The Hindu Business Line : Kirloskar Brothers restructures into nine business sectors

The objective of the change was to ensure that each sector is served at the highest level of operational efficiency and to enable KBL provide better customer service

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Pune, June 3 Water management solutions company Kirloskar Brothers Ltd has announced that it is reorganising its business structure into specific verticals. .

“This structuring of business is in tune with KBL’s vision of becoming a top global water management solutions company and to achieve a turnover of over $1 billion by 2011,” Mr R.K. Srivastava, whole-time Director, KBL, said.

The overall business is now being regrouped into nine business sectors dealing in products, services and systems as irrigation and rural electrification (all major and minor irrigation and rural electrification works); water resource management (water supply, water treatment, sewage treatment and sewage pumping stations and desalination plants); oil and gas - refinery, petrochemicals, fertilisers, exploration and transportation; power, industry, building and construction, marine and defence; distribution chain and after sales service.

He said the objective of the change was to ensure that each sector is served at the highest level of operational efficiency and to enable KBL provide better customer service.

All the nine sectors would operate as profit centres, independently looking after sales, marketing and execution and financial recovery etc. He said that in addition to this, corporate global sourcing (focus on sourcing, procurement of capital equipment, pricing, planning, and vendor evaluation, for procurement of commodities at global level, common for all manufacturing and all imports), corporate business development and strategy (responsible for mergers and acquisitions, new business initiatives, brand building and promotional activities) and corporate international division would be renamed as corporate global marketing and would be responsible for market intelligence — domestic and international and developing business.

KBL has a consolidated turnover of Rs 2,000 crore and a growth of 15 per cent over the last fiscal. It is also the first Indian company to launch UL listed fire fighting pumps and to receive a US patent for energy saving concept in pumping. It has also recently acquired Gondwana Engineers, a company into water and wastewater treatment, and Kolhapur Steel, a mini steel plant with a production capacity of 500 tonnes per month.

It has also acquired the Chennai-based construction company named Aban Construction Ltd now known as Kirloskar Construction & Engineers Ltd.

More Stories on : Restructuring | Engineering | Water

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