Director’s Message

Dear Esteemed Shareholders,

We are delighted to update you on the exciting developments in our growing international business. With our strong expertise in technology, we have successfully established a global presence and consistently gained market share across various regions.

This achievement is reflected in the remarkable growth of our international order book, which has increased by 36% to reach ₹ 15,110 Million, which accounts for one-third of our total revenues. We anticipate increased investments in the energy sectors and advancements in pump technology, which will drive the demand for pumps and have a positive impact on the global pumps market. This, in turn, will benefit KBL and our international subsidiaries in the coming years. The international business has also invested in services and development of framework contracts. Today, there are over 100 active long-term framework contracts across the operations. We will continue our endeavours to grow this business where we have implemented AI, AR and have an advantage with our 3D printer.

Today, we take great pride in being the largest manufacturing company in the UK. With a favourable order mix in the international market, we have successfully streamlined our global operations and achieved sustainable profitability. We remain committed to further expanding our contribution from global markets.

As we navigate the challenges within the pump sector, our focus remains on sustaining our competitive edge. The international market, currently valued at USD 40 Billion, has witnessed significant growth momentum, particularly in the US, UK, and Thailand. We are committed to capitalising on these opportunities and establish a robust presence in these regions.

To meet the evolving customer demands, we continue to embrace technological advancements in pump manufacturing. Our recent product launch, the DBxe pump, has already made a positive impact in the market. This pump offers exceptional efficiency and outstanding performance, and we take great pride in manufacturing it in India. Our goal is to export this product to key international markets, including the United Kingdom, Europe, the United States of America, Africa, Southeast Asia, the Middle East and countries in the Indian subcontinent. By leveraging our expertise, adopting new technologies, and maintaining a customer-centric approach, Kirloskar Brothers is expanding its international footprint and contributing to the global market.

Over the coming decades, Kirloskar Brothers journey will focus on a smarter approach to product and service differentiation through the adoption of disruptive technology. Our technology blueprint, encompassing the Internet of Things (IoT), artificial intelligence (AI), virtual reality and augmented reality (VR/AR), and 3D printing, will drive innovation across our entire range of fluid management systems. From deployment and remote monitoring to seamless after-sales services, we are committed to providing cutting-edge solutions. Our responsibility lies in thinking ahead and innovating in the realm of smart, intelligent, and sustainable fluid management solutions, with lowest life-cycle costs for water supply, which gives KBL a competitive edge in the market.

We extend our heartfelt gratitude to all our stakeholders and the Board for their unwavering support.

Thank you.

Sincerely,

Alok Kirloskar Non-Executive and Non-Independent Director -
Kirloskar Brothers Limited