Back to feeds

Meet the man who left his father's CA firm and built a 45,000 CR company. 1. Coming from a modest Marathi family in Pune, Ravi Pandit had made everyone proud. After completing his CA, he got a chance to complete a master's at the prestigious MIT Sloan School of Management in the USA. But there was a problem. 🤔 2. His educational loan amounted to a payment of Rs 1 lakh annually, while his family income was just Rs 15,000. The 25-year-old Ravi took it upon himself and started working at Grant Thorton in Chicago, USA. After a year, he paid all the loans and came to India. 🙌 3. Ravi's father decade-old firm - Kirtane and Pandit Chartered Accountants, focused on all accounting services, but Kirtan knew that all accounting firms in the USA also focused on IT. In 1990 - he gathered two colleagues to start an IT-based consulting firm. KPIT Infosystems was born.🚀 4. Ravi started when competitors like TCS, Wipro and Infosys focused on offshore centres, while KPIT worked on-site software development services. And the idea worked. ✅ 5. KPIT scaled to a valuation of 43 CR with its IPO getting oversubscribed 50 times in the mega global IPO year of 1999, where 565 tech firms went for IPO in a single year. The market boomed but soon came crashing down. The Dotcom bubble busted in March 2000. 🔻 6. When people thought it was game over for Ravi, he came with a bang and strategically partnered with Cummins Infotech, the IT arm of engine giant Cummins India. With an 80-20 partnership in KPIT's favour, the new entity KPIT Cummins Infosystems focused on the automotive and manufacturing sectors. 👨‍🏭 7. With embedded software and digital transformation, it also enhanced its engineering capabilities by acquiring automotive electronics player, CG Smith in 2006. KPIT clocked a revenue of 870 CR in 2009 and crossed the 100 million dollar revenue mark. 💰 8.KPIT was scaling globally and operated in 10 countries. However, Cummins still contributed around 40% of revenues, and it wanted to focus on the core business of generators. Ravi had to think of something. 🤔 9. In 2013, he de-merged with Cummins. and changed the name to KPIT Technologies. He focused on mobility software products like REVOLO (hybrid electric vehicle tech) and Maximus Pro for two-wheelers. It touched revenues of 1399.88 CR in 2018, and another opportunity came. 👇 10. On 29th January 2018, KPIT Technologies merged with CK Birla's IT firm, Birlasoft, to create a combined entity worth 4500 CR and then de-merged and split into two publically traded entities - Birlasoft (IT) and KPIT (Automotives) worth 1300 CR and 3200 CR respectively. 📉 11. Today, KPIT clocks revenue of 4,871 CR and works with BMW, Honda, Ford, Renault and General Motors. It has over 13,000 employees serving clients across 25 nations and is worth 49,500 CR. 💪 ➡️ But the best part is that Ravi Pandit still works from 9 am to 9:30 pm and trains new employees at his company daily. 🙏