KPIT Technologies Ltd

KPIT Technologies Limited is a leading independent software development and integration partner helping mobility leapfrog towards a clean, smart, and safe future. The Company is a global technology co ... mpany specializing in providing Product Engineering solutions and services to Automobile and Mobility Sector. KPIT Technologies Limited (Formerly known as KPIT Engineering Limited) was incorporated on January 08, 2018. The Company received Certificate from the Registrar of Companies for change in its name from KPIT Engineering Limited to KPIT Technologies Limited with effect from March 13, 2019. As on March 31, 2019, the Company had 11 subsidiaries and 1 associate company. During the year 2018-19, the Company incorporated subsidiaries in Singapore and USA for expanding its operations. Further, as a result of demerger, the subsidiaries of KPIT Technologies Limited (renamed as Birlasoft Limited) incorporated in Japan, UK & USA became subsidiaries of KPIT Engineering Limited (renamed as KPIT Technologies Limited). During the year 2018-19, the Company received the Order from Mumbai Bench of Hon'ble National Company Law Tribunal (NCLT) for the Composite Scheme of Arrangement amongst Birlasoft (India) Limited (Transferor Company) and KPIT Technologies Limited (Transferee Company) (renamed as Birlasoft Limited) and KPIT Engineering Limited (Company or Resulting Company) (renamed as KPIT Technologies Limited) and their respective shareholders on November 29, 2018. Birlasoft (India) Limited was merged into KPIT Technologies Limited (which is now renamed as Birlasoft Limited) and engineering business was demerged into the Company (formerly KPIT Engineering Limited). The said Scheme became effective with effect from January 15, 2019. Further, the Company allotted 274,143,808 equity shares of Rs 10/- each on January 29, 2019. In terms of the Scheme and other agreements which were executed between Birlasoft (India) Limited, KPIT Technologies Limited (renamed as Birlasoft Limited), KPIT Engineering Limited (renamed as KPIT Technologies Limited) and other parties, the promoters of the Company and the promoters of Birlasoft Limited have acquired joint control of the Company. During year 2019-20, equity shares of the Company got listed on National Stock Exchange of India Limited and BSE Limited effective from April 22, 2019. As on March 31, 2020, the total institutional shareholding in the Company was 35.94% to the total share capital. As on March 31, 2020, the Company had 12 subsidiaries and 1 associate company. As on March 31, 2021, the total institutional shareholding in the Company was 36.36% to the total share capital. As on March 31, 2021, the Company had 11 subsidiaries and 1 associate company. On September 22, 2021, the Board of Directors purchased 25% shareholding in Future Mobility Solutions GmbH (FMS). During year 2021-22, the Company on June 15, 2021 received petition for Merger Order from NCLT and approved the Scheme of Merger by absorption of Impact Automotive Solutions Limited, a wholly owned subsidiary with KPIT Technologies Limited, being the appointed date 01 April, 2019 where the Scheme became effective on June 22, 2021 by filing the said Order with Registrar of Companies. As on March 31, 2022, the total institutional shareholding in the Company was 28.31% to the total share capital. As on March 31, 2022, the Company had 14 subsidiaries and 3 associate company. Read More