Lokesh Machines Ltd. was incorporated as a public limited company on December 17, 1983 in Hyderabad under the Companies Act, 1956 and obtained certificate for commencement of business on February 9, 1984. The company was promoted by Mr. M Lokeswara Rao, who started this company after gaining significant insights into the nuances of machine and machine tool manufacturing during his stint of over 16 years as a shop-floor executive of HMT Ltd.
They operate in the machine tool industry. They have strong backing of promoters with over three decades of experience in the machine tool industry. Their professional team is richly experienced in design, development, production, supply of machine tools, jigs, fixtures and accessories needed for precision engineering. This highly charged team’s commitment has won them various clients.
LML achieved a significant breakthrough by winning a prestigious turnkey order from M/s John Deere, Pune for their green field tractor project for supply of total manufacturing line for cylinder blocks, against stiff competition.
LML has also bagged a prestigious export order from M/s FPT Industrie Spa of Italy, for supply of milling and boring machines and successfully supplied over 35 machines and made its presence in the European markets. This order was a stepping-stone for the company in fulfilling its strategic initiative of becoming an exporter of machine tool products from India. Recently LML has also supplied about eight machines to Honda Motor cycles and scooters, Japan for their Indian requirement. LML had developed machines and supplied to HOWA, Japan under a long term contract and to Italy and the turnover from exports during the year 2004-05 was Rs.598 lakhs.
The company also entered the auto component segment by setting up dedicated lines of machines for manufacture and supply of cylinder blocks for Mahindra & Mahindra Limited (M&M) for their tractor, jeep and Scorpio divisions.
Technical partners of the company:
- SCMS, Japan
- AVM Angelini- Italy.
- Wenig Wemas, Germany
- IMT Intermato, Italy
Product range of the company includes:
Special Purpose machine
- Duplex Milling
- Simplex Milling
- Multi Spindle Drilling
- Multi Spindle Tapping
- Gun Drilling
- Fine Boring
- Broaching & more
Transfer Line
- Linear Transfer Lines
- Shuttle Type Transfer Lines
- Auto Transfer Lines
- Rotary Transfer Lines
Auto Component- The company specialize in supply of machine tools and accessories.
Milestones:
- 1983-84 - Incorporation of the company- Certificate of Commencement of Business
- 1988-89 - Entry into auto market, order received from Bajaj Auto.- company achieves landmark of Rs. 1 crore turnover.
- 1994-95 - Turnover exceeds Rs. 5 crores for the first time- formation of auto component division.
- 1995-96 - Contract signed with Mahindra & Mahindra for machining cylinder blocks(1st line)- Bagged orders from Ashok Leyland and Escorts for SPMs- Investment in the shares of the company by Gujarat Venture Finance Ltd.
- 1996-97 - Crossed landmark of Rs. 10 crore turnover.
- 1997-98 - Formation of CNC Division.- Bagged orders for CNC Lathes from Bharat Forge
- 1998-99 - Formation of countrywide Dealer Network for CNC Division- Turnkey Contract signed with L & T John Deere Ltd. for total cylinder block semi automatic line supply
- 1999-2000 - Crossed the landmark of Rs. 20 crores turnover- Bagged and executed the first export order
- 2000-01 - Signed contract for machining 2nd and 3rd machining line for Mahindra &Mahindra Cylinder Blocks
- 2002-03 - Best Exporter Award from Dr Sir M Visveswaraaiah Industrial Awards in the year 2001
- 2003-04 - Japanese Auto major Honda Motors placed order with the company for supply of CNC machines to its Indian company.- Tie up with Howa Machine Corporation Japan for manufacture of High Speed Vertical Machining Centre for re-export.- Rs. 50 crore turnover achieved.- Certification for ISO 9001-2000 received for Machine Tool Division and QS - 9000 for Auto Components Division
- 2004-05 Export of 2 machines to AVM Angelini, Italy- Doubled capacity for supply of cylinder blocks to Mahindra & Mahindra.- Export orders bagged for 25 machines valued at 375,000 Euro
- 2005-06 - Bagged confirmed export orders for 42 machines valued at 630,000 Euro- Contract finalized with M/s Wenig-Wemas for export of lathes and VMCs to Europe- Recommendation obtained for TS-16949:2002 certification for quality management system for machining of automotive components.