Family dispute over 130 years of inheritance in Kirloskar Brothers

- On July 16, 5 companies led by Atul and Rahul Kirloskar announced to start the process anew for their respective businesses.

New delhi date. Wednesday, July 28, 2021

The Kirloskar Brothers Group, which has a turnover of thousands of crores of rupees, has started a family feud. Kirloskar Brothers Ltd. headed by Sanjay Kirloskar. (KBL) alleges that four companies of his brothers Atul and Rahul are trying to snatch their 130-year legacy and mislead the public.

The other party, however, has denied the allegations. Amidst the family feud, KBL has written a letter to SEBI claiming that Kirloskar Oil Engines (KOEL), Kirloskar Industries Ltd. (KIL), attempted to strip or suppress.

Kirloskar is a reputable brand

Kirloskar is a reputed brand for incoming pump sets, water motors etc. used for irrigation. It has about 14 factories at home and abroad. Kirloskar Brothers is a company with a valuation of about Rs 1.56 lakh crore.

Apart from that, he has tried to show KBL's legacy as his legacy, the letter said. When contacted, a spokesperson for Kirloskar Industries Ltd. said that the letter written by KBL to SEBI contained a number of factual errors. According to the spokesperson, KBL was not mentioned in the full statement. Trying to snatch the Kirloskar Brothers' legacy is a long way off.

What is the problem

Earlier on July 16, five companies led by Atul and Rahul Kirloskar announced to start the process anew for their respective businesses. New brand identities and colors were announced for these companies, as well as the adoption of the new Kirloskar logo. At the time of the announcement, it was said that the color represented a 130-year-old named heritage.

KBL has written a letter to SEBI protesting this. "KOEL, KIL, KPCL and KFIL were established in 2009, 1978, 1974 and 1991, respectively, and their legacy is not more than 130 years old," the letter said.