Kirloskar Ferrous Industries Limited (KFIL), which was formally created and deployed as a legal entity on 10th September 1991 to manufacture pig iron and ferrous castings. Business areas of the company encompass Grey Iron castings, S.G Iron castings, Steel Investment castings and Pig Iron. The product range includes Grey Iron castings: 1 kg - 500 kg single piece weight, S.G Iron castings: 1 Kg -70 Kg single piece weight, Investment castings: 1 gram-1 Kg single piece weight and Pig Iron: Foundry Grade, S.G. Iron Grade & Basic Grade. For the producing the all above, the company having two manufacturing units in Bevinahalli Village (Near Hospet) and Solapur.

KFIL had broadened its footprint operations into into a technical collaboration with M/s. Tata Kort Engineering Services Ltd in March of the year 1992 for its business purpose. The Company's commercial production of Pig Iron from Mini Blast Furnace I and 3.5 MW Power Plant-1, using Blast Furnace Gas were started in the year 1994 and in the identical year, KFIL had issued Initial Public Offer. The commercial production of Grey Iron castings came to line in the year of 1995. In the same year of 1995, KFIL had started to produce Mini Blast Furnace II. The company had obtained an ISO 9002 certification. The Company's 3.5 MW Power Plant-2 was installed in the year of 1997. In 1997, Turbo Generator II was taken on lease with a capacity for the generation of 3.5 MW of power using Blast Furnace Gas. TG - II was taken on lease. After a year in 1998, the company started supply of TG power to foundry.

During the period of 1999-2000, KFIL had broadened its footprint operations into into a long term contract for pig iron with an institutional buyer and also secured a sales tax exemption for further two years. During the year 2000, the company broadened its footprint operations into into financial restructuring with IDBI and with other institutions namely IFCI, IIBI, GIC, OIC, LIC and NIA. In 2001, KFIL had received an ISO 9002 certification. After a year, in 2002, an ISO 14000 certification was handed over to the company. KFIL had broadened its footprint operations into into one time settlement with Financial Institutions for the repayment of the high cost Loans in the year 2003. An ISO / TS 16949:2002 certification was added to the company's quality list in the year of 2005. KFIL had purchased the MBF II and TG I, II in the year 2006 for its various purpose, which were earlier taken on lease. During the year 2007, the company had executed a strategic acquisition of Solapur foundry from Kirloskar Oil Engines Ltd and also Hot Blast Stoves project for Mini Blast Furnace -1 was commissioned.