Kirloskar Oil Engines advocates strengthening India's Manufacturing IP for Global Edge

  • Industry News
  • Jan 23,24
The company achieved revenues of Rs 4,073 crore in FY23, and Gauri, the fifth-generation Kirloskar involved in the business, emphasised the pivotal role of intellectual capital in India's growth trajectory.
Kirloskar Oil Engines advocates strengthening India's Manufacturing IP for Global Edge

India's manufacturing sector must significantly enhance its intellectual property (IP) portfolio not only to secure robust and sustained growth but also to establish a competitive advantage, asserted Gauri Kirloskar, Managing Director of Kirloskar Oil Engines (KOEL). The company achieved revenues of Rs 4,073 crore in FY23, and Gauri, the fifth-generation Kirloskar involved in the business, emphasised the pivotal role of intellectual capital in India's growth trajectory.

Speaking at the India Science Fest in Pune, Gauri highlighted the correlation between the nation's growth narrative, the escalating manufacturing output, and the imperative need to fortify intellectual capital for global competitiveness. Currently, the manufacturing sector contributes 17% to the GDP and employs over 27.3 million workers, with the government targeting a 25% share by 2025.

Despite the manufacturing sector's commendable export performance, reaching $447.46 billion in FY23 with a 6.03% growth, Gauri emphasised the importance of owning intellectual property. KOEL, renowned for manufacturing diesel engines, farm equipment, and generator sets, secured 12% of its turnover from international markets in FY23.

Gauri elucidated on the strategic choices in engine manufacturing, emphasising the preference for designing and developing engines in-house to own intellectual property. This, she noted, provides a distinct advantage over partnerships involving technology transfer from global companies. KOEL, with its three primary business segments (B2B, B2C, and Financial Services), strategically diversified into electric pumps to align with market shifts. The company entered the electric pump domain through a minority stake in La-Gajjar Machineries (LGM) in 2014 and recently acquired full ownership, consolidating its presence in the diesel and electric pump market.

Source: Fortune India

Related Stories

Chemicals, Lubricants & Raw Material
Kirloskar Oil Engines advocates strengthening India's Manufacturing IP for Global Edge

Kirloskar Oil Engines advocates strengthening India's Manufacturing IP for Global Edge

The company achieved revenues of Rs 4,073 crore in FY23, and Gauri, the fifth-generation Kirloskar involved in the business, emphasised the pivotal role of intellectual capital in India's growth tra..

Read more
Chemicals, Lubricants & Raw Material
Bharat Petroleum, Kirloskar Oil Engines commemorate 25 yrs of collaborative innovation

Bharat Petroleum, Kirloskar Oil Engines commemorate 25 yrs of collaborative innovation

This 25-year journey not only highlighted successful collaborations but also served as a platform to acknowledge BPCL's unwavering support as a trusted supplier of lubricants to KOEL for their genui..

Read more
Machine Tools & Accessories
IPF Virtual Roundtable: How to make warehouses more efficient

IPF Virtual Roundtable: How to make warehouses more efficient

Industrial Products Finder (IPF), along with Jungheinrich, hosted a virtual Roundtable - titled “How to efficiently utilise space and resources with latest technology in modern wareho..

Read more

Related Products

Oil Mist Collector System / Oil Fumes Extraction Systems

OILS, LUBRICANTS & FILTRATION SYSTEMS

Amaricar Engineering & Systems Pvt Ltd offers a wide range of oil mist collector system / oil fumes extraction systems.

Read more

Request a Quote

Stainless Steel Hydraulic Oil Filters

OILS, LUBRICANTS & FILTRATION SYSTEMS

M T B Filter Industries offers a wide range of  stainless steel hydraulic oil filters.


Read more

Request a Quote

Mak Compressor Oils

OILS, LUBRICANTS & FILTRATION SYSTEMS

Interstate Supply Company offers a wide range of MAK compressor oils.

Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back