KPIT Technologies Ltd (KPIT), is a global technology company specialised in providing IT consulting and product engineering solutions and services to automotive, manufacturing, energy and utilities and life sciences companies. They currently partner with over 200 global corporations and has filed more than 60 patents in various domains such as Automotive, Very Large-Scale Integration (VLSI), High Performance Computing, Manufacturing, Energy, Model Based Design (MBD), among others. The equity shares of KPIT are listed on NSE and BSE. The market cap of KPIT on BSE is around Rs 4,000 crore.
Birlasoft (India) Ltd (Birlasoft) is an information technology corporation headquartered in Noida, India. Founded in 1995, the company employs over 4,000 employees, globally located in 4 continents across ofﬁces in USA, Europe, Australia, Singapore and Malaysia. It is a part of the prestigious 150 year old CK Birla Group and offers various services such as Customer Relationship Management, Data & Analytics, Enterprise Resource Planning, IT Transformation and Testing. It caters to industries such as banking, insurance, capital markets, manufacturing, life sciences & healthcare, media and entertainment. BIL is not listed on any stock exchange.
KPIT Engineering Ltd (KEL) is a recently incorporated company (incorporated on 8th January 2018) and does not have any business operation as of now. The equity shares of KEL are not listed on any stock exchange.
Background of transaction
- KPIT has two business divisions which are:
- Under IT Division, KPIT provides the enterprise resource planning business of Oracle and SAP, digital business (as comprised under digital technology strategic business unit) along with infrastructure management services and extended product lifecycle management business.
- Under Engineering Division, KPIT offers solutions of electronic or mechanical engineering and usage of this data for diagnostics, maintenance and tracking of assets and related connectivity solutions including data and analytics beyond embedded or mechanical engineering and their connectivity and integration with back-end IT Systems and platforms.
Structure of the Scheme of Arrangement
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