Tag Archive for KPIT

KPIT and NITI Aayog sign SOI for supporting Atal Tinkering Labs to promote innovation among school children

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

KPIT Technologies (BSE: 532400; NSE: KPIT), a global technology company specializing in IT consulting and product engineering, announced today that it has signed a two-year statement of intent (SOI) with NITI Aayog (National Institution for Transforming India) to support and mentor select Atal Tinkering Laboratories (ATL) for secondary level school children across the country, under the central government’s flagship program, Atal Innovation Mission (AIM), to promote innovation and entrepreneurship in Indian schools, universities, and industries.

Atal Tinkering Laboratories or ATLs are open-ended workspaces where students can give shape to their ideas through hands-on ‘do-it-yourself’ learning modules and acquire critical skills to innovate with technology. They provide them with opportunities to go beyond the school curriculum, work with tools and equipment to understand concepts in science, technology, engineering, and mathematics (STEM), including chemistry, electronics, robotics, IoT (Internet of Things), 3D printing, etc., and improve inventiveness. The labs are equipped with low-cost rapid prototyping tools such as 3D printers, robotics, electronics and communications kits, and easy-to-learn graphic user systems that assist in creating products and solutions to address everyday problems. Read more

KPIT expands mobility solution portfolio; Adds AIS-140 compliant telematics system 25-TOP x

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

KPIT (BSE: 532400, NSE: KPIT), today confirmed the availability of India’s first ARAI (Automotive Research Association of India)-certified AIS-(Automotive Industry Standard)-140 compliant vehicle telematics and emergency button solution in line with the Ministry of Road Transport and Highways (MoRTH), Government of India’s notification dated November 28th 2016. The AIS-140 regulation, applicable from April 1st, 2018, mandates a vehicle tracking device and one or more emergency button(s) in all existing and new public service vehicles. Read more

KPIT Announces Go-Live implementation of SAP Suite on HANA for Elantas Beck India

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

KPIT Technologies (BSE: 532400; NSE: KPIT), a global technology company specializing in IT consulting and product engineering, today announced the successful go-live implementation of SAP Business Suite on HANA (SoH) for ELANTAS Beck India Ltd. The specialist for insulating materials for the electrical and electronics industry is part of the ALTANA group and is one of the leading providers in the liquid insulation market in India. The objective of implementing the SAP project at ELANTAS Beck India was to integrate business processes across its operations to create functional alignment and generate efficiency benefits in addition to laying the foundation for digitalization in the company. It is the first ERP-project in the ALTANA group, which is using the SAP Business Suite on HANA with the aim to drive business in real-time.

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Students from engineering colleges across India to present futuristic technologies in energy transportation at national innovation contest KPIT Sparkle 2018

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

KPIT Technologies (BSE: 532400; NSE: KPIT), a global technology company specializing in IT consulting and product engineering, announced today that 30 teams from engineering and technology institutes from across India are shortlisted to compete in the finals of its annual national design and development innovation contest, KPIT Sparkle. It aims at fostering a culture of innovation and critical thinking among students to solve real-world problems in socially-relevant sectors.

The KPIT Sparkle 2018 edition, with the Department of Science and Technology, Government of India, as its knowledge partner, invited students to develop next-generation technologies—applying artificial intelligence, new materials, and cybersecurity—to make products in the energy and transportation sectors greener, safer, and user-convenient. It received more than 12,000 registrations from more than 600 engineering and science colleges in the pre-qualification stage and shortlisted 30 of the 1,500+ teams for the finals based on the novelty, affordability, and commercial viability of their proposed ideas. KPIT Sparkle is an initiative by the company’s Innovation Council—chaired by Dr. R. A. Mashelkar, Board Member, KPIT— which focuses on the promotion of innovation both within the company and outside.International jurors consisting of eminent industry experts, technologists, academicians, and business leaders will evaluate the projects. Read more

KPIT and Birlasoft to come together to create two companies in the ‘Automotive Engineering and Mobility Solutions’ and ‘Digital Business IT Services’ space

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By  K Ashwin  Mobile: 09920183006  Email:indianshowbusiness@gmail.com

 

KPIT (BSE: 532400; NSE: KPIT), a well-established technology company with deep expertise in Auto Engineering and Mobility Solutions, and strong presence in Business IT with significant ERP expertise and niche digital competency and, Birlasoft, a part of the USD 1.6 billion diversified CK Birla Group, today announced the coming together of KPIT and Birlasoft, to create a USD 700+ million combined entity that will later demerge into two separate companies, focused on ‘Automotive Engineering and Mobility Solutions’ (the new KPIT Technologies) and ‘Digital Business IT Services’ (Birlasoft) respectively. During the period prior to completion of the deal, KPIT and Birlasoft will continue to be run by their current management, in addition to which management from KPIT and Birlasoft will work together to familiarize Birlasoft with the ITSS business.

 

At the conclusion of the deal, two new companies will be created. The new KPIT Technologies will be a USD 200+ million focused Engineering Services company that will be created by tapping into the current Engineering business of KPIT to create a global leader in Automotive Engineering and Mobility Solutions.

 

The new ‘Birlasoft’ will be a USD 500+ million Digital Business IT Services company that will be created by combining the KPIT ITSS business and the current Birlasoft creating a new leader in the mid-tier IT services space, which will also be called Birlasoft. Read more

KPIT investor update for the third quarter ended December 31, 2017

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By  K Ashwin  Mobile: 09920183006  Email:indianshowbusiness@gmail.com

KPIT (BSE: 532400; NSE: KPIT), a global technology company specializing in providing IT Consulting andProduct Engineering solutions and services to Automotive, Manufacturing, Energy and Utilities companies, today reported itsconsolidated financial results for the third quarter and nine months ended December 31, 2017.

 

Highlights for the quarter ended December 31, 2017

CC revenue was flat in Q3 FY18 as compared to Q2 FY18

Q3FY18 INR Revenues at ₹ 9,127.7 Million, a Y-o-Y growth of 10%

Q-o-Q Growth of 9.6% in absolute EBITDA

Q3FY18 PAT at ₹ 616.8 Million, a Q-o-Q growth of 3.3% and Y-o-Y decline of 16.2%

Net Cash Balance of ₹ 1,772 Million as at Q3 FY18 end Read more

KPIT launches crowdsourcing contest “KPIT BetterWorld” to develop ideas to make the planet sustainable

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By K Ashwin  Mobile: 09920183006  Email:indianshowbusiness@gmail.com

KPIT (BSE: 532400; NSE: KPIT), a global technology company specializing in product engineering and IT consulting, announced today the launch of its global crowdsourcing contest “KPIT BetterWorld” to develop technologies to counter environmental challenges. The initiative supports the company’s commitment to creating a cleaner, greener, and intelligent world through technology and recognizing the next-generation innovators.

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