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Shantanurao Laxmanrao Kirloskar (28 May 1903 – 24 April 1994) was an Indian businessman who was instrumental in the rapid growth of the Kirloskar Group. [ 1 ] S.L. Kirloskar was the son of Laxmanrao Kirloskar , who established the Kirloskar Group and the township of Kirloskarwadi .
Toyota Kirloskar Motor Private Limited (TKM) is an Indian joint venture between Toyota Motor Corporation (89%) and Kirloskar Group (11%), for the manufacture and sales of Toyota cars in India. [ 3 ] [ 4 ] The headquarters are located in Bidadi , Karnataka , near Bengaluru .
While Laxmanrao Kirloskar, established the group in 1888, his son Shantanurao Laxmanrao Kirloskar played a role in the leadership of the company. [6] [7] The company under Shantanurao Laxmanrao Kirloskar achieved one of the highest growth rates in Indian history, with 32,401% growth of assets from 1950 to 1991. [8] [9]
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Laxmanrao Kirloskar could not find a suitable place for his workshop; help came from the Ruler of Aundh who offered him a place and arranging loan of seventeen thousand Indian rupees. In 1910, Laxmanrao started his factory in an arid waste land by the side of a renowned railway station, named Kundal Road.
Standard Motor Products of India Limited otherwise known as Stampro for short, formerly known as Union Motors , [1] was an Indian automobile manufacturer based in Chennai which produced Standard cars and light commercial vehicles in collaboration with Standard-Triumph of England. The company was established in 1948 and was in operation till 1988.
[10] [11] The company made its initial public offer (IPO) in 1999, which was 50 times oversubscribed. [12] [13] In 2002, Cummins Infotech, the IT department of Cummins merged with KPIT, and the name of the company became KPIT Cummins Infosystems Ltd. [14] KPIT Cummins Infosystems changed its name to "KPIT Technologies Limited" in September 2013.