Kennametal India Appoints Akshay Kulkarni to Senior Management Team

Kennametal India Limited announced the appointment of Akshay Kulkarni to its Senior Management team, effective March 30, 2026. The decision was approved by the company's Board of Directors.

The Board recognized Mr. Kulkarni's leadership capabilities, strong business acumen, and the positive impact he has delivered since joining Kennametal India on May 2, 2024. He currently serves as Senior General Manager - Sales.

Kennametal India is a subsidiary of the U.S.-based Kennametal Inc. The company manufactures and trades hard metal products and capital-intensive machines, serving key industries such as aerospace, defense, energy, and transportation across its Hard Metal and Machining Solutions Group (MSG) segments.

Recent company developments include preparations for future growth, with the board approving pre-project activities and capital expenditure of approximately ₹68 crore for a new greenfield project for its MSG Business in November 2025. This comes amid several management and director changes that occurred between mid-2024 and late-2025.

Additionally, auditor appointments were confirmed in August 2025. Ernst & Young LLP was re-appointed as Internal Auditor, while V. Sreedharan & Associates was appointed as Secretarial Auditor for a five-year term starting from FY2025-26.

In terms of financial performance, as of Q3 FY26, Kennametal India reported revenues of Rs 3,340 million, marking a 16.4% growth over Q3 FY25. Profit Before Tax for the quarter stood at Rs 353 million, an increase of 9% compared to Q2 FY25.

Kennametal India operates within the industrial goods and services sector. Its peers include companies such as AIA Engineering Ltd., focusing on wear parts for mining and power, and Bharat Heavy Electricals Ltd. (BHEL), a major player in power equipment. Other competitors in related areas include Sandvik Asia and Thejo Engineering Ltd.