Sep 01, 2003· Hindustan Machine Tools (HMT) Limited was established in 1961 by the Government of India. HMT Machine Tools Limited (HMTMTL) was officially incorporated into HMT Limited on 9 August 1999. Other subsidiaries of HMT Limited include HMT Watches Limited, HMT Bearings Limited, HMT (International) Limited, and Praga Tools Limited.