The Kirloskar Limitless Group is embarking on an ambitious roadmap – to nearly double the Group’s cumulative revenues to approximately $5 billion by FY30. To fuel this ambitious expansion, which marks a transformative phase for the engineering powerhouse, the promoters have earmarked a substantial investment outlay of approximately Rs5,000 crore through FY30. This capital will be deployed strategically across capacity expansion, product development initiatives, and new business ventures.
The Group was founded over a century ago and has been a part of the nation’s industrial evolution since 1888. At Kirloskar, the spirit of ‘Make in India’ was born during the fight for India’s independence. For decades, Kirloskar has played a pivotal role in acquiring technology and indigenising it to meet India’s needs. It entered into strategic collaborations that enabled it to develop and deliver world-class technology and manufacturing capacity for both the nation and global markets. In doing so, Kirloskar did not just manufacture engines and equipment; it actively fostered a network of suppliers providing components, raw materials, and services.
As Kirloskar scaled, this supplier base grew alongside it, creating a complementary relationship that strengthened both the company and the local industrial ecosystem, while contributing to the growth of Pune and surrounding regions as industrial hubs. Over the years, this foundation has evolved into a culture of self-reliance, where every innovation is now 100 per cent in-house and home-grown.
Today, from full-fledged industrial engines, gensets, compressors, and chillers to heavy-iron castings and iron foundry work, Kirloskar Limitless covers the whole range of engineering and manufacturing. The company contributes to several crucial sectors, including defence, a cornerstone of national security. Power generation and industrial applications have benefited from its innovations, and the railroad and automotive industries have relied on its engineering solutions. Its offerings also extend to compressors and chillers that support a wide range of industrial and process requirements. This highlights the Group’s contribution towards nation-building.
Focus on healthy growth
For the Group, healthy growth has always been a central focus, and over the last 3 years, all its companies have grown consistently and meaningfully. This success is the result of deliberate strategies pursued with clarity and discipline. The first of these is professionalising, which means bringing in the right leaders who can steer the business through its phase of growth and aspirations.
The second driver of growth has been a strong commitment to organic expansion. Whether in Kirloskar Oil Engines or Kirloskar Pneumatics, the Group continues to invest in technology and capacity, strengthening its ability to compete and scale. With a vast range of products in their portfolio, both these companies have been focusing on making sustainable, smart, and resilient energy systems and actively contributing to decarbonisation across industry.
The third pillar is about moving into related businesses that naturally connect to what the Group already does. Historically, Kirloskar Ferrous began as a backward integration for Kirloskar Oil Engines, providing castings, but today it stands as a successful company in its own right. The recent acquisition of ISMT by Kirloskar Ferrous is another example, representing a forward integration opportunity that enhances their strength. The ferrous business is poised for further growth, with significant capacity expansion planned, and will invest approximately R3,000 crore in this business.
The next pillar for the Group is diversification, and venturing into financial services and real estate reflects this forward-looking approach. Arka, the financial services company launched 6 years ago, has grown into a stable NBFC with a healthy portfolio and is now preparing for its next phase through retailisation and a pan-India retail presence. In real estate, Avante has completed its first project, One Avante, and is progressing with a second: a 1.6 million sq ft commercial development in Pune’s Kothrud.
“Kirloskar as a Group has always believed in making engineering solutions that empower India. Our legacy is built on innovation, and our future on limitless possibilities. We focus on creating efficient, sustainable, and environmentally responsible products, backed by strong investments in R&D to drive greener and more advanced technologies,” explains Gauri Kirloskar – Managing Director, Kirloskar Oil Engines Ltd.
Adds Aman Kirloskar, Vice President – Air Conditioning & Refrigeration Division, Kirloskar Pneumatic Company Ltd: “Kirloskar has always stood for reliability and performance. Our focus is on delivering solutions that customers can depend on in critical applications, whether in India or abroad. Over the years, we have built strong partnerships across industries, and today our technologies support operations in nearly 70 countries. This global footprint reflects not only the trust in our products but also the strength of Indian engineering on the world stage.”
As India continues to expand its global presence, Kirloskar’s story serves as a reminder of how engineering has been central to the development of every nation. The company embodies the promise and challenges of India’s industrial future by investing in sustainable practices, encouraging innovation, and staying true to its self-reliance mission.