- Business
- Kirloskar Industries Limited (KIRLOSIND:NSI), an India-based holding company incorporated in 1978 and headquartered in Pune, Maharashtra, operates across wind power generation, investments in securities and properties, real estate development, iron castings, and tube and steel manufacturing; its core products and services encompass the sale of wind power units from seven generators in Maharashtra with 5.6 megawatts capacity, investments in group companies including leasing of properties in Pune, New Delhi, and Jaipur, development of real estate projects through subsidiary Avante Spaces Limited, production of iron castings primarily via 51%-owned subsidiary Kirloskar Ferrous Industries Limited, and manufacturing of seamless tubes, cylinder tubes, components, and engineering steels serving sectors such as agriculture, oil and gas, infrastructure, food and beverage, and manufacturing. The company generates over 90% of standalone income from dividend income from group companies and property licensing fees, while consolidated revenues derive predominantly from iron castings through Kirloskar Ferrous Industries Limited, supplemented by tubes, wind power, and investments. Recent developments include Kirloskar Ferrous Industries Limited securing a ₹358 crore contract from ONGC for EUE tubing in October 2025, planned maintenance shutdowns at its Baramati and Hiriyur plants in October 2025 to optimize operations, a decision in January 2025 to challenge a SEBI directive, relocation of its registered office to 'One Avante' on Karve Road, Kothrud, Pune effective December 1, 2024, and a Q4 fiscal 2025 profit growth of 42.4% to ₹62.46 crore with 9.8% revenue increase as of May 2024.