KPIT Technologies

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KPIT Technologies
FormerlyKPIT Cummins Infosystems Ltd
Company type
Public
NSE: KPITTECH
BSE: 542651
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HeadquartersPune, Maharashtra, India
Area served
Worldwide
Key people
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ServicesProduct engineering
Embedded software
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Websitewww.kpit.com
Footnotes / references
Financials as of 31 March 2025.[3]

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KPIT Technologies Ltd is an Indian multinational corporation which provides engineering research and development (ER&D) services to automotive companies. The company is headquartered in Pune and has development centers in Europe, USA, Brazil, Japan and China, apart from India.[5][6]

KPIT has filed 58 patents,[7] published some research papers, and has won several awards for innovation.[8][9]

History

KPIT was co-founded in 1990 by Ravi Pandit and Kishor Patil, as KPIT Infosystems. Both of them are chartered accountants by profession, and they were partners in an accountancy firm, Kirtane & Pandit Chartered Accountants (KPCA).[10][11] The company made its initial public offer (IPO) in 1999, which was 50 times oversubscribed.[12][13]

In 2002, Cummins Infotech, the IT department of Cummins merged with KPIT, and the name of the company became KPIT Cummins Infosystems Ltd.[14]

KPIT Cummins Infosystems changed its name to "KPIT Technologies Limited" in September 2013. This was in line with Cummins' decision to reduce its shareholding in KPIT, to focus on its core business of engine and generator manufacturing.[15]

In January 2018, Birlasoft, an IT company, and KPIT announced their merger, with plans to immediately split into two new companies. [16] In April 2018, this deal was approved by the Competition Commission of India.[17] Following the corporate spin-off, one company focused on IT and the other on automotive was formed. The IT company operated under the name Birlasoft, and the automotive company operated under the name KPIT Technologies. According to the original plan, the shareholders of Birlasoft received 22 shares of the combined company for every 9 shares they held in Birlasoft, while the shareholders of KPIT Technologies received 1 share of the new KPIT Technologies company for every share they held in KPIT Technologies.[16]

In an interview, Ravi Pandit, co-founder, chairman, and CEO of KPIT Technologies, commented upon this deal, "Segregating business IT and automotive tech businesses will provide sharper focus on each business."[18] On 22 April 2019, KPIT Technologies Limited got listed on BSE and NSE. The transaction resulted in two publicly traded specialized technology companies – KPIT Technologies and Birlasoft.[19]

On 6 June 2019, KPIT launched its new corporate logo.[20][21]

References

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  1. ^ Page Module:Citation/CS1/styles.css has no content."We see budgets happening in the area of digital technologies: Ravi Pandit, KPIT Technologies". The Economic Times. 27 April 2017. Retrieved 11 September 2017.
  2. ^ Page Module:Citation/CS1/styles.css has no content."Kishor Patil, CEO of KPIT Technologies". CIO100, CIO from IDG. 17 August 2017. Archived from the original on 11 September 2017. Retrieved 11 September 2017.
  3. ^ Page Module:Citation/CS1/styles.css has no content."Investor Update Q4 FY25 & FY25" (PDF). KPIT Technologies Ltd. Retrieved 28 May 2025.
  4. ^ Page Module:Citation/CS1/styles.css has no content."KPIT Technologies profit surges 50%, revenue 37% in Q3". Moneycontrol.com. 30 January 2024. Retrieved 10 March 2024.
  5. ^ Page Module:Citation/CS1/styles.css has no content."Contact Us". KPIT Technologies. Retrieved 29 April 2019.
  6. ^ Page Module:Citation/CS1/styles.css has no content."KPIT Q3FY20 Profit grows 19.3% sequentially". KPIT Technologies. 29 January 2020. Retrieved 29 January 2020.
  7. ^ Page Module:Citation/CS1/styles.css has no content."Kishor Patil, CEO of KPIT Technologies". ComputerWorld India. Retrieved 9 October 2017.
  8. ^ Page Module:Citation/CS1/styles.css has no content."Awards and Recognition". KPIT Technologies. Retrieved 9 October 2017.
  9. ^ Page Module:Citation/CS1/styles.css has no content."2016-1017 Annual Report | Technology Innovation at the Confluence of Engineering & Digital" (PDF). KPIT Technologies. p. 14. Archived from the original (PDF) on 14 December 2018. Retrieved 9 October 2017.
  10. ^ Page Module:Citation/CS1/styles.css has no content."Sitting Pretty". Outlook Business. 12 October 2013. Archived from the original on 14 July 2014.
  11. ^ Page Module:Citation/CS1/styles.css has no content."As the Auto Industry Shifts Gears, KPIT Cummins Finds Room for Growth". Knowledge@Wharton. 8 October 2009. Retrieved 21 March 2016.
  12. ^ Page Module:Citation/CS1/styles.css has no content."Investors log on to KPIT Systems, IPO oversubscribed 50 times". The Indian Express. 23 February 1999. Retrieved 21 March 2016.
  13. ^ Page Module:Citation/CS1/styles.css has no content."KPIT Technologies Listing Information". The Economic Times. Retrieved 8 January 2019.
  14. ^ Page Module:Citation/CS1/styles.css has no content."Cummins Infotech merges with KPIT Infosys". The Economic Times. 8 May 2002. Retrieved 21 March 2016.
  15. ^ Page Module:Citation/CS1/styles.css has no content."KPIT adopts new brand & visual identity". Moneycontrol.com. 10 September 2013. Retrieved 21 March 2016.
  16. ^ a b Page Module:Citation/CS1/styles.css has no content."KPIT Technologies: KPIT, Birlasoft to merge and split into two publicly-traded companies". The Economic Times. 30 January 2018. Retrieved 16 May 2019.
  17. ^ Page Module:Citation/CS1/styles.css has no content."CCI approves KPIT-Birlasoft deal". Moneycontrol.com. 9 April 2018. Retrieved 8 January 2019.
  18. ^ Page Module:Citation/CS1/styles.css has no content."Why KPIT and Birlasoft are merging to create 2 separate companies". The Economic Times. 30 January 2018. Retrieved 8 January 2019.
  19. ^ Page Module:Citation/CS1/styles.css has no content."KPIT Technologies gets listed on BSE and NSE". Economic Times. 22 April 2019. Retrieved 29 June 2019.
  20. ^ Page Module:Citation/CS1/styles.css has no content."KPIT unveils its New Visual Brand Identity". Business Standard. 6 June 2019. Retrieved 9 June 2019.
  21. ^ Page Module:Citation/CS1/styles.css has no content."KPIT Technologies shares gain 5% as Goldman Sachs retains 'buy' after acquisition". Moneycontrol.com.

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