KPIT Technologies

KPIT Technologies
Public
Traded as Nova Scotia
BSE: 532400
Industry Information Service Group, Product Engineering, IT consulting
Founded 1990 Pune, Maharashtra
Founder
  • Ravi Pandit
  • Kishor Patil
Area served
 Worldwide
Services IT, business consulting, Engineering and outsourcing services
Revenue Increase US$ 489 million (2015)[1]
Number of employees
 10,210 (As of 31 Mar, 2015)[2]
Slogan Technologies for a Better World
Website www.kpit.com

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.[3]

KPIT is a publicly traded company - BSE: 532400,[4] NSE: KPIT[5]

KPIT also operates in Automotive domain[6] and has created well known solutions including REVOLO[7] and India's first ARAI[8] certified Intelligent Transportation System — On-bus ITS.[9]

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.[10]

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.[11][12]

The Company made its initial public offer (IPO) in 1999, which was 50 times oversubscribed.[13]

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

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.[15]

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.[16]

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[17] 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.[18]

Awards and recognition

References

  1. ↑ "Announces Consolidated Q4 & FY15 results". The Hindu Business Line. Retrieved 21 March 2016.
  2. ↑ "kpit FAQs". Retrieved 2014.
  3. ↑ Dileep Athavale (11 January 2013). "KPIT Cummins, a global leader in product engineering solutions for automotive industry, has announced the launch of its unique app deployment framework, Apps-to-Go.". The Times of India. Retrieved 21 March 2016.
  4. ↑ "Stock Share Price kpit technologies limited - Get Quote kpit cummin - BSE". Retrieved 21 March 2016.
  5. ↑ "NSE - National Stock Exchange of India Ltd.". Retrieved 21 March 2016.
  6. ↑ "KPIT Cummins Appoints New VP, Automotive Technology". Autotechreview.com. Retrieved 21 March 2016.
  7. ↑ "REVOLO Ready To Fit Hybrid Technology". Team-BHP.com. Retrieved 21 March 2016.
  8. ↑ Automotive Research Association of India
  9. ↑ "KPIT launches Indias first ARAI certified On-Bus Intelligent Transport System (ITS) for JnNURM II". The Hindu Business Line. Retrieved 21 March 2016.
  10. ↑ "DQ Top 20:#36 KPIT Cummins Infosystems: Racing Ahead". Archived from the original on July 14, 2014. Retrieved July 4, 2014.
  11. ↑ "Archived copy". Archived from the original on July 14, 2014. Retrieved July 4, 2014.
  12. ↑ "As the Auto Industry Shifts Gears, KPIT Cummins Finds Room for Growth". Knowledge@Wharton. Retrieved 21 March 2016.
  13. ↑ "Investors log on to KPIT Systems,IPO oversubscribed 50 times". Retrieved 21 March 2016.
  14. ↑ "Cummins Infotech merges with KPIT Infosys - The Economic Times". Economictimes.indiatimes.com. 2002-05-08. Retrieved 2016-03-21.
  15. ↑ "KPIT adopts new brand & visual identity". 10 September 2013. Retrieved 21 March 2016.
  16. ↑ "Frost & Sullivan :: Manufacturing Leadership Summit". Frost & Sullivan. Retrieved 21 March 2016.
  17. ↑ "Tesla looks at global connect with patent-freeing move". Retrieved 21 March 2016.
  18. ↑ "KPIT launches intelligent transport system for buses". The Hindu Business Line. Retrieved 21 March 2016.
  19. ↑ "A Tech Company With An Auto Focus". Forbes. 23 July 2014. Retrieved 21 March 2016.
  20. ↑ Alka Kshirsagar. "Anup Sable induted on GENIVI Alliance board". The Hindu Business Line. Retrieved 21 March 2016.
  21. ↑ "Articles - KPIT Cummins wins environmental excellence award for Revolo - Automotive Products Finder". Retrieved 21 March 2016.
  22. ↑ "KPIT Cummins' Revolo bags award at ISA Technovation event". Retrieved 21 March 2016.
  23. ↑ "KPIT Cummins wins NASSCOM award". 11 February 2011. Retrieved 21 March 2016.

External links

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