KPIT Technologies Limited (formerly KPIT Cummins Infosystems Ltd) is an Indian

multinational corporation A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, i ...

which provides

embedded software Embedded software is computer software, written to control machines or devices that are not typically thought of as computers, commonly known as embedded systems. It is typically specialized for the particular hardware that it runs on and has time ...

and

product engineering Product engineering refer to the process of designing and developing a device, assembly, or system such that it be produced as an item for sale through some product manufacturing process. Product engineering usually entails activity dealing with ...

services to automotive companies. Popularly known as KPIT, the company is headquartered in

Pune Pune (; ; also known as Poona, (List of renamed Indian cities and states#Maharashtra, the official name from 1818 until 1978) is one of the most important industrial and educational hubs of India, with an estimated population of 7.4 million ...

and has development centers in Europe, USA, Japan, and China, apart from India. KPIT has filed 58 patents, published some research papers, and has won several awards for innovation.

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). The company made its

initial public offer An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

(IPO) in 1999, which was 50 times oversubscribed. In 2002, Cummins Infotech, the IT department of

Cummins Cummins Inc. is an American multinational corporation that designs, manufactures, and distributes engines, filtration, and power generation products. Cummins also services engines and related equipment, including fuel systems, controls, air ...

merged with KPIT, and the name of the company became KPIT Cummins Infosystems Ltd. 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. In January 2018,

Birlasoft KPIT Technologies Limited (formerly KPIT Cummins Infosystems Ltd) is an Indian multinational corporation which provides embedded software and product engineering services to automotive companies. Popularly known as KPIT, the company is headq ...

, an IT company, and KPIT announced that they will merge and immediately split into two new companies. In April 2018, this deal was approved by the

Competition Commission of India The Competition Commission of India (CCI) is the chief national competition regulator in India. It is a statutory body within the Ministry of Corporate Affairs and is responsible for enforcing the Competition Act, 2002 to promote competition a ...

. After the

corporate spin-off A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. Characte ...

of the new company, an IT company and an automotive company would be formed. The IT company would work under the name of Birlasoft, and the automotive company will work under the name of KPIT Technologies. According to the original plan, the shareholders of Birlasoft would receive 22 shares of the combined company for every 9 shares they hold in Birlasoft, and the shareholders of KPIT Technologies would receive 1 share of the new company working under the name of KPIT Technologies, for every share they hold in KPIT Technologies. 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." 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 - focused on automotive engineering and mobility solutions; and Birlasoft – focused on IT services. On 6 June 2019, KPIT launched its new corporate logo.

Products and services of KPIT

KPIT provides

software Software is a set of computer programs and associated documentation and data. This is in contrast to hardware, from which the system is built and which actually performs the work. At the lowest programming level, executable code consists ...

solution in form of product & services to automotive companies and its business is segregated into six domains, namely,

Autonomous Driving A self-driving car, also known as an autonomous car, driver-less car, or robotic car (robo-car), is a car that is capable of traveling without human input.Xie, S.; Hu, J.; Bhowmick, P.; Ding, Z.; Arvin, F.,Distributed Motion Planning for S ...

, Connected Vehicles, Electric & Conventional

Powertrain A drivetrain (also frequently spelled as drive train or sometimes drive-train) is the group of components that deliver mechanical power from the prime mover to the driven components. In automotive engineering, the drivetrain is the components o ...

Vehicle Diagnostics On-board diagnostics (OBD) is a term referring to a vehicle's self-diagnostic and reporting capability. OBD systems give the vehicle owner or repair technician access to the status of the various vehicle sub-systems. The amount of diagnostic inf ...

, AUTOSAR and

Mechatronics Mechatronics engineering also called mechatronics, is an interdisciplinary branch of engineering that focuses on the integration of mechanical, electrical and electronic engineering systems, and also includes a combination of robotics, electronics, ...

. KPIT's clients include BMW,

Paccar Paccar Inc is an American ''Fortune'' 500 company and counts among the largest manufacturers of medium- and heavy-duty trucks in the world, and has substantial manufacturing in light and medium vehicles through its various subsidiaries. It was o ...

Lafarge La Farge, LaFarge or Lafarge can refer to: People * Antoinette LaFarge (1966–), American artist and writer * Christopher Grant LaFarge (1862–1938), American architect and partner in the firm Heins & LaFarge * Christopher Grant La Farge ( ...

, GM, DICV etc.; It has also created software solutions such as

Revolo Revolo is a plug-in parallel hybrid technology that can be retrofitted in both existing and new cars. This technology can also be used in buses and trucks. The technology was developed by KPIT Technologies and the product will be manufactured th ...

, which is the first ARAI-certified

JNNURM Jawaharlal Nehru National Urban Renewal Mission (JNNURM) was a massive city-modernization scheme launched by the Government of India under the Ministry of Urban Development. It envisaged a total investment of over $20 billion over seven years. ...

II compliant On-Bus intelligent transport system.

References

{{authority control International information technology consulting firms Software companies of India Engineering companies of India Multinational companies headquartered in India Indian companies established in 1990 Technology companies established in 1990 Companies based in Pune 1990 establishments in Maharashtra Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange