About Kalyani Investment Company Limited

Kalyani Investment Company Limited (KICL) is a public limited company incorporated in June 2009 and domiciled in India. Its equity shares are listed on BSE Limited and the National Stock Exchange of India Limited (NSE). The registered office is located at Mundhwa, Pune – 411 036 (CIN: L65993PN2009PLC134196).

The Company operates as a Core Investment Company (CIC), holding over 60% of its net assets in the form of investments, and is primarily engaged in making strategic investments in group companies. It functions as a single-segment enterprise, focusing on capital stewardship and value creation within the Kalyani Group ecosystem.

KICL’s principal revenue streams include dividends, interest income, and gains on investments, in line with its mandate as a holding and investment entity. All assets are located in India, reflecting its domestic orientation.

As of March 31, 2025, the Company had no subsidiaries or joint ventures, and one associate company, reaffirming its structure as a strategic investment vehicle rather than an operating conglomerate. The holding company, Sundaram Trading and Investment Private Limited, owned 60.94% of KICL’s equity, providing a stable promoter foundation.

Investment Mandate and Activities

The Company focuses on capital allocation and portfolio management, investing in:

• Equity shares, preference shares, and mutual funds of group and select external entities. 
• Managing and monitoring investments within a disciplined governance and risk framework. 

Its operational model is designed to generate consistent income through long-term holdings and capital appreciation.

Kalyani Investment Company Limited Key Milestones

• 2009: Incorporated as a public limited company; equity shares listed on BSE and NSE. 
• 2009: Acquisition of associate investment (October 1, 2009), reflecting long-term strategic positioning. 
• FY 2024–25: Completion of the Sixteenth Annual Report, marking over 15 years of operations as a listed investment holding company. 
• FY 2024–25: Achieved 98.56% dematerialisation of equity shares, improving liquidity and investor convenience. 

Business Segments

[Section intentionally omitted, as the Annual Report presents the Company as a single operating segment and does not provide revenue or segmental disclosures by geography or vertical.]

Kalyani Investment Company Limited Key Management

• Amit B. Kalyani – Chairman (Non-Executive) 
• Deeksha A. Kalyani – Non-Executive Director 
• R. K. Goyal – Non-Executive Director 
• S. K. Adivarekar – Independent Director 
• S. G. Joglekar – Independent Director 
• S. A. Shah – Independent Director 
• Shekhar Bhivpathaki – Chief Executive Officer & Chief Financial Officer 
• Nihal Gupta – Company Secretary & Compliance Officer 

Latest Updates on Kalyani Investment Company Limited

Governance and compliance:
The Statutory Auditors issued unmodified opinions on both Standalone and Consolidated Financial Statements for FY 2024–25, confirming adherence to Indian Accounting Standards (Ind AS) and sound internal controls.

Secretarial audit:
The Board recommended appointment of SVD & Associates, Practicing Company Secretaries (Pune), as Secretarial Auditors for a five-year term, from the conclusion of the Sixteenth AGM till the Twenty-First AGM (2030).

Board committees and investor services:

The Share Transfer Committee convened sixteen times during FY 2024–25. Upon reconstitution, R. K. Goyal was appointed Chairman effective December 1, 2024, succeeding S. G. Joglekar, who served until November 30, 2024.

Management changes:
A change in Company Secretary occurred during the year—Mr. Nihal Gupta assumed charge on November 13, 2024, succeeding Mr. Anirvinna A. Bhave, who served up to October 18, 2024.

Operating profile reaffirmed:
KICL continues as a single-segment investor, with all assets based in India, one associate, and no subsidiaries or joint ventures as of March 31, 2025.

Stability disclosures:
The Board confirmed no material adverse events after March 31, 2025, and no significant orders from regulators or courts affecting going concern status or future operations.