- CEO
- Katta Sundeep Reddy
- Full Time Employees
- 15
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- 3rd Floor, D-No. 2-93 Hyderabad TS India 500084
- IPO Date
- Sep 25, 1990
- Business
- Miven Machine Tools Limited is a manufacturer and supplier of CNC machine tools, specializing in universal CNC turning machines, CNC chucker machines, small CNC machines, and special-purpose CNC machines with turning diameters ranging from 150 mm to 610 mm and turning lengths from 500 mm to 3,000 mm. The company's product portfolio includes heavy duty CNC lathe machines, chucker series CNC lathe machines, universal series CNC lathe machines, GL 160/200 CNC lathe machines, Venus-250 CNC lathe machines, and ultra series CNC lathe machines. It also offers CNC coil winding machines, CNC milling tools, CNC turning fixtures, CNC press machines, and lathe grinders, catering to diverse industrial applications.
Founded in 1985 as a joint venture with Warner & Swasey, USA, Miven Machine Tools Limited is headquartered in Hubli, Karnataka, India. The company serves a broad range of customers primarily in the manufacturing and engineering sectors, with operations mainly focused within India but also extending to international markets.
In recent developments within the last two years, Miven Machine Tools underwent a significant change in ownership with Latter N A Sirur (Hubli) Pvt Ltd acquiring an 86% equity stake. The company recently received approval from BSE Limited for the reclassification of promoter shareholders under SEBI regulations. Strategically, the company has been looking to diversify beyond traditional machinery manufacturing, exploring business opportunities in information technology and software development-related services, including design, development, and implementation of software and ERP solutions for both government and non-government entities.
Miven Machine Tools continues to focus on upgrading its manufacturing capabilities and expanding its product range with an emphasis on innovation and quality to maintain its competitive position in the CNC machine tools industry. The company places strong importance on customer satisfaction and adherence to high-quality standards in its production processes.
This description reflects the company's manufacturing expertise in CNC machine tools, recent strategic ownership changes, and its venture into the IT services sector, supporting its business diversification and future growth ambitions.