Kirloskar Ferrous Industries Limited (KFIL) and Indian Seamless Metal Tubes Limited (ISMT) announced merger and will soon operate as a unified entity. The merger represents a pivotal moment in KFIL’s strategic development plan, aiming to capitalize on synergies, boost operational efficiency, and create lasting value for all stakeholders.
The combined entity will benefit from a broader product range, greater market reach, and stronger financial stability. The leadership of the new entity will consist of experienced professionals from both KFIL and ISMT, ensuring a seamless transition and continuity. As reported by thehindubusinessline.com, the leadership team is focused on driving sustainable growth and long term success for the company.
Atul Kirloskar, Chairman of KFIL stated, “This merger is a strategic move to consolidate our strengths and enhance our capabilities. We believe that the combined entity will deliver substantial value to our customers, shareholders, and employees”.
R.V. Gumaste, Managing Director of KFIL added, “We are thrilled about the opportunities this merger brings. By uniting our expertise and resources, we can drive innovation and growth in the industry”.
