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KPIT Technologies Ltd. Company History and Annual Growth Details



-Signed an agreement with an Israel-based company, BIS, for legacy to Web transaction process.

-Enteres the mobile commerce space and has taken up projects in the US and Germany.


-Share prices have reached a two-year high of Rs 219.15 on the Bombay Stock Exchange (BSE) on April 23 after reports came in that the company was considering a proposal to merge Cummins Infotech with itself.

-BOD of KPIT Infosystems Ltd (KPIT) and Cummins Infotech Ltd (CIT) approved the merger of KPIT and CIT.

Hon'ble Bombay High Court has sanctioned the Scheme of Amalgamation of Cummins Infotech Ltd with KPIT Infosystems Ltd.


-Board of Directors has given their approval for the allotment & issue of 704000 equity shares and 193300 options convertible into equal no of equity shares

-Approves the decision for acquisition of Panex Consulting Inc a USA based software company.

-Acquires PANEX Consulting a Houston based SAP consulting firm for US $ 1.70 million. The acquisition is proposed to buy 100% of PANEX stock through a mix of cash and stock options payable over a period of three years.

- Sanjeev Duggal, President and CEO, NIS Sparta has been appointed the Convener for the CSI-KPIT Cummins Best CIO Award of the prestigious CSI National IT Awards 2003 categories.

-Members approved issue of equity shares on preferential basis

-Duggal appointed Convener for CSI-KPIT Cummins Best CIO Award


-KPIT Infosystems Ltd has informed that the equity shares of the company have been delisted from the Ahmedabad Stock Exchange wef March 31, 2004.


-The Company has issued Bonus Shares in the Ratio of 1:1.

- The Company has splits its face value from Rs.5/- to Rs.2/-.


-Kpit Cummins Infosystems Limited has appointed Mr. Mark Gerstle as an Alternate director.

-Kpit Cummins Infosystems Limited has appointed Mr. Jagdish Dwivedi as Company Secretary and Compliance Officer of the Company in place of Mr. Puneet Bansal.

-Kpit Cummins Infosystems Ltd has appointed Mr. Bruce C Carver as Additional Director on the Board of the Company at their meeting held on August 29, 2008.
Oct 27, 12:00 am
Oct 27, 4:14 pm
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