MOBILITY SOLUTIONS DRIVE KPIT'S PROFITS

The auto-focused software and engineering firm catapults to the top 10 in The Next 500 list as it bets on end-to-end architecture for global automakers.

- Rukmini Rao

IN 2019, KPIT TECHNOLOGIES restructured its operation, shunning its IT business to turn into a pure-play automotive engineering and mobility solutions company. And since then, it has grown from just over $71 million in revenue (Q4FY19) to $149 million (Q3FY24).

Kishor Patil, co-founder, CEO and MD, recalls a number of decisions taken to align with the new identity and area of work by the company. "We took a bet on the changes in the automotive industry, concentrating on the top 25 OEMs globally," says Patil.