Revenue US$ 489 million (2015) | Area served Worldwide Founded 1990 Founders Ravi Pandit, Kishor Patil | |
Traded as Nova ScotiaBSE: 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 Profiles | ||
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
- Bazaar earnings central kishor patil kpit technologies july 23
- History
- Industry focus
- Products and services
- Awards and recognition
- References
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.