Background: Founded in 1967 the VST tillers & tractors is a key player in the domestic farm equipment industry. The company is engaged in the manufacture and sale of power tillers, tractors, rice transplanters, power reapers and auto components. In addition to domestic markets the company also exports its products to Africa, Russia, and Myanmar and component parts to UK & Europe. Promoted by VST Motors as a joint venture with Mitsubishi Heavy Industries Ltd, Japan, the company is largest manufacturer of Power Tillers in India with ~45% market share. The company operates through a network of ~250 dealers and 300 vendors all over India, who are associated with the company for decades. The manufacturing facilities...