Dr. D. Jayavarthanavelu
 
Company Name : Lakshmi Machine Works
Designation : CMD | Title : Spinning Success
 
 
       
 

If refinement of mind, the precision of a surgeon and the incisiveness of an intellectual could all be combined in one whole, the result would be someone like Dr. D. Jayavarthanavelu, CMD, Lakshmi Machine Works, who has shaped up his career in the firmament of business world.

Known for his crystal-clear vision, Dr. Jayavarthanavelu has been endowed with a winning combination of unmatched precision and performance. He is one individual who belongs to a rare breed of the professionals who stands apart in the corporate world. Under the stewardship of Dr. Jayavarthanavelu, Lakshmi Machine Works has scripted many a glorious success story. Founded in 1962, LMW is today a global player and one of the top three manufacturers of the entire range of textile machinery.

Dr. Jayavarthanavelu's hard work and infallible strategy have earned him a place in India's millionaires club. With an annual income of Rs.4.95 crore, he is one of the top millionaires in the country.

It has been all because of Dr. Jayavarthanavelu's efforts that today LMW has 60% of market share in the domestic textile spinning machinery industry. As the CMD of the country's leading textile industry Dr. Jayavarthanavelu has been spinning success stories for the company taking it into the higher echelons of glory and finding it a place in the global map.

It was in recognition of Jayavarthanavelu's efforts that he was conferred upon the National Award for excellence in water management. Through its water conservation initiatives, the company was able reduce water consumption by 105% and enhance production by 39% over the last 5 years. The measures include rainwater harvesting, water recycle and reuse, reverse osmosis and re-use of chrome scrubber condensate for electroplating.

Dr. Jayavarthanavelu has diversified LMW into a CNC Machine Tools and is a brand leader in manufacturing customized products. LMW Foundry makes Precision Castings for industries the world over. The LMW is only company that has a global presence and over the years it has spread its market presence not only in developing countries, but also in Europe.

Always striving for new goals and new milestones, Dr. Jayavarthanavelu has earned LMW the Top Export Award in textile machine exports for the past many years. It has always been his motto to deliver greater value to the customers by providing complete competitive solutions through technological leadership and manufacturing excellence.

It was for his skills and achievements that Dr. Jayavarthanavelu was nominated this year as a member of the Central Board of Directors of the Reserve Bank of India for four years. In recognition of the achievement in highest exports and growth, Federation of Indian Textile Engineering Industry (FITEI) and Engineering Export Promotion Council (EEPC) have bestowed on the company with many accolades and awards.

Sans doubt, it has been Jayavarthanavelu's dedication and his firmness in dealing with adverse situation that has helped the company become a global player and it goes without much saying that as long as he is at the helms of the company, the future would remain brighter and glorious for the LMW.