Kirloskar Industries get RBI’s nod to carry on business of core investment company

Kirloskar Industries has been granted exemption by Reserve Bank of India (RBI) from the requirement of registration under Section 45-IA (4) of the Reserve Bank of India Act, 1934, for carrying on the business of a Core Investment Company vide its letter dated October 15, 2012.

Kirloskar Industries is engaged in manufacturing of diesel engines. It is part of Kirloskar group of companies that has business interest in various sectors such as manufacturing, oil and gas, power, construction and mining, agriculture, industry and transport.