KOEL completes 11th wage settlement ahead of schedule

Kirloskar Oil Engines Limited (KOEL) has completed its 11th wage settlement ahead of schedule, demonstrating its commitment to employee well-being, industrial harmony, and a productive, growth-orientated workplace.

Kirloskar Oil Engines Limited (KOEL), the Kirloskar Group’s flagship company, is pleased to announce that its 11th wage settlement was completed successfully and well ahead of schedule. This significant milestone demonstrates KOEL’s unwavering commitment to employee welfare, industrial harmony, and long-term growth. The settlement demonstrates the company’s commitment to creating a work environment that promotes productivity, engagement, and long-term success.

Since 2011, KOEL’s wage settlements have been included in the Limca Book of Records, demonstrating the company’s track record of completing wage settlements on time and in a progressive manner. This achievement reflects the collaborative efforts of the company’s management and employees, ensuring that the agreement benefits both parties and strengthens their relationship.

Key members of the management team attended the wage settlement ceremony, including Chairman Atul Kirloskar, Managing Director Gauri Kirloskar, CEO Rahul Sahai, CHRO George Verghese, CFO Sachin Kejriwal, COO Makarand Joshi, CHRO B2B Amarjeet Singh, Manufacturing HR Head Virendra Gaikwad, and Factory Manager Milind Bote.

The union was represented by President Sanjeev Gaikwad, Vice President Rajendra Yede, Secretary Ulhas Khutwad, and Treasurer Vikas Kore. This collaborative effort demonstrates the mutual respect and shared values of management and the workforce.

The successful completion of this wage settlement demonstrates KOEL’s ongoing commitment to fostering a progressive, employee-centric workplace culture while prioritising growth, innovation, and operational excellence. The company’s approach promotes industrial peace and aligns with its overarching mission of driving sustainable, efficient, and innovative solutions across multiple industries.

For more information, visit: https://www.kirloskaroilengines.com/