|Promoted by Kirloskar Brothers Ltd., Pune, the Company was incorporated in Bangalore on 26th July, 1946 under the Mysore Companies Act XVIII of 1938, with technical and financial participation of well known British Company i.e. Brush Electrical Engineering Company Ltd., Loughborough, England, which is now a member of Hawker Siddeley Group.
Kirloskar Brothers Ltd. is a Public Limited Company, incorporated under the Indian Companies Act, VII of 1913, on 15th January, 1920. This Company is engaged in the manufacture and sale of power driven pumps, metal cutting including grinding machines, valves, hermetic sealed compressor units, hydraulic and pneumatic equipment etc.
Kirloskar Electric Company Limited is a well established and professionally managed company of 45 years standing, of the Kirloskar Group. It has an unbroken dividend record of 37 years, six Bonus Issues and four Right issues. The main business activity of the Company is the manufacture and sale of a diverse range of electrical and electronic equipments such as AC Induction Motors, Transformers, AC Generators, DC Machines, Control Equipment and Systems, Power Electronics products. Instrumentation. Automation and Systems Division of the Company has specialised in executing 'System Packages' for large industries like steel, fertilisers, cement, sugar and other core sectors.
The Company has four manufacturing plants - the first unit at Bangalore produces higher range AC machines, Transformers, and Control Equipments; the second unit at Hubli turns out small and medium range AC Machines, the third unit at Peenya, Bangalore, produces DC Machines and the fourth unit at Mysore specialises in Electronic products.
The accounting year was changed from 30th June to 31st March, in 1989.
The Board of Industrial & Financial Reconstrction (BIFR), New Delhi, vide their sanction dated 21-12-1992 has approved the scheme of amalgamation of Wardhaman Automotive Electrical Ltd (WAEL), with the Company with effect from 1-4-1992 being the transfer date.
-Kirloskar Electric Company Ltd has appointed Mr. V P Mahendra and Mr. Kamlesh Gandhi as Additional Directors of the Company.