Kirloskar Oil Engines, Kirloskar Chillers, Kirloskar Pneumatic, Kirloskar Ferrous Industries and Kirloskar Industries have embarked on a revamp of their respective business visions. The refreshed vision aligns with the need to be future-ready in an ever-evolving world and is born out of a desire to improve the experience throughout the customer journey.
This exercise includes not only revitalizing our business from robust engineering-driven companies to leading solution providers in today's transformed industrial environment, but also becoming more customer-centric than ever before.
In line with our founders' vision to ensure all products are ahead of the curve, both companies continue to innovate with an eye toward the future.
Expanded Vision means the promise that every customer's dreams are truly limitless and will come true.
The 'Limitless' vision spans eight business areas and continues the strong growth of B2B companies while laying the foundation for aggressive plans in the B2C space. This includes major investments over two to three years across all business lines. This also includes the introduction of new technologies apart from new services such as real estate and NBFCs.
Glorious Future
As part of this initiative, a refreshed brand identity and colors were adopted. While the logo includes elements of human-centeredness and future-readiness, its colors hint at the heritage of the 130-year-old name and the years spent realizing the dreams of those involved. doing.The value of the Innovative thinking, empathy, collaboration, integrity and excellence and value creation This will become deeply ingrained in future operations.
The updated logo symbolizes our transformation and journey towards an 'infinite' future. The “i” is a combination of a human icon and a forward-facing arrow indicating progress and growth for those affected. This also shows that the company is future-ready and always strives to meet the needs of its customers. The inspiration came from the color of copper, which naturally evolves day by day. Therefore, a copper patina color palette has been used, from glossy browns to dark browns, blues and finally greens. Teal is the final stage of this patina, protecting all the elements within it. This is the inspiration behind the identity colors you see today.
To strengthen their business, companies are expanding their leadership. Industry veterans who recently joined include Mahesh Chhabria of Kirloskar Industries, Vimal Bhandari of Arka Fincap, Vinesh Jairath of real estate business and K Srinivasan of Kirloskar Pneumatic. Industry veterans RV Gumaste, Sanjeev Nimkar and Avinash Manjul will continue to lead Kirloskar Steel Industries, Kirloskar Oil Engines and Kirloskar Chiller respectively.
Legacy businesses are already embarking on a journey of “infinity” by integrating new-age technologies and processes such as 3D printing, Internet of Things, digitalization, and artificial intelligence. The benefits of these technologies range from faster time-to-market to significant cost savings.
Among the new consumer businesses, there will be significant investments in real estate business Avante Spaces and non-banking financial company (NBFC) Arca Fincap. Avante Spaces is developing its first parcel of land based on customer-centric and forward-looking principles. The company is considering mixed-use development services that include retail and commercial space within smart buildings.
Arka Fincap was established last year as a subsidiary of Kirloskar Oil Engines and began operations with a seed capital of Rs 1,000 crore. It focuses on structured term financing solutions for corporates and lending to MSME borrowers and the real estate sector. Arka Fincap he plans to expand into personal lending and consumer finance within three years.
For more information about refreshes, Atul Kirloskar, Executive Chairman, Kirloskar Oil Engines, said: “We have taken steps towards becoming a fully integrated conglomerate. Our new vision has steered our direction from manufacturing to related solutions, keeping in mind the changing needs of our customers. Reconfigure. We are transforming from a staid engineering-driven company to a future-ready company focused on improving the customer experience. We are committed to new-age technology solutions and digital We are looking at future-ready teams that leverage best practices in implementation, talent, and recognize and reward performance.”
Rahul Kirloskar, Executive Chairman, Kirloskar Pneumatic, said: “Customers are at the heart of everything we do and we are constantly evolving to exceed our customers' expectations. We are currently expanding our horizons, from just products to solutions, customer centricity and digital architecture. This change reflects our new philosophy of creating better lives, better opportunities and a better tomorrow for our customers and society.'' The conglomerate is integral to India's industrial revolution. has occupied a large part. Now it will define the future.
