Entrepreneurship Management

Submitted By:-Mayuri DalviRoll No:-39

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Shantanurao Kirloskar

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INTRODUCTON

Name : Shantanurao Kirloskar Born On : May 28, 1903 Born In : Sholapur, Maharashtra Died On : April 24, 1994 Career : Entrepreneur, Industrialist Nationality : Indian

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Family Details

Father : Laxmanrao Kirloskar

Mother : Shirin Paul

Sister : Priti Paul

Brother : 1) Karan Paul

2) Anand Paul

Son : 1)Chandrakant Kirloskar 

2)Srikant Kirloskar

spouse: Yamutai Kirloskar6/1/2012

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Shantanurao Laxmanrao Kirloskar was an

Indian businessman. He was the second founder of the Kirloskar Group.

He had read about industrial townships in Europe and America where the owners of industries had built communities for the employees. His dream was to build his own industry and community for his employees; he realized this dream with Kirloskarwadi, a place where he started the Kirloskar Brothers Limited factory in 1910.

He was a global thinker and an enterprising person who had the courage and the confidence in the potential of his own country even in the pre-independence era. He often said, "Economic preparedness is as vital as military preparedness."

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He always looked at India as a part of the rest of the world and worked towards making India globally competitive.

He created a business empire that enjoyed one of the highest growth rates in Indianhistory, a staggering 32,401% growth of assets from 1950-1991. Today, the Kirloskar Group is India's largest Engineering Conglomerate.

In May 2003, Atal Bihari Vajpayee, the then Prime Minister of India released a commemorative postage stamp

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Education details1922: Went to Massachusetts Institute of

Technology (MIT)1926: Completed mechanical engineering

degree and returned to India1946: Established Kirloskar Electric Company

in Bangalore and Kirloskar Oil Engines Limited in Pune

1988: Memorial postage stamp released on the occasion of Kirloskar Group's

100 years2003: Honored with a commemorative postage

stamp as his 100th birth anniversary

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Qualities of S.L Kirloskar Kirloskar is First Rural factory developers in

1910Transformed his vision into a promising and

thinking realityOpen to New thingsHe was DreamerConverting challenges into opportunityCritical Situation handlerCerative or innovation in nature

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CORPORATE DETAILS The township, set up by Laxmanrao Kirloskar, the founder of

Kirloskar Group, came into existence on March 10, 1910. A group that began as a bicycle repair shop. Kirloskar is the world's leading manufacturer and supplier of domestic, industrial, agriculture, standard industrial pumps and engineered pumps

Kirloskar Brothers Limited (KBL), incorporated in 1920, is a leading manufacturer of centrifugal pumps in India.The company offers products and services customised to clients’ requirements

It is one of the major players in fluid-handling products, and its product offerings include pumps, valves, anticorrosive products and hydro turbines. It has successfully handled turn-key fluid-handling project in domains such as irrigation, power, water supply and treatment.

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KBL has four manufacturing plants in India. It has completed many projects involving customized products and services in India as well as other countries.

The company has a recently acquired a contract from the Ministry of Agriculture, Government of Senegal, to provide pump-sets worth EUR 21 million.

It also provides products and services to many prominent players in the energy sector, including NTPC, Siemens and Alstom. KBL has a strong global presence through its subsidiaries in the UK and the USA.

It is listed on the Bombay Stock Exchange and the National Stock Exchange.

Revenue $3.50 Billion USD (2010)Employees 18,000 (2010)

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KBL Export Revenue Break-up

Sales

AsiaAfricaNorth AmericaEuropeSouth America

26%7%

31%

2%

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34%

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OTHER COMPANIES

Toyota Kirloskar Motor Private Limited ( TKML ) produces Toyota Vehicles in India.

Mysore Kirloskar ( MK ) produced lathes including CNC types.

Toyota Kirloskar Motor Private Limited Kirloskar Electric Company ( KEC ) made

electrical equipment like transformers, generators and motors, etc. It is not part of the Kirloskar Group anymore

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Achievements

National Productivity Council Award 1964For Highest Improvement in Productivity 

 National Award for R & D -1992 For Development of CNC Machines by Dept. of Scientific & Efforts in Industrial Research

Award for Export Excellence - 1997-98 for successive 11 years for Highest Export from Ministry of Commerce

KBL wins ENERTIA Awards 2007 (The first ever national award for sustainable development) (Nov 2007)

KBL wins 'National Award for Excellence in Energy Management' (Sept 2007)

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FM/UL Pump bags the 'Best new fire fighting product' award. (Aug 2007)

Kirloskar Corrocoat Pvt. Ltd. awarded the "Frost and Sullivan Technology Leadership Award" in the Indian Industrial Paints and Coatings Market (Feb 2008)

National Award for Excellence in Energy Management 2008 - Innovative Product / Service Award

KBL wins two gold and one silver at the ABCI Awards (Jan 2008) KBL wins National Energy Management Award 2009

KBL awarded BEST WATER SUPPLY ENGINEERING - PUMPS for outstanding contribution in the field of water in India

Greentech Environment Excellence Award 2009 for Kirloskarvadi KBL honoured with the Golden Peacock Award 2010 (CSR)

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PRODUCTS

PumpsEnginesCompressorsValvesPig IronConstructionTransmissionsAutomobiles through a Joint Venture with Toyota Infrastructure Pumping Projects

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Electrical Sub StationsWater Treatment Plants[disambiguation needed ]Sewage Treatment PlantsBridges& FlyoversSubmarine PipelinesConstruction of Jetties and Docks

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Balance sheet

Sources of funds

Owner's fund

Equity share capital 12.84 12.84

Share application money

Preference share capital

Reserves & surplus 172.90 146.90

Loan funds

Secured loans 18.49 29.90

Unsecured loans - 0.15

Total 204.23 189.79

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Uses of funds

Fixed assets

Gross block 165.14 147.26

Less : revaluation reserve 1.02 1.07

Less : accumulated depreciation

80.36 71.99

Capital work-in-progress 4.68 4.28

Investments 60.86 27.22

Net current assets

Current assets, loans & advances

309.51 289.71

Less : current liabilities & provisions

254.59 205.53

Total net current assets 54.92

84.17

Total 204.23 189.79

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Challenge Toyota Kirloskar Motor Private Limited

Type : Joint venture Industry : AutomotiveFounded : 6 October 1997Headquarters: Bangalore, KarnatakaKey people : Mr. Ryoichi Sasaki, ChairmanProducts : AutomobilesEmployees : 4,975Parent : Toyota Motor Corporation,

Kirloskar GroupSubsidiaries : Toyota Kirloskar Auto Parts

Private Limited

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Competitors Anand Projects LtdArtech Power Products LtdHBL Power Systems LtdJSL Industries LtdLakshmi Electrical Control

Systems LtdNumeric Power Systems LtdSwitching Technologies Ltd

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Future PlansAs a part of its growth strategy, KBL is targeting

markets in Europe, the USA, Africa, and South East Asia.

It has as a strong brand presence in the EU through various tie-ups with leading suppliers.

The company is planning to increase its focus on special projects such as government contracts, which will utilise the company’s products.

KBL has plans to further reduce the life-cycle cost of its pumps to become more competitive in international markets.

The company is planning to aggressively market centrifugal pumps in the EU region

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