Try GOLD - Free
Kirloskar Group to pump in ₹5,000 cr to double revenue
Mint Bangalore
|October 13, 2025
Kirloskar Oil Engines, new business forays expected to drive group's revenue growth
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.
This story is from the October 13, 2025 edition of Mint Bangalore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Bangalore
Mint Bangalore
Centre to roll over electric bus and truck incentives to FY27
The ministry of heavy industries has asked the finance ministry to shift the allocation for financial incentives to encourage the purchase of e-trucks and e-buses to next year's budget, according to two people aware of the development.
1 mins
November 15, 2025
Mint Bangalore
Oct WPI slows to 27-month low amid food price decline
India’s wholesale inflation fell to a 27-month low in October on the back of record low food prices, provisional data from the ministry of commerce and industry showed on Friday.
2 mins
November 15, 2025
Mint Bangalore
US tariff-hit exporters get relief from RBI
In a relief to tariff-hit export-oriented sectors and their lenders, the Reserve Bank of India (RBI) on Friday announced several measures to ease their access to working capital, enable higher borrowing limits, and defer loan repayments until the end of the calendar year.
1 min
November 15, 2025
Mint Bangalore
Relief on specialty steel likely
Govt plans to temporarily suspend strict quality-control rules for importing 55 products to address supply gaps
3 mins
November 15, 2025
Mint Bangalore
Nitish Kumar to rule Bihar, again
Women voters and BJP alliance help the JD(U) return as the undisputed king in the eastern state, while the opposition floundered
5 mins
November 15, 2025
Mint Bangalore
Wakefit boosts listing size, seeks pre-IPO fundraise
Home-furnishings brand Wakefit is gearing up for a ₹1,400-crore public listing in early December, three people with knowledge of the matter said.
1 mins
November 15, 2025
Mint Bangalore
Sebi to revamp settlement rules, curb penalties
India’s capital markets regulator has initiated a review of its rules on case settlement to simplify calculations and address concerns on stringent conditions and inflated penalties, three people familiar with the matter said.
1 mins
November 15, 2025
Mint Bangalore
The bespoke tailor to the stars
Meet Madhav Agasti, the self-taught designer who has created costumes for heroes and villains for 50 years
5 mins
November 15, 2025
Mint Bangalore
Celebrating craft in all its forms
When the Mumbai store of Moonray, a four-year-old ready-to-wear label started by Karishma Swali and her daughter, Avantika, shut down a few months ago, it seemed like it would cease to exist. But last week, the same address in the cultural district of Kala Ghoda opened the doors to Chorus, a brand by the mother-daughter duo that expands the Moonray universe to include ready-to-wear, couture, skincare, and a café with craft at the centre.
4 mins
November 15, 2025
Mint Bangalore
Revenue climbs as Marico adjusts to GST rate changes
Homegrown packaged goods company Marico Ltd said the revised goods and services tax (GST) rate cuts introduced in September led to a temporary disruption in trade channels, resulting in destocking at the end of the quarter. Demand trends, however, remained steady in July and August.
1 mins
November 15, 2025
Listen
Translate
Change font size