Kirloskar Group to pump in ₹5,000 cr to double revenue

Kirloskar Oil Engines, new business forays expected to drive group's revenue growth

- Nehal Chaliawala

KOEL is entering into segments like high-horsepower engines.

(ISTOCKPHOTO)

The Kirloskar Group, led by siblings Atul and Rahul Kirloskar, has set itself a target of doubling the cumulative revenue across companies to $5 billion by 2030 as these firms enter newer businesses and segments.

Spanning four listed companies—Kirloskar Oil Engines Ltd (KOEL), Kirloskar Pneumatic Company Ltd, Kirloskar Ferrous Industries Ltd and Kirloskar Industries Ltd—the group plans to invest ₹5,000 crore over the coming three years in new manufacturing capacities, said Rahul Kirloskar, chairman of Kirloskar Pneumatic and Kirloskar Ferrous.

The group's revenue growth has been stagnant over the past decade, largely due to a lack of new products. However, a turnaround that began about three years ago has resulted in a sharp revenue uptick across companies. Shareholder interest in the stocks has picked up, too, with stock prices surging across the four companies in 2023 and 2024. The shares have since pared some of the gains, with all four stocks losing over a quarter since the beginning of 2025.

“We have switched gears and we see a bright future ahead of us,” Kirloskar said.