About the Company

Kirloskar Oil Engines Limited (KOEL) is a leading manufacturer of internal combustion engines and generator sets, with a strong presence across India and select international markets. Its portfolio spans fuel‑agnostic gensets (3 kVA to 12,000 kVA), industrial engines (2.5 HP to 1,650 HP), firefighting systems, water management solutions (diesel and electric pumps), farm mechanisation equipment and electric motors. KOEL serves a wide array of sectors, including residential, telecom, data centres, infrastructure, defence, hospitality, manufacturing, railways, mining, agriculture and fisheries, and offers alternative‑fuel solutions such as biodiesel, natural gas, Hydrogen Fuel Enhanced Combustion and biogas engines. The Company operates 5 manufacturing facilities and had 2,476 permanent employees during the year.

KOEL traces its roots to 1946, when the Engines’ Company was established; milestones include entry into residential gensets in 2012, incorporation of KOEL Americas in 2016, and a business transformation under the 2X3Y roadmap in 2023 including transition to CPCB IV+ emission norms and the completion of the La‑Gajjar Machineries acquisition. In FY 2025, KOEL continued evolving from a power generation company to a comprehensive energy solutions provider, investing across four technology tracks: Internal Combustion Engines, Energy storage solutions, Electrification, and Fuel cells and electrolysers.

Geographically, KOEL serves select countries in North America, Europe, South America, Asia and Africa, and maintains offices in Dubai, South Africa and Houston (USA). As at March 31, 2025, the Company had 4 subsidiaries .

Key milestones

– Kagal plant inaugurated (2010); KOEL Americas incorporation (2016); CPCB IV+ transition (2023)  .
– Development of in‑house, lightweight 1,000 kVA genset; widest engine and genset range from 3 kVA to 12,000 kVA reinforced during the year  .

Business Segments

– B2B segment contributed 87.39 per cent of turnover; B2C segment contributed 12.61 per cent (FY 2024‑25) .
– Exports contributed 10.46 per cent of total turnover; the balance was domestic (FY 2024‑25) .

Key Management

– Atul Kirloskar – Chairman
– Gauri Kirloskar – Managing Director
– Rahul Sahai – Chief Executive Officer
– Sachin Kejriwal – Chief Financial Officer
– Farah Irani – Company Secretary & Compliance Officer

 Latest Updates

– Strategic ambition reset to the “2B2B Strategy” to become a USD 2 billion organisation by FY 2030, building on the concluded 2X3Y journey .
– Planned capex of Rs 700 crore over the next 2–3 years to strengthen manufacturing, accelerate product innovation and drive plant automation; Rs 237 crore spent in FY 2025 .
– New wholly owned subsidiary incorporated in the UAE, Kirloskar International ME FZE, on January 7, 2025 .
– La‑Gajjar Machineries consolidated five pump manufacturing units into a single, state‑of‑the‑art facility at Sanand; plant inaugurated on September 12, 2024 .
– Prestigious Project Sanction Order from the Indian Navy under the Make‑I category to design and develop a 6 MW medium‑speed marine diesel engine (PSO signed April 2, 2025); Rs 270 crore sanctioned for prototype development with 70 Per cent funding by the Government of India .
– Successful launch and sales of Optiprime solutions; B2B portfolio transitioned to CPCB IV+ and BS V emission norms during the year .
– Recognitions included the “Gold Award” at QCFI Pune in Energy Conservation Competition 2024 and CII National Award for Excellence in Water Management