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Tiwac is a Division of Walchandnagar Industries Limited having its manufacturing facility at Dharwad,Karnataka,India . This was set up in 1962-63 to manufacture Mechanical Alarm Time Pieces in technical collaboration with Louis Schwab of Switzerland.  Most of the machineries are imported from Germany, Switzerland and England and are very much suitable for manufacturing precision components. One day Alarm Time Pieces was the main product and was manufactured in large quantity (until 1996). Tiwac has the distinction of introducing Centre Second Models in India for the first time.  During last 25 years Tiwac Division has successfully developed many products which are precision in nature viz., Synchronous Multiflex Timer used in Sugar Factories(an import substitution), Sector Mechanism for Dash Board Instruments and Industrial Pressure Gauges, Precision Components for Electrical Meters, Timers, Electronic gadgets, Automibile etc. Currently main products are Pressure Gauges, Temperature Gauges and Sector Mechanism.  The Manpower consists of some of the best brains from the Precision Industries perfectly suited for the production of these products. At present Pressure Gauges in the size 40mm(1.5") to 250mm(10")having pressure range 0 to 700 kg/cm²(10000 psi) and Vacuum are manufactured. The various types of gauges manufactured are liquid filled, diaphragm seal,low pressure diaphram, all SS Gauges, Electrical Contact Gauges, Master Gauges etc.

Pressure Gauges are manufactured as per IS 3624 of 1987 specifications. Tiwac Pressure Gauge are extensively used in Industrial Boilers, Thermal Power Stations, Nuclear Power Corporation, Petochemical, Fertilizer Factory, Sugar Machinery, Industrial and Marine Gear Boxes etc.  At Tiwac, Temperature Gauge are manufactured in Mercury in Steel Type and Bimetal Type in the size from 100mm(4") to 250mm(10") having temperature range from -38°C to 600°C.  Tiwac's Organizational Culture Centres on "Quality, Precision and Time".