KPIT Technologies Share Price

KPIT Technologies is an Indian multinational software company offering embedded software and product engineering services. Commonly called KPIT, the company's primary focus is to provide software services to automotive companies. KPIT Technologies is headquartered in Pune, Maharashtra and has development centres in China, Japan and Europe. KPIT Technologies has heavily invested in building expertise and global scale in areas such as the mobility ecosystem, hardware-software disaggregation, software integration and upskilling & cross-skilling. 

KPIT Technologies is the only embedded software company with deep domain expertise across CASE (Connected, Autonomous, Shared, Electrified) and has key strategic clients and alliances in the mobility ecosystem. The company has over 11,000 auto believers worldwide with expertise in AI, digital solutions and embedded software. 

KPIT Technologies has 51 patents in the automotive software and mobility industry and is a publicly listed company with KPIT Technologies shares trading on the stock exchanges. The NSE symbol for KPI Technologies is KPITTECH, and it has a 39.47% share with promoters and 25.91% shares with foreign institutions. The market cap for KPIT Tech is Rs 28,876 crores, and KPIT Tech's share price is based on its revenue of Rs 1,017 crores and profit of Rs 112 crores in March 2023. 
 

KPIT Technologies – History 

Ravi Pandit and Kishor Patil co-founded KPIT Technologies in 1990 as KPIT Infosystems. They were Chartered Accountants and worked together in an accountancy firm before starting KPIT Infosystems. In 1999, KPIT Infosystems saw a major boost to its brand name when it came out with an IPO, subscribed to over 50 times by investors. After the IPO in 2002, KPIT Infosystems and Cummins Engineering & IT arm merged to form KPIT Cummins Infosystems. The formed business entity was the first to focus on embedded software and digital transformation in the automotive and manufacturing sectors.

Between 2002-2013, KPIT Infosystems acquired many companies like TVS Harita Mechanical Engineering Team, CG Smith and in2Soft Diagnostics of Germany. In 2013, KPIT Cummins Infosystems changed its name to "KPIT Technologies Limited" as Cummins reduced its shareholding in the company. In January 2018, KPIT Technologies merged with Birlasoft, an IT company, to create two new companies, an IT and an automotive software company. 

After the split, the automotive software company, KPIT Technologies, forayed into the mobility software products such as REVOLO (hybrid electric vehicle tech), Intelligent Transportation Systems and Maximum Pro. It expanded globally and inaugurated a new software engineering centre in various places such as the USA and Europe. 

Currently, KPIT Technologies' share price history and KPIT Technologies' share price today show that the company has given hefty returns to investors from the day it was listed on the stock exchanges. 

KPIT Technologies – Awards 

KPIT Technologies was founded in 1990 and, since then, has become a prominent player in the IT industry, particularly in the automotive and transportation sectors. Based on its success, it has received numerous awards. Here are the awards received by KPIT Technologies over the years: 

● 2021 Global Over-the-air (OTA) and Cloud Platform Technology Innovation Leadership Award
● Recognition from the United Nations for contribution to advancing Energy for Sustainable Transport
● Public Transport Strategy” by UITP – International Association of Public Transport
● Project Development Excellence Award 2014 by Volvo Buses India 
● Promising Transport Innovation Award 2016
● One Globe Award for Excellence in Research & Development
● Order of Merit Award at BW Businessworld Smart Cities Conclave & Awards
● KPIT’s recognized at The European IDTechEx Energy Harvesting & IoT Awards 2015
● Wall Street Journal Innovation Award in the ‘Transport’ category 

KPIT Technologies – Important Facts 

Here are some important facts about KPIT stock price and the company: 

● In 2021, KPIT Technologies approved the acquisition of the 25% shareholding in Future Mobility Solutions GmbH ('FMS') and announced that it would acquire the balance shareholding over the next three years. 

● In 2022, KPIT Technologies announced the acquisition of SOMIT Solutions, a cloud-based vehicle diagnostics specialist company. 

● KPIT Technologies has also partnered with Coventry University to launch a degree in workplace Master of Technology in Automotive Software Engineering. 

KPIT Technologies offers various IT services and solutions. Its primary focus areas include automotive engineering, mobility solutions, digital transformation, enterprise resource planning (ERP), and product engineering services. The company provides end-to-end solutions across various industries, including automotive, manufacturing, energy, and utilities. For the investors, too, based on the KPIT Technologies stock price today and KPIT Technologies stock price history, the company has provided hefty returns.