KIRLOSKAR BROTHERS LIMITED Established 1888 A Kirloskar Group Company
In FY 2024-25, we witnessed an era of unprecedented change across the global industrial landscape, driven by shifting economic paradigms, rapid technological advancements and evolving customer expectations. India is currently recognised as the world’s fastest-growing major economy and is expected to maintain a strong growth trajectory, driven by strong economic fundamentals, resilient private consumption and robust public investment. India’s rapid economic growth had a positive impact on the manufacturing industry, specifically the pump sector. Increasing investments in agricultural infrastructure represent one of the key factors bolstering the growth of the market in India. Factors like rapid industrialisation and the rising requirement of safe drinking water are anticipated to fuel the market growth.
Viksit Bharat @2047 envisions a globally competitive Indian manufacturing sector integrated into global value chains, contributing significantly to the nation’s GDP and creating well-paying jobs. This includes a focus on leveraging policy-driven investments, green technologies, digital infrastructure and global partnerships to drive sustainable and inclusive industrial growth.
As a leading entity in the industry, KBL remains well-positioned to capitalise on the above opportunities and drive further success. Despite a tough operating environment, agility, innovation and sustainability continued to be the Company’s competitive advantages and essential prerequisites for growth.
SDGs served
Gradual climatic processes (sea-level rise, changing rainfall pattern) and frequent weather events (heatwaves and droughts) are impacting businesses. These factors are likely to alter the demand pattern, especially for pumps with domestic and agricultural applications.
Our Response
KBL has always been committed to developing energy-efficient and sustainable products for extreme weather conditions. Our focus on sustainable manufacturing practices, adoption of green energy and compliance to prevalent regulations and standards enables us to mitigate the risks associated with climate change.
Key Risks
SDGs served
There was an ongoing demand for an improved regulatory environment and improved structure and processes for decision-making, accountability and culture.
Our Response
KBL places a strong emphasis on regulatory compliance and governance to ensure its operations are in line with global standards. KBL also complies with various environmental regulations, focusing on sustainability by developing energy-efficient and green products. To maintain high governance standards, we follow transparent business practices and prioritise ethical operations. By integrating regulatory compliance into strategic goals and maintaining strong governance, KBL ensures compliance to prevalent regulations and standards.
Key Risks
SDGs served
Despite global uncertainty, India displayed steady economic growth. India’s real GDP growth of 6.4% in FY 2024-25 remains close to the decadal average and is emerging as the fastest-growing large economy. Strong growth in construction activities and electricity, gas, water supply and other utility services, is expected to support industrial expansion.
Our Response
KBL is capitalising on India’s economic growth by expanding its product offerings to meet the increasing demand for pumps in sectors such as agriculture, infrastructure and industry. Our focus on innovation, R&D and sustainable products enhances the ability to serve growing markets, particularly with the rise in urbanisation and industrialisation. By strengthening our presence in the centrifugal pump market, we aim to leverage the favourable economic environment and meet expanding economy demands.
Key Risks
SDGs served
Impact of new emerging technologies, increased level of digital adoption and behavioural changes of customers. New emerging technologies, increased level of digital adoption and behavioural changes in customers continues to benefit the nation. Technology is poised to quickly and radically change every sector of the Indian economy.
Our Response
KBL has been actively embracing digital transformation to enhance operational efficiency, improve product offerings and serve customers better. Our digital platforms like KirloSmartTM provide remote diagnostics and performance tracking, improving the overall customer experience. Additionally, KBL is also investing in automation and smart manufacturing to improve efficiency, reduce operational costs and ensure high-quality production for sustained growth and greater competitiveness in the global market.
Key Risks
SDGs served
Increased competition between global players, wide distribution channels and competition from the unorganised sector led to a further fragmented market. Customers reached out for companies offering products with high efficiency, superior quality, innovative design and reliability.
Our Response
KBL is leveraging its unique strengths by focusing on innovation, cost optimisation and enhancing distribution networks to differentiate itself. Our strong R&D capabilities in developing advanced, energy-efficient products along with enhanced customer service and support to retain customer loyalty further enhances the market demand of our products. Additionally, the Company is ensuring compliance with ongoing and emerging quality standards and improving accessibility through better distribution channels, all while continuously adapting to market shifts and opportunities.
Key Risks
