- The Machine Tool Division at HMT Bangalore was the oldest manufacturing unit of the Company and the product lines consist of 16 types of metal working machines. The Die Casting Division was set up for the manufacture of Die Casting and Plastic Injection Moulding machines in technical collaboration with Reifenhaeuser GmbH & Co. of West Germany.

1961 - The Watch Factory at Bangalore had two operating divisions the Watch Factory Division: set up during the year in technical collaboration with Citizen Watch Co. Ltd. Tokyo this division started with manufacture of hand winding watches. A new plant was set up to manufacture self-winding watches in collaboration with the same Japanese firm and Horological Machinery: Division was established for the manufacture of sliding headstock automatics in technical collaboration with M/s. Jos Petermann Switzerland.

- The Watch Factory at Srinagar was set up for the manufacture of 3 lakh hand winding watches.

1963 - The HMT in Pinjore have two operating divisions attached to it viz. Machine Tool Division and Tractor Division. The Machine Tool Division was set up during the year. The Tractor Divisions was set up in technical collaboration with Mototov Foreign Trade Corporation Prasha Czechoslavakia.

1964 - The Two operating divisions attached to HMT Kalamassery were the Machine Tool Division and the Printing Machine Division set up in collaboration with Societa Nebiolo Turin Italy.

1965 - The HMT at Hyderabad had 3 operating divisions the Machine Tool Division primarily for the manufacture of special purpose machine tools. The Press Division was set up in technical collaboration with M/s. Verson Allsteel Press Co. Chicago U.S.A. The Lamp Division was established for the manufacture of lamps and lamp components in collaboration with United Incandescent Lamp and Electrical Co. Ltd. (Tungsram) Budapest Hungary.

1975 - The HMT at Ajmer was set up by the Govt. of India as the unit of Machine Tool Corporation of India Ltd. with effect from 1st April the unit was merged with HMT.

1976 - The manufacture of critical components like hair spring and main spring were also taken up by setting up a new plant by the Watch Factory Division at Bangalore.

- The following collaborations agreements were concluded during the year: With the Cross Company Fraser Michigan U.S.A. for the manufacture of special purpose machines in Hyderabad With M/s. Creusot - Loire Paris for the manufacturing of rotary web offset printing machines With M/s. Laeis - Werke AG Trier West Germany for the manufacture of refractory presses A MOU with M/s. Tesa SA Renens Switzerland a subsidiary of Brown & Sharpe Manufacturing Co. Rhode Inland U.S.A. for the manufacture of precision measuring instruments.

- HMT (International) Ltd. with an issued capital of Rs 6 lakhs is a wholly owned subsidiary of the Company.

- All shares held by the President of India and his nominees. Out of the issued capital 7 122 No. of Equity shares were issued as fully paid-up without payment in cash and 40 000 fully paid Equity shares were allotted on amalgamation of the erstwhile Machine Tool Corporation of India Ltd. Ajmer.

1977 - All shares issued to Govt. of India.

1978 - The Company undertook a scheme to expand the capacity of Watch Factory to 4 lakh watches in 1979 and 5 lakh watches in 1980.

- The Govt. approved a total investment of Rs 24.50 crores in the watch factory to be established at Tumkur in Karnataka State for the manufacture of 2 million watch movements.

- The Company undertook to set up a project for the manufacture of 4 million fluorescent tubes per annum in collaboration for assembly line with Tungsram of Hungary at a capital outlay of Rs 3.19 crores.

- The Company undertook to diversify into the field of precision meterological and measuring instruments at Srinagar. Govt. approval was obtained during 1979-80 and negotiations were in progress for foreign collaboration.

- The Company undertook to set up a factory in Aurangabad a backward area in Maharashtra for the manufacture of dairy machinery.

- Industrial licence was obtained and a technical collaboration agreement was entered into with Fortschritt Landmaschinen Export-Import of German Democratic Republic (FLM).

- In order to increase the capacity of tractor manufacture from 12 000 to 15 000 per annum the Company undertook to set up a second line of assembly operations at Mohali Punjab.

- The Company submitted a feasibility report to Govt. for the manufacture of electronic watches. The Company concluded a MOU with Hitachi and Citizen of Japan.

- The Company offered technical collaboration to Industrial & Commercial Development Corporation of Kenya (ICDC) to set up a plant for the manufacture of machine tools in Kenya.

- The company entered into an agreement with the Federal Govt. of Nigeria to set up a plant for the manufacture of machine tools in Nigeria. A new company under the name Nigeria Machine Tools Ltd. was incorporated in Lagos.

- With effect from 12th September the name of the Company was changed from Hindustan Machine Tools Ltd. to HMT Ltd.

1979 - All shares issued to Govt. of India.

1980 - The Company entered into a collaboration agreement with Pegard S.A. of Belgium for adding new models to the existing range of Horizontal boring machines.

1981 - The Company proposed to manufacture silver oxide miniature batteries in collaboration with Hitachi-Moxcell Ltd. Japan. These would be used in electronic and quartz watches.

- The Company received an industrial licence for the production of one million stepper motors required for electronics watches.

- The subsidiary formerly known as Indo Nippon Precision Bearings Ltd. changed its name to HMT Bearing Ltd. on 1st December.

1993 - To capture the growing urban market for fashionable watches two new brands viz. `Ramani' for gents and `Utsav' for ladies were launched.

- Equity shares subdivided. 504 19 400 shares issued to Government of India.

1995 - All shares issued to Govt. of India.

1996 - The Company has decided to convert Lamp Division into a separate wholly owned subsidiary.

- All shares issued to Govt. of India.

1997 - Production also suffered due to slowdown in the economy coupled with stiff competition from imported machines.

- The Tractors Group launched a 45 HP Coastal Special model tractor for application in coastal areas on Commercial basis.

- A 59 HP model tractor with Power Steering was also launched during the year. Orchard Special model tractor in 25 HP range was developed and was under test marketing. Modernisation cum Expansion plan for the Tractor division was chalked out for increasing the production capacity of Tractor division to 30 000 tractors at a cost of Rs 110 crores in the next two years.

- The entire networth of this subsidiary was eroded and a reference was made to BIFR as a sick company under the Sick Industrial Companies (Special Provisions) Act 1985.

- All shares issued to Govt. of India.

- The public sector HMT has indigenously manufactured four-colour offset printing press for the first time in the country in its unit at Kalamassery.

- 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.

- The machine tools division of HMT has entered a new area of manufacturing with press tools and dies.

- The Machine tools division has also entered into a joint working arrangement with MS Giana Italy for the manufacture heavy duty CNC lathes for the defence sector. This range of products will be built for the first time in the country.

- HMT has signed a memorandum of understanding with the Union government under which it is expected to increase its turnover to Rs.1 160 crore and post a net profit of Rs.10.45 crore for the year ended March 1998.

- HMT introduced ADD and dater watches priced at Rs.750/900 in September. On August 15 the company launched Swarna series.

1998 - HMT International Ltd a wholly-owned subsidiary of HMT has bagged a Rs.13-crore order for setting up an Entrepreneur Technical Development Centre (ETDC) at Dakar in Senegal.

- HMT International has already set up successfully training Algeria and the Maldives. A batch of 17 Senegalese instructors has already undergone training at HMT's international training centre in Bangalore.

- The company is launching 15 new models in the automatic day/date range.

- HMT would issue 41 25 000 ordinary shares of Rs.10 each to the government. The company board has recently approved the allotment of these shares. The company had already approached the Bangalore Stock Exchange for issuing these shares to the government. A total of 10 06 45 165 equity shares of Rs.10 is listed with the bourse.

- Machine tools giant HMT is in touch with world's number one MT manufacturer Yamazaki Mazak to enter into a possible alliance to manufacture the latter's machine cutting tools under a buy-back arrangement.

- HMT Ltd has bagged the FIE award for the best quality design and aesthetic appearance of a product at IMTEX '98.

- HMT Ltd today announced a special voluntary retirement scheme (VRS) for its lamp division employees under which those who opt for it can remain at home with half their pay till such time that the public sector behemoth receives its due from the National Renewal Fund.

- HMT International Ltd. a wholly owned subsidiary of HMT Ltd. which has recently diversified into software exports has entered into a strategic alliance with A1- pha data LLC of Abu Dhabi a part of $500 million US group. The two companies would jointly develop software business for HMT's Erp Solutions Vikas.

- An MoU (memorandum of understanding) signed between the Government and HMT has delegated power to HMT to sanction schemes for incentives cum rewards.

- The Government is making a fresh bid to privatise HMT Tractors a profit-making unit under the fold of public sector major HMT Ltd.

- HMT has two fully-owned subsidiaries now - HMT (International) Ltd which is a trading company and HMT (Bearings) Ltd which manufactures ball and roller bearings. It also has a partly-owned subsidiary - Praga Tools Ltd - based in Secunderabad.

- The union minister of state for industry released a new HMT automatic day date watch Ranjit incorporating euro-style dial and a new ladies watch Preeti.

- The HMT division has a capacity of manufacturing 18 000 tractors.

- The company has introduced 350 range of Citizen watches in Mumbai along with its latest Eco-Drive models which absorb power thorough any source of light.

- The company has entered into a manufacturing and marketing alliance with Tennmax Industrial Ltd. of Hong Kong.

- HMT Ltd has been named as one of the top ten brands in India by a recent survey conducted by A&M-ORG-MARG. HMT has been ranked as the top seventh brand among the main brands in the annual survey that covers 60 brands from all over the country. HMT is also the only public sector company whose brand has features among the top ten in the survey. The brand has emerged as seventh from the 22nd position held last year.

- The company also proposes to convert 30% of the loan component into equity.

- Citizen Watches (India) Limited is a joint venture between the Citizen Watch Company Japan which holds a 51 per cent stake and Doshi Time Industries holding 49 per cent stake. It has a total paid up capital of Rs eight crores.

- An MoU (memorandum of understanding) signed between the Government and HMT has delegated power to HMT to sanction schemes for incentives cum rewards.

1999 - The Industry Ministry has directed the state-owned Hindustan Machine Tools to explore possibilities of joint venture formation for its watch division.

- The company has tied up with Tennmax of Hong Kong and is currently marketing the HMT-Tennmax brand in India.

- After Kenya and Nigeria HMT had signed a MoU for setting up a watch assembly unit Zimbabwe.

- The shareholders of Hindustan Machine Tools Ltd (HMT) approved a proposal to increase the company's authorised share capital to Rs 200 crores from the present Rs 135 crores.

2000 - Icra has assigned an LAAA (SO) rating and an MAAA (SO) rating to the Hindustan Machine Tools (HMT) bonds of Rs 469 crore 10-year tenure and Rs 40.43 two-year tenure.

- HMT (International) Ltd. a wholly owned subsidiary of HMT Ltd. has been awarded the EEPC trophy for its achievements in export of technical services during the year 1998-99.

2001- Mr Manohar Joshi Union Minister for Heavy Industries and Public Enterprises has unveiled the HMT 4922 tractor at a launch ceremony organised at Pinjore Chandigarh. With the introduction of the new actor

2002

-HMT Ltd has informed that consequent upon relinquishing of the charge of Chairman & Managing Director Tractor upon resignation by Mr R A Sharma on July 04 2002 Mr M S Zahed Director Organisation & Management has taken additional charge of the post of Chairman & Managing Director Tractor of the Company.

2003

-HMT Ltd has informed BSE that pursuant to Order dated January 9 2003 from the Department of Heavy Industry Ministry of Heavy Industries & Public Enterprises Government of India New Delhi Shri M.S. Zahed Chairman & Managing Director (Acting) and Director (Organisation & Management) has been appointed as Chairman & Managing Director of the Company for a period of 5 years from the date he assumes charge of the post or till the date of his superannuation or until further orders whichever is earlier. Shri.M.S Zahed assumed charge of the post of January 09 2003.

-HMT enters into Memorandum of Understanding with PNB UCO Bank and State Bank of Mysore and has launched SBM-HMTAgri Farm Scheme to promote Agriculture mechanisationin south India.

-Pinjore Unit of HMT at Chandigarh is facing a financial crisis and turnover has droppedto 50-60cr .

-Shri Naresh Chaturvedi has been appointed as a part time official Director on the Board of Directors.

-Shri Navin Kumar Joint Secretary to GOI has been appointed as Part Time OfficialDirector on the Board of Directors of the company.

2004

-HMT Ltd. has informed that the equity shares of the Company have been delisted from the Bangalore Stock Exchange Limited the Regional Exchange for HMT Limited with effect from January 3 2004.

-HMT signs agreement with UK-based Trantor for high power tractors

-HMT bags CMTI-PMT Trust Award

-HMT enters into a Technology Collaboration Agreement with M/s Trantor Vehicles Ltd

-HMT Ltd. enters into a Technology Collaboration Agreement with Trantor Vehicles Ltd. U.K.

-Signs MoU with State Bank of India (SBI) for tractor finance

2005

-HMT inks agreement with ONGC MRPL

2006

-HMT Ltd has Shri. R Asokan Director (Finance) Department of Heavy Industry New Delhi has been appointed as Part-time Official Director on the Board of the Company vide Presidential Order dated October 30 2006 with effect from October 30 2006

2007

-HMT Ltd has appointed Shri. N Gokulram Additional Secretary & Financial Adviser Ministry of Heavy Industries & Public Enterprises as Part-time Official Director on the Board of the Company vide Presidential Order dated January 22 2007 with effect from January 22 2007 and until further orders vice Shri. R Asokan Director (Finance) Department of Heavy Industry New Delhi.

- Dr. Surajit Mitra has been appointed as Part-time Official Director on the Board of the Company vide Presidential Order F.No.5(35)/1995-PE.X (Vol.II) dated March 06 2007 until further orders with effect from March 06 2007.

2008

- HMT Ltd. has informed that Shri B.S. Meena has been appointed as Part-time Official Director on the Board of HMT Limited vide Presidential Order F. No. 5 (35)/ 1995- PE. X dated January 25 2008 until further orders with effect from January 25 2008.