2019 is a year to celebrate and a year to rejoice for Kirloskar Brothers Limited. It'sa year to cherish our glorious past and embrace the future with new promises to excelfurther in what we do bringing life to water. Kirloskar Brothers Limited has nowentered its 100th year of Incorporation. Though Kirloskar Brothers was established in 1888and various group companies have emerged from this mother company that completed 130 yearsin 2018 Kirloskar Brothers became "Kirloskar
Brothers Limited" and was officiallyregistered as a legal entity on 15th January1920.
Our Organisation started Sustainability Reporting in 2009-10. This year we havedecided to present the report in the form of an Integrated Annual Report disclosing thefinancial and non-financial performance in accordance with national and global frameworks.We understand that reporting practice is not static. It can always be improved and adaptedto the constantly changing business and regulatory environment. Apart from addressing theregulatory requirements this integrated report gives wider goals of financial stabilityand sustainable development through the cycle of Integrated Reporting and thinking. Wewant to embed Integrated Reporting as a key principle of corporate governance and become acatalyst for a more cohesive corporate reporting system. This report has been prepared inaccordance with the Integrated Reporting Framework of the International IntegratedReporting Council and has been independently assured by a third-party agency.
With our aspirations driving our actions and our actions committed to our achievementswe have marched forward with ambition and agility that seeks to conquer newer horizons.Our laurels from the past are a testimony of our dedicated and determined efforts. With awill of iron a strong foundation and a dedicated team we are zealously looking forwardto an even brighter future in the coming century.
Ensuring a better future for the next generation in a period which is experiencing thetransition from a consumer to a sustainable society requires us to determine thestrategies within the framework of development criteria. When we talk about sustainabledevelopment we endeavour to make sure that our organisation's aim is to create long termstakeholder value. Our journey would have been unimaginable without the passion of ouremployees and trust of our customers. Being a global conglomerate we are equipped withbest technology in the world. Our companies like SPP pumps (U.K)Rodelta (TheNetherlands) SyncroFlo (U.S.A) KEPL (India) Braybar Pumps (South Africa) KPML TKSLand KCPL - all synergize their competencies to develop and bring to market nothing buttechnically the best in class solutions. This one big family of Kirloskar Brothers Limitedcombines efforts as a global team creating win-win propositions for us as well as ourstakeholders and more importantly our end customers. The company has performed well in2018-19 despite challenges in various businesses. The revenue touched Rs 22482 Mn with agrowth of 14.93% during 2018-19. The company has recorded a profit after tax for the yearat र874 Mn. With the rich experience acquired through our association with eminentcustomers KBL has र state of the art' manufacturing technology at our AdvanceTechnology Pump Division to support Make in India' initiative of the Government ofIndia. Apart from the Indian Government we will continue to work closely with governmentbodies in developing countries in the current year as well.
KBL's strategy is to focus on the environment and enhance renewable energy sourceswhich are clean and non-polluting. Government of India is focusing on roof top solardevelopment which is leading to an enormous leap in solar installations. To reduce ourcarbon footprint we have invested in solar PV panels at manufacturing plants of KBLsubsidiaries and the Corporate office and these have all become operational. Totalinstalled capacity of solar panels is 4500 kW which is in addition to the wind powerinstallations that had been made in the previous years thus contributing towards greenenergy. Under clean development mechanism (CDM) project KBL has got voluntarycancellation certificate from UN for certified emission reduction.
During the year KBL and its subsidiary companies contributed to corporate socialresponsibility activities in the areas of health and education through its social arm theVikas Charitable Trust. During the recent flood in Kerala we undertook a series ofcontributory efforts towards facilitating the post-flood recovery operations in the state.We are proud to have been involved in the Thai cave rescue mission as the Indian Embassyextended our technical help to the Government of Thailand in the evacuation of 12 youngsoccer players and their coach stuck through a multi-national team of experts from
KBL's global offices comprising of KBL (India) KBTL
(Thailand) and SPP Pumps (UK). We offered technical advice on dewatering and pumps usedin the rescue operation.
I would like to take this opportunity to thank all our stakeholders for their supportand association with KBL. As we celebrate this 100th year of incorporation let us set thebar higher and raise the standards for our performance to constantly hold our heads highfor being an Indian MNC that is a global leader in fluid crisis management technology.
Sanjay C. Kirloskar
Chairman & Managing Director