Kirloskar Oil Engines
Limited (KOEL), a flagship company of the Kirloskar Group, is pleased to
announce the successful completion of its 11th wage settlement, achieved well
ahead of schedule. This significant milestone underscores KOEL’s steadfast
commitment to employee welfare, industrial harmony, and sustainable growth. The
settlement is a testament to the company’s dedication to creating a work
environment that fosters productivity, engagement, and long-term success.
Since 2011, KOEL's wage
settlements have been featured in the Limca Book of Records, further
demonstrating the company’s consistent track record of completing wage
settlements on time and in a progressive manner. This achievement reflects the
collaborative efforts between the company’s management and its employees,
ensuring that the agreement benefits both parties and strengthens their
relationship.
The wage settlement
ceremony was attended by key members of the management team, including Chairman
Mr. Atul Kirloskar, Managing Director Mrs. Gauri Kirloskar, CEO Mr. Rahul
Sahai, CHRO Mr. George Verghese, CFO Mr. Sachin Kejriwal, COO Mr. Makarand
Joshi, CHRO B2B Mr. Amarjeet Singh, Manufacturing HR Head Mr. Virendra Gaikwad,
and Factory Manager Mr. Milind Bote.
The union representation
was led by President Mr. Sanjeev Gaikwad, Vice President Mr. Rajendra Yede,
Secretary Mr. Ulhas Khutwad, and Treasurer Mr. Vikas Kore. This collaborative
effort highlights the mutual respect and shared values between the management
and the workforce.
The successful completion of this wage settlement reinforces KOEL’s ongoing commitment to creating a progressive, employee-centric work culture while continuing to prioritize growth, innovation, and operational excellence. The company’s approach fosters not only industrial peace but also contributes to its overarching mission of driving sustainable, efficient, and innovative solutions across various industries.
