Pune, March 19th, 2025: Kirloskar Oil Engines Limited (KOEL), a flagship company of the Kirloskar Group, is pleased to announce the successful completion of its 11th wage settlement, achieved well ahead of schedule. This significant milestone underscores KOEL’s steadfast commitment to employee welfare, industrial harmony, and sustainable growth. The settlement is a testament to the company’s dedication to creating a work environment that fosters productivity, engagement, and long-term success.
Since 2011, KOEL’s wage settlements have been featured in the Limca Book of Records, further demonstrating the company’s consistent track record of completing wage settlements on time and in a progressive manner. This achievement reflects the collaborative efforts between the company’s management and its employees, ensuring that the agreement benefits both parties and strengthens their relationship.
The wage settlement ceremony was attended by key members of the management team, including Chairman Mr. Atul Kirloskar, Managing Director Mrs. Gauri Kirloskar, CEO Mr. Rahul Sahai, CHRO Mr. George Verghese, CFO Mr. Sachin Kejriwal, COO Mr. Makarand Joshi, CHRO B2B Mr. Amarjeet Singh, Manufacturing HR Head Mr. Virendra Gaikwad, and Factory Manager Mr. Milind Bote.
The union representation was led by President Mr. Sanjeev Gaikwad, Vice President Mr. Rajendra Yede, Secretary Mr. Ulhas Khutwad, and Treasurer Mr. Vikas Kore. This collaborative effort highlights the mutual respect and shared values between the management and the workforce.
The successful completion of this wage settlement reinforces KOEL’s ongoing commitment to creating a progressive, employee-centric work culture while continuing to prioritize growth, innovation, and operational excellence. The company’s approach fosters not only industrial peace but also contributes to its overarching mission of driving sustainable, efficient, and innovative solutions across various industries.