Name

Kores

Legal name

Kores India Ltd.

Website

https://kores.in

Company type

Public

Founded year

1936

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Diversified Industrial Manufacturing

NAICS

Office Supplies and Stationery Retailers (45941), Stationery and Office Supplies Merchant Wholesalers (424120)

SIC

Papers & Allied Products (2600)

akta.pro primary industry

General Office Supplies Retail (CRALABAA)

Keywords

• Drilling rig manufacturing
• Business automation software
• Industrial foundry castings
• Pharmaceutical API production
• Office stationery products

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Manufacturing Sales: Sale of manufactured products including stationery, drilling rigs, castings, pharmaceutical APIs, and business automation hardware products to enterprise customers.
2. Service Contracts: Annual Maintenance Contracts (AMC), Comprehensive AMC (CAMC), and drilling operations services provided to engineering customers with recurring revenue from 90 service engineers and 25 camp offices in India.
3. BPO Services: Business Process Outsourcing services including Cheque Truncation System (CTS), National Automated Clearing House (NACH), Document Management System (DMS), and IT support services.
4. Pharmaceutical Exports: Export of Active Pharmaceutical Ingredients (APIs) and Pharmaceutical Intermediates to European, Latin American, South East Asian, and Middle Eastern countries with plans to target US and Japan markets.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

Kores is a diversified Indian industrial conglomerate that manufactures drilling rigs, mud pumps, ductile and gray iron castings, pharmaceutical APIs, indelible ink, and consumer stationery across five manufacturing divisions, and separately sells enterprise business-automation software (K-BOP, Smart Cheque, SmartDoc, AuditAssure) plus BPO and cash-sorting services to banks. Customers include mining and exploration companies, automotive OEMs, pharmaceutical formulators, banks, and government election bodies, alongside retail consumers of office stationery.

Product overview

Kores is a diversified Indian conglomerate (established 1932) offering a multi-divisional portfolio of products and services. The Engineering division provides core drilling rigs (KDR series from 150-2500m depth), water well drilling rigs (STK, SKT, DMX series), mud pumps (FM, L, KORES series), drilling accessories, and related services including rentals and maintenance contracts. The Business Automation division offers AI-powered software solutions including K-BOP (branch management), Kores C-dock (cash management), Smart Cheque (cheque processing), SmartDoc (document automation), AuditAssure (audit management), Shift Management, Positive Pay System, and Cheque Processing Solution, alongside hardware products (currency management machines, shredders, AIDC/barcode products) and services (BPO, cash sorting, maintenance). The Foundry division produces ductile and gray iron castings with CNC machining capabilities serving automotive, wind mill, hydraulic, compressor, and engineering sectors. The Pharmaceuticals division manufactures Active Pharmaceutical Ingredients (APIs) including Doxofylline, Theophylline, Ambroxol, and Caffeine at cGMP facilities. The Stationery division exports office and school products under Ambassador and Koolz Toolz brands. The Indelible Ink division supplies voting ink to electoral bodies.

Differentiator

Problem solved

Functional benefit

Brands

• Kores AuditAssure: AI-powered audit application enabling banks, co-ops, and fintechs to conduct seamless, anytime-anywhere audits with cloud-powered reporting, real-time validation, and instant insights.
• K-BOP
• Kores C-dock
• Kores Smart Cheque
• Positive Pay System (PPS) + NACH
• Cheque Processing Solution
• SmartDoc
• Shift Management Solution

Products and services

• KDR Series Drilling Rigs Hydrostatic-drive drilling rigs ranging from KDR-750 to KDR-2000 horsepower class, designed for mineral exploration and water-well drilling. Customers are mining companies, exploration contractors, and water-well drilling operators; export focus on Africa and Middle East.
• Mud Pumps (KMP Series) KMP-series mud pumps designed for circulation in drilling rigs across mineral exploration and water-well applications. Used by drilling contractors operating KDR-series rigs or third-party rigs.
• Water Well Drilling Rigs Specialized drilling rigs for water-well applications, sold to drilling contractors and government/municipal water infrastructure programs.
• Drilling Accessories Drill bits, spare parts, and consumable accessories supplied to KDR-series rig owners and third-party drilling operators.
• Drilling Services Contract drilling services using Kores-owned rigs and crews, provided to exploration and water-well clients on a project basis.
• Core Drilling Rig Rental Rental of KDR-series rigs to drilling contractors for exploration and water-well campaigns, supplementing outright rig sales.
• Annual Maintenance Contracts (AMC/CAMC) Comprehensive and annual maintenance contracts for installed drilling rigs, providing scheduled service, spares, and uptime guarantees.
• K-BOP (Kores Branch Operation Platform) Proprietary AI/ML-enabled branch operations platform sold to banks and financial institutions for digitizing and automating branch workflows.
• Kores Smart Cheque Cheque processing and validation solution for banks, addressing CTS-2010 and RBI compliance requirements for cheque truncation and image-based clearing.
• Positive Pay System (PPS) + NACH Positive Pay System integrated with NACH for cheque fraud prevention and electronic mandate processing, sold to banks and corporates.
• SmartDoc Document management and OCR/automation platform for digitizing bank records, loan files, and branch documentation.
• Kores AuditAssure Branch audit management software platform used by banks to automate audit cycles, exception tracking, and compliance reporting.
• Shift Management Solution Software solution for managing shift scheduling, attendance, and workforce planning in bank branches and large enterprises.
• Currency Management Products Note-counting machines and counterfeit detection devices sold to banks and cash-intensive businesses for currency authentication.
• Shredding Solutions Industrial and office shredders supplied to banks and corporate offices for secure document destruction.
• AIDC Solutions (Barcode / Receipt Printing) Automatic Identification and Data Capture products including barcode scanners and receipt printers used in bank branches and retail.
• BPO Services Business process outsourcing services provided to banks, including back-office operations, cheque processing, and customer service workflows.
• Cash Sorting Services Cash sorting and processing services for banks, including denomination-wise sorting and fitness verification of notes.
• Ductile and Gray Iron Castings Iron castings in ductile and gray grades, supplied to automotive OEMs and industrial machinery manufacturers.
• Machined Components Finished machined components produced from in-house castings, supplied to industrial buyers requiring ready-to-assemble parts.
• Doxofylline Xanthine-derivative API used in respiratory formulations, manufactured under cGMP conditions for pharma formulators.
• Theophylline and Derivatives Xanthine-derivative API sold to pharmaceutical formulators for respiratory and bronchodilator formulations.
• Ambroxol Mucolytic API manufactured under cGMP for pharmaceutical formulators producing cough and respiratory medications.
• Caffeine Stimulant API manufactured under cGMP for pharmaceutical and consumer applications.
• Indelible Ink Election-grade indelible voting ink supplied to the Election Commission of India and state election bodies for voter identification during elections.
• Ambassador Stationery Branded consumer stationery line including pens, pencils, erasers, and other school and office supplies under the Ambassador brand, sold via retail and D2C channels.
• Koolz Toolz Stationery Branded consumer stationery line of kids' and school stationery products under the Koolz Toolz brand, sold via retail and D2C channels.

Quantifiable outcome

• 70% of Indians have used Kores Stationery in their lifetime
• +7 more outcomes

Named customers13 records

Segments7 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability12 records

Feature5 records

Scale indicators21 records

Recent moves15 records

Expansion highlights5 records

Direct peers

• DOMS Industries: Indian stationery and writing instruments manufacturer competing directly with Kores' Ambassador and Koolz Toolz brands in domestic and export markets across pencils, erasers, sharpeners and school stationery.
• Flair Pens: Mumbai-based writing instruments and stationery manufacturer with global distribution; directly comparable to Kores Stationery Global in pens, markers and back-to-school categories.
• Hindustan Pencils (Nataraj): One of India's largest pencil and stationery producers (Nataraj, Apsara brands); competes with Kores in the domestic stationery, school supplies and export markets.
• Kokuyo Camlin: India-Japan joint-venture stationery and art materials company (Camlin, Faber-Castell licensee); competes with Kores across student, office and art-stationery categories.
• Brakes India: Indian automotive and commercial-vehicle iron foundry with similar high-pressure moulding and CNC capabilities to Kores Foundry; serves overlapping automotive OEM customers including Tata Motors.
• Suven Pharmaceuticals: Indian API and CDMO manufacturer with overlapping respiratory and CNS API exposure to Kores Pharma; comparable in cGMP manufacturing, export orientation and customer base of global generic pharma companies.
• Newgen Software Technologies: Indian enterprise content management and banking automation software vendor; competes with Kores Business Automation in document management, workflow and audit solutions for banks and large enterprises.

Broad incumbents

• ITC (Classmate Stationery): ITC's Classmate is India's leading branded school stationery franchise; competes with Kores for the same students, retailers and export channels, while being part of a much larger diversified FMCG conglomerate.
• Endurance Technologies: Large Indian auto-components group with significant foundry and machined-casting capabilities; comparable to Kores Foundry in serving Indian and global automotive OEMs across iron and aluminium castings.
• Epiroc (drilling): Global mining and exploration drilling-rig OEM; comparable to Kores Engineering across surface and underground core drilling, exploration rigs and consumables in the same mining and CBM segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInin.linkedin.com/company/kores-india-corporate
• Instagraminstagram.com/kores_india

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kores