Lakshmi Machine Works is ranked 17th

Lakshmi Machine Works is ranked 17th in the BusinessWeek, ‘Asia’s Hot Growth Companies’
Thirteen Indian firms have been named in a list of 100 fastest-growing small and mid-size companies in Asia, with some emerging on top in terms of sales and capital returns.

According to ‘Asia’s Hot Growth Companies’ list, prepared by US-based financial magazine BusinessWeek, India is home to a higher number of such companies than China, whose presence is limited to just eight firms. Besides, India is next only to Taiwan and Japan, which have been represented by 24 and 18 firms respectively.

Among the Indian firms, Lakshmi Machine Works is ranked 17th, followed by Kirloskar Brothers (18th) and Godrej Consumer Products (23rd). Other Indian companies named in the list are Marico (40), Colgate-Palmolive India (45), Hexaware Technologies (53), GlaxoSmithkline Pharmaceuticals (60) Panacea Biotec (68), Bajaj Hindustan (72), Motherson Sumi Systems (79), Cummins India (83), I-flex Solutions (93) and Titan Industries (98).
Lakshmi Machine Works is a Coimbatore based Kammas owned firm founded in the year 1962 by Dr.Devarajulu. Dr.D.Javardhanavelu is the present Chairman and Managing Director.

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