The year 1959, Independent India was twelve years old. The new national leaders infused enthusiasm into the young and enterprising to use technology and know –how from their own country and establish business to open up the economy. P Venkat Raman an alumnus of BHU, inspired by the new government industrial policy was determined to fulfil his childhood ambition to “ to own machines and craft artifacts”. Money was scarce but courage and grit was aplenty. Studying the market for quality precision equipment, he found several lacunae. Machine tools were a perpetual problem. Suddenly he had found his niche. He decided to fill in some of the lacunae.
GMT made its first cast iron surface plate in 1960 for in-house use. The quality was outstanding. From prototype to product was a giant leap but undeterred he went ahead, looking to professors at IIT Madras for advice. Since then, there has been no looking back for GMT…
GMT -A GIANT LEAP
Excellence has its faithful followers and GMT had a loyal fan following. The demand arose for products like lathes and workholding devices for lathes such as chucks. GMT zeroed in on chucks, fully aware that every lathe used would need a good quality chuck. In 1963, GMT collaborated with M/s Berg &Co , a West German company, one the leading chuck manufactures in the world. GMT Engineers were sent to Germany, for training at Berg, to ensure that the product was world class.
To date, customer satisfaction is the cornerstone for development of all products. The customer base of seven thousand is further expanding as time goes by.
GMT – THE VISION TO LOOK AHEAD
PV’s unique talent at looking to the future of the business is a lesson for aspiring entrepreneurs. He realised the need to becoming self sufficient to sustain growth successfully in a growing economy. He established a design and development department in GMT manufacturing a wide range of high-tech sophisticated products. In doing so, he not only worked with academic institutes such as IIT Madras, but also set standards for the products with the Indian Standards Institute.
GMT – ONE STEP AHEAD ALWAYS
To Keep abreast with changing times has always been the motto of GMT. Over the years a corporate infrastructure to ensure smooth flow of information from sales to design to production planning, manufacture, inspection and despatch has been established. In 1992, it becomes a public limited company with a strong corporate identity. GMT’s market has gone international too, with products being exported to Japan, Singapore, Australia, Gulf countries, America and other Far Eastern countries.
GMT -POISED FOR FURTHER GROWTH
GMT stays in touch with rapidly changing technology by introducing new processes in design, manufacture and management. Existing processes are constantly reviewed and computerized. The company will continue to set the pace for further developments in its chosen technologies of workholding, surface finishing and metrology.