Kirloskar Oil Engines’ wholly owned subsidiary, Kirloskar Advanced Systems Private Limited (KASPL), has received approval to commence business operations following an investment of ₹9 crore. The approval was granted by the Registrar of Companies, Ministry of Corporate Affairs, on 19th May 2026.
The incorporation of KASPL was completed with the receipt of the subscription amount of ₹9 crore from the subscribers to the Memorandum of Association. Kirloskar Advanced Systems, incorporated on 30th March 2026, is based in Pune, Maharashtra, India, and operates in the engineering sector, focusing on industrial equipment.
As a wholly owned subsidiary of Kirloskar Oil Engines, KASPL will engage in various engineering and industrial business segments, including defence and railways. The company will undertake activities related to the design, development, manufacture, assembly, testing, supply, import, export, and dealing in all types of industrial equipment. These include engines, power generating sets, motors, platforms, systems, sub-systems, unmanned systems, integrated systems, components, spare parts, accessories, and provision of Annual Maintenance Contract (AMC) and related services.
The Ministry of Corporate Affairs has approved the incorporation of KASPL, and the company will operate as a solutions provider to India’s defence and other sectors. Certain business activities, including manufacturing, supply, and service of its equipment, may require applicable licenses and approvals from relevant regulatory authorities, which will be obtained as needed.
The investment in KASPL was made through cash consideration, with Kirloskar Oil Engines subscribing to 90 lakh equity shares of face value ₹10 each, at par, aggregating to ₹9 crore. This investment represents 100% of the initial paid-up share capital of KASPL, ensuring full control by the holding company.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).