Catamaran Ventures Adds Kirloskar Oil Engines and Ador Welding to Its Portfolio

Catamaran Ventures LLP, the investment firm associated with Infosys co-founder N. R. Narayana Murthy, added two Indian manufacturing companies to its disclosed portfolio during the quarter ended September 2026. Its shareholding disclosures show 15,43,969 shares, representing approximately 1.06%, in Kirloskar Oil Engines, and 1,82,798 shares, representing approximately 1.05%, in Ador Welding. Based on reported market valuations, the two holdings were worth approximately ₹280–289 crore and ₹23–24 crore, respectively.

Kirloskar Oil Engines manufactures engines and power-generation equipment, while Ador Welding supplies welding consumables, equipment and automation systems. The investments give Catamaran additional exposure to India’s industrial manufacturing and capital expenditure themes.

Deal details: The new holdings were visible in the September 2026 quarter-end disclosures. However, the public shareholding data reviewed does not establish the exact purchase date or average acquisition price for either investment. The market values cited above are estimates of the holdings’ value—not confirmed purchase costs.