Veejay Lakshmi Engineering Works Ltd. started its operations in 1975 at Sengalipalayam in Coimbatore to produce twisting machines. The company has been specializing in twisting machines and is the largest manufacturer of two-for-one twister (TFO) in India with more than 5,000 installations worldwide.
Veejay Lakshmi is the only manufacturer of automatic cone winders (ACWs) in India. The product range was expanded by adding ACWs in 1998. The company also specialises in precision propeller assembly winders (PWs) and random assembly winders (AWs). Both the products are used in textile mills for post-spinning and weaving preparatory operations.
Apart from the engineering division, the machinery manufacturer is actively engaged in export of 100 per cent cotton yarn through Veejay Lakshmi Textiles to Egypt, Mauritius, Belgium, Italy and the Far East countries like Indonesia, Hong Kong, Singapore, Korea, etc.
Research & development
The company remains committed to delivering quality products to meet the customer requirements with continuous research and development for design improvements and cutting-edge technology. Investments are being regularly made for improving production facilities with the latest advanced technology machines to achieve high productivity and product quality and cut in production cost.
The company continues its efforts for the development of its existing products and new models. The performance of the machines has improved, and new products have been developed to widen applications. The machine components are indigenised in order to reduce the import content.
High quality imported CNC machines from across the globe are used at the manufacturing shop, which include CNC turning centres, CNC vertical machining centres and CNC horizontal machining centres, etc. The company has a comprehensive quality control division fully equipped with the most modern imported items such as slip gauge comparator, micro hardness tester, roughness tester, universal length measuring, digital spring tester, etc.
Veejay Lakshmi has spent a total of Rs. 94.55 lakhs on research and development in 2012-13 compared to Rs. 63.38 lakhs the previous year, which is 1.44 per cent of the total turnover of the company. The sales turnover from textile machinery and spares during 2012-13 was Rs. 6,262 lakhs (Rs. 5,634 lakhs).
The company was able to sell 104 units of twisters estimated at Rs. 1,501 lakhs as against 48 units amounting to Rs. 722 lakhs the previous year. Improvement in sales of twisters is due mainly to the new, improvised model introduced by the company.
The company was able to sell 51 units of its winders valued at Rs. 3,869 lakhs as against 59 units (Rs. 4,078 lakhs) in 2012. Its assembly and random winders have a good market demand which is a replacement for the manual winders, sales of which increased from Rs. 100 lakhs to Rs. 141 lakhs.
The facilities available to produce aluminium die cast and plastic injection moulded components have been used only for in-house requirement of components. The income from windmills was Rs. 173 lakhs (Rs. 138 lakhs).