Archive · 24 Jul 2026
LMW Expands Business Scope to EVs, Renewables, Robotics
LMW, a company known for making textile machines and aerospace parts, wants to expand into new areas like electric cars, renewable energy, and robotics.
They plan to change their company rules to allow this expansion.
Recently, they reported a big increase in profits and revenue for the first quarter of 2026.
This move is aimed at growing their business and keeping up with new technologies and industries.
LMW Ltd plans to expand into sectors like electric vehicles, renewable energy, and robotics.
The company proposes amending its Memorandum of Association to widen its business scope.
LMW reported a five-fold increase in net profit for Q1 2026, reaching ₹55 crore.
Revenue increased by 24% year-over-year to ₹861 crore in Q1 2026.
The expansion is intended to facilitate future business growth and reflect evolving objectives.
- Who
- LMW Ltd (formerly Lakshmi Machine Works Ltd)
- What
- Proposed amendment to the Objects Clause of its Memorandum of Association to expand into new sectors
- When
- July 24, 2026
- Where
- Coimbatore, India
- Why
- To facilitate future business growth and reflect evolving business objectives
Expansion Strategy
Focus on Core Business
Diversification
Expansion Strategy
LMW aims to diversify into emerging sectors like EVs, renewables, and robotics to drive future growth.
Focus on Core Business
Critics may argue that LMW should focus on strengthening its core businesses in textile machinery and aerospace components.
- Company Name
- LMW Ltd (formerly Lakshmi Machine Works Ltd)
- Headquarters
- Coimbatore, India
- Proposed New Sectors
- Electric Vehicles, Renewable Energy, Robotics, Pharmaceuticals, Life Sciences, Specialty Chemicals, Advanced Materials, Electronics Manufacturing
- Q1 2026 Net Profit
- ₹55 crore
- Q1 2026 Revenue
- ₹861 crore
- Year-over-Year Profit Increase
- 500%
- Year-over-Year Revenue Increase
- 24%