Kirloskar Ferrous Industries Limited (BSE: 500245) has appointed Ajay Patil as Joint Managing Director, with the company’s Board of Directors approving the appointment at its meeting held on September 21, 2026. His term will be effective from September 21, 2026, to September 20, 2029. Mr Patil brings 36 years of experience across business strategy, profitable growth, corporate governance, capital allocation, enterprise transformation, mergers and acquisitions, joint ventures, sustainability and enterprise risk management.
Commenting on the appointment, RV. Gumaste, Managing Director, Kirloskar Ferrous Industries Limited, said, “We are pleased to welcome Ajay to our leadership team. His extensive expertise in business strategy and transformation will bring significant value to our organisation. This appointment further strengthens the leadership bandwidth and aligns with our priorities of sustainable growth, enhancing KFIL’s position in the market.”
Mr Patil most recently served as Global Chief Financial Officer of RSB Transmission (India) Ltd, a Bain Capital portfolio company. His career includes leadership positions with listed companies, private equity-backed businesses, multinational corporations and joint ventures.
He has held senior roles with diversified industrial technology companies including Cummins, Honeywell and Eaton. During his career, he progressed through regional and global leadership positions with executive responsibilities spanning Asia Pacific, the Middle East, Africa, the Americas and global operations.
His experience covers financial management as well as broader business responsibilities, including strategy, transformation, capital allocation, risk management and organisational development. He has also been associated with the School of Sustainability at the Indian Institute of Technology (IIT) Madras. Mr Patil is a Cost and Management Accountant (CMA) and holds a Master’s degree in Commerce.
Founded in 1991, Kirloskar Ferrous Industries is a manufacturer of castings and pig iron and has expanded its operations into steel and seamless tubes. The company serves sectors including tractors, automobiles and diesel engines. KFIL operates manufacturing facilities at Koppal, Hiriyur, Solapur and Rajpura, with capabilities to produce grey iron castings weighing up to 1,000 kg. Its pig iron portfolio includes SG iron grade, basic steel grade and foundry grade products.
The company is expanding its pig iron and casting capacities and has 3D printing facilities for product development and production ramp-up. It also supplies fully machined castings and operates a coke oven facility with waste-heat recovery power generation. KFIL’s product portfolio includes alloy steel and seamless tubes for applications in bearings, boiler tubes and automotive piping. The company is continuing to expand its manufacturing capabilities across these businesses.
