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
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.