What Kirloskar Ferrous Industries does

Kirloskar Ferrous Industries Limited (KFIL) is a publicly listed Indian ferrous manufacturer (BSE: KIRLFER), founded in 1991 and headquartered in Pune, operating as a material subsidiary of Kirloskar Industries Limited within the Kirloskar Group. The company runs an integrated "mines to machined castings, steel, and seamless tubes" platform across six plants in Koppal, Hiriyur, Solapur, Jejuri, Ahmednagar, and Baramati, supported by captive iron ore mines, three Mini Blast Furnaces producing 0.55 million tons/year of liquid metal, a 200,000 MT coke oven with waste heat recovery, and a 31.5 MW captive power plant.

KFIL produces five core product lines: pig iron (Foundry, SG, and Basic/Steel grades), grey iron castings including cylinder blocks, heads, and housings (Euro III to Euro VI compliant), carbon, alloy, and martensitic stainless steel bars via EAF-LRF-VD-CCM route at Jejuri (350,000 MT/year installed capacity), and hot-finished and cold-finished seamless tubes (6mm to 273mm OD) using PQF and Assel mill technology. Specialized product extensions include Toughdrill tubes for mining, hydraulic cylinder tubes, multi-rifled boiler tubes, OCTG, bearing tubes, and value-added auto components. Through the ISMT merger, KFIL gained access to alloy steel and seamless tube production, making it the only company in Asia with mines-to-castings-to-tubes integration.

KFIL operates a direct B2B enterprise sales model serving automotive OEMs (Mahindra & Mahindra, Daimler India, VE Commercial Vehicles), tractor and agricultural equipment manufacturers (TAFE, Sonalika), construction equipment makers (JCB), and oil and gas clients (ONGC, ₹358 crore contract). FY2026 standalone revenue was ₹6,888.57 crore with consolidated PAT of ₹357.81 crore; Q4 FY26 consolidated net profit rose 33.32% YoY to ₹123.10 crore. The company pursues both domestic long-term supply contracts and export opportunities, including a $13.51 million pig iron shipment to a UK buyer.

Name

Kirloskar Ferrous Industries

Legal name

Kirloskar Ferrous Industries Limited

Website

https://kirloskarferrous.com

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Kirloskar Ferrous Industries Limited is an integrated Indian ferrous manufacturer producing pig iron, grey iron castings, special engineering steels, and seamless tubes from captive mines, supplying automotive OEMs, tractor makers, construction equipment firms, and oil and gas companies across domestic and export markets.

Ownership category

akta.pro rank

Product category

Iron and Steel Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (3311), Ferrous Metal Foundries (33151), Iron Foundries (331511), Primary Metal Manufacturing (331)

SIC

Wholesale-Metals & Minerals (No Petroleum) (5050)

akta.pro primary industry

Ferrous Metals Trading & Distribution (Iron Ore, Pig Iron, DRI/HBI, Ferroalloys) (IMAKAJAA)

Keywords

• Pig iron manufacturing
• Grey iron castings
• Seamless steel tubes
• Special engineering steel
• Integrated steelmaking

Headquarters

HQ city

Koppal

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Pig Iron Sales: Manufacture and sale of pig iron in foundry grade, SG (spherodized graphite) grade, and basic/steel grade. Sells to foundries across India serving auto, engines, compressors, textile, pumps, and other manufacturing industries.
2. Grey Iron Castings: Production of grey iron castings including cylinder blocks, cylinder heads, and housings for automotive, construction equipment, agricultural equipment, and diesel engine industries. Includes fully finished machined castings.
3. Special Engineering Steel: Production and sale of carbon, alloy, and martensitic stainless steel bars through EAF-LRF-VD-CCM-RM route. Products include ultra-clean steels, free machining steels, bearing steels, and custom engineered steel grades.
4. Seamless Tubes: Manufacturing of hot-finished and cold-finished seamless tubes ranging from 6mm to 273mm OD. Applications include auto components, bearing races, OCTG, drill rods, boilers, and heat exchangers. Also includes value-added products like rings and hydraulic cylinders.
5. Renewable Energy Cost Savings: Solar and wind power generation providing estimated ₹40-50 crore in annual cost savings through 35 MW solar and 25 MW wind capacity.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Kirloskar Ferrous Industries Limited is an integrated ferrous manufacturer that produces pig iron (Foundry, SG, and Basic/Steel grades), grey iron castings (cylinder blocks, cylinder heads, housings), special engineering steels (carbon, alloy, and martensitic stainless steel bars), and seamless tubes (6mm to 273mm OD) for automotive, agricultural, oil and gas, mining, bearing, hydraulic, and power generation customers. The company operates six manufacturing plants in Koppal, Hiriyur, Solapur, Jejuri, Ahmednagar, and Baramati with captive iron ore mines, coke ovens, and renewable energy assets supporting backward integration.

Product overview

Kirloskar Ferrous Industries Limited (KFIL) is an integrated ferrous manufacturing company offering a diversified portfolio of products across the ferrous metals value chain. The company operates as a single unified manufacturing platform comprising five core product lines: Pig Iron (Foundry, SG, and Basic/Steel grades), Casting (grey iron castings including cylinder blocks, heads, and housings), Steel (carbon, alloy, and bearing steels produced via electric arc furnace), Tubes (seamless tubes for automotive, OCTG, bearings, hydraulics, mining, and power generation), and IPP (Independent Power Producer services). Through the merger with ISMT Limited, KFIL expanded to include alloy steels and seamless tubes, becoming the only company in Asia with an integrated business model spanning from mines to machined castings. The company's manufacturing footprint covers Koppal, Hiriyur, Solapur, Jejuri, Ahmednagar, and Baramati plants, with captive iron ore mines and coke oven facilities supporting backward integration.

Differentiator

Problem solved

Functional benefit

Brands

• ISMT: Integrated steel and tube manufacturing operations acquired through merger, producing carbon, alloy and bearing steel, and seamless tubes for automotive, bearing, OCTG, boiler, and heat-exchanger applications
• Toughdrill
• Kirloskar Pig Iron

Products and services

• Pig Iron
• Grey Iron Castings
• Special Engineering Steel
• Seamless Tubes
• IPP (Independent Power Producer) Services

Quantifiable outcome

• NPD time reduced from 9 months to under 25 days through 3D printing technology
• +6 more outcomes

Named customers11 records

Segments8 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Directorate General of Trade Remedies (DGTR)minorOthers · 27 March 2026KFIL filed application with DGTR for sunset review of existing anti-dumping duties on seamless tubes, pipes, and hollow profiles from China. India extended these anti-dumping duties until January 27, 2027. KFIL, along with Jindal Saw and Maharashtra Seamless, requested continuation citing persistent Chinese dumped imports.
• Oliver Engineering Private LimitedcoreStrategic or Co-development Partner · 1 April 2025Oliver Engineering Private Limited merged with KFIL effective April 1, 2025. This was part of the group reorganization that enabled utilization of carried forward losses and resulted in ₹110.38 crore reversal of current tax expense. Oliver Foundry in Punjab expansion underway to double capacity by March 2027.
• Adicca Energy Solutions Private LimitedminorStrategic or Co-development Partner · 1 April 2025Adicca Energy Solutions Private Limited merged with KFIL effective April 1, 2025, as part of the same transaction as Oliver Engineering. The merger contributed to the ₹110.38 crore tax expense reversal.
• ISMT LimitedcoreStrategic or Co-development Partner · 10 March 2022KFIL's parent Kirloskar Group acquired majority stake in ISMT Limited. Through this merger, KFIL gained access to special engineering steel manufacturing at Jejuri and seamless tube production at Ahmednagar and Baramati. This expanded KFIL's portfolio to include alloy steels and seamless tubes indispensable for bearing, automotive, and boiler applications. The merger made KFIL the only company in Asia with mines-to-machined-castings capability.
• Karnataka GovernmentminorStrategic or Co-development PartnerKFIL's Koppal plant operations in Karnataka have attracted government attention regarding environmental compliance. The Karnataka government through Minister M.B. Patil has been promoting industrial investment, with KFIL planning ₹3,000 crore investment in Hiriyuru plant.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Nelcast Limited: Nelcast is an Indian iron castings manufacturer producing grey iron and ductile iron castings for automotive, tractor, and industrial applications. Directly comparable to KFIL's grey iron castings business serving TAFE, Sonalika, and other tractor OEMs.
• Mahindra Sanyo Special Steel: Mahindra Sanyo Special Steel is a direct competitor in specialty steel manufacturing (bearing steels, alloy steels) for automotive applications. It operates as a JV between Mahindra and Sanyo of Japan and sells similar engineered steel products to automotive OEMs — directly comparable to KFIL's Jejuri plant output.
• Electrosteel Castings Limited: Electrosteel Castings is one of India's largest ductile iron pipe and castings manufacturers, comparable to KFIL in iron castings and pipe manufacturing. Both serve water infrastructure, automotive, and industrial casting markets with similar grey and ductile iron foundry operations.
• Maharashtra Seamless Limited: Maharashtra Seamless is another Indian seamless tubes manufacturer and a co-petitioner with KFIL in the DGTR anti-dumping case against Chinese imports. Both companies serve OCTG, automotive, and industrial tubing customers, making them directly comparable in product and customer base.
• Jindal Saw Limited: Jindal Saw is a leading Indian seamless tubes and pipe manufacturer with significant overlap in OCTG, line pipes, and ductile iron pipes. Together with KFIL (via ISMT) and Maharashtra Seamless, Jindal Saw filed for continuation of anti-dumping duties on Chinese seamless tubes — confirming direct competition in steel pipes and tubes.

Broad incumbents

• Tata Steel Limited: Tata Steel is India's largest integrated steel producer, directly competing with KFIL in pig iron, steel, and downstream products. While KFIL is a specialized mid-cap, Tata Steel is a broad incumbent with overlapping capabilities across the ferrous value chain. Comparable in pig iron and steel production, but KFIL is more specialized in castings and seamless tubes.
• JSW Steel Limited: JSW Steel is one of India's largest steel manufacturers with a value-added product portfolio including slabs, hot-rolled coils, and downstream steel. KFIL competes in the engineered steel and seamless tubes segment acquired through ISMT, and JSW's integrated steelmaking model overlaps with KFIL's blast furnace and steel operations.
• Sesa Goa / Vedanta Aluminium (Vedanta Limited): Vedanta is a broad metals and mining incumbent with iron ore mining and pig iron capability. While Vedanta's primary focus is aluminium and zinc, its iron ore and pig iron operations overlap with KFIL's upstream mining and pig iron production. Sized much larger than KFIL.

Emerging players

• Technocraft Industries (India) Limited: Technocraft Industries is an Indian steel tubes and pipes manufacturer with overlapping product lines in seamless tubes and engineered steel products. Smaller scale than KFIL, but competes in similar industrial and automotive tube applications.

Regional players

• Mahindra Forgings Europe / Mascot Forgings: Mahindra Group's forging entities serve similar automotive OEM customers. While KFIL focuses on castings (not forgings), they compete for the same commercial vehicle and passenger vehicle program business, particularly cylinder blocks and heads.

Market position

Strengths5 records

Weaknesses6 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/kfil_kirloskar
• LinkedInlinkedin.com/company/kirloskarferrous

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Kirloskar Ferrous Industries