Miven Machine Tools Ltd (formerly Giddings & Lewis India Ltd) originally promoted by Mysore Kirloskar in 1985 in technical Collaboration with The Warner and Swasey Company, a Subsidiary of Giddings & Lewis Inc. USA to manufacture turning machines completely came into the fold of Foreign partner by buying out the 38% equity stake of Mysore Kirloskars, the Indian Promoters. Subsequent to increasing the stake to 76% by foreign promoters the name of the Company was changed to Giddings & Lewis India Ltd from Kirloskar Waner Swasey in July 23, 1999. Latter N A Sirur(Hubli) Pvt Ltd, the Holding Company has presently acquired 74.98% Equity Shares of the Company and the name of the Company was changed to the present one w.e.f July 23, 2002. The Company's product line includes universal CNC turning ... machines, CNC chucker machines, small CNC machines and special-purpose CNC machines.
The company came out with a public issue in Nov.'86 to set up a machine tool unit in Karnataka to manufacture 62 computer numerically controlled (CNC) turning machines pa. Due to accumulated losses, the company's debt-equity ratio was 5.4:1 in Mar.'89. To defuse the crisis, the company came out with a liberal rights issue in the ratio of 1:1 to raise the equity.
The company's clientele includes Bharat Forge, Premier Automobiles, Escorts Tractors, BEML, Hindustan Motors, Audco (I), the ordnance factory project, heavy vehicle factories, etc.
The company has developed a new CNC chucker called 'ORION' series, it is also developing a cost effective vertical axis turning machine.
It has deputed its engineers to Fadal Engineering Company, USA for technical training on vertical machining centre (VMC). The company propose diversifing into manufacture of co-ordinate measuring machines (CMM) with Giddings & Lewis as a joint partner, with a 100% buy-back arrangement to sell this product in global market.
1. Can I buy Miven Machine Tools Ltd from PL Capital? ›
Yes, you can invest in Miven Machine Tools Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Miven Machine Tools Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Miven Machine Tools Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Miven Machine Tools Ltd pay dividends? ›
Miven Machine Tools Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Miven Machine Tools Ltd ? ›
As of
04-12-2025 the share price for Miven Machine Tools Ltd. is 87 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Miven Machine Tools Ltd ? ›
The 52-week high and low of Miven Machine Tools Ltd share price is ₹ 58.9 - ₹ 112 as of
04-12-2025 .
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