Lakshmi Machine Works provides spinning technology to Indian textile mills.
The company is a leading textile machinery manufacturer and has brought out various innovative products during the year and worked towards its three pillars – automation, digitization and sustainability – with a greater focus on after sales and service. The after sales and parts and components business have grown significantly during the year. Exports to markets like Bangladesh, Kenya and Vietnam have doubled. Currently exports sales contribute to more than 40 per cent of the total revenue. The company has a strong presence in Bangladesh, Vietnam, Pakistan, Turkey, Indonesia, Iran, China and many African countries. In Kenya Lakshmi supplied a complete turnkey project.
Lakshmi has launched a slew of new products, including the new draw frame, higher capacity carding machines, longer ring frames, and new compact systems. The new Drawframe LDF3, Card LC636, Ringframe LR9/SX and the new Compact System SPINPACT have been well accepted in global markets. The company has expanded its product portfolio and will continue to do so in years to come. The new products will go a long way in taking the textile industry to the next level. The company has a strong focus on research and development.