Support and Resistance Levels
Past performance
About Miven Machine Tools Ltd Miven Machine Tools Ltd, originally established as Giddings & Lewis India Ltd in 1985, specializes in manufacturing various CNC machines, including turning and chucker machines. Initially promoted by Mysore Kirloskar and in collaboration with The Warner and Swasey Company, the company experienced a change in ownership when foreign partners increased their stake to 76%, leading to a name change in 1999. Currently, N A Sirur (Hubli) Pvt Ltd holds a 74.98% equity share, and the company was renamed Miven Machine Tools Ltd in 2002.
The company manufactures a range of CNC machines and counts major industrial players like Bharat Forge and Hindustan Motors among its clients. To address financial challenges in 1989, Miven Machine Tools issued a 1:1 rights offering to improve its debt-equity ratio. The company is enhancing its product line with innovations like the 'ORION' CNC chucker series and aims to diversify into co-ordinate measuring machines in collaboration with Giddings & Lewis.