboration, up gradation of existing products and resorting of flexible prices . MISSION: To established ourselves as one of the world’s premier company in the engineering field having strong international competitiveness. VISION: To be leading GLOBAL ENGINEERING CONGLOMERATE focused on CUSTOMER DELIGHT in our fields of endeavor

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OBJECTIVES: To encourage the modernization of Indian industry through supply of engineering goods & services of world class excellence. To maintain technological leadership through continuous efforts to update production technology & manufacturing methods . QUALITY POLICY: To maintain quality leadership in all products & services. Total customer satisfaction through quality goods & services.

FINDINGS :

FINDINGS HMT machine tool has a regular system for determining unserviceable or damaged stores, raw materials and finished goods. The unit has maintained up to date records and submitted to respective authorities. Majority of respondents perceived HMT as a global player and market leader in developing countries..

SUGGESTIONS & RECOMMENDATION :

SUGGESTIONS & RECOMMENDATION Infrastructure need to be utilized at optimum level. The company need to update its technology so that it can beat the competitors’ price and also produce higher quality products. Machines must be replaced in order to reduce cost of production.

CONCLUSION :

CONCLUSION HMT is a very popular name among every Indian, because of its innovation of technology, quality assurance, durability and its affordable to its customer. HMT has created the brand image that symbolizes machine tools to a manufacturer, tractors to a farmer and watches to millions of people in India.

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