The Directors are pleased to present the Eighth Annual Report together with the Audited Accounts of the Company for the Financial Year ended March 31, 2025.
PERFORMANCE OF THE COMPANY
(In million)
Particulars
|
Standalone 2024-25
|
consolidated 2024-25
|
USD
|
|
USD ?
|
Revenue from operations
|
303.44
|
25,639.34
|
691.43 58,423.45
|
Profit before Tax (PBT)
|
75.28
|
6,361.11
|
134.03 11,325.47
|
Profit after Tax (PAT)
|
57.02
|
4,818.38
|
99.37 8,396.00
|
RESULT OF OPERATiONS
During the year under review, the total revenues from operations (consolidated) increased to ? 58,423.45 million (previous year ? 48,715.41 million), a growth of over 19.9% of the previous year. Earnings before interest, tax, depreciation and amortization was ? 12,297.75 million on a consolidated basis. Net profit after tax (consolidated) increased by 40.28% to ? 8,396.00 million (previous year ? 5,985.13 million).
In US Dollar terms, revenues from operations for the year on a consolidated basis was $ 691.43 million as against $ 587.31 million during the previous year, a growth of 17.7%. Average realization rate was ? 84.50 per US Dollar.
Standalone sales for the financial year 2024-25 grew by 27.14% to reach ? 25,639.34 million (previous year ? 20,166.02 million). Net profit after tax increased by 47.43% to ? 4,818.38 million (previous year ? 3,268.28 million).
DiViDEND
The Directors are pleased to recommend a final dividend of ? 6/- per equity share of face value of ? 10/- each (at 60 %) on the paid-up equity share capital of the Company in addition to Interim Dividend of ? 2.50/- per equity share of face value of ? 10/- each (at 25%) declared during the year. The total payout will amount to ? 2,330.20 million including dividend distribution tax. The Company does not propose to transfer any amount to the general reserve on declaration of dividend to the shareholders. The Dividend Distribution Policy is uploaded on the website of the Company. It is available at https://www.kpit.com/investor-gov/.
AWARDS, RECOGNiTiON AND PARTNERSHiPS
During the year under review, KPIT has been honoured with several prestigious awards, reflecting our commitment to excellence:
• KPIT received the Excellent Partner Award for 2023-24 from Panasonic ITS, recognizing our eight-year collaboration as trusted partner across mobility domains.
• KPIT was honoured with the Best Supplier Award from Cummins for excellence in corporate social responsibility and indirect sourcing.
• KPIT won the Reuters Honors Award 2024 under the Innovation category, showcasing our ability to deliver groundbreaking solutions that transform the mobility industry.
• KPIT’s innovative solutions in IoT were acknowledged with the Predictive Maintenance Solution of the Year award at the IoT Breakthrough Awards 2024.
• KPIT’s excellence in technology was celebrated with the Data Platform of the Year award at the Autotech Breakthrough Awards 2024, reflecting our commitment to advancing data-driven solutions in the mobility industry.
• Our Co-founder and Chairman, Mr. S. B (Ravi) Pandit, received the Lifetime Achievement Award at the SEAP Star Awards 2025, recognizing his exceptional contributions to the industry and enduring legacy of leadership and innovation.
• Our Co-founder, CEO and Managing Director, Mr. Kishor Patil, was named a Tech Titan by Business Today at the Business Today Best CEOs - Tech Titan 2025, celebrating his exemplary leadership and pivotal role in steering KPIT towards technological excellence.
• KPIT was recognized for its outstanding contribution to education with the Best 3 Education Support Initiative of the Year 2024 award at the Global CSR & ESG Awards.
• KPIT received the Silver Shield at the Institute of Chartered Accountants of India Awards for Excellence in Financial Reporting 2023-24, highlighting our commitment to transparency, compliance, and best practices in financial reporting.
• KPIT’s brand new auditorium, Aikyam, at our Pune campus, was awarded the Economic Times DesignScape Award in the Iconic Projects Category, celebrating
innovation and sustainability, and embodying our vision of creating spaces that promote unity and collaboration for our diverse community.
QUALITY, PRODUCTIVITY AND INNOVATION
Achieving Zero Defect Delivery to our customers and achieving Excellence at every touch point is one of our key strategies to achieve our Mission of becoming a leading independent software & systems integration partner in mobility. To achieve this objective of ensuring zero defect delivery to our customers, we had designed a comprehensive quality framework centred on three pillars: People, Process and Technology. This framework focuses on improving performance at Project/Program level, Practice level and Unit level. As in previous years, we identified and executed key initiatives from this framework, incorporating the latest trends in the industry. For each initiative, we worked on a comprehensive plan, defined processes with focus on sustenance and scalability, ran pilots, incorporated pilot feedback and then deployed across all projects through robust governance mechanisms.
To keep pace with emerging trends in the mobility industry and to achieve efficiency in our processes, we have embedded continuous improvement as a core strategic approach. These improvements are driven by project learnings, customer feedback, and employee-led innovation. A key initiative during the year focused on strengthening our Agile capabilities. Building on efforts initiated in the previous year, we engaged a senior industry consultant - an active member of the Agile SPICE working group and an iNTACS certified Principal Assessor for Automotive SPICE. Leveraging this expertise, we enhanced our KPIT Quality Management System (KQMS) to better support Agile methodologies, aligned to SAFe and compliant to Automotive SPICE. Then we conducted a few pilots and refined our approach based on feedback. Additionally, we upgraded our project management tools to align with Agile practices to ensure seamless and effective adoption. The current focus is on scaling these enhancements across all projects for maximum impact.
To align our processes with evolving cybersecurity requirements, particularly ISO 21434, we enhanced our KQMS during the year with the support of both internal experts and external industry consultants. In parallel, we strengthened our existing functional safety processes to comply with the latest version of ISO 26262. We also initiated our journey towards Cybersecurity Management System (CSMS) and Functional Safety Management System (FSMS) certifications.
As part of our strategic focus on enhancing productivity, we put our focus on AI-based automation and created a comprehensive plan to cover various stages of engineering lifecycle. Few key solutions have been designed, piloted and
deployed across projects and few more in the pipeline. To track productivity at individual level, tools and systems have been put in place. Looking ahead, the upcoming financial year will see strong emphasis on leveraging AI-driven solutions to achieve significant increase in productivity and speed, ultimately delivering better value to our clients.
To sustain and enhance quality with our scale, we adopted an AI centric system driven approach for management process automation. In this direction, we implemented series of automation initiatives during the year. Key enhancements included upgrades to our project tracking system, project management tools, competency management systems, and customer satisfaction platforms. These systems were seamlessly integrated and supported by intuitive workflows, process controls, noncompliance detections, live visual dashboards for real time monitoring. This comprehensive automation strategy enabled uniform implementation across projects, strengthened quality rigor, facilitated deployment in new entities, accelerated competency development, improved speed of execution, and expanded span of control.
As a result of our sustained quality initiatives, we not only achieved but exceeded Customer Satisfaction Rating targets with a consistent higher coverage in all quarters, recording highest rating in the last quarter. We also achieved positive downward trend on high-risk projects, reflecting stronger project execution. While we continue to drive internal initiatives to sharpen our quality focus, our commitment is further demonstrated through ongoing alignment with globally recognized standards. We are in the mid of journey towards achieving CSMS and FSMS certifications. In addition, we continue to uphold our existing quality certifications on ISO:9001 and Automotive SPICE, reinforcing our dedication to delivering best-in-class quality across all engagements.
To reinforce our commitment to product quality, we expanded scope of our Katapult framework by introducing additional KPIs focused on code and test quality, while also extending its coverage across more projects. This has resulted in significant benefits to our customers, enabling consistent and continuous improvements in product quality. Furthering this momentum, we enhanced the product review process by integrating new KPIs into the review mechanism. Following successful pilot implementations, we are preparing to scale this initiative with automation in the upcoming financial year. We also maintained a strong focus on the First Time Right mindset, backed by clear metrics to track progress. This continued emphasis plays a critical role in driving us closer to our goal of Zero-Defect Delivery.
SHARE CAPITAL
The issued, subscribed, and paid-up capital of the Company as on March 31, 2025, is ? 2,741.43 million consisting of 274,143,808 equity shares of ? 10/- each.
INSTITUTIONAL SHAREHOLDING
As on March 31, 2025, the total institutional shareholding in the Company was 38.47 % of the total share capital.
ICRA RATINGS
ICRA has assigned the (ICRA) A1 as short-term rating and (ICRA) AA with the ‘Stable’ outlook as the long-term rating.
INFORMATION ABOUT THE SUBSIDIARY & ASSOCIATE cOMPANIES
During the year under review, the Board of Directors approved the voluntary liquidation & dissolution of Somit Solutions Inc, and PathPartner Technology Inc, wholly owned step- down subsidiaries. FMS Future Mobility Solutions GmbH has been merged with KPIT Technologies GmbH, with effect from August 28, 2024. PathPartner Technology GmbH, wholly owned step-down subsidiary liquidated with effect from October 02, 2024. Qorix GmbH has become an associate Company with effect from June 27, 2024.
Further, the Board of Directors in their meeting held on April 28, 2025, approved a Scheme of Amalgamation of PathPartner Technology Private Limited (“Transferor Company”) with KPIT Technologies Limited (“Transferee Company”) and their respective shareholders and creditors. The rationale for this Scheme centers on a strategic consolidation of businesses, designed to unlock operational synergies and foster expansion with long-term, sustainable growth. This consolidation will optimize resource utilization, improve both operational and managerial efficiency, and encourage innovation through the combined knowledge and expertise of the entities involved. Furthermore, simplifying the organizational structure by reducing the number of legal entities will lower compliance costs and navigate regulatory complexities more effectively. Ultimately, this Scheme is intended to deliver greater value to all stakeholders through a more streamlined, efficient, and innovative organization.
As on March 31, 2025, the Company has 21 subsidiaries and 3 associate companies. In accordance with Section 129(3) of the Companies Act, 2013, (hereinafter referred to as “the Act”) the Company has prepared consolidated financial statements of the Company and its subsidiaries & associate companies, which forms a part of the Annual Report. A statement containing salient features of the financial statements of subsidiary Companies in Form AOC-1 is annexed as “Annexure 1”. In accordance with Section 136(1) of the Act, the Annual Report of the Company, containing the standalone and the consolidated financial statements and all other documents required to be attached thereto have been placed on the website at www.kpit.com.
directors
During the year under review, Members of the Company approved the appointments of:
• Mr. S. B. (Ravi) Pandit as Non-Executive Director liable to retire by rotation, on account of attaining the age of 75 years at Annual General Meeting (“AGM”) held on August 27, 2024.
• Mr. Vijay Keshav Gokhale as an Independent Director for a term of three years with effect from October 23, 2024, to October 22, 2027, by way of postal ballot.
• Mr. Ramesh Raskar and Mr. Nishant Batra as Independent Directors for a term of three years with effect from January 29, 2025, to January 28, 2028, through postal ballot.
Pursuant to the provisions of Section 152 of the Companies Act 2013, Mr. Anup Sable and Mr. Chinmay Pandit, Whole¬ time Directors, retire by rotation at the ensuing AGM and, being eligible, offer themselves for reappointment.
key managerial personnel
The following persons have been designated as Key Managerial Personnel pursuant to Sections 2(51) and 203 of the Act, read with the Rules framed thereunder:
1. Mr. Kishor Patil - Chief Executive Officer (CEO) & Managing Director.
2. Ms. Priyamvada Hardikar - Chief Financial Officer.
3. Mr. Ashish Malhotra - General Counsel & Company Secretary (with effect from April 28, 2025).
INDEPENDENcE OF THE BOARD
The Board of Directors comprises of an optimum number of Independent Directors. In the opinion of the Board, the independent directors possess integrity, proficiency, expertise, and relevant experience. Based on the confirmation/disclosures received from the Directors and on evaluation of the relationships disclosed, the following Non-Executive Director are Independent in terms of Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations, 2015”) and Section 149(6) of the Act:
1. Mr. Anant Talaulicar
2. Mr. B V R Subbu
3. Prof. Alberto Sangiovanni Vincentelli
4. Ms. Bhavna Doshi
5. Prof. Rajiv Lal
6. Mr. Srinath Batni
7. Mr. Vijay Keshav Gokhale
8. Mr. Ramesh Raskar
9. Mr. Nishant Batra
BOARD EVALUATiON
As a part of the annual Board evaluation, detailed questionnaires were circulated to all the Directors. On the basis of responses received on these questionnaires, the Chairman of the Board and the Chairman of the Nomination and Remuneration (HR) Committee evaluated the Board’s performance and that of its committees. The Board also conducted an evaluation of independent directors which included performance of directors and fulfilment of criteria as specified in Regulation 17(10) of SEBI (LODR) Regulations, 2015, and their independence from the management, where the independent directors did not participate. For more details, please refer to the Report on Corporate Governance which is a part of the Annual Report.
BOARD MEETiNGS
Six meetings of the Board of Directors were held during the year. More details about the meetings are available in the Report on Corporate Governance, which forms a part of this Annual Report.
COMMiTTEES OF BOARD
The details regarding the Committees of the Board of Directors of the Company are given in the report on Corporate Governance, which forms a part of this Annual Report.
COMPANY’S POLiCY ON DiRECTORS’ APPOiNTMENT AND COMPENSATiON
The Nomination and Remuneration Policy of the Company provides for the roles and responsibilities of the Nomination and Remuneration (HR) Committee and the criteria for evaluation of the Board and compensation of the Directors and senior management. Further, as per the policy, the said Committee shall identify potential candidates for becoming members of the Board and determining the composition of the Board based on the need and requirements of the Company from time to time to bring out diversity in the Board and also identify persons to be recruited in the senior management of the Company.
Pursuant to the provisions of Section 134(3)(e) of the Act, the said policy on the appointment & compensation of Directors including criteria for determining qualifications, positive attributes, independence of a director & other matters provided under Section 178(3) of the Act is available at: https://www.kpit.com/investor-gov/.
COMMiTTEE RECOMMENDATiONS
During the year under review, all the recommendations of the Audit Committee, Nomination and Remuneration (HR) Committee, Corporate Social Responsibility Committee, Stakeholders Relationship Committee and Enterprise Risk Management Committee were accepted by the Board. The
composition of the Committees is as mentioned in the Report on Corporate Governance, which forms a part of this Annual Report.
CORPORATE SOCiAL RESPONSiBiLiTY
KPIT has remained steadfast in its mission to create a cleaner, smarter, and safer world. As a socially responsible organization, KPIT drives meaningful impact through its core focus areas i.e. Education, Energy, and Environment, anchored by strong employee engagement. This commitment is reflected across every region where KPIT operates globally. Our employees and their families actively participate in a wide range of CSR initiatives, consistently contributing to sustainable development and community.
The Company had constituted a Corporate Social Responsibility (CSR) Committee and has framed the Policy on Corporate Social Responsibility as per the provisions of section 135 of the Act and Companies (Corporate Social Responsibility Policy) Rules, 2014. The CSR Policy including annual action plan is available at: https://www.kpit.com/ investor-gov/. The initiatives taken by the Company on CSR during the year as per the said rules has been annexed as “Annexure 5”.
ViGiL MECHANiSM/WHiSTLE BLOWER POLiCY
The Company has in place a vigil mechanism/whistle blower policy as per Regulation 22 of the SEBI (LODR) Regulations, 2015 to report genuine concerns about the Company. The details of the same are explained in the Report on Corporate Governance. The Policy on Vigil Mechanism & whistle blower may be accessed on the Company’s website at: https:// www.kpit.com/investor-gov/.
AUDiTORS
M/s. B S R & Co. LLP, Chartered Accountants (ICAI Firm’s Registration No. 101248W/W-100022) (“BSR”) were re¬
appointed as the Statutory Auditors of the Company in the AGM held on August 29, 2023, for a period of five years to hold office up to the conclusion of AGM to be held in the year 2028. The Notes on financial statements referred to in the Auditors’ Report are self-explanatory and do not call for any further comments. The Auditor’s report does not contain any qualification, reservation, or adverse remark. The Statutory Auditor’s report for the year under review is annexed to the financial statements.
The Audit Committee and the Board recommend the appointment of Dr. K. R. Chandratre, Practicing Company Secretary, as Secretarial Auditor, for a term of five consecutive financial years commencing from April 1, 2025, to March 31, 2030, subject to approval of Members in the ensuing AGM.
Dr. Chandratre holds a master’s degree in commerce, bachelor’s degree in law and Doctorate degree from the University of Pune. He is a fellow member of the Institute of Company Secretaries of India. He has so far authored over 1200 articles and 26 books on various subjects in the areas of Corporate Laws and Corporate Secretarial Practice. Dr. K. R. Chandratre has been in the profession of Company Secretary for over 40 years. He is a renowned Practicing Company Secretary with over 23 years of Practice. Dr. K. R. Chandratre is a peer reviewed Practicing Company Secretary (Peer Review Certificate No. 1206/2021) and has given his consent to act as a Secretarial Auditor along with the eligibility certificate confirming that proposed appointment, if made, will be in compliance with the Regulation 24A of SEBI Listing Regulations read with SEBI Circulars and Section 204 of the Act & other applicable provisions read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.
The Secretarial Auditor’s report for the year under review is annexed to this Report as “Annexure 6”. The Auditor’s report does not contain any qualification, reservation, or adverse remark.
iNTERNAL CONTROL systems AND Adequacy Of iNTERNAL FiNANCiAL CONTROLS
The internal control systems of the Company are adequate considering the nature of its business, size, and complexity. The Statutory Auditors of the Company have expressed their opinion on the adequacy of internal financial controls with reference to financial statements for the year under review and the operating effectiveness of such controls.
CORPORATE GOvERNANCE
A separate section on Corporate Governance with a detailed compliance report thereon forms a part of this Report. The Auditors’ Certificate in respect of compliance with the provisions concerning Corporate Governance, forms a part of this Annual Report, as required under the SEBI (LODR) Regulations, 2015.
management DiSCUSSiON AND ANALYSiS
A Management Discussion and Analysis Report giving detailed information on the operations, performance, and outlook of the Company and its business forms a part of this Report.
PARTiCULARS OF EMPLOYEES
A statement containing the names of every employee employed throughout the financial year and in receipt of remuneration not less than ? 1 crore 2 lakhs & other employees as required under Rule 5(2) of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014, is annexed as “Annexure 3A”. Further, the employees who
were employed for a part of the financial year & received remuneration not less than ? 8.5 lakh per month under the said Rule forms part of this Report. However, pursuant to the first proviso to Section 136(1) of the Act, this report is being sent to the shareholders excluding the aforesaid information. The said information is available for inspection. Any shareholder interested in obtaining the said information may write to the Company at grievances@kpit.com.
The ratio of the remuneration of each director to the median employee’s remuneration and other details prescribed in Section 197(12) of the Act, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, are annexed to this Report as “Annexure 3B”.
EMPLOYEES STOCK OPTiON SCHEMES
The Company has Employees Stock Option Schemes (ESOSs) which are in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (“SBEB Regulations”).
• KPIT Technologies Limited - Employee Stock Option Plan 2019A.
• KPIT Technologies Limited - Restricted Stock Unit Plan 2022.
Notes:
1) A total of 18,07,450 options were issued under ESOS 2019 scheme which was introduced with a view to give fair and reasonable adjustments to the respective employees of the Demerged Company (erstwhile KPIT Technologies Limited renamed as Birlasoft Limited) and the Company (KPIT Engineering Limited renamed as KPIT Technologies Limited) pursuant to Composite Scheme of Arrangement between the Demerged Company and the Company. These grants were duly intimated to stock exchanges as per SEBI (LODR) Regulations, 2015.
2) During FY 2023-24, all the options under ESOP scheme 2019 are utilized, consequently the number of options exercisable at the end of the year are Nil. Accordingly, the scheme stands closed.
In compliance with Regulation 14 of SBEB Regulations, the information relating to the said plans is annexed to this Report as “Annexure 4” and the same is available on Company’s website at: https://www.kpit.com/investor-gov/.
DiSCLOSURE UNDER The SExUAL Harassment OF WOMEN AT WORKPLACE (PREVENTiON, PROHiBiTiON AND REDRESSAL) ACT, 2013
The Company has a policy on prevention of sexual harassment at workplace and has put in place a redressal mechanism for resolving complaints received with respect to sexual harassment
and discriminatory employment practices for all genders. The Company has constituted Internal Complaints Committee which is responsible for redressal of complaints related to sexual harassment. The Company has taken various measures to create awareness amongst employees such as sending emails and communication to all employees, conducting awareness sessions with new joiners and deploying an e-learning module for all KPIT employees etc. for prevention of Sexual Harassment of Women at Workplace. During the year under review, Nil cases were reported with the POSH committee. There were no complaints pending as on March 31, 2025.
DETAILS OF APPLiCATiON MADE OR ANY PROCEEDiNG PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 DURiNG THE YEAR ALONG WITH THEIR STATUS
The Company has not made any application under the Insolvency and Bankruptcy Code, 2016 during the financial year 2024-25.
DETAILS OF DIFFERENCE BETWEEN AMOUNT OF The vALuAHoN DoNE At The Time of ONE-TiME settlement and the valuation done while
TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS Along wiTH THE REASONS THEREOF
The provision regarding difference between the amount of the valuation done at the time of one-time settlement and the valuation done while taking loan from the Banks or Financial Institutions is not applicable to the Company during FY 2024-25.
DEPOSITS
The Company has neither accepted any deposits from the public nor accepted any amounts which are deemed to be deposits within the meaning of sections 73 to 76 of the Companies Act, 2013 (as amended) and the rules made thereunder, to the extent applicable.
INFORMATION ON CONSERvATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN exchange EARNINGS AND OUTGO STIPULATED uNDER section 134(3)(M) of THE AcT, Read
with rule 8 of the companies (accounts) rules, 2014.
conservation OF energy
Energy conservation has long been a core priority for KPIT. As part of our dedication to sustainability, we are pleased to announce that we have transitioned to sourcing 90% Green Electrical Energy for our offices in Bangalore and Munich, Germany. In addition to leveraging solar energy, we have also undertaken measures to incorporate green energy for the remaining energy consumption at our Pune office.
KPIT has installed occupancy sensors in all washrooms for lighting, resulting into conservation of lighting energy. We have initiated installation of Digital Blanket platform where all the energy meters and water meters to get real time data and energy consumption. Based on data, further corrective steps are taken to optimize the consumption. HVAC and IT equipment collectively account for approximately 75% of energy consumption. Therefore, our focus has been on optimizing HVAC operations to enhance efficiency. Various practices have been implemented, such as adjusting AC temperature settings, monitoring AC systems based on occupancy, and seasonal adjustments to AC temperatures. Also implementing regular checks to power down monitors and machinery during non-operational hours and weekends to reduce IT equipment power consumption. Along with solar generation, the Company has initiated to source green power for our balance requirement and in doing so the Company will achieve 100% green power to Company’s campus. Investment towards installation of meters and system to get on Digital Blanket platform is around 3.0 lakhs and washroom occupancy sensors is around 1.0 lakh.
GREEN INITIATivES
FOREST cONSERvATION
KPIT is committed to forest conservation and recognizes the vital role it plays in maintaining ecological balance and preserving the environment. As a responsible organization, KPIT supports reforestation efforts, preserves wildlife habitats, and ultimately contributes to a healthier planet for future generations through impactful initiatives.
TREE pLANTATIoN WITH 14 TREEs FouNDATioN, PUNE
Since 2019, KPIT’s partnership with 14 Trees Foundation has driven significant reforestation efforts near Narayangaon and Rajgurunagar. Over 6,964 native saplings (5,000 this year) have been planted with an impressive 99% survival rate, with the active participation of 877 KPIT volunteers including senior leaders. This project also provides employment for over 300 local villagers, demonstrating a positive community impact alongside ecological benefits.
TREE MAINTENANcE AT KOYANANAGAR, PUNE
KPIT continues to make a significant impact on ecological conservation through its decade-long collaboration with the Wildlife Research & Conservation Society (WRCS) at the Koyna-Chandoli corridor. The project has successfully planted over 52,900 trees across 252 acres, achieving a 90% survival rate. This year’s efforts focused on nurturing and maintaining these trees. 168 KPIT volunteers contributed to the year-long maintenance activities and strengthening team connections with nature.
TREE MAINTENANcE AT FERGUSSON cOLLEGE, PUNE
KPIT is boosting Pune’s green cover by partnering with Maharashtra Vruksha Samvardhini to develop the botanical garden at Fergusson College. The project includes seed collection, tree nurturing, and creating spaces like a pollinators’ park and fernery. It provides a rewarding volunteer opportunity for over 250 people and their families, fostering community engagement with nature.
SAPLING PLANTATION, BENGALURU & cHENNAI
KPIT volunteers participated in sapling plantation events in Bengaluru and Chennai, partnering with local NGOs. Over 140 volunteers planted around 300 saplings at locations including Avalahalli Lake, Bangalore University, and Goodalur Village. Activities included pit digging, compost mixing, and planting.
EcOLOGIcAL ASSESSMENT AND ENHANcEMENT OF THE EcOSYSTEM, PUNE
KPIT launched a Biodiversity Assessment project with Ecovrat Envirosolutions, documenting over 320 species (183 plants, 70 birds, 77 butterflies/insects, and 6 mammals/ herpetofauna) including 5 IUCN Red Listed species.
The first phase included a seasonal ecosystem assessment and the initiation of a ‘Pollinator Park’ with over 300 employee volunteers contributing to activities like seed collection and sapling creation. Phase two focuses on implementing the Pollinator Park and exploring the feasibility of a Sacred Grove or Rain Garden to further enhance local biodiversity and sustainability.
water conservation
As part of KPIT’s water conservation efforts, KPIT has taken up three major projects in Pune and Bengaluru. The projects include the construction of water storage tanks, rejuvenation of stepwells, and ridge-to-valley rainwater harvesting projects. KPIT collaborated with multiple NGOs to implement these projects.
cONSTRUcTION OF DRINKING wATER STORAGE TANKS, PUNE
KPIT is tackling drinking water scarcity in hilly villages of Solapur, Satara, and Nashik districts of Maharashtra through a partnership with Jnana Prabodhini. The project constructs 15,000-liter Ferro Cement tanks - a sustainable and durable solution at the village level, providing clean water access to 1,455 villagers and over 800 cattle. This initiative offers a long-lasting solution to address severe water shortages experienced during the summer months.
STEPwELL rejuvenation, PUNE & BENGALURU
KPIT is revitalizing traditional water conservation structures through its ‘Stepwell Rejuvenation’ project, collaborating with Sevavardhini and Youth For Seva. The initiative restores abandoned stepwells in Patas, Pune, and Gudibande, Bengaluru, bringing them back to functionality and conserving approximately 50 lakh liters of water. Over 100 KPIT volunteers contributed to the restoration through cleaning, weeding, and planting activities, preserving these unique historical and ecological assets.
RIDGE TO vALLEY wATER cONSERvATION, BENGALURU
KPIT partnered with Rashtrotthana Parishat to launch a three-year Water Conservation and Ecological Restoration project in Doddaballapur, Bengaluru, aiming to conserve 1.3 crore liters of water annually. The project focuses on establishing a rainwater harvesting system for drip irrigation and includes tree plantation and maintenance. Launched with the participation of Dr. Suneel Pandita (Sr. VP Practice Business Leader), the initiative saw 501 volunteers contribute to ecological restoration through activities like seed sowing and applying manure, ultimately replacing 15 existing borewells for tree watering.
e-waste awareness, collection &
MANAGEMENT wITH cUMMINS INDIA FOUNDATION, PUNE & BENGALURU
KPIT is actively addressing e-waste management through collaborative initiatives in Pune and Bengaluru, partnering with foundations and NGOs like Cummins India Foundation, Poornam Ecovision Foundation, Janwani, and Youth For Seva. Launched in 2021, the project focuses on raising awareness and establishing e-waste collection systems in communities and schools. This year, the initiative collected and processed 105 tons of e-waste and 43 tons of plastic waste from over 22,000 donors, with mega drives collecting over 40 tons alone. Collected materials are either refurbished and donated to underprivileged students or responsibly recycled through authorized agencies, with KPIT volunteers actively participating in collection drives and kit preparation.
RIvER cLEANING, PUNE
For the past decade, KPIT has partnered with Jeevitnadi - Living River Foundation to clean the Mutha Riverbanks. This year, 67 volunteers participated in a cleanup drive in Aundh, collecting and segregating 230 kilograms of garbage. The event included an educational session from Jeevitnadi on river conservation and sustainable living, fostering a deeper appreciation for the local environment among the volunteers.
RiCE PLANTATION WiTH FARMERS, PUNE
To promote sustainability awareness, 19 KPIT volunteers from Pune office participated in a rice plantation activity at Velhe, collaborating with the Torna Rajgad Parisar Samajonnati Nyas, a Pune based NGO. The volunteers dedicated two hours to cultivating paddy in a one-acre field, gaining hands- on experience and supporting local agricultural practices.
ECOLOGICAL RESTORATION PROJECT, KOCHI
KPIT extended its sustainability initiatives to Kochi, India, partnering with Gram Seva Samithi on an Ecological Restoration and Sustainability project. This initiative established a self-sufficient food production system to support 100 residents in need, including the elderly and students, through biofloc fish farming, vegetable gardening, and flower planting. Additionally, 17 KPIT volunteers contributed to riverbank stabilization efforts along the Periyar River to combat soil erosion.
REUSE, RECYCLE, REPURPOSE (RRR) STATiON, PUNE
KPIT has reinforced its commitment to sustainability with the launch of the “RRR Station”. It is a permanent collection center established at Pune Campus (Head Office) for the responsible disposal of E-waste, Plastic Waste, and donated Clothes. The center is inaugurated by Mr. S. B. (Ravi) Pandit, Chairman, and Mr. Anant Talaulicar, Independent Director and Chairman of CSR committee.
The initiative encourages employees to participate in responsible waste management. 245 employees donated over one ton of material to Poornam Ecovision Foundation for reuse and scientific disposal, fostering a culture of reuse, recycling, and repurposing within the organization.
SUSTAINABILITY MONTH
For over a decade, KPIT has remained committed to the promise of a cleaner world by observing Environment Month every year in June. This year, as we embarked on our journey towards sustainability, we celebrated it as Sustainability Month. As part of this, a range of initiatives were organized for KPIT employees with the motive of having at least one activity each day to foster sustainability.
AwARENESS SESSIONS
KPIT’s Sustainability Month featured global awareness sessions inspiring employees to adopt eco-friendly habits. Experts covered topics like replacing plastic, toxin-free living, sustainable fashion, e-waste management, and tree plantation.
These sessions spurred action, including donation drives for tiffin boxes, clothes & e-waste, and on-campus nursery stalls. Creative initiatives like leaf display boards and
promoting reusable mugs further engaged employees. Skits and band performances showcased employee talent while spreading the sustainability message.
ECO-FRiENDLY PRODUCTS STALLS, PUNE
To foster a culture of sustainability and to give alternative options for products in daily use KPIT organized various NGO stalls. This initiative not only helped to cultivate the habit of sustainable lifestyle but also provided a platform to NGOs to promote their products.
RED DOT Bag Making, PUNE, Bengaluru, Kochi AND CHENNAI
KPIT is further advancing its waste management efforts by supporting the Seva Sahayog Foundation’s “Red Dot Bag Making” initiative. This project promotes hygienic sanitary waste disposal using bags made from recycled newspapers, identified by a visible red dot. Over 978 KPIT volunteers created more than 7,500 bags for distribution to underprivileged women, while also raising awareness within KPIT about proper sanitary waste segregation.
ECO-FRiENDLY GANESHA iDOL MAKiNG wORKSHOP
Continuing a six-year tradition, the KPIT CSR team hosted both virtual and in-person workshops for eco-friendly Ganesha idol making. These initiatives encouraged sustainable festival celebrations by guiding employees in crafting beautiful idols entirely from eco-friendly materials.
ECO-FRiENDLY DIWALI Lantern MAKiNG
KPIT continued its commitment to sustainable festivities by hosting a workshop on creating eco-friendly lanterns. Employees and their families enthusiastically participated, learning to craft and decorate their own lanterns, bringing lively and environmentally conscious celebrations to their homes.
CREATION Of DIGITAL CONTENT THROUGH viDEO RECORDING FOR ONLINE PROGRAM, PUNE
KPIT is supporting The Ecological Society (ES) in expanding its reach and impact through digital learning. KPIT’s support enabled ES to create video content for their online program, “Sustainable Management of Natural Resources and Nature Conservation.” This initiative combines environmental education with technology, offering flexible learning options and high-quality content, with a projected reach of 1,000¬ 1,200 additional participants over the next five years.
MCCiA - KPIT: AWARD FOR SUSTAINABILITY
The Mahratta Chamber of Commerce, Industries, and Agriculture (MCCIA) recently hosted its 77th Annual Awards Ceremony. Notably, the Award for Sustainability, instituted
by KPIT Technologies Limited, was introduced at the ceremony last year. This award aims to recognize and appreciate the efforts of corporations in Pune that prioritize sustainability. The selection criteria for the award included the organization’s focus on source reduction measures, employee strength, the resulting impact, and the efforts of corporations that have a significant positive impact on the environment through sustainable practices.
OTHER GEOGRAPHIES:
EARTH Day CELEBRATIONS: ART & viDEO CONTEST
In celebration of Earth Day 2024, KPIT engaged the children of its employees in a creative “Planet Vs Plastic” art and video contest. The initiative aimed to foster environmental awareness and promote sustainability among the younger generation, with 15 children sharing their innovative ideas and solutions for reducing plastic use.
USA
PARK CLEANUP ACTiviTIES, NOvi
KPIT demonstrated its commitment to environmental sustainability in the USA geography through multiple cleanup initiatives in Michigan. Partnering with organizations like Friends of the Rouge and the Clinton River Watershed Council, KPIT volunteers and their families participated in park and river cleanup activities in Novi and Rochester Hills. These efforts, including a dedicated drive with student interns, resulted in the collection of 29 bags of waste and raised awareness about the harmful effects of plastic pollution on local ecosystems.
THAILAND
TREE PLANTATION & MANGROvE FOREST PLANTATION
KPIT Thailand significantly contributed to environmental preservation through tree and mangrove plantation initiatives. Collaborating with the Prawet District Administration and the Bangpu Nature Education Center, Bangkok, KPIT volunteers planted 300 trees as part of Bangkok’s “Million Tree Planting Project” and supported coastal ecosystem health through mangrove restoration.
Notably, the activity saw participation from 80% of KPIT Thailand’s workforce, demonstrating a strong commitment to sustainability.
OCCUPATIONAL HEALTH AND SAFETY ASSESSMENT SERIES (OHSAS)
wellness initiatives
• Organized SIP drive to promote wellness and healthy living.
• Conducted Wellness Vista Run to encourage employees to adopt a healthy lifestyle.
• Launched Kidney Health Awareness program to educate employees.
• Offered Womantra financial planning workshops for women.
• Developed comprehensive program for women’s health & wellness.
• Conducted a webinar to educate employees about cancer prevention & treatment.
• Organized Drum Circle activity to reduce stress and promote team building.
• Hosted Health Carnival to promote health and wellness through interactive exhibits and screenings.
• Raised awareness about heart health on World Heart Day.
• Provided physiotherapy techniques to manage pain & prevent injuries.
• Raised awareness about liver health on Liver’s Day.
• Conducted awareness session to educate employees about infertility & IVF treatment.
• Conducted webinar to provide tips and resources for positive parenting.
HEALTH SERvICES
• Provided access to doctor consultations for employees.
• Conducted health check-up program to provide regular health screenings & assessments.
• Offered discounted wellness products to employees.
• Conducted oral cancer screening program to detect oral cancer early.
• Provided personalized diet coaching and nutritionist counseling.
employee recognition and appreciation
• Celebrated achievements of women at KPIT.
• Recognized and appreciated the hard work and dedication of employees.
FITNESS AND SPORTS
• Organized sports activities to promote teamwork and physical activity.
• Conducted Yoga & Zumba session to introduce young professionals to benefits of exercise.
• Organized Stepathon Challenge to encourage employees to prioritize physical health.
MENTAL HEALTH AND WELLNESS
• Conducted session to help employees manage stress & promote mental clarity.
• Provided tools to manage anxiety and burnout through the program.
• Conducted Sahaja Yoga Meditation Workshop to provide holistic approach to managing stress.
• Organized Musical Mindfulness activity to promote social connections & reduce stress.
• Offered regular Yoga Sessions to manage stress and improve flexibility.
• Conducted session to provide holistic approach to managing stress.
TECHNOLOGY ABSORPTiON
Throughout the year under review, several technological improvement initiatives were implemented. These initiatives enhanced the performance of systems and applications while reducing costs.
iAAS CLOUD ADOPTiON FOR DR SETUP ERP & HRMS SYSTEMS
To further reduce our dependency on factors that impact the uptime and sustainability of critical applications, we chose an Infrastructure as a Service (IaaS) cloud solution for disaster recovery of our vital corporate applications. We successfully implemented this solution. Some of the key advantages of adopting an IaaS cloud solution include:
• cost savings: Instead of making significant upfront investments in servers and other on-premises hardware, cloud services can be utilized on a pay-per-use basis. Additionally, features which enable us to quickly spin up instances during disaster recovery drills, contributing to cost reduction. Overall, it reduces IT support costs as there is automated mechanism for ongoing upgrade, and maintenance tasks.
• flexibility and scalability: Allows us to adjust computing resources based on demand. We can increase or decrease resources as needed without the immediate investment in additional hardware.
• Accessibility: Public cloud providers have a global network of data centres, allowing users to access cloud resources from anywhere in the world, with low latency.
• high availability: Cloud providers offer high availability and reliability with guaranteed uptime through redundant systems across multiple data centres. This
means cloud resources are available even if one data centre experiences an issue, ensuring uninterrupted access.
• Security: Implemented next generation firewalls to control incoming and outgoing traffic, and published applications via web application firewalls. Also implemented NACL to reduce attack surface. Configured RBAC, encryption, MFA & security tools for data protection.
ENHANcEMENTS TO BUSiNESS cONTiNUiTY PLANNiNG (BCP) - ENABLiNG SECURED WFH
Given the continued operations in hybrid model, KPIT is vigilant and working towards anticipating and planning for various scenarios. The Business Continuity Planning team will keep track, assess incidents and work with client teams to build and execute specific plans.
OBJEcTivES Of BcP:
• Implementing a set of measures for avoiding possible failures.
• Prioritization of Key services and providing for alternate service delivery.
• Educating the users for their responsibility before, during & after business interruptions.
• Providing an orderly and efficient transition from normal to emergency condition and back to normal maintaining consistency in action.
• Readiness for hybrid working.
• Uniform security checks / controls / policies for employees working from home or office.
SOLUTiON: SECURE WORK FROM HOME (BCP) ENABLEMENT
KPIT continues to have hybrid mode of working from home and office, thereby providing flexible & continuity of business operations. Considering secure & successful working from home, IT solutions with highly trusted technologies, process & people framework are implemented. The remote working environment is further optimized by introducing multiple security tools and controls to safeguard against modern attack vectors.
Access to KPIT network over Next Generation Firewall & VPN:
• Secure Access through multifactor authentication overactive directory credentials to ensure access by an authorized individual only.
• Zero Trust Private Access: ZPA is the world’s most deployed ZTNA platform, applying the principle of least privilege to give users secure, direct connectivity
to private applications running on-premises or in the public cloud while eliminating unauthorized access and lateral movement, we have covered 100% of assets under ZTNA.
• Posture assessment before granting access.
• Advanced patch management solutions.
• Virtual desktop infrastructure.
• Endpoint protection using multilayer endpoint protection to detect and prohibit suspicious or malicious activity.
• Endpoint ATP uses advanced threat and anti-exploit protection.
• Endpoint Device Data Loss Prevention for threat monitoring, logging, and restriction on USB storage ports.
• Endpoint Device Data Loss Prevention.
• Data exchange over end-to-end encryption with IPSEC tunnel from endpoint till secure gateway.
• SASE based Web-content filtering to protect against web malware.
• Collaboration using Microsoft Teams and Cisco WebEx.
• Round the clock monitoring security events by dedicated team of experts.
REMOTE wORKiNG ENviRONMENT
ENHANcEMENTS
During the year under review, the remote working
environment was further strengthened with the following
points:
• MFA (Multi Factor Authentication) enabled for published applications.
• Deep packet inspection in effect for all the published applications.
• Enhanced web content filtering solutions are deployed to arrest new age threats.
• Remote security updates and patch management deployment are further enhanced, covering all corporate assets.
• Data Encryption enabled for all the critical end points.
• Capacity enhancements completed for additional virtual desktops for rapidly growing development and engineering teams.
process and policy controls FOR bcp
• Strict adherence to KPIT Information Security Policy.
• User acceptance of Work from Home undertaking.
• Re-iteration of individual roles and responsibilities by Delivery Management.
• Setting up of BCP Command centre.
open-source platform enhancements
cloud Based Platform: As a part of our cloud adoption journey, we are going to opt for a cloud-based resilient container platform along with CI/CD pipelines for applications deployment. Cloud-based platforms are highly available, auto-scale & flexible. To cater for the need for data services, we will deploy the highly available database clusters of databases. We will migrate our HRMS applications and its data with zero surprises from an on-premises platform to cloud based resilient container platform. This will help the organization to save considerably because of auto scaling capabilities & flexibility. Introducing monitoring & logging system for entire platform which will help us to take proactive actions along with performance monitoring, governance and cost optimization by doing resource utilization analysis.
SOLUTiON AND TEcHNOLOGY DEPLOYED
Ai Adoption: We have deployed small-scale AI infrastructure in KPIT’s on-premises data centre, ensuring full control over its sensitive data. This on-premises setup eliminates the need for employees to rely on internet-based cloud resources, which can introduce latency.
Ai-Ready infrastructure: KPIT has successfully implemented an AI-ready infrastructure, designed to support the demanding requirements of AI workloads.
Scalable Power Solutions: The infrastructure is equipped with scalable power systems to meet the high energy demands of AI applications, ensuring uninterrupted operations.
Efficient cooling systems: To manage the significant heat generated by AI workloads, KPIT has integrated advanced cooling technologies.
high Performance: The infrastructure supports high- performance computing resources, enabling rapid processing and analysis of large datasets.
Flexibility and Security: Designed to be flexible, the infrastructure supports various AI tools and frameworks while maintaining robust security measures to protect sensitive data.
introduction of WiFi 6E: WiFi 6E can offer faster data transfer speeds compared to previous WiFi versions with support gigabit and multi-gigabit speeds, for high video streaming.
introduction of Gen 4 ML-Powered NGFWs: Upto 5X threat prevention performance, 3X the decryption performance and 3-4x improvement in power.
Open-source VDi solutions: Considering expansion and future requirements, we have opted open-source VDI solutions in 2023 which offers significant cost savings compared to proprietary alternatives without compromising features and security. Leveraging open-source software, we can avoid costly licensing fees and reduce overall infrastructure expenses for Test and Training requirements. Looking at the benefits, KPIT has increased open-source VDI by 50%.
With open-source VDI, we can easily scale our virtual desktop infrastructure to accommodate changing business requirements. Scalability of open-source solutions ensures optimal resource utilization facilitating virtual desktops for a large-scale training session or scale down resources during periods of low activity.
We have opted for open-source software support, with this support, we can maintain greater control over security measures and ensure compliance with industry regulations and data protection standards.
Implementing open-source VDI enables the on-demand provisioning of virtual desktops for testing and training purposes. Team members can quickly spin up virtual environments tailored to their specific needs, enabling efficient testing of software applications and seamless delivery of training programs.
KPIT’s commitment to Sustainability: KPIT is proud to announce its initiative to purchase equipment from Original Equipment Manufacturers (OEMs) that are sustainability certified. This decision aligns with our ongoing commitment to environmental responsibility and sustainable practices.
KEY highlights
Sustainability Certification: By choosing sustainability- certified equipment, KPIT ensures that the products meet stringent environmental standards, reducing our carbon footprint and promoting eco-friendly practices.
environmental Impact: This initiative supports our goal of minimizing environmental impact by using energy-efficient and environmentally friendly equipment.
corporate Responsibility: It reflects our dedication to corporate social responsibility, demonstrating our commitment to sustainable development and ethical business practices.
Through this initiative, KPIT continues to lead by example in fostering a sustainable future, reinforcing our vision of creating a cleaner, smarter, and safer world.
virtual Platform for vehicle simulation & validation
One of the key challenges faced in ADAS and AD development is Verification and Validation. Given the safety- critical nature of ADAS/AD, it’s important to ensure high levels of accuracy for this. This is where Virtual Simulation for Validation comes into play.
Solution and Technology Deployed:
Deployed highly resilient container platform along with distributed event streaming platform clusters with Kerberos. The solution has a built-in load balancer for optimum workload distribution. This platform contains Jenkins for CI/CD which allows continues delivery cycle.
Smart campus Platform
KPIT has begun the Smart Campus initiative and rolled out various “Smart Applications” for Employees. These applications were aimed at changing the user experience while optimizing the energy consumption. KPIT has pursued this initiative further and taken it to the next level by deploying “Smart Campus” platform and has integrated fourteen different systems and sensor driven devices that come under the aegis of Building Management System (BMS). Traditionally, all these BMS such as access control, CCTv, fire alarm system and air-conditioning systems operate within their own silos and use legacy (often proprietary) protocols. The siloed approach leads to an absence of ability to conduct common monitoring and controlling. In the past year, we made significant strides in enhancing operational efficiency and user experience through the implementation of a state-of-the-art desk reservation system and a comprehensive visitor management system. These systems have not only streamlined the booking and utilization of workspace resources but also bolstered our campus security by providing a detailed, real-time overview of visitor movements.
Solution and Technology Deployed:
KPIT has brought in a higher level of automation in all these 14 systems by use of various control panels and adaptors and has got them integrated to our platform. This has enabled the Company to provide accurate instantaneous reporting data of all these systems along with control functionality in a single dashboard. We are getting more visibility on electrical consumption across floors buildings, with clarity on which system is consuming how much electricity, how it can be effectively optimized. Automation in various pumps and Fan systems gives more operational efficiency for the operations team and reduction in human errors along with reduction in electrical usage. The operations team is now better equipped to see all the systems on a single dashboard.
• Hyper-converged Infrastructure
KPIT is an early adopter of Hyper-Converged Infrastructure and has been reaping its benefits for the last 4 years. In our pursuit of continual services optimization, the Company has adopted Hyper- Converged Infrastructure from the leading OEMs.
Scaling out HCI cluster is helping us to suffice dynamic business requirements, quick customer on boarding & on the fly resource upgradation for deployed workloads. Inbuilt deduplication capabilities are helping us in effective storage management.
Solution and Technology Deployed:
KPIT was looking for an agile solution which will help us in making operations simpler, could be commissioned much faster, could be scaled on demand and could be effectively managed by skilling existing human resources.
Hyper-Converged Infrastructure addressed these issues. It combines storage, networking, and computing resources into a single, integrated platform, allowing for easier management and scalability. We could implement a hyper-converged solution within a few hours. Even achieving disaster recovery is much simpler and it supports multi-hypervisor environments.
Over the period, KPIT IT has expanded the use of Hyper- Converged Infrastructure (HCI) for running the critical workload. As businesses continue to generate and rely on more data than ever before, HCI is becoming an increasingly de facto standard for data center expansion.
One of the main benefits of HCI is its ability to scale quickly and easily. With traditional data center infrastructure, adding new servers, storage arrays, and network switches can be a time-consuming and expensive process. With HCI, however, adding additional resources is as simple as adding a new node to the existing cluster. This allows us to quickly and easily expand data center as the needs grow, without incurring significant additional costs. Another advantage of HCI is its simplified management interface. Instead of having to manage multiple systems for storage, networking, and computing, HCI provides a single interface for managing all resources. This not only makes it easier to manage the data center but also helps to reduce the risk of errors and misconfigurations that can lead to downtime and data loss. HCI has also helped to reduce data center footprint and power consumption. Because it integrates all resources into a single platform, there is less hardware to manage, which leads to significant cost savings on power and cooling. Currently, around 90% of the critical workload is running on the HCI infrastructure.
The following environmental Returns are achieved:
Hyper-Converged Infrastructure has helped us in saving power, cooling, and space by an additional 30%. We could also optimize the asset ratio from 7 to 1 for the same computer capacity in the datacenter. We continued investing into this technology last year too and the organization is reaping its benefits.
KPIT’s dHci Implementation Project:
We are pleased to announce the successful completion of KPIT’s next-generation Hyper-Converged Infrastructure (dHCI) project. This innovative approach to data center management, introduced in mid-2023, has significantly enhanced our operational efficiency and flexibility.
Key Benefits Realized:
Independent Scaling: Unlike traditional HCI, dHCI allows us to scale computing and storage resources independently, ensuring optimal resource allocation based on workload demands.
enhanced flexibility: The ability to adjust resources as needed has improved our responsiveness to changing business requirements.
Efficient Resource utilization: By aligning resources more closely with actual needs, we have achieved better performance and cost-efficiency.
cost Savings: dHCI has lowered the 20% amount of space and energy that data centers need. It combines all resources into one platform, which reduces the hardware to manage, and saves a lot of money on power and cooling.
virtual Desktop environment
The latest version & enhanced capacity has been brought to virtual desktop environment. Implementations to make processes more efficient, increased automation, security and deploy IT to make collaboration across geographies easier. The Company has deployed the most advanced technologies for its processes. These deployments are scalable and future ready to support changing work styles, information security criteria, and the changing usage patterns of computing devices.
Solution: KPIT decided to shift from conventional desktop technology to Virtual Desktop Interface (VDI). The following operational aspects were considered while implementing the VDI solution: delivery on demand services for users, increase IT efficiency, simplify management, and ensure software compliance. Though KPIT was already evaluating a virtualization solution that was deployed in a limited environment, it had not explored the idea of transitioning the core
Note:
(i) In financials, the investment as at 31 March 2025 is shown at ' 449.81 million, which is net of derivative of ' 101.35 million.
Sr.
No.
|
Name of the subsidiary
|
Nature of transaction
|
Duration
|
Rate of interest (%)
|
Amount (? in million)
|
Purpose
|
1
|
KPIT Technologies GmbH
|
Investment in subsidiary
|
N.A.
|
N.A.
|
925.00
|
Towards further acquisition of Technica Group.
|
2
|
N-Dream AG(i)
|
Investment in Associate Company
|
N.A.
|
N.A.
|
279.96
|
Towards additional investment of 12.99% stake in N-Dream AG.
|
ERP processes onto the virtualized environment but had transitioned only the less critical ones. Taking a step further toward optimizing energy requirement and consumption, KPIT decided to increase use of virtualization technology.
Solution and Technology Deployed: HCI (leading OEMs) & VDI (thin client) based infrastructure platforms.
The following Environmental Returns were achieved after deployment of VDI:
1. Energy savings: More than 60% reduction in energy consumption was achieved by moving to the private cloud platform (including new technologies like hyper converged) with VDI as compared to using conventional computers. Cisco Unified Computing System, which is included as part of the private cloud platform, delivers high memory capacity to support a large number of virtual machines on each blade server, thus reducing the amount of physical equipment to be powered and cooled. The desktop computers that consume around 150 watts of electricity, were replaced with very small devices called thin clients that consume just 30 watts. This has resulted in energy savings of approximately 3,00,000 units per year amounting to 375 MT of Co2 emission.
2. Reduction in e-waste: Almost 90% reduction in e-waste generation was achieved due to the increased IT hardware refreshment cycle for desktops, laptops, and workstations. The lifespan of the above-mentioned hardware is about five years due to high resource requirement, capacity, performance demand, and due to newer operating systems, application software and tools. Being a technology provider, it is extremely important for us to update our IT hardware platform and prepare it for the next generation development tools. The thin client on the other hand has more than eight years of lifespan. Till that time, it does not require upgrades or replacement as all the resources such as computing power, memory and disk space are accessed through VDI setup hosted in the datacentre. Under this infrastructure, we deployed 600 VDIs for the business users.
3. Reduced iT Asset Ratio from 1.20:1 to 1.10:1: VDI
environment enables multiple users to access their accounts using a single machine without compromising on the security aspect. Before deploying the virtual desktop environment, the asset-to-employee ratio was 1.20:1. This meant that much of the IT infrastructure was underutilized and consumed more natural resources. After the deployment of the Private Cloud platform with VDI, the asset ratio has reduced to 1.10:1 thereby reducing the computer hardware consumption by 10%.
4. Workplace utilization increased by 10%: The VDI
helped in improving the utilization and flexibility of IT assets. Users can access their desktop, applications and data from any location, without compromising on the security of the system. In addition, employees can connect to corporate resources using any of the personal devices like iPads, Windows and Android based mobiles, thus enabling Consumerization of IT. This has led to workplace flexibility and optimal utilization of workspaces.
5. reduction in travel across locations: KPIT has deployed the best of the solutions such as Cisco Telepresence (Audio/Video conference) & Microsoft Teams across the offices and Cisco WebEx for better collaboration. With these solutions, our users can have conference meetings from anywhere and through any device. Even our business reviews, recruitment and customer meetings are conducted using these technologies. It has been observed that overall business travel across the globe has been reduced by 25%. As this is a unified collaboration platform, end user productivity is also substantially improved.
One KPiT experience for newly acquired entities:
Upon acquiring the new entity, KPIT IT could leverage its experience and expertise to help integrate the new entity into our operations smoothly. We provided guidance and support based on our years of experience in the industry, sharing the best practices and lessons learned to ensure a successful transition. We also facilitated knowledge collaboration sessions, where our team members shared their knowledge and expertise with the newly acquired entity’s SME team, helping both teams to gain a deeper understanding of operations and processes. Through this collaborative approach, we were able to foster a culture of continuous learning and improvement, while also ensuring a seamless integration of the newly acquired entity into our organization. We continue sharing experience and supporting the success of the newly acquired entities, and we look forward to continued collaboration and growth in the future.
Key Objectives achieved -
1. One KPIT Experience.
2. Improved collaboration.
3. Effective project management.
4. Enhanced security for acquired entities.
5. Business continuity and disaster recovery.
6. Creating a global technology talent pool.
Research and Development (R&D) Activity
During the year under review, the Company has incurred $ 12.91 million on R&D Expenditure. Further, the Company has not claimed any weighted deduction under section 35(2AB) of the Income Tax Act 1961 for in-house R&D expenditure, as the same is not available with effect from April 1, 2020.
Foreign Exchange Earnings and Outgo
Total foreign exchange earnings during the year have been ? 23,485.91 million (previous year ? 19,067.48 million) and foreign exchange outgo (including imports) has been ?
PARTiCULARS OF CONTRACTS OR ARRANGEMENTS WiTH RELATED PARTiES REFERRED TO iN SECTiON 188(1) of THE Act
Pursuant to the provisions of Section 134(3)(h) of the Act, the particulars of contracts or arrangements with related parties referred to in Section 188(1) of the Act and prescribed in Form AOC-2 of Companies (Accounts) Rules, 2014, is annexed to this Report as “Annexure 2”.
UPDATE ON MERGER & ACQUiSiTiON
FMS Future Mobility Solutions GmbH:
In FY 2023-24, the Company had acquired the balance stake of 75% in FMS Future Mobility Solutions GmbH, Germany (FMS) through KPIT Technologies GmbH, a wholly owned step-down subsidiary of the Company. Pursuant to this KPIT Technologies GmbH holds 100% stake in FMS. FMS is engaged in Software and Feature Development in Autonomous Driving, ADAS & Vehicle Safety and Integration & Validation. The acquisition of FMS had added certain unique proprietary offerings in the autonomous driving domain. The partnership has improved KPIT access to one strategic client with new offerings and strengthen KPIT market presence in Germany. FMS Future Mobility Solutions GmbH has merged with KPIT Technologies GmbH with effect
328.81 million (previous year ? 466.68 million).
PARTiCULARS OF LOANS, GUARANTEES OR iNVESTMENTS uNDER section 186 oF The Act
Particulars of loans, guarantees or investments made during the year under review, pursuant to the provisions of Section 186 of the Act are as below:
from August 28, 2024. investment in N-Dream AG:
In FY 2023-24, the Company had entered into Shareholders’ Agreement, Share Purchase Agreement, and Investment and Subscription Agreement for a strategic investment in N-Dream AG (N-Dream). N-Dream AG is a Cloud based Game Aggregation Platform company based in Switzerland. This strategic investment in N-Dream AG is part of Company’s roadmap to enable Automotive OEMs enhance the driver & passenger experience in the Cockpit of the Future.
In FY 2023-24, the Company has done an initial strategic investment of 13.01% stake in N-Dream for a total cash consideration of EUR 3.00 million. Further, in accordance with the agreements entered into, the Company has multiple options to increase its shareholding over the period of next 4 years in a staggered manner. Pursuant to this, during the current year, the Company has acquired an additional 12.99% stake in N-Dream for a cash consideration of EUR 3.00 million. With this additional share purchase, total shareholding of the Company is 26.00% in N-Dream. The Company continues to hold non-controlling equity holding in N-Dream.
KPIT engineering Suarl:
During the year, the Company has acquired 100% stake in KPIT engineering Suarl, Tunisia (KPIT Tunisia) through KPIT Technologies GmbH, a wholly owned step-down subsidiary of the Company for a cash consideration of EUR 5.00 million. KPIT Tunisia operates as a nearshore development center, primarily serving Technica Engineering GmbH, Germany, its sole customer, a leading company in Automotive, specializing in production-ready system prototyping (combination of network system architecture, hardware prototyping, integration), automotive ethernet products, and tools for validation. Also, the cash consideration for acquisition of this near shore entity in Tunisia, is a part of the total consideration of EUR 110.00 million as per the Share Purchase Agreement for Technica Group dated 21 September 2022 with the sellers. Technica Group consists of Technica Engineering GmbH, Germany, Technica Electronics Barcelona S.L., Spain, Technica Engineering Spain S.L., Spain, Technica Engineering Inc, USA and KPIT engineering Suarl, Tunisia.
Caresoft:
The Company through its subsidiaries has acquired 100% stake in Caresoft Global Technologies, Inc., United States of America; Caresoft Engineering Services Limited, United Kingdom; CAREGLOTECH de RL de CV, Mexico; and OXI SRL, Italy. The Company acquired the carved-out Caresoft Engineering solutions business globally which is primarily focused on Off-highway, Truck and Bus segments and Manufacturing Solutions.
As on March 31, 2025, KPIT’s consolidated financial
statements reflect healthy financial ratios without any long-term borrowing. Over the years, KPIT has been growing organically and inorganically with CAGR of 28.2%. All previous acquisitions have been EPS accretive and KPIT has funded those with internal accruals. In view of future plans of the Company and to enable optimal financing structuring to fulfill the long-term strategic business objectives, the approval of Members was sought by way of Postal ballot, which was completed on June 13, 2025, to increase the limits of Investments/ Loans/ Guarantee/Security over and above the limits prescribed under provisions of Section 186 and other applicable provisions, if any, of the Companies Act, 2013. This approval to increase the above limits for investment in future inorganic growth opportunities including “Caresoft Entities”. The same shall be utilized largely via internal accruals either directly through KPIT India or Indirectly through its subsidiaries globally.
MATERIAL CHANGES AND COMMITMENTS AFFECTING The FINANcIAL Position of The
company
There have been no material changes and commitments affecting the financial position of the Company which have
occurred between the end of the financial year to which the financial statements relate and the date of this Report.
However, during FY 2025, several macroeconomic, technological, and geopolitical developments are reshaping the global mobility landscape and influencing the financial and strategic decisions of our clients:
1. Geopolitical and Economic Uncertainties: Global disruptions—including the Russia-Ukraine conflict, U.S. election dynamics, and evolving trade policies— have contributed to supply chain volatility, inflationary pressures, and business planning uncertainty across key automotive markets.
2. Tariff Wars and Trade Tensions: The resurgence of tariff wars and protectionist trade policies-particularly between major economies such as the U.S., China, and the EU-is creating a highly uncertain global trade environment. For automotive OEMs, this translates into increased costs for imported components, disrupted cross-border supply chains, and the need to reassess global manufacturing footprints. Many OEMs are adopting a cautious approach, delaying investment decisions and re-evaluating sourcing strategies to mitigate geopolitical risks. The uncertain outlook is also prompting a shift toward regionalization of supply chains and localized production to buffer against future trade shocks.
3. Market contraction and Margin pressures: OEMs and Tier-1 suppliers are facing reduced unit sales, compressed margins, and shifting consumer demand. This is prompting a strategic pivot toward productivity- led innovation, platform consolidation, and more selective investment in new programs.
4. cost pressures and inflation: Elevated material costs and rising interest rates are increasing the total cost of vehicle production and ownership. This is affecting both consumer affordability and OEM profitability, requiring sharper cost control and value engineering.
5. technological Disruption: The transition to electric, software-defined, and connected vehicles continues to drive significant investment in embedded systems, cloud-native platforms, and domain controllers. The ascent of Chinese OEMs in global markets brings new dimension in this evolving industry landscape. Chinese OEMs are resetting the benchmarks for speed, cost, and customer-centric innovation, developing new vehicles in half the time and one-third the cost of traditional OEMs - inturn disrupting the whole industry.
6. increased productivity expectations: Automotive clients are under pressure to “do more with less.” Decision-making cycles are lengthening, but delivery
expectations remain aggressive. Budget optimizations, discount pressures, and efficiency mandates are reshaping program execution norms.
7. sustainability and Regulatory mandates: Growing regulatory scrutiny on emissions, battery traceability, and ESG disclosures is compelling OEMs to invest in cleaner propulsion systems and transparent supply chains, accelerating the push towards sustainable mobility.
8. Artificial intelligence & genAI in mobility: AI and GenAI are emerging as transformative forces in the automotive domain. From autonomous driving algorithms and predictive maintenance to generative design and intelligent in-cabin experiences, AI is enabling smarter, faster, and more efficient development cycles.
In this evolving industry landscape, the Company remains agile and well-positioned. Through continued investments in new technology offerings, talent, and focusing on trusted client partnerships, we are supporting our clients’ transformation agendas and driving long-term value creation.
significant and material orders
There are no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and Company’s operations in future.
ENTERPRISE RISK MANAGEMENT PoLICY
A policy to identify, assess, monitor and mitigate various risks to key business objectives of the Company is in place. Detailed information on Enterprise Risk Management is included in this Annual report.
reporting of frauds by auditors
During the year under review, the auditors have not reported to the Audit Committee, under Section 143 (12) of the Companies Act, 2013, any instances of fraud committed against the Company by its officers or employees, the details of which need to be mentioned in the Board’s report.
ANNUAL RETURN
The Annual Return of the Company for the financial year 2023-24 in Form MGT-7 and extract of Annual Return in Form MGT-9 as on March 31, 2025, are available on the Company’s website at http://www.kpit.com.
SECRETARIAL STANDARDS
The Company has adhered with all applicable secretarial standards issued by the Institute of Company Secretaries of India. For more details, please refer to the report on Corporate Governance which is a part of the Annual Report.
responsibility statement of the board of
DIRECToRS
To the best of their knowledge and belief and according to the information and explanations obtained by them, your directors state that:
i) In the preparation of the annual accounts for the year ended March 31, 2025, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any.
ii) They have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent to give a true and fair view of the state of affairs of the Company as on March 31, 2025, and of the profit of the Company for the year ended March 31, 2025.
iii) They have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.
iv) The annual financial statements have been prepared on a going concern basis.
v) They have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively.
vi) They have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.
ceo & cfo certification
Certificate by Mr. Kishor Patil, CEO & Managing Director and Ms. Priyamvada Hardikar, Chief Financial Officer, pursuant to the provisions of regulation 17(8) of the SEBI (LODR) Regulations, 2015, for the year under review was placed before the Board of Directors of the Company at its meeting held on April 28, 2025.
A copy of such a certificate forms a part of the Report on Corporate Governance.
cost records
The Company is not required to maintain cost records under the provisions of Section 148(1) of the Companies Act, 2013.
directors & officers insurance policy
The Company has in place an insurance policy for its Directors & Officers with a quantum and coverage as approved by the Board.
ACKNOWLEDGMENTS
We take this opportunity to thank all the shareholders of the Company for their continued support.
We thank our customers, vendors, investors and bankers for their continued support during the year. We place on record our appreciation of the contribution made by our employees at all levels. Our consistent growth was made possible by their hard work, solidarity, co-operation and support.
We further thank the governments of various countries where we have our operations. We also thank the Government of India, particularly the Ministry of Communication and
Information Technology, the Ministry of Commerce, the Ministry of Finance, the Ministry of Corporate Affairs, the Customs and Excise Departments, the Income Tax Department, the Reserve Bank of India, the State Governments, the Software Development Centers (SDCs)/ Special Economic Zones (SEZs) - Bengaluru, Pune and all other government agencies for their support and look forward for their continued support in future.
For and on behalf of Board of Directors S. B. (Ravi) Pandit
Pune Chairman of the Board
April 28, 2025 DIN: 00075861
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