- Business
- Kirloskar Oil Engines Limited (KOEL), a flagship company of the Kirloskar Group founded in 1946 and headquartered in Khadki, Pune, India, manufactures and distributes a comprehensive range of diesel engines, generator sets, and related equipment; core offerings include air-cooled and liquid-cooled diesel engines for power generation from 3 kVA to 12,000 kVA under the Kirloskar Green brand, industrial engines powering earthmoving, construction, mining, fluid handling, material handling, and marine applications; agricultural engines and diesel pump sets for irrigation, power tillers, electric pump sets, fire fighting systems, and water management solutions; as well as after-sales support, tractor spares, oils, batteries, and marine propulsion engines. The company operates four state-of-the-art manufacturing facilities in Pune, Nashik, Rajkot, and Kolhapur, with a workforce exceeding 3,100 employees, and maintains a global footprint exporting to over 50 countries across the Middle East, Africa, Southeast Asia, Latin America, and beyond through regional offices in Dubai, Nairobi, Johannesburg, and a network of distributors. In recent developments, KOEL secured a Rs 270 crore order from the Defence Ministry in 2025 for marine diesel engine development under the Make in India initiative; transferred its water management solutions domestic and exports business (B2C segment) via slump sale to wholly owned subsidiary La-Gajjar Machineries Private Limited in October 2025 to enhance operational efficiency, accelerate B2C growth, and sharpen B2B focus; consolidated five smaller plants into a mega facility at Sanand with INR 1.4 billion investment; committed INR 10 billion over the next two years for engine capacity expansion at Kagal, the Indian Navy project, digitization, and potential strategic acquisitions aligned with diversification into batteries, hydrogen, methanol, ethanol, and microgrids; and incorporated a wholly owned subsidiary in the UAE.