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KPIT Cummins Info System Target 180
KPIT Cummins Infosystems (KPIT) is a niche IT services company providing engineering services and Business IT for
manufacturing companies apart from providing IT services to BFSI, Energy & Utilities and Defence and Government
corporations. KPIT’s expertise lies in the IT services it provides to Automotive Transportation and manufacturing sector
which accounts for ~76% -78% of its revenues.
The company has realized that dependence on few clients (mostly Auto & Manufacturing sector) may hurt its revenues
during downturn. As a result, it is developing new verticals and lines of business to diversify its revenues. Over last few
years, its share of non core business has increased to around 23% in FY11 and expected to be ~21-24% by FY13E.
Since the acquisition of Cummins InfoTech in 2002, the majority revenues of KPIT are from the Automotive vertical.
Cummins accounts for 23% of its total revenues.Stress on increasing service bouquet in automotive segment coupled with
emphasis from auto producers to provide technologically advanced services provides a huge opportunity for KPIT
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
KPIT Cummins Info System Target 180
KPIT Cummins Infosystems (KPIT) is a niche IT services company providing engineering services and Business IT for
manufacturing companies apart from providing IT services to BFSI, Energy & Utilities and Defence and Government
corporations. KPIT’s expertise lies in the IT services it provides to Automotive Transportation and manufacturing sector
which accounts for ~76% -78% of its revenues.
The company has realized that dependence on few clients (mostly Auto & Manufacturing sector) may hurt its revenues
during downturn. As a result, it is developing new verticals and lines of business to diversify its revenues. Over last few
years, its share of non core business has increased to around 23% in FY11 and expected to be ~21-24% by FY13E.
Since the acquisition of Cummins InfoTech in 2002, the majority revenues of KPIT are from the Automotive vertical.
Cummins accounts for 23% of its total revenues.Stress on increasing service bouquet in automotive segment coupled with
emphasis from auto producers to provide technologically advanced services provides a huge opportunity for KPIT
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