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KPIT Technologies Ltd.

BSE: 532400 Sector: IT
NSE: KPIT ISIN Code: INE836A01035
BSE 00:00 | 14 Dec 215.20 -2.45
(-1.13%)
OPEN

217.40

HIGH

217.40

LOW

214.25

NSE 00:00 | 14 Dec 215.30 -2.50
(-1.15%)
OPEN

215.55

HIGH

217.40

LOW

214.25

OPEN 217.40
PREVIOUS CLOSE 217.65
VOLUME 30998
52-Week high 314.80
52-Week low 162.00
P/E 18.76
Mkt Cap.(Rs cr) 4,250
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 217.40
CLOSE 217.65
VOLUME 30998
52-Week high 314.80
52-Week low 162.00
P/E 18.76
Mkt Cap.(Rs cr) 4,250
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

KPIT Technologies Ltd. (KPIT) - Company History

KPIT Cummins Infosystems Limited (KPIT), CMM Level 5, ISO 9001:2000, ISO27001 and BS25999:2007 certified company was incorporated on 28th December of the year 1990 as KPIT Infosystems. KPIT Cummins provides technology solutions to global clients, in the areas of Advanced Technology Solutions (ATS), Enterprise IT and Business / Knowledge Process Outsourcing (BPO /KPO) across the Manufacturing and Diversified Financial Services (DFS) industry verticals. The company geographically stretches in US, UK, Germany, France, Poland, India, Japan, South Africa and Korea. The Government of India honored the company with Excellence in Export award during the year1994. Subsequently, in 1995, KPIT had received Outstanding Achievement award from Oracle. For it quality assurance, the company had bagged ISO 9001 certification in the year 1997 from KPMG. During the year 1999, the company went to public and issued Initial Public Offerings. In 2000, the company had signed an agreement with an Israel-based company, BIS, for legacy to Web transaction process, also entered into the mobile commerce space and had taken up projects in the US and Germany. The Cummins Infotech was merged with the company in the year 2002; it leads the company to known as KPIT Cummins Infosystems Limited. The company achieved the CMM 5 level in the year 2003 for its organisation processes. Further, in the year 2004, the company obtained one more quality certificate, ISO 9001:2000 was handed over to the company. In the same year of 2004, KPIT had acquired the Panex Consulting of United States of America. The company had integrated all of its off-shore facilities in Pune into state-of-the-art campus at Hinijawadi. Also in the identical year of 2005, the company had acquired Solvcentrl.com in USA and Pivolis.com in France. During the year 2006, KPIT had one more company, namely C G Smith in India. KPIT Cummins had attained Microsoft Gold Certification status in April of the year 2007 with competencies in Custom Development and Microsoft Business Solutions. The year 2007 was the very impartant year to the company, KPIT Cummins achieved the corporated mission of being a US $100 million company. In July of the year 2007, the company through its wholly owned BPO subsidiary, KPIT Cummins Global Business Solutions (GBS), had reached an understanding to partner with Cummins Inc to deliver Finance and Accounting (F&A) services to Cummins entities worldwide. KPIT Cummins had taken over substantial part of the Mechanical Design Services business of Harita TVS Technologies (known as TVS-E Technologies Ltd in India) in July 2008. The company made a strategic alliance with GemStone Systems in August of the year 2008 to offer High Performance Computing (HPC) and Cluster Management solutions to global corporations across US, India, Japan and Europe.