KIRLOSKAR BROTHERS LIMITED Established 1888 A Kirloskar Group Company
The Company is equipped with a robust framework of corporate governance that considers the long-term interest of every stakeholder as we operate. We are committed to integrity, fairness, equity, transparency, accountability and commitment to values. Our governance framework lays down effective procedures and mechanisms for enhancing leadership and productive collaboration among the employees, the government, communities it operates within and its shareholders.
Corporate governance is implemented through robust governance processes, internal control systems, strong audit mechanisms and an esteemed Board that offers a wide variety of perspectives guiding the current and future strategic direction and articulated through the Code of Conduct.
Director since: 1985
Independence: NA
Committees:
Areas of Expertise: Strategy, Executive Management, International
Mr. Sanjay Kirloskar is Chairman and Managing Director of Kirloskar Brothers Limited. Established in 1888, the Company is one of India’s oldest manufacturing companies. It is India’s largest centrifugal pump manufacturer and has 5 plants in India, along with manufacturing facilities in the Netherlands, South Africa, Thailand, the United Kingdom and the United States of America.
Mr. Sanjay Kirloskar holds a Bachelor’s in Science degree in Mechanical Engineering from the Illinois Institute of Technology in Chicago, USA.
He is also on the Boards of DCM Shriram Industries Limited, Kirloskar Ebara Pumps Limited, Kirloskar Brothers International BV, The Netherlands, Kirloskar Brothers (Thailand) Limited and SPP Pumps Limited, UK.
Director since: 2017
Independence: NA
Committees:
Areas of Expertise: Strategy, IT, Executive Management
Ms. Rama Kirloskar, is a Director on the Board of the Company, from 28th July, 2017 and has been appointed as a Joint Managing Director of the Company, from 3rd August, 2021. She currently serves as Joint Managing Director of Kirloskar Brothers Limited and Managing Director of Kirloskar Ebara Pumps Limited (KEPL). She has been instrumental in the turnaround of KEPL into a debt-free company. Previously, she was General Manager and Head of the Product Portfolio Management at Kirloskar Brothers Limited, where she was responsible for driving the Go-to-market strategy, product value management and restructuring for the mass production business; material grade rationalisation and streamlining for the foundry business and product rationalisation for the made-to-order business.
She holds a double major in Mathematics and Biology from Bryn Mawr College, USA. After graduation, she went on to work at Polaris Partners, a multi-stage venture capital firm that principally invests in technology, healthcare and consumer products, headquartered at Boston, MA, USA. Subsequently, she worked at the Koch Institute at Massachusetts Institute of Technology (MIT), USA. Her research led her and the team to begin working with Visterra Inc., an MIT biotechnology start-up company that currently uses its proprietary platform to design therapeutics for infectious diseases.
She is one of the authors of a publication in the journal Cell (Robinson et al., 2015, Cell 162,1–12, doi:10.1016/j.cell.2015.06.057), in the paper titled “Structure-Guided Design of an Anti-Dengue Antibody Directed to a Non-Immunodominant Epitope”.
She is also on the Boards of KPT Industries Limited, Karad Projects and Motors Limited and Prakar Investments Private Limited. She is a member of Corporate Social Responsibility Committee and Risk Management Committee.
Director since: 2012
Independence: NA
Committees:
Areas of Expertise: Strategy, Executive Management, International
Mr. Alok S. Kirloskar, a Non-Executive, Non-Independent Director on the Board of the Company. He has done his Bachelor of Science in Business Administration with concentration in Finance from Carnegie Mellon University, Pittsburgh, PA, USA. He had the honour to be on the Dean’s list for his academic excellence throughout the course.
Mr. Alok Kirloskar has been associated with the Company since September 2007. He was first entrusted with responsibilities of international marketing business and he acquainted himself with the functioning of various departments/sectors. Later, he was head of the industry sector of the Company, before he became the Director. He is on the Board of the Company since 18th July, 2012.
Before joining the Company, he worked with Sonasoft Corporation (Microsoft GPC) at San Jose, California, USA, as Business Development Manager. He had also interned at Nasa Girvan Institute of Technology, Santa Clara, USA and Toyota Motor Corporation, Torrance, USA.
Mr. Alok Kirloskar, is presently Managing Director – SPP Pumps Limited, Britain’s leading pump manufacturer and a subsidiary of the Company. He is also the Managing Director of Kirloskar Brothers International B.V. (KBI B.V). KBI B.V. is the holding company for the international business of Kirloskar Brothers Limited.
Mr. Alok Kirloskar is also a Director of SPP International (Pty.) Limited, SPP Pumps Inc, Micawber 784 (Proprietary) Limited, Braybar Pumps (Proprietary) Limited, SyncroFlo Inc., SPP Pumps Real Estate LLC, Rodelta Pumps International B.V., Rotaserve B.V., SPP Pumps (South Africa) (Pty.) Limited, which are subsidiaries of KBI B.V. He is also the Chairman of Kirloskar Corrocoat Pvt. Ltd., Kirloskar Pompen B.V. and Kirloskar Brothers (Thailand) Limited.
Committees:
Mr. Ravish Mittal is a qualified Chartered Accountant and has completed executive education from IIM Bangalore. He is a fellow member of the Institute of Directors India & London (F.IOD). He has work experience of over 28 years in the field of finance, strategic evaluation, risk analysis, treasury & forex management, investor relations, etc. He was working with Kirloskar Brothers Limited till February 2025 as the Vice President (Finance).
Mr. Bhavesh Chheda has rich experience of 23 years in Finance planning and analysis, risk management, treasury management, Merger and acquisition, ERP Implementation, International subsidiary operations, with over 10 years in leadership role. Mr. Bhavesh Chheda is qualified Chartered Accountant in year 2002 from Institute of Chartered Accountants of India and Executive Postgraduate Diploma in Business Management from Symbiosis Institute of Management in 2010. He was associated with organisations like Thermax Limited and Thermax Babcock & Wilcox Energy Solutions Private Limited before joining KBL.
Mr. Devang Trivedi is the Company Secretary and Compliance Officer and designated as the Key Managerial Personnel of Kirloskar Brothers Limited since March 2022.
Mr. Devang Trivedi is an Associate Member of the Institute of Company Secretaries of India and LLB from Gujarat University. He has over 24 years of proven success in the fields of Secretarial, Legal affairs and Compliance and has managed various company law assignments as required under the Companies Act and SEBI Regulations. He possesses hands-on experience in overall company secretarial functions involving mergers & amalgamations, joint ventures through his past assignments with companies like Finolex Industries Limited, Elecon Engineering Co. Limited, Thermax Limited and Torrent Cables Limited. Before joining KBL, he was associated with Adani Enterprises Limited, Ahmedabad.
Apart from Mr. Sanjay C. Kirloskar, Chairman & Managing Director (DOA – Director on 19th November, 1985 and Managing Director on 21st September, 1998), Ms. Rama S. Kirloskar – Joint Managing Director (DOA – Director on 28th July, 2017 and Joint MD on 3rd August, 2021) and Mr. Alok Kirloskar – Non-Executive Non-Independent Director (18th July, 2012), below are the other Directors on the Board of the Company:
Director since: June 2020
Independence: Yes
Committees:
Areas of Expertise: Strategy, Policy, Finance, Legal Framework, Executive Management, Commercial, International
Mr. M. S. Unnikrishnan (Unny) is the CEO of IITB-Monash Research Academy, a research institute dedicated to a PhD program in cutting-edge technologies and management, jointly promoted by IIT Bombay and the Monash University of Australia. He has previously held the position of M.D. & CEO of Thermax Group for over 13 years and played a pivotal role in the growth, professionalisation and globalisation of the Company.
He serves on the Board of KEC International, Greaves Cotton Limited, Livguard Energy Technologies Pvt. Ltd. and Ground Screw Pvt. Ltd. He is also a trustee of “Akshaya Patra”, the largest NGO of India that feeds 19 Lakhs/day underprivileged school children and Jehangir Hospital, Pune.
Mr. Unnikrishnan is a member of the Governing Councils of TERI and Army Institute of Technology.
A graduate in Mechanical Engineering from VNIT, Nagpur, he has also completed his Advanced Management Program from the Harvard Business School, Boston, USA. He continues to be a keen student of energy, environment and management.
Director since: May 2021
Independence: Yes
Committees:
Areas of Expertise: Strategy, Finance, Executive Management, Commercial, International
Mr. Shobinder Duggal is an Independent Director of our Company. He holds a Bachelor’s degree in Economics (Hons.) from St. Stephens College, Delhi University and is a member of Institute of Chartered Accountants of India. He has completed the International General Management program for executive development from the International Institute for Management Development, Lausanne, Switzerland. He has several years of experience and in the past has held positions at Nestle. While he was the Chief Financial Officer at Nestle Group in India and Switzerland, he was presented with the Best MNC CFO award at the Best CFO Awards 2012 by Business Today and Business India. Earlier, he served as a member on the boards of Nestle India Limited and Nestle Lanka PLC and is presently on the boards of SBI Life Insurance Company Limited, Sanofi Consumer Healthcare India Limited, ABB India Limited and PI Industries Limited.
Director since:May 2021
Independence: Yes
Committees:
Areas of Expertise: Strategy, Executive Management, International
Mr. Shrinivas V Dempo is Chairman of the Goa-based Dempo Group of Companies, having diversified interests in industries such as calcined petroleum coke, shipbuilding, food processing, real estate and newspaper publishing. Under his leadership, the group has expanded its influence and maintained a strong reputation in both industrial and community development.
He’s the immediate Past President of the Goa Chamber of Commerce and Industry (GCCI) and previously been Chairman of the Western Region of the Confederation of Indian Industry (CII) and President of the All India Management Association (AIMA). He is the Chairman (Independent Director) of the Automobile Corporation of Goa Ltd, a Tata Group Company. Additionally, he serves as the Honorary Vice Consul of Italy in Goa, India, since 2013.
Mr. Dempo has a deep association with football, having patronised a premier football club and served as President of the Goa Football Association (GFA) and Vice President of the All India Football Federation (AIFF) in the past. Beyond football, he is an ardent supporter of cricket and table tennis. He is a co-promoter of Goa Challengers Team of Ultimate Table Tennis (UTT), India’s premier professional table tennis league, reflecting his passion for fostering sports development in the country.
In academia, Mr. Dempo is a member of the Executive Council of Goa University and a Trustee on the Board of Carnegie Mellon University (CMU) in Pittsburgh, USA. His philanthropic efforts include affiliations with organisations like the Charles Correa Foundation and the Goa Cancer Society, reflecting his commitment to societal well-being.
Mr. Dempo earned his Bachelor’s and Master’s degrees from the University of Mumbai in 1990 and 1992 respectively. In 1995, he completed his Master of Science in Industrial Administration & Finance from Carnegie Mellon University, Pittsburgh, Pennsylvania, USA.
Director since:May 2021
Independence: Yes
Committees:
Areas of Expertise: Finance, Executive Management, Commercial
Ms. Ramni Nirula retired as Senior General Manager of ICICI Bank Limited. She has more than 4 decades of experience in the financial services sector, beginning her career with the erstwhile ICICI Limited in the project appraisal division. Since then, she has held various leadership positions in areas of Project Financing, Strategy, Planning & Resources and Corporate Banking. She was part of the top management team instrumental in transforming ICICI Bank from a term lending institution into a technology led diversified financial services group with a strong presence in India’s retail financial services market. She was also part of the top-level task force, which successfully planned and implemented ICICI Bank’s entry in the Rural Banking, Microfinance & Agriculture Business group, identified by the Bank as a key thrust area. Ms. Nirula also held key position as Managing Director & CEO of ICICI Securities Limited, the Investment Banking arm of ICICI Bank Limited. She also headed the Corporate Banking Group for ICICI Bank.
In addition, she was also responsible for setting up the Government Banking/Corporate Agri Group based out of New Delhi within the bank. Ms. Nirula helped to set up/take forward I-Banks’ CSR initiative through the ICICI Foundation set up with a focus on delivery of primary health, primary education and access to finance. Ms. Nirula has been a member of the Board of many ICICI Group and associate companies i.e. ICICI Securities Limited, ICICI Direct and 3i Infotech. Additionally, she has been a member of Board of leading companies in India.
Ms. Nirula has been a member of the Board of many ICICI Group and associate companies i.e. ICICI Securities Limited, ICICI Direct and 3i Infotech. Additionally, she has been a member of Board of leading companies in India. Ms. Nirula has also been on the Board of non-corporates like a leading residential school for girls, a Micro Finance Institution in India and Advisory Council Member of ICICI Knowledge Park Trust. In addition to the Corporate Boards, Ms. Nirula was on the India Advisory Board of a Boston-based global PE fund for advising on investment opportunities in India and supporting investee companies in their biz growth.
Ms. Nirula holds a Bachelor’s Degree in Economic and a Master’s degree in Business Administration from Delhi University. Currently, Ms. Nirula is on the Boards of HEG Limited and Usha Martin Limited.
Director since:October 2021
Independence: Yes
Committees:
Areas of Expertise: Strategy, Executive Management, IT, International
Mr. Vivek Pendharkar is a Technology Executive based in Silicon Valley for 30+ years with experience spanning Fortune 500 companies as well as Early-Stage Venture backed start-ups and CEO positions for the past 15 years, delivering complete life-cycle from Series-A financings, building teams, establishing Product-Market fit, revenue ramp and successful M&A/exits.
He has worked in successive breakthrough technologies emerging out of Silicon Valley starting with Microprocessors, Systems, Software, Internet, Video, Wireless, Cloud and Data technologies. He has extensive international experience with customers, partners and teams across Europe, Asia-Pacific/Japan and Americas. Currently, he is on the Advisory Board & Mentoring for technology companies/Founders in Enterprise Software, Security and Digital Health markets.
He has done SEP, Business Administration from Stanford University Graduate School of Business, MSEE, Computer Engineering from Virginia Tech. BS Electrical Engineering from Birla Institute of Technology and Science Pilani.
Director since: October 2021
Independence: Yes
Committees:
Areas of Expertise: Strategy, Executive Management, International
Ms. Rekha Sethi is the Director General of the All-India Management Association (AIMA), the apex body for management in India. Ms. Sethi took charge of AIMA in June 2008. She has since established AIMA as the preferred platform for discussion and debate on management and has deepened AIMA’s relationship with the Government of India and India Inc. AIMA now attracts India’s top industry leaders and policy makers on its platform.
Ms. Sethi is on the Boards of some leading Indian companies as an Independent Director including SAMIL – Samvardhana Motherson International Ltd. – a diversified global manufacturing specialist and one of the world’s largest and fastest growing automotive supplier for OEMs, with 400 plants across 44 countries. She is on the Board of Spencer’s Retail Ltd. – one of India’s leading retailers and also on the Board of Hero Steels Limited manufacturing steel products and Firstsource Solutions Limited.
She has earlier served on the Board of Sun Pharmaceutical Industries Ltd, world’s fourth-largest generic pharmaceutical company and India’s top pharmaceutical company and on the Boards of Sun Pharma Laboratories Ltd., Sun Pharma Distributors Ltd. and CESC, one of India’s foremost power generation and distribution companies and the flagship company in the RP-Sanjiv Goenka Group.
Prior to joining AIMA, Ms. Sethi worked with India’s premier industry organisation, the Confederation of Indian Industry (CII) for over 17 years. There she led the initiative to create high-profile international events to promote India’s economic interests. She started her career with the Center for Development of Telematics (C-DoT). Ms. Sethi is an alumnus of St. Stephens College, Delhi University.
Director since: August 2023
Independence: Yes
Committees:
Areas of Expertise: Strategy, Executive Management, Commercial, International Finance and Legal Framework
Mr. Vinayak Deshpande, is a graduate in Chemical Engineering (1980) from IIT, Kharagpur. He has over 42 years of experience, largely in 2 domains; industrial automation, software, advanced controls and Level 4 MES, Optimisation (Honeywell) and large infrastructure projects spanning Telecom, Power Generation, Refinery & Petrochem, Minerals & Metals, Urban Infrastructure with metros, bridges and airports.
In the last 23 years, he has occupied Chief Executive Officer (CXO) positions starting as Managing Director at Tata Honeywell in 2000, then at Tata Teleservices, HCC and Tata Projects. He possesses deep experience in business management, strategy & new business formulation, investment analysis and implementation of large, nation building projects and HR and talent development.
He has been extensively engaged in design, engineering & innovation, business process re-engineering, corporate quality and business excellence management and has been a long-term member of Tata Innovation forum, TAS recruitment panel and a Mentor in TBEM (Tata Business Excellence Model), a Tata Group-wide excellence platform.
Mr. Deshpande presently serves on the Boards of Voltas Ltd., Universal MEP Projects & Engineering Services Ltd., Praj Industries Limited and Signify Innovations India Ltd. (Chairman). He is Chairman of Safety Committee and Member of Project Risk Committee of Voltas Ltd.
He is also Chairman for Structural Engineering Research Council of the CSIR, Government of India. Until recently, he was Co-Chair for CII – Construction Committee. He has also served as Chairman, Pune Metro, Line 3, a Tata-Siemens JV in PPP Format.
Director since: 14th May, 2025
Independence: Yes
Committees:
Areas of Expertise: Strategy, Policy, International
Mr. Pradyumna Vyas has acquired Masters in Industrial Design (M Des.) from the Indian Institute of Technology, Bombay and was awarded an Honorary Master of Arts degree from the University for the Creative Arts in Farnham, United Kingdom in 2010.
With more than 38 years of professional and teaching experience in different spheres of design, Prof. Vyas was associated with NID for 30 years, first as a faculty member and later as the Director of the Institute from 2009-2019.
He is a former Director of National Institute of Design (NID), India’s premier design institute. He is currently the senior Advisor for Design Promotion and Innovation at the Confederation of Indian Industry (CII) and President-elect of the World Design Organisation (WDO). He has also been chairing the jury of the Design Excellence Award organised by Business World one of the leading business magazines of India. Appointed as a member of the Academic Committee of the World Eco-Design Conference (UN Consultative status NGO) in 2024.
Mr. Vyas has been conferred with multiple awards like below:
He has been at the helm of design affairs in India and globally and his illustrious career has been marked with several national and international milestones and accolades.
The Board of the Company consists of optimum combination of executive and non-executive directors. 70% of the Board comprises of Independent Directors which helps in getting varied perspective on the table which ultimately helps in decision-making process. The Board consists of 3 women directors bringing in the gender diversity.
The Board comprises directors who collectively have the skills, knowledge and experience to effectively govern and direct the organisation as required in the context of its business and sectors for it to function effectively. Highly skilled and experienced Directors have contributed immensely for achieving highest standards of corporate governance by implementation of best practices from various industries and accelerating the growth of the Company.
as on 14th May, 2025
Karad Projects and Motors Limited (KPML)
Mr. K. Taranath – Chairman
Mr. Ravindra Samant – Managing Director
Mr. Chittaranjan Mate –
Non-Executive Director
Ms. Rama Kirloskar – Non-Executive
Director
Ms.
Manjiri Jawadekar – Non-Executive Director
Kirloskar Corrocoat Private Limited (KCPL)
Mr. Alok Kirloskar – Chairman
Mr. Chittaranjan Mate – Non-Executive Director
Mr. Clive Harper –
Non-Executive Director
The Kolhapur Steel Limited (TKSL)
Mr. Rajkumar Assudani – Managing Director
Mr. Ravindra Samant – Non-Executive Director
Mr. K Taranath – Non-Executive Director
Mr. Achyut Dhadphale – Non-Executive Director
Mr. Suresh Deshpande – Non-Executive Director
Mr. Rudrappa Mahajan – Non-Executive Director
Kirloskar Ebara Pumps Limited (KEPL)
Mr. Sanjay C. Kirloskar – Chairman
Ms. Rama Kirloskar – Managing Director
Mr. Achyut Dhadphale – Independent Director
Mr. Akshay Dhar – Independent Director
Mr. Ajay Deshpande – Independent Director
