History of the Kirloskar Group
The Kirloskar Group, an Indian multinational, was founded in 1888 by Laxmanrao Kirloskar. The company's journey started with Shivaji Metal Works, later merging into Kirloskar Oil Engines and eventually becoming Kirloskar Ferrous. Throughout the 20th century, Kirloskar established itself as a pioneer in Indian manufacturing, marking its milestones with achievements like producing India's first iron plough (1903), first centrifugal pump (1926), and first diesel engine (1927).
The company's commitment to innovation continued with the introduction of India's first electric motor in 1940. In 1946, an engine’s company was established for the manufacture of diesel engines. In fact, the Group’s foray into exports began with diesel engines to Germany in 1954. Collaborations with foreign multinationals like Kirloskar Cummins (1962) further strengthened the company's position.
In recent years, the group has been diversifying into new technologies, such as green energy through Kirloskar Integrated Technologies in 2009 and Kirloskar Solar Technologies in 2017.
Today, the Kirloskar Group stands as a testament to its unwavering dedication to quality and progress, making it an attractive prospect for investors seeking a well-established and continuously evolving Indian manufacturer.
Sector Presence of the Kirloskar Group
The Kirloskar Group is currently present in the following sectors:
- Bioenergy and small Solar Projects via Kirloskar Integrated Technologies Private Limited
- Automotive Joint Ventures, Health and Real Estate via Kirloskar Systems Private Limited
- Engines, Gensets and Power Solutions via Kirloskar Oil Engines Limited
- Compressors & Compression Systems and Transmission Equipments via Kirloskar Pneumatic Company Limited
- Pig Iron and Castings via Kirloskar Ferrous Industries Limited
- Wind Power Genration via Kirloskar Industries Limited
- Centrifugal and Screw Chillers via Kirloskar Chillers Private Limited
- Solar Plants, PV Modules and other solutions via Kirloskar Solar Technologies Private Limited
- Pumps and Fluid Handling Solutions via Kirloskar Brothers Limited
- Higher education via Kirloskar Institute of Advanced Management Studies
Key Personnel
Mr. Atul C. Kirloskar, Chairman
Mr. Kirloskar's professional journey began in 1978 at the then-known Kirloskar Cummins Limited, where he embarked on his path as a trainee. Within three years, his dedication and talent were recognised, leading to his appointment as Chief Executive of Cummins Diesel Sales and Services in December 1981. His contributions were further acknowledged by his co-option to the KIL Board on August 6, 1985, followed by his promotion to Managing Director in the same year. Mr Kirloskar's unwavering commitment and leadership qualities saw him appointed Vice Chairman of KIL in 1988, a position he held with distinction until 1998 when his peers entrusted him with the responsibility of Chairman of the Board.
How To Invest in Kirloskar Group Stocks?
To invest in Kirloskar Group stocks via Angel One, follow these steps:
- Log in to your Angel One account.
- Click on the search icon and look for your desired Kirloskar Group stock.
- Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type.
- To complete your transaction, click on the ‘Buy’ button.
You can track the status of the purchase from the ‘Positions’ section in the ‘Orders’ module. Once the stock is delivered, you can track its gains and losses from your ‘Portfolio.
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