Incorporated in March, 1976 as a private limited company, TMT (I) Limited was converted into a Public Company on 7 September, 1992. The Company was promoted by 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 biomithonisation systems, heat exchangers, etc.
In 2017-18, the company diversified into distillery units and entered into a joint venture with Demerara Distillers, Guyana, for setting up a 100% EOU in India.
In 2020-21, the Company had business operations in the civil contract works.
The Company has carried on supply of designs and drawings activities including Civil construction works in FY 2024.