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KPIT Technologies Ltd. Company History and Annual Growth Details

YEAR EVENTS

2000
-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.

2002
-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.

2003

-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

2004

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

2005
- Company has splits its Face value of Shares from Rs 10 to Rs 5

2007

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

- Company has splits its Face value of Shares from Rs 5 to Rs 2

2008

-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.

2009

-Kpit Cummins Infosystems was awarded ICSI National Award for Excellence in Corporate Governance 2009 for the Fourth consecutive year.

-Dassault Systèmes and KPIT Cummins join forces to support Indian Manufacturers.

-KPIT Cummins signs Research & Academics pact with Sinhgad Group of Engineering Colleges

-NEC Electronics and KPIT Cummins Collaborate on New AUTOSAR 3.0-Compatible Solution

-KPIT Cummins becomes a Product Partner of the Mathworks Connections Program

2010

- KPIT Cummins Mergers with German Vehicle Diagnostics & Telematics Specialist In2Soft GmbH

-DSK Motors and KPIT Cummins launch unique automobile software - ClickServiceSmile

-Bharat Forge & KPIT Cummins form JV; unveil hybrid technology solution for automobiles

-Acquisition of US based CPG Solutions

2011

-IFFCO selects KPIT Cummins to implement Oracle Transportation Management.

-KPIT Cummins wins NASSCOM's 'Promising Innovation of the Year' Award for REVOLO

-KPIT Cummins triumphs at ISA Technovation Awards 2011

-KPIT Cummins takes 50% stake in SYSTIME

-SAP honors KPIT Cummins with SAP ACE Awards 2011 ‘BEST RUN End to End Business Process’

-KPIT Cummins Honored with Wall Street Journal Innovation Award in the ‘Transport’ category

2012

-KPIT Cummins Infotainment Platform Achieves GENIVI Compliance

-KPIT Cummins Achieves Oracle PartnerNetwork Specialization Milestone

-KPIT Cummins carves out its semiconductor hardware solutions business in partnership with Sankalp Semiconductor Pvt. Ltd., to create Sankalp & KPIT Semiconductor Pvt. Ltd.

-KPIT Cummins Infosystems has given the Bonus in the Ratio of 1:1

2013
-KPIT Achieves Oracle Validated Integration between Oracle's JD Edwards and Oracle WebCenter
-KPIT launches India's first ARAI certified On-Bus Intelligent Transport System (ITS) for JnNURM II
-Metropolitan Utilities District of Omaha Wins a 2013 Best-Run Utilities Award from SAP for Project Implemented by Sparta Consulting
-KPIT achieves the prestigious Verafirm-Certified from BSA, for Software Asset Management
-KPIT Customers Win Prestigious Oracle Excellence Award for Supply Chain Management
-The Company has changed its name from KPIT Cummins Infosystems Ltd to KPIT Technologies Ltd.

2014
-KPIT expands Infrastructure and Application Management Services with launch of "KPIT Private Cloud, powered by HP"
-KPIT Named Among the Top 10 Outsourcing Service Providers by ISG
-FACTON expands US market presence in cooperation with KPIT
-GENIVI Alliance Appoints KPIT's Anup Sable to its Board
-KPIT customer Dorf Ketal wins InformationWeek EDGE Award for its ERP Consolidation and IT Transformation project
-KPIT wins Infor India's Promising Partner of the Year 2014 Award

2015
- KPIT honored by Volvo Buses India with Project Development Excellence Award
- KPIT Honored with the 'Best CSR Practice Award' by the World CSR Congress
- KPIT's solution for Consul Neowatt Power Solutions wins SAP ACE Award for Customer Excellence in Service

2016
- KPIT Honored for Successful Digital Transformation with ‘Jewels of Digital Maestro Award’

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