Innovation, Sustainability, Quality and Agility are the most sought after qualities in the IT industry today. Building an integrated and sustainable world by leveraging technology is what the indispensable need of the industry. Additionally, while working in the IT industry with consistently changing landscape, combining technology and process expertise to build solutions for the customer becomes inevitable. KPIT Technologies, stands tall on all of these grounds.
KPIT envisions a cleaner, greener, intelligent world, a world that is self-sufficient, sustainable and efficient, by providing technologies that help their customers succeed in the marketplace, such that the products their customers produce, are of high quality, less costly, use less energy or fewer materials and improve the state of the industries they serve.
Strong Leadership of KPIT
It is on the basis of strong leadership that a company touches the success. KPIT’s success is also bestowed by two of its founders and leaders, Ravi Pandit, Co-founder, Chairman and Group CEO of KPIT and Kishor Patil, Co-founder, Managing Director and CEO of KPIT. The company has developed and benefitted tremendously under the leadership of both. KPIT has grown over 50 times in the last twelve years, and today has a revenue of USD 489 million (FY 2014-15).
Ravi Pandit, Co-founder, Chairman And Group CEO Of KPIT
Holding a master’s from Sloan School of Management, MIT, Cambridge, USA, Ravi Pandit started a Chartered Accountancy firm in Pune. It’s only after a decade that he decided to establish his own company in the Information Technology consulting and services sector and founded KPIT along with Kishor Patil in 1990. A gold medalist and fellow member of the Institute of Chartered Accountants of India, Mr. Pandit has been accoladed with many awards for his entrepreneurial excellence.
Revered for his knack for coming up with innovative solutions, his vitality and trustworthiness, Mr. Pandit has effectively created and built strong relationships with customers, partners and other stakeholder institutions. It is his inclination towards the social sector, that made KPIT get actively involved in many CSR activities, ranging from inculcating an interest in Science amongst students, to waste management drives, and water conservation projects.
Kishor Patil, Co-founder, Managing Director and CEO of KPIT
A Chartered Accountant by profession, Kishor Patil kick-started his career in Kirtane and Pandit Chartered Accountants in 1983.
With his ability to foresee upcoming trends, he saw huge potential in the business prospect of integrating financial & management consulting with Information Technology. In 1990, he founded KPIT Technologies along with his colleague Ravi Pandit.
Under his leadership, the company has grown over 50 times in revenues in the last 12+ years to reach around USD 500 million (INR 3000 crores).
Kishor is a fellow member of the Institute of Chartered Accountants of India and has been honored with the CA Business Leader Award by them in 2014. He has been conferred as one of the top 16 entrepreneurs in India by Ernst and Young in its Entrepreneur of the Year award program. Furthermore, he has also been included in the Top 50 CEOs list of 2013 by The Entrepreneur Magazine. A man of many talents, Kishor has also produced a state-of-the-art internationally acclaimed animation movie, Delhi Safari, on the theme of conservation of animal habitat. He was awarded the prestigious Golden Lotus National Award by the honorable President of India.
Indispensable Team Work
As leadership is important so do the teamwork. KPIT gives immense importance to this, by saying that employees are the backbone of the company. Talent is a competitive differentiator across all major industries, KPIT thinks that it wouldn’t have been a success story without the support of its teams and human resource.
Products And Services Offering
KPIT is a vertically focused IT consulting and product engineering solutions and services provider for automotive & transportation, manufacturing, energy & utilities and Life Sciences corporations.
In the automotive vertical, KPIT helps companies in the areas of navigation, automotive infotainment, telematics, semiconductors and more. They work on product development that caters to imminent future needs and challenges. KPIT’s products for vehicles include On bus Intelligent Transportation System (ITS), Revolo (the plug-in hybrid solution), K-SAR (an AUTOSAR suite), KIVI (infotainment platform). It also provides product engineering solutions and services across automotive sub-systems.
For customers in the energy and utilities sector, KPIT offers solutions for materials planning, procurement, supply chain, contracts, revenue accounting and asset management.
As an innovative technology company, KPIT provides a wide range of solutions for OEMs, which consist of the entire manufacturing spectrum. This helps global manufacturers deliver customer delight, improve their supply chain visibility and boost profitability with offerings that include Enterprise Resource Planning (ERP), Product Lifecycle Management (PLM), Value Chain Planning & Execution.
With a potent combination of adept financial management and tech industry experience, KPIT leverages the full scope of SAP and Oracle, offering efficient solutions to companies in the manufacturing, automotive and energy sectors.
Progressing Towards Future Forestalling All The Obstructions
Believing every challenge is an opportunity, KPIT is progressing every single day. The recent announcements by the Government of India around Make in India, Digital India, Smart Cities, show that KPIT is at the threshold of a massive positive change in the years to come. The scope to create solutions for problems to build a better tomorrow is what excites KPIT tremendously. They are constantly working towards creating innovative technology solutions which are cleaner, safer, greener and more affordable in our focus areas.
Values Followed By The Company
The values that the company works around, are customer focus, agility, passion and trustworthiness. KPIT understands its customer requirements and their challenges, according to which they deliver products and solutions. KPIT has always anticipated change, adapted and responded to their customers with new and innovative technologies. Its passion for work drives them to bring out their best performances and ultimately they are trustworthy partners to their customers, employees, colleagues and other stakeholders in the ecosystem. These values are deeply ingrained in the culture of KPIT and have played a crucial role in their establishment.
Huge Importance To The Client Relationship
KPIT has established a strong client relationship with clients, continuously working with the organization for a long duration. It currently partners with 200+ global corporations, including Original Equipment Manufacturers (OEMs) and Tier 1 companies, most of which they have been working with for many years. KPIT has a strong focus on client retention and customer delight for the companies with which they work.
Strategy Followed To Be Ahead Of The Competition
The inevitable thing in this competitive industry is to follow a perfect strategy. The differentiators that provide KPIT with a competitive advantage are innovation, sustainability, focus on industries and a commitment to quality.
Working in a dynamic environment makes constant innovation crucial. KPIT’s solutions enable customers to offer globalized and integrated products and services. Acknowledging the importance of being interdependent with partners in the ecosystem is another essential factor to sustain relations and deliver excellence, followed by the company.
Moreover, KPIT strives to provide unique business solutions and high business value by offering patented products and services. Understanding, high quality is a priority for their customers, KPIT have processes that deliver high productivity and the promised results on a timely basis.
Vision And Mission
The mission at KPIT is to create technologies for a better world. They act towards creating a green and clean world by collaborating with their customers and partners, and with the mission to integrate with them to build a sustainable environment.
KPIT has launched its On-Bus Intelligent Transport System (ITS) for Bus-Manufacturers and State Transport Utilities (STU) in India to create better public transport in urban cities. On-Bus ITS has been made mandatory under the JNNURM II programme which is now known as Atal Mission for Rejuvenation and Urban Transformation (AMRUT).
KPIT’s product is the first in the country to be certified by Automotive Research Association of India (ARAI) for meeting the stringent specifications of JNNURM II. They are working with different STUs towards getting these buses on the road.
Valuable Suggestions For Start-Up’s By KPIT
It is tough to establish a new company, however big or small. Entrepreneurs must have utmost faith in their products and resources. You need to support it throughout, in good and bad times. One must dream big, to achieve big. It is also crucial to understand that your employees and customers are your best way of spreading the word. Keep them happy and satisfied to have a successful business.