Latest news with #SachinTikekar
Yahoo
22-05-2025
- Automotive
- Yahoo
KPIT opens new technology centre in Sweden
KPIT Technologies, an automotive software and mobility engineering firm, has opened a new technology centre in Gothenburg, Sweden to 'drive innovation in mobility'. This marks a significant step in the company's strategic expansion, establishing a presence in the Nordics and reinforcing its commitment to European automotive OEMs. Located in Lindholmen Science Park, the heart of Sweden's automotive and mobility R&D, the new centre is surrounded by industry leaders, academic institutions, and start-ups. This strategic move is a testament to KPIT's vision to reimagine mobility in collaboration with clients, talent, and partners. KPIT president and joint MD Sachin Tikekar said: "Our vision is to reimagine mobility for a cleaner, smarter and safer world. Sweden is a powerhouse of innovation, especially around safe and sustainable mobility, with Gothenburg at its epicenter. "Our presence here allows us to be physically closer to leading Swedish and European OEMs, enabling faster collaboration and solving their core business challenges with our software, hardware design and manufacturing engineering capabilities. "We are excited to work with local talent, harness Sweden's focus on technology and green transition, and co-develop solutions for challenges of mobility OEMS globally." For over two decades, KPIT has been a strategic partner to top European mobility OEMs. The company's expansion into Sweden enhances its existing network, which includes centres in Germany, the UK, France, Italy, and beyond. This extension is part of KPIT's global delivery network that spans the US, Japan, China, Thailand, India, and Tunisia. The inauguration event at Lindholmen was attended by Swedish and European automotive OEMs, academic leaders, and representatives from the Swedish government, Business Sweden, and other key stakeholders. Business Region Göteborg CEO Patrik Andersson said: "This is a strategically important investment for the Gothenburg region. The fact that KPIT Technologies is expanding here strengthens the capacity of our automotive cluster and confirms our city's importance as a global hotspot in software-defined mobility and transport. "We know that the company sees great growth opportunities in Sweden. We warmly welcome their investment in Gothenburg." "KPIT opens new technology centre in Sweden" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Time of India
21-05-2025
- Automotive
- Time of India
KPIT Technologies expands footprint in Sweden with new tech centre
KPIT Technologies , homegrown mobility tech firm , announced its expansion plan in Sweden with the inauguration of its new technology centre at Lindholmen Science Park, Gothenburg, which is at the heart of Sweden's automotive and mobility R&D ecosystem. The Gothenburg center, KPIT's first in the Nordics, will help it collaborate with Swedish and European OEMS and tap into local talent. Sachin Tikekar , President & Joint MD, KPIT Technologies, said, 'Our vision is to reimagine mobility for a cleaner, smarter and safer world. Sweden is a powerhouse of innovation, especially around safe and sustainable mobility, with Gothenburg at its epicenter. We are excited to work with local talent, harness Sweden's focus on technology and green transition, and co-develop solutions for challenges of mobility OEMS globally.' KPIT's entry into Sweden strengthens its European footprint and complements its operations in Germany, the UK, France, Italy, while also enhancing its global delivery network that spans the US, Japan, China and Thailand, India and Tunisia. Recently, the Pune-headquartered firm also expanded its operations in China, with the acquisition of Caresoft Global's engineering solutions business for $191 million. This will help KPIT to deepen its focus on the commercial vehicle segment and expand presence in China as Caresoft has a strong foothold there.
Time of India
21-05-2025
- Automotive
- Time of India
KPIT announces new technology centre in Sweden
KPIT Technologies , a global partner to the automotive and mobility ecosystem for software-defined vehicles, on Wednesday announced the inauguration of its new technology centre in Gothenburg, Sweden. 'The Gothenburg centre is KPIT's first in the Nordics, reflecting a deeper commitment to European OEMs and investment to tap into the region's vibrant talent and innovation ecosystem,' KPIT said in a media release. The new technology centre is located at Lindholmen Science Park, Sweden. 'Surrounded by pioneering Swedish passenger car and commercial vehicle manufacturers, forward-thinking academic institutions, and cutting-edge mobility start-ups, this move reinforces KPIT's long-term vision to reimagine mobility with our clients , talent and partners,' said KPIT. 'Sweden is a powerhouse of innovation, especially around safe and sustainable mobility, with Gothenburg at its epicentre,' said Sachin Tikekar, president and joint MD, KPIT Technologies. 'Our presence here allows us to be physically closer to leading Swedish and European OEMs, enabling faster collaboration and solving their core business challenges with our software, hardware design and manufacturing engineering capabilities.' 'We are excited to work with local talent, harness Sweden's focus on technology and green transition, and co-develop solutions for challenges of mobility OEMs globally,' Tikekar added Live Events For over 20 years, KPIT has been a partner to many European mobility OEMs. 'KPIT's entry into Sweden strengthens its existing presence and will offer best value while working in tandem with centres in Germany, UK, France, Italy, and more — and enhance the global delivery network that spans the US, Japan, China, Thailand, India, and Tunisia,' the statement added. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories 'This is a strategically important investment for the Gothenburg region. The fact that KPIT Technologies is expanding here strengthens the capacity of our automotive cluster and confirms our city's importance as a global hotspot in software-defined mobility and transport,' said Patrik Andersson, CEO of Business Region Göteborg. KPIT is an independent software development and integration partner helping mobility companies. It specialises in embedded software, AI, and digital solutions. The company has engineering centres in Europe, the US, Japan, China, Thailand, and India.
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Business Standard
28-04-2025
- Automotive
- Business Standard
KPIT Technologies Q4 results: Profit up 49% at ₹244.7 cr; revenue up 16%
Automobile-industry focused KPIT Technologies on Monday reported a 48.9 per cent increase in consolidated net profit at Rs 244.7 crore in the March quarter. It had logged a net profit of Rs 164.3 crore in the year-ago period, according to a regulatory filing. Revenue rose 15.9 per cent to Rs 1,528.3 crore during the quarter against Rs 1,317.8 crore a year ago. Sequentially, profit and revenue climbed 30.9 per cent and 3.4 per cent, respectively. "We have consistently delivered 19 sequential quarters of growth in revenues and operating profits. China's mobility ecosystem has challenged global OEMs (original equipment manufacturers) on the alteration of paradigms in speed, cost and innovation in vehicle development. We have made investments in leadership training, mobility-specific AI solutions, automation, platforms, tools & accelerators and new markets. "On the back of strong deal wins for strategic engagements, coupled with potential acquisition of specialized companies, we are positive about our medium-term growth trajectory," Kishor Patil, Co-founder, CEO and MD of KPIT, said. TCV (total contract value) of new engagements won during Q4FY25 was $280 million (about Rs 2,381 crore). For the full FY25, profit grew 41.2 per cent to Rs 839.6 crore, against Rs 594.5 crore in the previous fiscal. The FY25 revenue increased 19.9 per cent to Rs 5,842.3 crore. The Pune-headquartered firm also announced voluntary liquidation & dissolution of its wholly-owned step-down subsidiary PathPartner Technology Inc. Voluntary liquidation & dissolution will further optimise operations of KPIT USA, the filing said. The operations, employees & customer contracts of Path Partner Technology Inc (Path Partner USA) have been fully integrated into KPIT Technologies Inc (KPIT USA), it said. Furthermore, the company announced a partnership with Mercedes-Benz Research and Development India (MBRDI) to accelerate the development and realisation of Software-Defined Vehicles (SDVs). "Our strong deal pipeline, opening of large engagements with likes of MBRDI for Mercedes Benz, eager response to our solutions at Global tech forums like CES, Bharat Mobility and Shanghai Auto Expo gives us confidence to add consistent value to clients," Sachin Tikekar, President and Joint MD at KPIT, said.
Yahoo
31-01-2025
- Business
- Yahoo
KPIT Technologies Ltd (BOM:542651) Q3 2025 Earnings Call Highlights: Strong Revenue and Profit ...
Revenue Growth: 20.7% year-to-date growth over last year Q3 FY25. Quarterly Revenue Growth: 17.4% in constant currency, 18.1% year-on-year. EBITDA Margin: 21.1% compared to 20.8% last year. Profit Growth: 38% year-to-date over the same period last year; 20.4% year-on-year for the quarter. Cash Generation: Increased from INR9.6 billion last quarter to INR14.2 billion this quarter. Days Sales Outstanding (DSO): 42 days, typically around 45 days. Interim Dividend: INR2.5 per share compared to INR2.1 per share last year. Deal Wins: USD 236 million during the quarter. Warning! GuruFocus has detected 1 Warning Sign with BOM:542651. Release Date: January 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. KPIT Technologies Ltd (BOM:542651) reported a strong year-to-date revenue growth of 20.7% and profit growth of 38% over the same period last year. The company has seen significant cash generation, with cash increasing from INR9.6 billion last quarter to INR14.2 billion this quarter. KPIT Technologies Ltd (BOM:542651) has maintained a low attrition rate, about half of the industry average, indicating strong employee retention. The company has a robust pipeline, which has increased by over 20% during the quarter, driven by large deals and broad-based client engagement. KPIT Technologies Ltd (BOM:542651) continues to invest in AI and cybersecurity, enhancing its technological capabilities and future readiness. There is a slowdown in global auto volumes, which could impact demand from clients, particularly in the US and Europe. The transition from electric vehicles (EVs) to hybrids and other alternatives by OEMs may pose challenges in terms of revenue adjustments. The company faces potential risks from the merger of key clients, such as Honda and Nissan, which could impact existing work and growth prospects. KPIT Technologies Ltd (BOM:542651) has experienced an increase in other expenses, which rose by 11% sequentially, impacting overall profitability. The company is cautious about mergers and acquisitions, opting not to pursue QIP in the short term, which may limit expansion opportunities. Q: Between the US and Europe, where do you see demand from clients coming back sooner based on your conversations? Also, how does the shift from EVs to hybrids impact your business with OEMs? A: Demand recovery is led by Europe, followed by the Americas and Asia. The shift to hybrids and other propulsion methods presents a great opportunity for KPIT, as we are involved in both battery electric and hybrid solutions. This trend is positive for us across various markets, including the US, Japan, and India. (Sachin Tikekar, President, Joint Managing Director, Executive Director) Q: Can you provide an update on the Coric initiative and when it might start contributing to revenue? A: We are on track with Coric, having secured a significant OEM client and are in advanced discussions with another European OEM. We expect Coric to contribute to revenue in FY26. (Kishor Patil, CEO, Co-Founder, Managing Director, Executive Director) Q: How do you see the deal pipeline shaping up in the upcoming quarters? A: We have seen significant improvement in deal closures and pipeline build-up, with opportunities across geographies and sub-verticals. We expect this trend to continue, driven by passenger cars, trucks, and off-highway vehicles, as well as collaborations with semiconductor companies. (Sachin Tikekar, President, Joint Managing Director, Executive Director) Q: Regarding the potential Honda-Nissan merger, do you foresee any risks to your existing work with Honda? A: We view the merger as a positive opportunity, potentially expanding our work with Nissan. We are a critical partner for Honda, and this merger could enhance our engagement with both companies. (Sachin Tikekar, President, Joint Managing Director, Executive Director) Q: How are you addressing the margin impact from the growth in ROW (Rest of World) geographies, which are typically lower margin? A: We do not see a negative impact on profitability from ROW growth. We are focusing on AI and automation to improve productivity and are shifting our revenue mix towards higher-margin areas like licenses and outcome-based revenues. (Kishor Patil, CEO, Co-Founder, Managing Director, Executive Director) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
