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Transforming TO A BETTER TOMORROW

INTEGRATED ANNUAL REPORT 2023-24

KBL AT A GLANCE

Established in 1888 and incorporated in 1920, Kirloskar Brothers Limited (KBL) is one of India’s pioneering industrial organisations in the engineering sector.

LED BY A VALUE-CENTRIC SYSTEM

Purpose

Enriching Lives. Transcending Boundaries.

Vision

Enriching Lives across communities through innovative and sustainable engineering solutions.

Mission

To lead the industry through reliable, intelligent hydraulic machines and systems providing superior value and ensuring customer delight.

Our Core Values
Teamwork with Mutual Trust and Empathy
Commitment towards the Environment
Integrity and Accountability
Speed and Accuracy
Progressive and Proactive
Process Centric

CHAIRMAN’S MESSAGE

Dear Esteemed Shareholders,

As we gather to reflect on the past year, I extend my heartfelt thanks for your steadfast support and for being an integral part of this incredible journey together.

Sanjay KirloskarChairman and Managing Director Kirloskar Brothers Limited

JMD’S MESSAGE

Dear Shareholders,

The past year has been a year of remarkable achievements. We faced challenges head-on and celebrated triumphs, while collectively elevating the Company to new heights.

Rama KirloskarJoint Managing Director Kirloskar Brothers Limited

DIRECTOR’S MESSAGE

Dear Esteemed Shareholders,

The past year has been marked by substantial progress and strategic achievements across our international operations. Our international entities have significantly enhanced our fluid management and service solutions, fortifying our value proposition to the customers globally.

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

SIX PILLARS OF OUR VALUE CREATION MODEL

Financial Capital*

We consistently drive optimal value creation for long-term sustainable returns for our stakeholders.

27,560 mn

Total Income

18.056 %

Return on Equity

30.65

Earnings per Share

*Standalone basis

Manufactured Capital

We pursue our growth aspirations through organic and inorganic expansion to increase our capacity, while also ensuring efficiency, safety and sustainability through innovative processes and technologies.

18,000 +

Pumps exported

17,000 MT+

Output from Inhouse Foundries

1,383 mn

Capital Expenditure

Intellectual Capital

We are investing in disruptive technologies and digital transformation, driving improvement and innovative across businesses.

290 mn

R&D spend

227

New product variants launched

424

BEE Star Rated Product basket

Human Capital

We work towards building a culture that promotes innovation and high performance and focusses on diversity and inclusion.

7.3 %

Workforce diversity (female employees)

2.7

Average man-days training per employee

35

Average man-days training per employee

Social and Relationship Capital

We believe in continuous stakeholder engagement and in nurturing long-term relationships with our customers, suppliers and communities.

32 +mn

CSR Spend

5,000 +

Active Supply chain partners

84.3 %

Customer satisfaction index

Natural Capital

We are investing in environmental initiatives to enhance our ecological footprint.

0.98 MT / ₹ mn of Revenue

Scope 1 & 2 Emission Intensity

12.92 kl / ₹ mn of Revenue

Specific water consumption

6.85 GJ / ₹ mn of Revenue

Specific Energy Consumption

BUILDING A MORE SUSTAINABLE FUTURE

OUR CONTRIBUTION TO UNSDGs

Our business model seeks to create shared sustainable value for the Company. The Company has defined a strategy that integrates business objectives with sustainability objectives, aimed at returning value to each capital with a view to sustainable development.

GLOBAL PRESENCE

The above map is not to scale and for illustrative purposes only.