Incorporated in 1976 as a private limited company, TMT (I) (TMTL) was converted into a public limited company on 7 Sep.'92. It was promoted by managing director T G Veera Prasad. It came out with a Rs 240-lac public issue in Sep.'93 to part-finance the setting up of facilities for manufacturing machinery for the pulp and paper industry and for chemical recovery systems.

TMTL's products include raw material handling equipment, batch / continuous cooking plants, paper machines, etc. The company's major clients are Mahy Knoory & Company, Dubai; West Coast Paper Mills, Ballarpur Industries, etc. It has tied-up with Young II Iron Works, South Korea, for tissue paper machinery; Warburton Holgate, UK, for speciality papers; Degremont India, a subsidiary of Degremont, France, for pollution control systems and other companies for bio-mithonisation systems, heat exchangers, etc.

The company exports to Australia, the UK, CIS countries, etc. It plans to diversify into floriculture in collaboration with a Dutch Company, Agro Advies Buro. It has received the ISO 9001 certification from BVQI in the areas of pulp and paper machinery, LPG cylinder manufacture, etc. It has also diversified into distillery units and broadened its footprint operations into into a joint venture with Demerara Distillers, Guyana, for setting up a 100% EOU in India.