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Hindustan Everest Tools Ltd.

BSE: 505725 | NSE: | Series: NA | ISIN: INE598D01019 | SECTOR: Machine Tools

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Hindustan Everest Tools is not listed on NSE
Company History - Hindustan Everest Tools
The company was incorporated on 12-08-1962 as a Public Limited Company
 under the name of Hindustan Dowidat Tools Limited in technical
 collaboration with Dowidat Werke Willi Dowidat of Germany to
 manufacture high quality hand tools of international standard. The
 commercial production was commenced in the year 1963 at its factory
 located at Village Jatheri, Dist. Sonepat (Haryana). The company is
 one of the pioneers in the field of manufacturing quality hand tools
 in the country.
 
 The company was marketing its products under the brand name of
 DOWIDAT in the domestic market and certain limited export markets and
 under the brand name of EVEREST in other export markets world-wide. 
 
 As the agreement with M/s. Dowidat Werke Willi Dowidat was for a
 fixed period of 10 years, and it was thought best by both the parties
 not to renew the agreement further as the total technology had been
 successfully absorbed by the company, the agreement ended and in the
 year 1974, the name of the company was changed to HINDUSTAN EVEREST 
 TOOLS LIMITED and thereafter, its products are being marketed under
 the brand name of EVEREST, both in the domestic as well as export
 markets world-wide.
 
 Besides exporting a major portion of its products to over 35
 countries world-wide, including the highly discerning markets such as
 Germany, France, Italy, UK, USA and Japan, the company is supplying
 hand tools to the entire automobile sector of the country such as
 Maruti Udyog Limited, Bajaj Auto Limited, Mahindra & Mahindra Limited
 and Hindustan Machine Tools Limited, to name just a few. and
 institutional consumers of hand tools such as ONGC, GSI, MECL and the
 Defence Sector Vehicle Factories, besides commanding a premium
 position in the wholesale and retail markets all over the country.
 
 The Company has not faced any labour
 problems/closure/litigations/defaults in the past three years.