PUNE, May 14, 2025 – Kirloskar Brothers Limited (BSE: 500241, NSE: KIRLOSBROS), a leading Indian engineering company, has announced significant changes to its senior management and board composition following its Board Meeting earlier today. The company has also finalized appointments for internal, secretarial, and cost auditors for FY 2025–26.
Key Appointments and Board Changes
1. Chief Financial Officer
- Mr. Bhavesh Chheda has been appointed Chief Financial Officer and designated Key Managerial Personnel effective May 14, 2025.
- A Chartered Accountant with an Executive PG Diploma from Symbiosis, Mr. Chheda brings 23 years of experience in finance, M&A, ERP, and global operations. Before this, he served as CFO at Thermax Babcock & Wilcox Energy Solutions Ltd.
2. Independent Director
- Mr. Pradyumna Vyas (DIN: 02359563) has joined the Board as an Independent Director for a five-year term, subject to shareholder approval.
- Prof. Vyas, 66, is the President-elect of the World Design Organisation and former Director of the National Institute of Design (NID). He has served on the boards of Titan Company, Dynamatic Technologies, and Carysil Ltd.
3. Managing Director
- Mr. Sanjay Kirloskar (DIN: 00007885) has been re-appointed as Managing Director from November 19, 2025, to March 21, 2027.
- With 40 years of experience, he continues to lead KBL as its Chairman & MD. He also serves on the boards of DCM Shriram Industries, Kirloskar Ebara Pumps, and SPP Pumps UK.
Auditor Appointments for FY 2025–26
Internal Auditor
- PricewaterhouseCoopers Private Limited (PwC) has been appointed as the co-sourced Internal Auditor.
Secretarial Auditor
- Dinesh Birla & Associates, a Pune-based practicing company secretaries since 2014, will serve as Secretarial Auditor for five years (subject to AGM approval).
Cost Auditor
- Harshad S. Deshpande & Associates, a firm with 19+ years of practice in cost and management accounting, has been appointed as the Cost Auditor.
These appointments mark Kirloskar Brothers' continued emphasis on experienced leadership, corporate governance, and robust audit practices. Shareholder approvals for the director-level changes will be sought at the Annual General Meeting.