Mission Statement, Vision, & Core Values (2025) of Kirloskar Brothers Limited.

An Overview of Kirloskar Brothers Limited

General Summary of Kirloskar Brothers Limited

Kirloskar Brothers Limited (KBL), established in **1888**, has a rich history as a leading manufacturer in the engineering sector. The company specializes in manufacturing pumps, systems, and power generation solutions. KBL's product portfolio includes centrifugal pumps, submersible pumps, and valves, catering to various industries including water supply, irrigation, and power.

As of **2024**, Kirloskar Brothers Limited reported a significant focus on sustainable engineering solutions, with sales reaching approximately **₹3,500 crores**. This growth is attributed to both domestic and international markets, reflecting the company's broadening customer base and innovative product offerings.

Company's Financial Performance in Latest Financial Reports

In its latest financial report for the fiscal year ended March **2024**, Kirloskar Brothers Limited achieved a record-breaking revenue of **₹3,500 crores**, marking an increase of 15% compared to the previous year. The main product sales, particularly in the pump segment, accounted for approximately 70% of total revenue.

The company also reported a significant growth in exports, which rose by 18%, driven by increased demand in markets such as the Middle East and Africa. The net profit for the year stood at **₹500 crores**, with a profit margin of 14.3%.

Introduction to Kirloskar Brothers Limited as an Industry Leader

Kirloskar Brothers Limited stands out as one of the leading companies in the engineering sector, recognized for its commitment to quality and innovation. With a legacy of over **130 years**, KBL has consistently pushed the boundaries of engineering excellence and customer satisfaction.

The company’s dedication to environmental sustainability and advanced technologies has positioned it as a preferred partner for numerous projects worldwide. The strategic initiatives taken by KBL in the recent years have allowed it to maintain a competitive edge in the market.

For those looking to understand the successes and strategies that have contributed to Kirloskar Brothers Limited's prominent position in the industry, further exploration is encouraged.

Mission Statement of Kirloskar Brothers Limited

Mission Statement of Kirloskar Brothers Limited

The mission statement of Kirloskar Brothers Limited articulates the overarching purpose and aspirations of the company. It serves as a guiding framework, aligning the organization's strategies and day-to-day operations with its long-term objectives. The mission emphasizes a commitment to quality, innovation, and customer satisfaction, crucial for sustaining competitive advantages in a dynamic market environment.

Core Component 1: Delivering High-Quality Products

Kirloskar Brothers Limited prioritizes the delivery of high-quality products, a fundamental aspect of their mission. The company aims to maintain excellence in manufacturing and customer service, ensuring that all products meet stringent quality standards.

• In FY 2023, Kirloskar Brothers reported a revenue of INR 2,500 crore, largely attributed to its focus on product quality.
• The company has consistently achieved a 99.8% customer satisfaction rate, reflecting its dedication to high-quality products.
• Over the last five years, annual investments in quality control systems have exceeded INR 150 crore.

Core Component 2: Innovation

Innovation is a cornerstone of Kirloskar Brothers' mission statement. The company actively invests in research and development (R&D) to enhance its product offerings and operational efficiencies.

• In 2023, Kirloskar Brothers allocated INR 200 crore to R&D initiatives, aiming to foster technological advancements.
• The firm holds over 300 patents, showcasing its commitment to innovative solutions in fluid management.
• New product launches accounted for 25% of total sales in FY 2023, indicating a successful innovation strategy.

Core Component 3: Customer Satisfaction

Customer satisfaction is embedded in the mission statement of Kirloskar Brothers. The company seeks to build long-term relationships with customers through responsive service and reliable products.

• In 2023, Kirloskar Brothers achieved an average response time of 24 hours for customer inquiries, enhancing its service excellence.
• The net promoter score (NPS) for the company stands at 65, indicating strong customer loyalty and satisfaction.
• Repeat business accounted for 70% of total sales, illustrating the effectiveness of their customer-centric approach.

Vision Statement of Kirloskar Brothers Limited

Vision to Innovate

The vision of Kirloskar Brothers Limited is anchored in the ambition to lead the global fluid management industry through innovation. In 2024, the company aims to achieve cutting-edge advancements in pump technology, expanding its market share by reaching a **$1.5 billion** revenue target from its fluid management solutions.

The projected growth will be supported by R&D investments which are expected to exceed **7%** of total revenues. This commitment aligns with global industry standards, as companies investing in R&D typically see returns that average around **15-20%** in the subsequent years.

Commitment to Sustainability

Kirloskar Brothers is focused on sustainable development by aligning its operations with environmental responsibilities. Their vision includes reducing carbon emissions by **25%** over the next five years. In 2024, the company plans to implement eco-friendly technologies that will decrease waste generation in manufacturing processes by **15%**.

As a part of its sustainability initiative, Kirloskar Brothers aims for **50%** of its product line to be energy efficient by 2025, responding to growing consumer demands for greener solutions. As of 2023, **60%** of their manufacturing facilities already comply with international environmental standards.

Global Expansion

In 2024, Kirloskar Brothers Limited envisions significant global expansion with a target of increasing its international market presence by **20%**. They aim to enter new geographical regions, particularly in Southeast Asia and Africa, where the demand for water and fluid management solutions is projected to grow substantially.

The anticipated growth in these markets could contribute an additional **$300 million** to the company’s revenue. The global water pump market size is expected to reach **$70 billion** by 2028, growing at a CAGR of **5.5%**. Kirloskar Brothers seeks to capture a larger share of this burgeoning market.

Customer-Centric Approach

Kirloskar Brothers’ vision emphasizes a robust customer-centric approach. Their goal for 2024 is to enhance customer satisfaction scores to an all-time high, targeting a satisfaction rate of **90%** based on feedback surveys.

To achieve this, the company will invest in training programs for over **1,000** employees focused on improving customer engagement and service delivery. Moreover, they plan to implement a new feedback system that aims to reduce response times to customer inquiries by **30%** within the next year.

Technological Advancements

As part of its vision, Kirloskar Brothers Limited is focused on leveraging digital technologies to improve operational efficiencies. In 2024, they are investing **$50 million** in technological upgrades aimed at automating manufacturing processes and enhancing product quality.

The implementation of Internet of Things (IoT) solutions in their pumps will provide real-time data analytics, which is expected to reduce downtime by **20%**. This aligns with the industry trend where companies utilizing IoT have improved operational efficiencies by as much as **30%**.

Empowering Communities

Kirloskar Brothers' vision also encompasses a commitment to empowering local communities. By 2024, the company has set a target to invest **$10 million** in community development programs, focusing on education and water conservation initiatives.

They aim to reach over **500,000** beneficiaries through these programs, improving access to clean water and supporting sustainable agricultural practices. Kirloskar Brothers’ efforts are aligned with its core belief in creating shared value with stakeholders, reinforcing the commitment to corporate social responsibility.

Core Values of Kirloskar Brothers Limited

Integrity

Integrity is a foundational core value at Kirloskar Brothers Limited, emphasizing honesty and transparency in all aspects of business operations.

In 2023, the company implemented a stringent compliance program that ensured adherence to legal and ethical standards across all business units. This program resulted in a 30% reduction in compliance-related incidents compared to the previous year.

Furthermore, Kirloskar Brothers actively engages in stakeholder communication through annual sustainability reports, which disclose financial performance and environmental impact, enhancing trust among investors and customers.

Innovation

Innovation drives the company’s mission to deliver advanced engineering solutions and is vital to maintaining competitiveness in the market.

In 2023, Kirloskar Brothers invested INR 500 million in research and development, focusing on energy-efficient products. This investment led to the launch of a new series of pumps that consume 15% less energy compared to previous models.

The introduction of IoT-enabled solutions in pump monitoring systems has improved operational efficiency for their clients, resulting in a 25% increase in customer satisfaction ratings.

Customer Centricity

Customer centricity is crucial to Kirloskar Brothers' strategy, ensuring that customer needs shape product development and service delivery.

The company launched a customer feedback initiative in 2023, gathering insights from over 3,000 clients globally. This initiative led to the customization of product offerings, addressing specific market demands.

As a result, Kirloskar Brothers reported a 20% increase in repeat orders over the last year, signifying strong customer loyalty and satisfaction.

Excellence

Excellence pertains to achieving the highest standards in product quality and operational efficiency throughout Kirloskar Brothers' operations.

The company has implemented a Six Sigma program which has improved manufacturing processes, leading to a 40% reduction in defects across its product lines. In 2023, their quality certifications reached over 70 international standards.

Additionally, Kirloskar Brothers received the ISO 9001:2015 recertification, reinforcing its commitment to excellence in quality management systems.

Sustainability

Sustainability is increasingly prioritized to address environmental challenges while promoting responsible operational practices.

In 2023, Kirloskar Brothers achieved a 25% reduction in water consumption across production processes, aligning with their goal of minimizing ecological impact.

The company’s solar power initiative has resulted in the installation of solar panels across 40% of its facilities, generating 10 MW of renewable energy, which offsets approximately 15% of their total energy consumption.

Teamwork

Teamwork fosters a collaborative environment at Kirloskar Brothers, enabling employees to work together towards common goals.

In 2023, the company hosted over 50 team-building workshops, resulting in a notable improvement in employee engagement scores by 18%.

This collaborative culture has also contributed to a decrease in employee turnover rates, which fell to 9% from 12% in the previous year.