KPIT Technologies

KPIT Technologies
Public
Traded as NSE: KPIT
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,[18] body electronics, chassis, diagnostics, telematics, hybrid/ electric powertrain[18] as well as infotainment.

The IT consulting line of business spans services and solutions developed around Oracle[19] and SAP[20] products stacks to name a few.

KPIT's Intelligent Transport System (ITS) is the first ARAI certified JNNURM II compliant On-Bus ITS solution.[21]

Awards & Recognition

References

  1. ↑ http://www.thehindubusinessline.com/companies/announcements/results/announces-consolidated-q4-fy15-results/article7150967.ece. Missing or empty |title= (help)
  2. ↑ "kpit FAQs". Retrieved 2014.
  3. ↑ http://timesofindia.indiatimes.com/articleshow/17977460.cms
  4. ↑ http://www.bseindia.com/stock-share-price/kpit-technologies-limited/kpit-cummin/532400/
  5. ↑ http://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=KPIT&illiquid=0
  6. ↑ http://autotechreview.com/news/item/387-kpit-cummins-appoints-new-vp-automotive-technology.html
  7. ↑ http://www.team-bhp.com/forum/technical-stuff/83167-revolo-ready-fit-hybrid-technology.html
  8. ↑ Automotive Research Association of India
  9. ↑ http://www.thehindubusinessline.com/companies/announcements/others/kpit-launches-indias-first-arai-certified-onbus-intelligent-transport-system-its-for-jnnurm-ii/article5414242.ece
  10. ↑ http://www.dqindia.com/dataquest/dq-top-20/198606/dq-top-36-kpit-cummins-infosystems-racing-ahead
  11. ↑ http://www.outlookbusiness.com/article_v3.aspx?artid=287922
  12. ↑ https://knowledge.wharton.upenn.edu/article/as-the-auto-industry-shifts-gears-kpit-cummins-finds-room-for-growth/
  13. ↑ http://expressindia.indianexpress.com/fe/daily/19990223/fma23064.html
  14. ↑ http://economictimes.indiatimes.com/cummins-infotech-merges-with-kpit-infosys/articleshow/9192349.cms
  15. ↑ http://www.moneycontrol.com/news/business/kpit-adopts-new-brandvisual-identity_947070.html
  16. ↑ http://www.mlsummit.com/sponsors/kpit-technologies/
  17. ↑ http://www.autocarpro.in/print_article/features/tesla-looks-global-connect-patent-freeing-5956?print=true
  18. 1 2 Powertrain
  19. ↑ Oracle Corporation
  20. ↑ SAP AG
  21. ↑ http://www.thehindubusinessline.com/industry-and-economy/info-tech/kpit-launches-intelligent-transport-system-for-buses/article5417386.ece
  22. ↑ http://www.forbes.com/sites/anuraghunathan/2014/07/23/a-tech-company-with-an-auto-focus/
  23. ↑ http://www.thehindubusinessline.com/companies/anup-sable-induted-on-genivi-alliance-board/article6036726.ece
  24. ↑ http://www.automotiveproductsfinder.com/APFCONTENT/articles/kpit-cummins-wins-environmental-excellence-award-for-revolo.php
  25. ↑ http://www.cxotoday.com/story/kpit-cummins-revolo-bags-award-at-isa-technovation-event/
  26. ↑ http://www.business-standard.com/article/technology/kpit-cummins-wins-nasscom-award-111021100038_1.html

External links

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