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Birlasoft Limited
Sector:IT IT - Software - Small/Medium
Market Lot: 1Face Value: 2ISIN Demat: INE836A01035
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Business Profile
KPIT Cummins Infosystems (KPITCUMM) a global IT consulting organization focused on the automotive and semiconductor sectors. It was established in 1990 as KPIT Infosystems and became a public limited company in 1999. It got its current name when the company merged with Cummins Infotech.

The company provides technology solutions to global clients across domains such as advanced technology solutions (ATS), diversified financial services (DFS), manufacturing and business IT with a relationship-based focused business model. It provide turnkey solutions from pre-product design to implementation and maintenance; business IT integrated enterprise solutions, consultancy in SCM, product lifecycle management and architecture consulting, ERP audits, risk management, compliance consultancy services; diversified financial services including application development, consultancy in change management and BPO services.

Spread through US, UK, Germany, France, Poland, and Japan, and India, the company is CMMI Level 5, ISO 9001:2000, and ISO27001 certified. The company was rated among the five rising stars in IT by Outlook Business in May 2007.

The company has a strategic partnership with South Africa-based Business Connexion to enter the South African market. It is to have two offshore development centers for Dialog Semiconductor, a developer of mixed signal semiconductor solutions. KPIT Cummins Global Business Solutions (wholly-owned subsidiary) is to partner Cummins In delivering finance and accounting services to Cummins entities worldwide. The company is a member of Japan Automotive Software Platform ARchitecture to develop and establish a standard Japan automotive platform architecture. It provides free technical support for NGOs and small schools in Pune.

Top clients include Cummins, HP, Deutsche Bank, Unilever and Renesas. The registered office is at Plot Nos 35 and 36, MIDC, Phase-I, Rajiv Gandhi Infotech Park, Hinjawadi, Pune-411057, Maharashtra.

The company disclosed rise of 6.81% in consolidated net profit on y-o-y basis to Rs 785.95 million, while total income declined 100.00% y-o-y basis to Rs 0.00 million for the quarter ended June 2018.

Recent Developments
KPIT, a global technology company that specializes in IT consulting and product engineering solutions, today announced a strategic collaboration with Kinetiq, the leader in life sciences and clinical research management consulting, to deliver new life-sciences focused business technology applications.

The KPIT promoters join The CK Birla Group owned Birlasoft, in launching an open offer for the minority shareholders of KPIT. KPIT and the CK Birla Group owned Birlasoft, will work closely to first merge Birlasoft into KPIT and later split the combined entity of KPIT and Birlasoft into two public companies: USD 200+ million company focused on Automotive Engineering and Mobility Solutions (KPIT Technologies) and a USD 500+ million Enterprise Digital Business IT Services Company (Birlasoft).

KPIT Technologies, product engineering and IT consulting partner to automotive, manufacturing and energy companies, announced today that it has completed agreement for a strategic partnership in a Germany headquartered Engineering Services Company.

K P I T Technologies announced a steep drop in consolidated net profit for the quarter ended September 2016. During the quarter, the profit of the company declined 23.88% to Rs 561.80 million from Rs 738.01 million in the same quarter last year.

KPIT Technologies disclosed a substantial rise in consolidated net profit for the quarter ended June 2016. During the quarter, the profit of the company rose 30.11% to Rs 550.54 million from Rs 423.15 million in the same quarter last year.

K P I T Technologies announced a steady growth in consolidated net profit for the quarter ended December 2015. During the quarter, the profit of the company rose 12.50% to Rs 734.95 million from Rs 653.28 million in the same quarter previous year.

good results, as we improved Q2FY16 EBITDA to 14%, despite wage hikes during the quarter. We will continue to work on profitability, predictability, people and growth during the remainder of the year, to further improve the operating metrics''. He added, ''We are also investing in front-end account management and domain expertise to help holistically address our strategic customers.''

Ruanne Cunniff & Gold Farb Inc A/C Acacia Instl Partners LP has picked 0.73% stake in KPIT Technologies for Rs 132.72 million. It purchased 1.45 million shares at a price of Rs 91.74 a share on the National Stock Echange (NSE).

In Brief

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