KARAD PROJECTS AND MOTORS LIMITED (KPML) is a Motor and Pump Parts manufacturing company with expertise in manufacturing of Stampings, Stators, Rotors, AC rotating machines, Aluminium Die-cast Connecting Rods and Pump assemblies. KPML manufactures energy efficient motors for various applications .

In the year 2013, Hematic Motors Private Limited was amalgamated with Kirloskar Constructions and Engineers Limited. Further the name of Kirloskar Constructions and Engineers Limited, has been changed as KARAD PROJECTS AND MOTORS LIMITED (KPML).This company is a wholly owned subsidiary of Kirloskar Brothers Limited (KBL). KBL is a world class pump manufacturing company with expertise in engineering and manufacture of systems for fluid management. Established in 1888 and incorporated in 1920, KBL is the only Pump manufacturing company in India and ninth in the world to be accredited with the N and NPT certification by American Society of Mechanical Engineers (ASME).

KPML has three manufacturing divisions located at Karad Maharashtra State (India) named as:

• Motor Division (erstwhile Hematic Motors Pvt. Ltd incorporated in 1973)
• Stamping Division (erstwhile Pressmatic Electro Stampings Pvt. Ltd. incorporated in 1981)
• Component Division (erstwhile Quadromatic Engineering Pvt. Ltd. incorporated in 1982)