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Kirloskar Group charts growth path across biz; bets on industrial revival

India's oldest engineering conglomerate is ramping up expansion across engines, steel, compressors, real estate and finance, even as family disputes linger

(L-R) Rahul Kirloskar - Executive Chairman, Kirloskar Pneumatic Company Limited & Gauri Kirloskar - Managing Director, Kirloskar Oil Engines Limited
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(L-R) Rahul Kirloskar - Executive Chairman, Kirloskar Pneumatic Company Limited & Gauri Kirloskar - Managing Director, Kirloskar Oil Engines Limited

Dev Chatterjee Mumbai

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The 137-year-old Kirloskar Group, one of India’s oldest engineering conglomerates, is embarking on a massive expansion across its four listed businesses — from engines and pig iron to compressors, real estate and finance — as it targets multi-billion-dollar revenue growth over the next five years. 
Kirloskar Oil Engines Ltd. (KOEL), led by Managing Director Gauri Kirloskar, has announced plans to triple its revenues to $2 billion by FY30, building on a transformation strategy that has already doubled growth in the last three years. 
“Three years ago, we launched our 2X3Y strategy to double revenue in three years,” said Gauri. “We’ve