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. According to the original plan, the shareholders of Birlasoft would receive 22 shares of the combined company for every 9 shares they hold in Birlasoft, and the shareholders of KPIT Technologies would receive 1 share of the new company working under the name of KPIT Technologies, for every share they hold in KPIT Technologies. The IT company would work under the name of Birlasoft, and the automotive company will work under the name of KPIT Technologies. After the corporate spin-off of the new company, an IT company and an automotive company would be formed. In April 2018, this deal was approved by the Competition Commission of India. In January 2018, Birlasoft, an IT company, and KPIT announced that they will merge and immediately split into two new companies.
KPIT also announced that the addition of the word ‘Technologies’ will help set up itself as an expert in creating a technological edge through its portfolio of solutions and services.
In July 2013, the company announced that it has changed its name from 'KPIT Cummins Infosystems Ltd' to 'KPIT Technologies Limited' as part of its rebranding initiative. In 2002, Cummins Infotech, the IT department of Cummins merged with KPIT, and the name of the company became KPIT Cummins Infosystems Ltd. The company made its initial public offer (IPO) in 2019, which was 50 times oversubscribed. Both of them are chartered accountants by profession, and they were partners in an accountancy firm, Kirtane & Pandit Chartered Accountants (KPCA). KPIT was co-founded in 1990 by Ravi Pandit and Kishor Patil, as KPIT Infosystems. 5 Corporate Social Responsibility (CSR).3 Automotive and Mobilty Software Solutions from KPIT.
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