Discover and read the best of Twitter Threads about #Kirloskar

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#ISMTLTD #ISMT Ltd & #KIRLFER #Kirloskar Ferrous Industries Ltd (KF) announced a mega #merger plan. #specialsituation

If we recollect, KF had done a major investment in ISMT in Mar 22, and ISMT settled its huge debt with lenders at a huge discount.

Here is my quick learning:-
1) KF has fully backward integrated operations ranging from iron ore mines to machined castings as well has a very strong client base across the globe. ISMT is one of the most diversified manufacturers of specialized seamless tubes in the world.
2) Apart from the regular synergy like economies of scale & cost optimization, the merger will help in expanding reach, cross selling opportunities and better combined unit economics and financial ratios.
Read 9 tweets
(1/n) A thread on Kirloskar Ferrous Industries Ltd.

Founded in 1991, #Kirloskar Ferrous Industries Ltd. (KFIL) is in the business of Pig Iron and Grey Iron casting industry, serving infrastructure & construction, automotive, agriculture, manufacturing, textiles & steel sectors.
(2/n) Kirloskar Group was established in 1888. Laxmanrao Kashinath Kirloskar (20 Jun 1869 – 26 Sep 1956) was the founder of the Kirloskar Grp & the township of Kirloskarwadi, amongst India’s first industrial townships.
(3/n) Starting with a small bicycle repair shop at Belgaum on Kirloskar road, he manufactured India’s first iron plough, first Kirloskar product & chaff-cutters.

Shantanurao Kirloskar, Laxmanrao’s eldest son moved to Pune to start a diesel engines Co - Kirloskar Oil Engines Ltd.
Read 8 tweets

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