This year also saw the launch of new products that continue to set industry benchmarks – the addition of new pump models in the FM-approved and UL- listed MSMO series, as well as the Vertical Inline pumps KW-LC and KW-SC. These additions to our product line are designed to meet the evolving needs of our customers and enhance our competitive edge in the market.

We have leveraged our technological and domain expertise to create a scalable and sustainable business model and synergise our value proposition. Our revolutionary technology opens new avenues for meeting energy demands efficiently and economically within industrial contexts, generating substantial returns on investment and supporting our vision of building a more sustainable tomorrow.

We have strategically invested in cutting-edge technologies such as Virtual Reality (VR), Augmented Reality (AR), Artificial Intelligence (AI), the Internet of Things (IoT) and 3D Printing Technology over the last twelve years. Our state-of-the-art 3D printing machine, the largest of its kind at Kirloskarvadi, is revolutionising the manufacturing of new products. These digital initiatives enhance efficiency and provide additional revenue streams within our services business. By embracing these technologies, KBL is positioning itself for continued success in the digital age.

A cornerstone of our strategy remains the enhanced KirloSmart^TM system, our pioneering IoT-based remote monitoring solution. KirloSmart^TM is designed to revolutionise maintenance operations, featuring advanced failure prediction analytics, troubleshooting and monitoring capabilities. This system empowers our customers to proactively manage potential issues, ensuring higher operational uptime and significantly reducing the risk of catastrophic failures. By increasing operational efficiency and cutting spare part inventory costs, KirloSmart^TM exemplifies our commitment to prioritising superior customer service and delivery. Since the first KirloSmart^TM system was delivered to a customer almost a decade ago, we have continued to build on rich data that has been collected in order for customers to get better value from the system.

We continue to leverage our expertise to design adaptable solutions that boost efficiency and productivity. Sustainability is at the heart of all our innovations and we endeavour to provide long-lasting solutions to our customers. Our initiatives in supporting our customers to repair, refurbish and enhance their existing pumps further supports even our customers’ goals in this area.

Looking forward, we are committed to further expanding our international footprint and deepening our market integration. Our focus will remain on leveraging digital transformations to enhance operational efficiencies and customer engagement strategies. We will continue to explore growth opportunities that align with our corporate values and promise to deliver exceptional value to all our stakeholders.

In closing, I extend my heartfelt gratitude to everyone who has been a part of our journey this year – our dedicated employees, who are the mainstay of our success, our loyal clients, who trust in our capabilities and our steadfast shareholders, who believe in the potential of our vision. Together, we are poised to reach new heights and achieve greater successes in the coming years.

Thank you for your continued support and belief in our endeavours.