Kirloskar Oil Engines Ltd. Company History and Annual Growth Details

The Company was incorporated on 12 January 2009 as public limited company. The Company was incorporated with the primary objective of taking over of ‘Engine and auto component business’ of erstwhile KOEL under the scheme on going concern basis. Pursuant to Scheme of
Arrangement between the KIL and the Company and their respective shareholders and creditors, as approved by the Hon’ble High Court of Judicature at Bombay vide its orders dated 31 July 2009 read with its order 19 March 2010, engines and auto components business of KIL was vested
with the Company on becoming effective of the Scheme. The name of the Company has been changed to Kirloskar Oil Engines Limited as per said Scheme. The Registrar of Companies, Maharashtra, Pune has issued a fresh certificate of incorporation dated 2 June 2010.

2010
-Company has changed its name from Kirloskar Engines India Ltd. to Kirloskar Oil Engines Ltd.

2011
-Kirloskar Oil Engines Ltd. received two awards from Frost & Sullivan for being the "Most preferred brand in the manufacturing industry segment & for the Customer Service Support Leadership-below 250kVA".
-Kirloskar Oil Engines Ltd Board of Directors has recommended final dividend of Rs. 4/- (200 %) per equity share of Rs. 2/- each for the financial year.
-Kirloskar Oil Engines Ltd has informed BSE that the Company has launched its new website viz. www.koel.co.in.
-Company has now become a subsidiary of KBIL as per Section 4(3)(b)(ii) of the Companies Act, 1956.

2012
-EEPC confers 'Star Performer Award' to Kirloskar Oil Engines for the fourth consecutive time.
-Kirloskar Oil Engines Ltd has approved a buy back of fully paid up equity shares of the Company by way of open market through stock exchange route at a maximum price of Rs. 170/-.

2013
-Kirloskar Oil Engines Limited announces the Ten Year Service Promise.
-Kirloskar Oil Engines Ltd have recommended final dividend of Rs. 5/- (250 %) per equity share of Rs. 2/- each for the financial year.


2014
-KOEL along with its Channel Partners Wholeheartedly Welcomes New CPCB-II Norms.
-KOEL goes a step ahead of competitors with CPCB II compliant genset launch.
-Kirloskar Green is now KOEL Green.

2015
-'KOEL AMERICAS CORP.' has become a wholly owned subsidiary of the Company
-Kirloskar Oil Engines Ltd Honored With IMS Certification
-Kirloskar Oil Engines Ltd signs MoU with MTU Friedrichshafen, GmbH

2017
-Kirloskar Oil Engine acquires 76% of equity shares of La-Gajjar Machineries Pvt. Ltd.

2018
-Kirloskar Oil Engines Ltd was awarded Noteworthy Water efficient Unit" award at CII Water awards 2018

2019
-KOEL Awarded CII EXIM Bank Award for Business Excellence 2019
-Kirloskar Oil Engines Ltd was awarded KP-II Team won Gold Award in Safety Skit category at QCFI Bhosari chapter Pune Safety competitions 2019