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Kirloskar Brothers Ltd. Company History and Annual Growth Details

1920 - The company was incorporated on 15th January, at, Kirloskarvadi,
Maharashtra. It manufactures agricultural implements, power
driven pumps, Sugarcane crushers, centrifugal pumps, sluice
valves, reflux valves, concrete mixers, decorticators, machine
tools, vertical turret lathes and horizontal boring machines etc.
The company also deals in other engineering products, which are
marketed under the trade name 'Kirloskar'.

- Kirloskar Silk Industries Ltd., Kirloskar Copeland Ltd., and
Pooja Credits ar subsidiaries of the Company.

1977 - 3,27,081 Bonus Equity shares issued in prop. 2:3 during 1975-76.

1978 - Some forfeited shares reissued or forfeiture annulled. 4,08,935
rights equity shares issued at par in prop. 1:2 during 1978-79.
Arrears Rs 2,82,185.

1980 - 60,000-9% Pref. shares redeemed on 31st July 1981. Forfeiture on
32 No. of Equity shares annulled. Arrears Rs 11,624.

1982 - Forfeiture on 227 No. of equity shares of Rs 25 each annulled.
Equity shares subdivided on 20th May 1983. Arrears Rs 10,549.

1983 - Two new joint venture companies were incorporated, viz.,
Kirloskar Rateau Ltd., a 100% export oriented unit in India and
Rateau Kirloskar international, Paris as a marketing company in
co-operation with Alsthom Atlantique of Paris. Hence it became a
subsidiary of the Company since its incorporation on 23rd April,

- 1,980 Bonus Equity shares allotted on consolidation of
fractional bonus coupons. 810 No. of equity shares forfeited.

1984 - Kirloskar Rateau Ltd., which was proposed to be set up plant near
Kirloskar for the manufacture and export of specialise multistage
pumps, was not activised pending various approvals and
clearances. The Company did not receive the necessary
permission from the Govt. to invest in Kirloskar Rateau Ltd.,
though Alsthom Atlantique of Paris was granted the requisite

- The Company issued 50,000-15% secured, redeemable,
non-convertible debentures of Rs 100 (III Series), each at par as
rights in the prop. 10 debentures for every 655 No. of equity
shares held and 10 debentures for every 262-9.5% cumulative
preference shares held.

- A further 25,000-15% secured, redeemable non-convertible
debentures of Rs 100 each were privately placed. All the 75,000
debentures are redeemable under a non-cumulative interest scheme
at a premium of 5% on 20th June, 1992, and under a cumulative
interest scheme n three yearly instalments of Rs 35 each
commencing from the expiry of the 7th year of allotment with
premium paid in the first instalments.

- Pref. shares redeemed on 1st July 1985. Forfeiture on some
shares annulled.

1985 - Authorised capital reclassified.

1986 - The Company has entered into foreign collaboration agreements
with M/s. Oil Tool Specialities Co., U.S.A., for the manufacture
of Christmas trees and conventional wellhead assembles; with M/s.
Godiva Fire Pumps Ltd, U.K., for the manufacture of fire
fightings pumps and with M/s. Nikkiso Co Ltd., Japan for the
manufacture of canned motor pumps.

1988 - During September-October, the Company offered 3,45,000-14%
secured non-convertible debentures of Rs 100 each (IV Series) on
rights basis to the shareholders and debentures holders (I
Series) in the following proportion:

- (i) 1 deb: 225 No. of equity shares to the equity shareholders
and (ii) 1 deb: 1 deb. for debenture holders (Series). Only
74,486 debentures were taken up. The unsubscribed portion of
2,70,514 debs. were allotted on private placement basis. These
debentures are redeemable at a premium of 5% on the expiry of 7
years from the allotment date.

- The Company privately placed with SBI Capital Markets, Ltd.,
14%-1,00,000 secured redeemable non-convertible debentures of Rs
100 each. These debentures are redeemable in three equal annual
instalments of Rs 35 each on 1st June of 1995, 1996 and 1997 at
a premium of 5% included in the second instalment.

1989 - The mobile fire fighting pumpsets manufactured in technical
collaboration with Godiva Fire Pumps Ltd. U.K. was well received
in the market.

- The Company received a letter of intent for expansion in the
manufacture of hermetically sealed compressors from the existing
100,000 nos. to 500,000 nos. per annum.

1990 - On 26th July, the Company allotted 200,000-14% secured redeemable
non-convertible debentures of Rs 100 each (VI Series) on private
placement basis to LIC mutual fund. These debentures were to be
redeemed in three equal annual instalments of Rs 35 each on the
1st June of 1995, 1996, 1997 respectively at a premium of Rs 5
per debenture.

- The non-cumulative debentures and 30% of cumulative debentures
out of the third series were redeemed on 19th June 1992.

1991 - The plant for manufacturing submersible pumps under licence from
Ebara Italia S.P.A. was being erected in Shindewad, near Shirwal.

- The Company withdrew from SPP International Ltd., U.K., and SPP
Inc., U.S.A. by disposing of its investments, after obtaining
necessary approvals.

1994 - The first half of the year was a difficult period for the
company with poor sales and profitability. This was attributed
to re-engineering at the Company's factories that led to
disruption in production and confusion in respect of levy
excise duty on pump components disrupting sales.

- 11,30,935 No. of Equity shares of Rs 10 each were allotted to
associate companies on preferential basis.

- The Company entering into technical collaborations with world
renowned companies for manufacture of pumps, machine tools and
hermetic compressors.

- The Company received the Export Excellence Award from the
Government of India for the seventh year in a row.

1995 - The Cast Iron foundry at Kirloskarvadi was upgraded to meet
international challenges, thereby increasing its productivity.

- Sigmund Pulsometer Pumps, Ltd., Reading, U.K. (SPP), the
Company's sole distributors for U.K. and Western Europe proposed
that a separate marketing company be formed under the name SPP
Inc., Baltimore, U.S.A. (SPP) for handling the sale of certain
other products developed with the help of SPP and manufactured by
the Company.

- The Company signed a technical collaboration agreement with
Corrocoat Ltd. U.K. for the manufacture of anti-corrosion
coatings for pumps.

- During March, the Company allotted 11,30,935 No. of equity
shares of Rs 10 each to associate companies on preferential
basis. Subsequently in April 1995 the Company allotted 8,33,033
No. of equity shares at par to an associate company.

- 8,33,033 No. of equity shares of Rs.10 each (prem. 211.83 per
share) were allotted against Warrants to Group companies on
preferential basis.

1996 - A new series of canned motor pumps in the range of 0-200 KW will
be introduced during the year.

- To enter the power generation sector the company has signed a
co-operation and Technology Transfer agreement with
Finmeccahica S.p.A. Azienda Ansaldo of Italy for manufacture of
steam turbines.

- 20,14,559 bonus shares issued in the prop. 2:5.

1997 - The Company inaugurated its Anti Corrosion coating plant at
Kirloskarvadi with a capacity of 150 tonnes per annum.

- The Company has allotted 20,14,559 No. of equity shares of Rs.
10/- each as Bonus Shares by capitalisation of part of share
premium account.

- The company is negotiating a technical tie-up with Japanese silk
major, Mitsubishi, for bringing in the world's highest grade
silk to India.

- KBL has entered into a technical cooperation agreement with
Taramomeccanica SpA (TM), Italy for CVP.

- Kirloskar Brothers signed a memorandum of understanding with
the Laos government for a joint venture to manufacture high
capacity pumps for irrigating agricultural farms.

1998 - KBL signed an agreement with Ebara Corporation of Japan,
the world's second largest manufacturer of pumps and turbines,
to manufacture that company's range of hydro turbines up to 10
MW capacity for a single unit.

- India's second concrete volute pump station built by KBH at
National Thermal Power Corporation 2500 MW Super Thermal Power
Project at Vindhyachal was commissioned.

1999 - Toyota-Kirloskar, the 50:50 joint venture betweenToyota and
Kirloskar Brothers, is setting up its first service
station-cum-showroom at Goregoan in suburban Mumbai.

- KBL has entered into a distribution agreement with Erhard Gmbh
and Co, Germany, one of the leading manufacturers of gate,
butterfly, ballcheck


-Moved its entire business of sales and distribution of fluid pumps and a part of its projects business on-line, for both the domestic as well as international customers.


-Approves a proposal for buyback of its shares

-Increases its stake by acquiring 4,91,016 more equity shares in KOEL, the company informed the Bombay Stock Exchange.

-Bagged two orders worth Rs 519 crore, including Sardar Sarovar Nigam's Rs 442-crore contract to manufacture and commission pump stations in Saurashtra

-Introduces a Voluntary Retirement Scheme (VRS) for workers and technicians at its Dewas plant (Madhya Pradesh).

-Received an order from Gujarat Mineral Development Corporation ltd for supply of circulating water pumping package on a turnkey basis for its 2x125 mw Akrimota Thermal Power Project valued at about Rs 30 crore.


-Bagged an Order worth US $ 5,000,000/- from the Ministry of Water Resources and Meteorology, Phnom Penh, The Royal Government of Cambodia.

-Board approved for investments to be made in a Special Purpose Vehicle overseas with a view to exploring business and marketing opportunities

-Acquires certain assets and businesses of the UK-based SPP Pumps Ltd, a part of Thyssen Bornemiscza Group.

-Invested 19,50,000 GBP (Rs 14,90,77,500) in the share capital of a JV Company incorporated in the United Kingdom.

-Declares 'SLK Birth Centenary Year Special Interim Dividend' @ 100% on the equity shares of the Company for the year 2003-2004


-Company and Hindustan Construction Company Ltd (HCC) had jointly submitted a bid for Devadula - Godavari lift Irrigation Scheme of Government of Andhra Pradesh. The Contract has been awarded to HCC and the Company as joint bidders.

-KBL bags contract worth 1240 million

-Kirloskar Brothers Ltd (KBL) launched its new generation submersible pump 'Champion 2'

-Kirloskar Brothers Ltd has informed that it has bagged an order worth Rs 41,40,00,000 from Bharatiya Nabhikiya Vidyut Nigam Ltd acting through Nuclear Power Corporation of India Ltd, Mumbai for design, drawing, manufacture and supply etc of 3 primary sodium pumps, its spares and accessories

-Delist from Pune Stock Exchange w.e.f. October 14, 2004.


-Kirloskar Brothers Limited has informed that at the Annual General Meeting of the Company held on July 18, 2008, the members have approved re-appointment of retiring directors i.e. Mr. S. S. Marathe, Mr. P.S. Jawadekar, Mr. M. G. Padhye and Mr. Rahul C. Kirloskar.
Oct 21, 12:00 am
Oct 21, 4:14 pm
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