Kirloskar Brothers Limited
Nippon India Mutual Fund increased its stake in Kirloskar Brothers from 5.70% to 5.75%, purchasing 44,363 shares.
An engineering and manufacturing company specializing in fluid management systems, Kirloskar Brothers serves large infrastructure projects across water supply, power plants, and irrigation sectors. The company designs and produces pumps, valves, motors, and hydro turbines for critical applications. Operating as part of the established Kirloskar Group, it delivers engineered solutions tailored to infrastructure and industrial needs across India and beyond.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.