Kirloskar Oil Engines Limited announced that the Company has promoted 'Kirloskar Management Services Private Limited', jointly with Kirloskar Industries Limited, Kirloskar Ferrous Industries Limited, Kirloskar Pneumatic Company Limited, G. G. Dandekar Machine Works Limited and Kirloskar Chillers Private Limited. 'Kirloskar Management Services Private Limited' has been incorporated on 27 January 2020. The Company has agreed to subscribe 487,500 equity shares of (INR 10 each) (19.50%) amounting to INR 4,875,000 in the share capital of 'Kirloskar Management Services Private Limited'.