KPIT TECHNOLOGIES

INTRODUCTION
KPITis an Indian multinational corporation headquartered in Pune, Maharashtra, India it is a
global technology company with software solutions that will help mobility leapfrog towards
autonomous, clean, smart and connected future. With 6000+ Automobelievers across the
globe, specializing in embedded software, AI & Digital solutions, KPIT enables customers
accelerate implementation of next generation mobility technologies. With development
centres in Europe, USA, Japan, China, Thailand and India – KPIT works with leaders in
mobility and is present where the ecosystem is transforming.
VISION
Reimagining mobility with customer for creation of a cleaner, smarter & safer world.

HISTORY

KPIT was co-founded in 1990 by Ravi Pandit and KishorPatil, as KPIT Info systems..

In 2002, Cummins InfoTech, the IT department of Cummins merged with KPIT, and the
name of the company became KPIT Cummins Info systems Ltd.

KPIT Cummins Info systems changed its name to "KPIT Technologies Limited" in
September 2013. This was in line with Cummins' decision to reduce its shareholding in
KPIT, to focus on its core business of engine and generator manufacturing.

In January 2018, Birla soft, an IT company, and KPIT announced that they will merge and
immediately split into two new companies. In April 2018, this deal was approved by the
Competition Commission of India. After the corporate spin-off of the new company, an IT
company and an automotive company will be formed. The IT Company will work under the
name of Birla soft, and the automotive company will work under the name of KPIT
Technologies. According to the original plan, the shareholders of Birla soft will receive 22
shares of the combined company for every 9 shares they hold in Birla soft, and the
shareholders of KPIT Technologies will get 1 share of the new the new company working
under the name of KPIT Technologies, for every share they hold in KPIT Technologies. In an
interview, Ravi Pandit, co-founder, chairman, and CEO of KPIT Technologies, commented
upon this deal, "Segregating business IT and automotive tech businesses will provide sharper
focus on each business.” On 22 April 2019, KPIT Technologies Limited got listed on BSE
and NSE. The transaction resulted in two publicly-traded specialized technology companies –
KPIT Technologies - focused on automotive engineering and mobility solutions; and Birla
soft – focused on IT services On 6 June 2019, KPIT launched its new corporate logo globally
as part of its new vision to become a global leader in automotive software.

Having run a Chartered Accountancy firm for close to a decade after finishing his master's
studies, Ravi decided to venture into Information Technology consulting and services, thus
setting up KPIT, with his co-founder, in 1990

Over the last 20+ years, KPIT, under Ravi's leadership, has combined its deep industry &
technology expertise, presence in relevant geographies and highly scalable delivery
infrastructure to enable clients expand their product development footprint, enhance
operational efficiencies and optimize processes.
Widely respected for integrity, innovation and dynamism, Ravi has successfully established
and grown partnerships with customers, partners and industry bodies, setting benchmarks in
corporate governance, regional cooperation and co-innovation. For his commitment to
conducting business in an ethical manner and for the value KPIT partnership has brought to
Cummins, Ravi was honoured with the J Irwin Miller Award of Excellence by Cummins.

The founder of KPIT has steered the Company toward achieving leadership position as
product engineering and IT consulting solutions and services provider, to three industries
namely automotive & transportation, manufacturing and energy & utilities. He has been
instrumental in shaping KPIT's vertical focus strategy and building a unique partnership
model based on the tenets of innovation and sustainable development.

As a start-up the vision of KPIT was like Reimagining mobility with you for creation of a
cleaner, smarter, safer world". The paradigm shift in mobility gives us an opportunity to think
afresh. We want to be a key participant in this shift to build a new world of mobility. We are
geared to achieve this by building platforms, tools, accelerators, innovative business models
and delivering across the globe will work with our customers, talent, mobility ecosystem and
partners to make this vision a reality."

What is Balance Score Card ?

A balanced scorecard is a strategic management performance metric used to identify and
improve various internal business functions and their resulting external outcomes. Balanced
scorecards are used to measure and provide feedback to organizations. Data collection is
crucial to providing quantitative results as managers and executives gather and interpret the
information and use it to make better decisions for the organization.

History:

The Balanced Scorecard (BSC) was originally developed by Dr. Robert Kaplan of Harvard
University and Dr. David Norton as a framework for measuring organizational performance
using a more BALANCED set of performance measures. Traditionally companies used only
short-term financial performance as measure of success. The “balanced scorecard” added
additional non-financial strategic measures to the mix in order to better focus on long-term
success. The system has evolved over the years and is now considered a fully integrated
strategic management system.While the phrase balanced scorecard was coined in the early
1990s, the roots of the this type of approach are deep, and include the pioneering work of
General Electric on performance measurement reporting in the 1950’s and the work of
French process engineers (who created the Tableau de Bord – literally, a "dashboard" of
performance measures) in the early part of the 20th century.

BSC Terminology: Strategic Objectives

Strategic Objectives are the continuous improvement activities that we must do to implement
strategy. The break down the more abstract concepts like mission and vision into actionable
steps. Actions that your organization take should be helping you achieve your strategic
objectives. Examples might include: Increase Revenue, Improve the Customer or Stakeholder
Experience, or Improve the Cost-Effectiveness of Our Programs.
 Character
istics of the Balanced Scorecard Model:
 Learning and growth are analyzed through the investigation of training and
knowledge resources. This first leg handles how well information is captured and how
effectively employees use the information to convert it to a competitive advantage
over the industry.

 Business processes are evaluated by investigating how well products are

manufactured. Operational management is analyzed to track any gaps, delays,
bottlenecks, shortages, or waste.

 Customer perspectives are collected to gauge customer satisfaction with quality, price,
and availability of products or services. Customers provide feedback about their
satisfaction with current products.

 Financial data, such as sales, expenditures, and income are used to understand
financial performance. These financial metrics may include dollar amounts, financial
ratios, budget variances, or income targets.

BALANCED SCORECARD FRAMEWORK:

The main perspective of alignment balance scorecard is strategy, Then, the strategy is
connected with five other perspectives which are organization structure,external environment
and customers,dominant system, information and growth and lastly internal processes.
These five perspectives are also connected with each other as well. The strategy is defined as
the plan of action designed to achieve the particular goal of a company.The strategy is setup
using external and internal environment.Based on the strategy, an organization can be
categorised as prospector,innovator and defender.
Prospectors: Prospectors are the one who have huge amount of financial capability and they
can bear any change in policies of an organization.
Innovators: Innovators are the one which conduct market analysis and customer research.
After research they decide which strategy they need to choose. There is no fund crisis or
internal crisis in case of innovators.
Defenders: Defenders basically focus more on their internal processes. These organizations
go through financial limitations and basically tend to focus more on the quality of the
product.
An Organizational structure defines the activities such as task allocation,
coordination and supervision which are focused on achieving the goals of an organization.
Organization should be efficient, flexible and innovative to achieve the competitive
advantage. There are again five components of organizational structure which are
formalization, specialization, standardization, work flow complexity and centralization.
The second perspective, external environment and customers. The parameters of external
environment that affect business are socio-political changes, labour force, hostility,
technological changes and heterogeneity of competitors The socio-political changes are the
ones which affect the market as a whole. Example- implementation of GST which affected
the business model of an organization. The labour force can be affected by the currency
difference or manpower changes. The technological changes include the changes at
machinery level or changes in material. The heterogeneity of competitors and hostility means
the imposition of variety of products in the market and price competition when the same kind
of products are there in the market. The third perspective of strategy is dominant system, in
any organization the various roles pertaining to various tasks are assigned to individual
departments.
The fourth perspective of strategy is information and growth.
Here, information refers to the facts and figures related to all the competitors in the market
and the growth refers to the strategy which the company is opting form defenders to
prospectors etc. The growth of an organization is also considered analysing sales of a
products manufactured by the company.
The fifth perspective of strategy is internalprocesses. These are restricted to one
organization within itself. These may or may not be universal and thus can lead to difference
in the operational behaviour of the firm. These include- formal procedures for internal
decision making, execution guidelines for changes and implementations, HR policies for the
employee welfare, outsourcing partners' information along with investors’ information.

KPIT is investing in training its employees on Udacity Nanodegree programs, also announces
scholarships for Udacity Self-Driving Car Engineer Nanodegree programs

Pune, November 05, 2018 : KPIT Technologies (BSE: 532400; NSE: KPIT) and Udacity, the
Silicon Valley-based lifelong learning platform, are partnering to upskill and build the
engineering talent ecosystem for autonomous technology, including self-driving cars and
autonomous flight.

KPIT is a global technology partner to OEMs and Tier1s – helping them accelerate the
implementation of next generation vehicle technologies including autonomous driving. The
autonomous driving space is witnessing rapid growth with adoption of new technologies and
demands new skills. Artificial Intelligence (AI), Machine Learning, deep learning and Big

Data are some of the key skills required. KPIT and Udacity partnership accelerates the
scalability required in these areas by providing training and competency in AI, Self-Driving
Car Engineering, Data Engineering.

Employee Training and upskilling has been a key focus area for KPIT. It has instituted
programs like PACE – to bridge industry academia gap in collaboration with universities,
GENESIS – to get employees project ready right after induction; HEI – a pioneering Higher
education initiative co-created & co-delivered with renowned universities; ECODE KAIZEN
– to provide continuous incremental training to make every employee upskill every day.
These programs play a key part in developing global scalability for KPIT’s customers.

KPIT and Udacity have forged a strategic partnership that will have KPIT invest in upskilling
employees with Udacity courses, which results in industry recognized certification. KPIT has
also announced and launched a program for several hundred scholarships for Self-Driving
Car Engineering Nanodegree program from Udacity.

“Partnerships with top employers like KPIT Technologies are essential to delivering on our
mission to democratize education,” said Sebastian Thrun, Founder & Executive Chairman of
Udacity. “Self-driving cars engineering is a field with incredible job opportunities and the
power to save lives. KPIT Technologies is bringing greater access to the field in India by
supporting skill-based education within and outside the company.” Sebastian added.

Mr. Kishor Patil, Co-founder, CEO & MD, KPIT Technologies, added, “While autonomous
systems and self-driving technologies are finding great reception in the US and Europe, their
impact on the larger mobility landscape of evolving economies such as India could be even
more significant. This association enables us to combine our deep domain knowledge of
automotive industry with Udacity’s world-class learning platform to enable our employees
with an unparalleled upskilling opportunity. Such collaborations will bring benefits to
industry as well students’ community to learn latest technologies. We are also pleased to
announce a scholarship program for self-driving car engineering program from Udacity.”

 WORK SYSTEM:

Working at KPIT means you are working for an INDIAN Automotive Part Supplier.
Now that might not sound cool to some, but trust me it is. How  many Indian
Companies you know from that list?

Still the Competition is globally with the like of Robert Bosch GmbH, Denso Corp,
Continental AG, Cummins inc. These are some of the biggest ball players in the park
and competing against them means to be on your toes 24X7.

Having said that, this globally  growing environment and good market conditions at
home provides an excellent opportunity for KPIT to thrive and flourish. Simple fact to
prove is that, from being only a service based company up-till a few years ago, KPIT
has recently ventured into launching it own line of automotive products.

The learning environment is great, and in abundance. At first a fresher might feel that
the pay package is low, but that is only a matter of time, as experience in  AUTOSAR,
Embedded technologies and SAP and other technologies opens an ocean of
opportunities in future.

Economically, the companies growth is on an all time high and experts have given a
thumbs up for investors to invest blindly.

All and all its a complete package of knowledge learning and gaining experiences in
the world of Automotive.