KPIT Technologies Limited: History, Latest Updates, Milestones, Subsidiaries & Share Price
Introduction
KPIT Technologies Limited, with its head office at Pune, Maharashtra, India, operates under the IT and consulting industry. KPIT Technologies Limited, incorporated in the year 1990, operates in the business of software development for automobiles globally. It offers AI technology interfaced digital software with advanced next generation technologies on vehicles. It has its centers in India, European countries, America, Japan , Thailand and China. It has a customer base of more than thirteen thousand from automobile sectors. KPIT Technologies possess 51 patented rights .
As of 17th June, 2024, KPIT share price is Rs.1478.90
KPIT Technologies Limited Moves In 2024
KPIT share price as of 17th June is Rs.1478.90
KPIT Technologies Limited, reported its fourth quarter FY 2024, in which revenue of the company grew by 40.4% and PAT grew by 56% on a year-on-year basis.
KPIT share price for the month of May 2024 was Rs.1479.95
KPIT Technologies Limited, reported its third quarter FY2024, in which net profit of the company grew by 55% and revenue of the company grew by 31.5% on a year-on-year basis.
KPIT share price for the month of April was Rs.1457.25
KPITs Technologies' vehicle diagnosis application gets Open Artificial Intelligence Service Boost.
KPIT share price for the month of March was Rs.1494.20
KPIT Technologies has been listed in the Fortune's Next 500 list in top tenth rank.
KPIT share price for the month of February was Rs.1486.40
KPIT Technologies 10th anniversary celebrated with more than 1000 mobility innovation ideas.
KPIT share price for the month of January was Rs.1570.55
Evolution Of KPIT Technologies Limited: From Past to Present
|
Year |
Evolution |
|
1980 - 1990 |
Founded Kirtane and Pandit Chartered Accountants Firm. KPIT started as a subsidiary of Chartered Accountant Firm with Mr. Ravi Pandit, Mr. Kishor Patil, Mr. Shirish Patwardhan and Mr. Sachin Tikekar as founders. |
|
1999 - 2013 |
KPIT Infosystems operated on the business of technological solution development. In 1999, Went for Initial Public Offering which was oversubscribed 50 times. In 2002, KPIT in collaboration with the Engineering & Information Technology division of Cummins and formed KPIT Cummins Infosystems . Between 2002 - 2013, KPIT made business expansion in automobile engineering. KPIT made acquisitions of CG Smith, TVS Harita Mechanical Engineering Division and in2Soft Diagnostics , Germany. |
|
2013 -2018 |
In 2013, KPIT Cummins Infosystems renamed as KPIT Technologies Limited KPIT business expanded into mobility and invented REVOLO and Maximus Pro. KPIT is recognized internationally by UTIP, UN and NASSCOM. KPIT made acquisitions of Microfuzzy and IKV. In 2018, KPIT merged with Birlasoft and demerged later. Focussed on automobile mobility software development. |
|
2019 -2024 |
KPIT re-engineered its vision, mission and purpose aligning it to Automobile mobility. KPIT listed on Indian stock exchanges. KPIT settled with its headquarters at Pune, India. Opened a new center in Europe for software engineering. Opened new campuses in the USA, Brazil, Thailand and Japan. Opened new campuses at Bengaluru and Cochin. KPIT made acquisitions of Future Mobility Solutions, Path Partner, Somit Solutions and Technica Engineering. KPIT made global partnerships with Honda, Renault Group and ZF . |
KPIT Technologies Company Information
|
Company Information |
|
|
Name |
KPIT Technologies Limited |
|
Founded year |
1990 |
|
Founder |
Mr. Ravi Pandit & Mr. Kishor Patil |
|
Headquarters |
Pune, Maharashtra, India |
|
Industry |
Automotive |
|
Chairman |
Mr. Ravi Pandit |
|
CEO & MD |
Mr. Kishor Patil |
|
Revenue |
Rs. 4871 crore FY2024 |
|
Net Income |
Rs. 598 crore FY2024 |
|
NSE code |
NSE:KPITTECH |
|
BSE code |
BSE: 542651 |
Inside KPIT Technologies Limited
KPIT Stock News
KPIT Technologies Limited, reported its fourth quarter FY 2024, in which revenue of the company grew by 40.4% and PAT grew by 56% on a year-on-year basis.
KPIT Technologies Limited, reported its third quarter FY2024, in which net profit of the company grew by 55% and revenue of the company grew by 31.5% on a year-on-year basis.
KPITs Technologies' vehicle diagnosis application gets Open Artificial Intelligence Service Boost.
KPIT Technologies has been listed in the Fortune's Next 500 list in top tenth rank.
KPIT Technologies 10th anniversary celebrated with more than 1000 mobility innovation ideas.
KPIT Technologies Share Price Today
|
Company Name |
Sector |
Share Price Link |
|
KPIT Technologies Limited |
Software & IT Services |
Milestones of KPIT Technologies Limited
|
Year |
Milestones |
|
1990 |
KPIT Infosystems founded. |
|
1999 |
Listed on Indian Stock Exchanges |
|
2002 |
Operated IT as consultancy and software services with clients from US and Europe. |
|
2004 |
Cummins India IT Division was acquired |
|
2008 |
Merger ‘ KPIT Cummins Infosystems’ |
|
2010 |
Bought stakes in SYSTIME , a JD Edwards ERP |
|
2013 |
I – Cubed was acquired. |
|
2014 |
Renamed as ‘ KPIT Technologies’ |
|
2015 |
Introduced autonomous driving and electrification technologies |
|
2018 |
Demerged IT division to Birlasoft. |
|
2020 |
Partnership worldwide for automotive expertise. |
|
2021 |
Growth strengthened in revenue and income |
|
2022 |
Expanded its investment into R&D |
|
2023 |
New innovation centers at Europe and US |
KPIT Technologies Limited Achievements
-
Two Business Leadership Awards from Economic Times Ascent .
-
Leadership Award In ACES Mobility Automotive Engineering Services by Everest Group PEAK Matrix Assessment.
-
First prize for workplace excellence and sustainability at iNFHRA's Pune Chapter.
-
Innovative Leadership Award under global OTA and Cloud computing platform.
-
Maturity Level 5 certificates for Automotive SPICE Organizational Process.
-
Service Delivery and Excellence award by NASSCOM.
Conclusion
KPIT Technologies Limited, with its objective to grow in automotive software innovation and implementation of advanced next generation technologies. KPIT Technologies' crucial focus is on autonomous driving technology, electrifications, and digital transformation in the automobile sector in the forthcoming years. The company also projects a major growth in revenue, market expansion , and innovative automobile solutions.
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Frequently Asked Questions
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What is KPIT Tech Share Price Target in 2024?
KPIT stock price target for the year 2024 would be Rs. 2193.98. For real-time insights into the future of KPIT Share Price, visit Enrich Money
