We haven't had any impact of chip shortage on our business: KPIT Tech chief

In a Q&A, Kishore Patil talks about growth drivers, impact of chip shortages on auto sector and acquisitions

Mid-cap firms with their niche focus have given trail-blazing performances in Q1. Pune-based auto sector-focused KPIT Technologies is one such. The company’s net profit was up 2.5x on a year-on-year basis and revenue growth was 15 per cent YoY. In the US dollar, revenue growth on a constant currency basis was up 4.3 per cent. The company also acquired a 30 per cent stake in PathPartner for Rs 90 lakh. Kishor Patil, co-founder, CEO and MD KPIT Technologies in an interview with Shivani Shinde, talks about growth drivers, impact of chip shortages on auto sector and acquisitions. Edited excerpts:

Q1