StockWatch
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Castings & Forgings
Management Change21 Sept 2026, 05:41 pm

KFIL appoints Ajay Patil as Joint Managing Director

AI Summary

Kirloskar Industries Ltd (KIL) announced that its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL), has appointed Ajay Patil as its Joint Managing Director. The appointment is effective from September 21, 2026, to September 20, 2029. Mr. Patil brings 36 years of extensive experience in driving profitable growth, corporate governance, business strategy, capital allocation, enterprise transformation, mergers and acquisitions, joint ventures, sustainability, and enterprise risk management. He previously served as Global Chief Financial Officer of RSB Transmission (India) Limited and held leadership roles at Cummins, Honeywell, and Eaton. KFIL's Managing Director, R. V. Gumaste, stated that Patil's expertise will significantly strengthen the leadership bandwidth and align with KFIL's priorities for sustainable growth and market position.

Key Highlights

  • KFIL appointed Ajay Patil as Joint Managing Director.
  • His tenure is from September 21, 2026, to September 20, 2029.
  • Patil brings 36 years of experience in strategy and finance.
  • Appointment aims to strengthen leadership and drive growth.