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)

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 77^th 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

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