Tag Archive for KPIT

KPIT launches its First Center of Excellence for PTC Technology in the U.S.

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

PIT Technologies (BSE: 532400; NSE: KPIT) has launched the first Center of Excellence (CoE) showcasing PTC technology in the US, at KPIT’s Raleigh, North Carolina location. The launch event, themed “Elevate to the Connected World with Smart Manufacturing and Connected Products,” demonstrated how to build great customer experiences on the ThingWorxâ Industrial Innovation Platform using KPIT accelerators.

The hands-on demos focused on Journeys to Excellence in manufacturing across the value chain of Model – Make – Move – Manage. Industrie 4.0 technologies used included connected devices, integrated sensors, the ThingWorx platform and augmented & virtual reality. Customers participating in the CoE launch experienced how KPIT has enabled faster time to market by creating a closed loop manufacturing cycle between engineering, product manufacturing, supply chain and service using ThingWorx.

Excited about the launch of the first KPIT CoE in the US, Probodh Chiplunkar, Head of Digital Business at KPIT said, “It is the first of its kind in the US, and the second CoE that PTC and KPIT have collaborated on globally. Companies today want to create digital experiences for their users that are fast to build, yet scalable for the enterprise. Enabled by our accelerators built on PTC technologies, companies can quickly integrate IT and Operations Technologies for a connected manufacturing experience and better business outcomes, like a safer workplace, improvement in manufacturing OTD and unparalleled customer service.”

Digital technologies such as Industrial IoT, Cloud and Augmented Reality integrated with existing technologies in the manufacturing value chain have the power to change how companies deliver seamless experiences for customers and employees. KPIT demonstrations included: Read more

KPIT First Quarter Results FY 2019

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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 first quarter ended June 30, 2018.

 

Highlights for the quarter ended June 30, 2018

  • Rs. Revenues grow 4.9% Q-o-Q and 16.5% Y-o-Y, cross the Rs. 1,000 Crore quarterly revenue milestone
  • Net Profit for the quarter registers a Y-o-Y growth of 39.6%
  • Reported EBITDA for the quarter at 12.1%, a Y-o-Y growth of 54.5%
  • Net Cash position continues to improve, Net Cash at Rs. 3.5 Bn. as at the end of the quarter

Management comments

Commenting on the performance of Q1 FY19, Kishor Patil, Co-founder, CEO & MD, KPIT said, “We continue to focus on improving profitability and growth. We improved our operational margins by 50 bps during the quarter. We are on track with respect to the milestones on the proposed merger and then demerger of IT and Automotive Engineering businesses. We truly believe this will continue to be a significant value creator for all stakeholders as it has been in the last one year.” Read more

KPIT and Coventry University collaboration wins “Outstanding Course Team Award” at the Coventry University Excellence Awards 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 product engineering and IT consulting announced that its Master’s degree programs in Automotive Electronics and Strategic Engineering Management for employees, in collaboration with Coventry University, was honored with the prestigious award under the category of “Outstanding Course Team” at the Annual Coventry University Excellence Awards. It won the recognition for its unique and trend-setting approach.

The industry-academia collaboration is strategic for both the entities as there is significant overlap in the areas of research and development. As Automotive industry is going through major changes such as autonomous driving, electrification, cybersecurity, connected vehicles, advanced vehicle diagnostics etc., technology firms need to skill and upgrade their workforce with new-generation engineering capabilities that serve the changing customer landscape.

To navigate the transition and promote employee competence development, KPIT and Coventry University collaborated to introduce two specialized programs—M. Tech in Automotive Electronics and MBA in Strategic Engineering Management— exclusively for KPIT employees in Bangalore and Pune. The two-year programs comprise eight modules and a project, all co-created, co-designed, and co-delivered by the faculty members of Coventry University and subject matter experts from KPIT. The courses are practical and application-oriented, flexible, and contemporary while also meeting the highest levels of QAA (Quality Assurance Agency) standards. Read more

KPIT Awarded the FKCCI CSR Awards 2018 for CSR Excellence in Basic Education

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

KPIT receiving the FKCCI CSR Awards 2018 for CSR Excellence in Basic Education

KPIT Technologies (BSE: 532400; NSE: KPIT), a global technology company specializing in IT consulting and product engineering, today announced that it was awarded the FKCCI CSR Awards 2018 by the Federation of Karnataka Chambers of Commerce and Industry (FKCCI). The award for CSR Excellence in the Basic Education category for KPIT’s contribution via the Chhote Scientists project was presented by Hon’ble Deputy Chief Minister of Karnataka, Mr. G. Parameshwara, at the FKCCI CSR Conference and Awards – 2018 held in Bengaluru. Read more

KPIT Recognized as Winner of Two Manufacturing Leadership Awards 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 product engineering and IT consulting announced that it has been recognized with two Manufacturing Leadership Awards by Frost and Sullivan for its clean and smart technology solutions in the urban mobility sector. KPIT’s Integrated Intelligent Transport Systems and Revolo® have earned awards in the Smart Products and Services and Sustainability categories respectively. KPIT is working collaboratively with its customers and partners on innovative digital technologies and products in the areas of Smart Manufacturing and IoT.

 

Intelligent Transport System (ITS), winner in the Smart Products and Services category

KPIT’s On Bus Intelligent Transport System (OBITS) is the country’s first ARAI (Automotive Research Association of India) certified comprehensive telematics-based system supporting Indian bus design specifications -UBS II and is deployed on more than 5000 buses with Government transport operators. KPIT’s latest telematics solution is certified to support upcoming regulation – AIS 140 by Indian ministry of Road Transport – MORTH, that envisages ITS deployment across India for safety and convenience of passengers. All the KPIT ITS solutions are tailored to operate 24×7 in typical Indian operating conditions and enable transport operators to increase operating efficiency, passenger convenience, and time-to-market of the buses. Read more

KPIT named “SAP Hybris Americas Service Delivery Partner of the Year”

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

PIT Technologies (BSE: 532400; NSE: KPIT), a global technology company specializing in IT consulting and product engineering, announced that it has been named “SAP Hybris Americas Service Delivery Partner of the Year” by SAP Hybris. KPIT was recognized for its ability to successfully deliver SAP® Hybris® solutions that create transformational customer experiences and competitive differentiation for its clients across the Americas region.

KPIT has been driving market and customer impact for SAP Hybris solutions by drawing upon its deep heritage with delivering SAP solutions and is regarded for the ability to drive value-based sales cycles with accelerated business outcomes.

By combining its solution accelerators and IP with SAP Hybris solutions, KPIT has differentiated itself in the partner ecosystem by leading with innovations powered by SAP Hybris solutions such as dealer portals, 3D product visualization, predictive maintenance, intelligent field services and more.

“Our recognition as SAP Hybris Americas Service Delivery Partner of the Year underscores KPIT’s unwavering commitment to successful delivery outcomes and innovations across critical commerce, sales, service and marketing initiatives,” said Anand Chellam, Global Leader for KPIT’s SAP Strategic Business Unit. “SAP Hybris solutions represent a core and significant segment of our business portfolio, and this has resulted in ongoing recognition in the marketplace as a leading provider of services for SAP solutions,” added Chellam.

In addition to this SAP Hybris partner award, KPIT was ranked as a Leader for SAP Services in the most recent ISG Provider Lens™ report. KPIT sells, delivers and supports end-to-end SAP Hybris solutions helping leading B2C and B2B brands across strategic industries achieve transformational outcomes leveraging omni-channel commerce; sales; service; marketing; CPQ (configure, price and quote); billing; data hub and partner extension technologies.  Read more

KPIT Fourth Quarter Results FY 2018

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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 and Product Engineering solutions and services to Automotive, Manufacturing, Energy and Utilities companies, today reported its consolidated financial results for the fourth quarter and fiscal year ended March 31, 2018.

 

Highlights for the quarter ended March 31, 2018

  • Q4 FY18 PAT at ₹760 Million, a Q-o-Q growth of 23.2%, Y-o-Y growth of 41.6%
  • Q4 FY18 reported EBITDA at 11.4%, Operational EBITDA without transaction expenses at 12.7%
  • Q4 FY18 ₹ Revenue up by 6% Q-o-Q and 12.6% Y-o-Y
  • Net Cash Balance as at March 31, 2018 stood at ₹3.18 Billion (₹0.77 Billion as at March 31, 2017)
  • FY19 Growth Outlook of 8% – 10% in USD Revenue

 

Management comments

 

Commenting on the performance of Q4 FY18, Ravi Pandit, Co-founder, Chairman & Group CEO, KPIT said, “We are encouraged by the revenue growth during the quarter, led by engineering and certain segments of Business IT viz. Digital and ePLM. We will continue to invest in future technologies relevant for our customers. We are progressing well on the Merger-Demerger transaction, with all regulatory filings on track.” Read more

KPIT opens registrations for the fifth edition of its national innovation and design contest, KPIT Sparkle

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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 the launch of KPIT Sparkle 2019, the fifth edition of its annual national design and development innovation contest. It has collaborated with the Indian government’s Department of Science and Technology (DST) and NITI Aayog’s Atal Innovation Mission (AIM).

KPIT Sparkle is a national contest focused on creating a culture of innovation and providing students an opportunity to come up with innovative ideas to solve socially relevant issues.

The theme for this year’s edition is ” Mobility and Energy for the Future”. It seeks smart, intelligent, and clean solutions for the energy and automotive sectors. Students can submit their ideas on any of the following, but not limited to:

  • Energy generation from alternate sources such as solar and wind power; energy storage using bio-hydrogen, fuel cells, and other combustible materials; developing technologies for energy utilization, etc. Read more

KPIT to lead the Evaluation Committee of the Automotive & Smart Vehicles Segment at the Smart India Hackathon 2018 – Hardware Edition

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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 partnered with the Indian Government to support the first Smart India Hackathon 2018 – Hardware Edition. KPIT, which brings expertise in developing clean, green and intelligent technologies for the automotive industry, will be steering the evaluation committee of the automotive and smart vehicle segment of the hackathon.

Smart India Hackathon is the world’s largest nation-building initiative to harness the innovative brilliance of the youth and develop products for solving some of the country’s pressing problems.

Mr. B V R Subbu, eminent industry veteran and a member of Board of Directors at KPIT has been appointed the Chairperson and Dr. Purnendu Sinha Group Technology & Innovation Office at Tata Group as Co-Chairperson of the expert committee, while Sant Ranjan,Principal Architect-System, KPIT will work in the capacity of Secretary of the newly formed expert committee. Read more

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