The smallest $k$ when such permutations exist is $k=4$. Namely, the set of $\pi_i$ given by
$$\big\{\  [1, 2, 3, 4], [1, 3, 4, 2], [1, 4, 2, 3], [2, 1, 3, 4], [2, 3, 4, 1], [2, 4, 1, 3],$$
$$ [3, 4, 1, 2], [3, 4, 2, 1], [4, 1, 2, 3], [4, 1, 3, 2], [4, 2, 1, 3]\ \big\}$$
and $\pi = [2, 3, 4, 1]$ do the job. In fact, the total number of inversions in this set is decreased by 5 when multiplied by $\pi$.