Supriya Ghosh (Editor)

KPIT Technologies

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Covid-19
Type  Public
Revenue  US$ 489 million (2015)
Headquarters  Pune
Area served  Worldwide
Founded  1990
Founders  Ravi Pandit, Kishor Patil
KPIT Technologies httpsmediaglassdoorcomsqll28977kpittechno
Traded as  Nova Scotia BSE: 532400
Industry  Information Service Group, Product Engineering, IT consulting
Services  IT, business consulting, Engineering and outsourcing services
Stock price  KPIT (NSE) ₹ 133.35 +1.70 (+1.29%)16 Mar, 3:30 PM IST - Disclaimer
Subsidiaries  Impact Automotive Solutions Ltd
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Kpit technologies


KPIT Technologies (formerly KPIT Cummins Infosystems Ltd) is Indian Multinational corporation with registered office in Pune, Maharashtra, India. Popularly known as KPIT, the company provides product engineering services and solutions, IT consulting services and technologies. Headquartered in Pune, India.

Contents

KPIT is a publicly traded company - BSE: 532400, NSE: KPIT

KPIT also operates in Automotive domain and has created well known solutions including REVOLO and India's first ARAI certified Intelligent Transportation System — On-bus ITS.

KPIT's FY 2015 revenues were at $489 million and it has 10 development centers and 34 offices spread across 16 countries. KPIT has filed more than 50 patents and has won several awards for innovation.

Bazaar earnings central kishor patil kpit technologies july 23


History

KPIT was co-founded in 1990 by Ravi Pandit and Kishor Patil, as KPIT Infosystems. Both the co-founders are Chartered Accountants by profession & were partners in the Chartered Accountancy firm Kirtane and Pandit Chartered Accountants.

The Company made its initial public offer (IPO) in 1999, which was 50 times oversubscribed.

In 2002, Cummins Infotech, the IT arm of Cummins Inc. merged with KPIT and the name of the Company became KPIT Cummins Infosystems Ltd.

Change in name: It 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.

Industry focus

KPIT is focused on the three industries namely manufacturing, automotive & transportation and energy & utilities, with clients such as Cummins, Paccar, Lafarge, and so on.

Products and services

KPIT provides product engineering and IT consulting solutions and services to its clients. The Product Engineering line of business encompasses solutions and services to create automotive products by impacting the sub-systems of a vehicle including powertrain, body electronics, chassis, diagnostics, telematics, hybrid/ electric powertrain as well as infotainment.

The IT consulting line of business spans services and solutions developed around Oracle Corporation and SAP AG products stacks.

KPIT's Intelligent Transport System (ITS) is the first ARAI certified JNNURM II compliant On-Bus ITS solution.

Awards and recognition

  • KPIT featured in Forbes Asia Top 200 Best Under a Billion Companies
  • Anup Sable, Sr.VP & Head of Products appointed to the GENIVI Board of Directors
  • KPIT wins prestigious Mahesh Modi Environmental Excellence Award for Revolo
  • Revolo bags ISA Technovation Awards
  • KPIT wins NASSCOM Promising Innovation of the Year for REVOLO
  • References

    KPIT Technologies Wikipedia


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