Birlasoft, KPIT Technologies to merge to create two separate entities

The first entity would focus on digital business IT services, while the other business would focus on automotive engineering and mobility solutions

Birlasoft, part of the $1.6-billion diversified CK Birla Group, and KPIT, have announced a merger to create an over $700-million combined entity. The entity would be demerged into two separate companies later. 

The first entity, which would focus on digital business IT services, would be known as Birlasoft, while the other business, which would focus on automotive engineering and mobility solutions, would be known as KPIT Technologies.

The new Birlasoft, which would emerge over the next year, would combine the management team and the IT services business of KPIT with the current Birlasoft. It would continue to be led by