Heard, KPIT added two Chinese OEMs recently, anybody can confirm the area of engagement, size, and value if it is significant?
My personal view is even if the value is low, it is very important to gain Chinese OEMs, as Chinese OEMs will conquer the world market within no time.
is KPIT related anywhere?
This is good development for Indian companies in EV ford: Ford takes a U-turn on electric vehicles - Times of India
Fantastic results by KPIT !
Total deal won in this quarter - $125M !
Good results from KPIT! Clearly beat street estimates.
5.2% Q-o-Q revenue growth and 12.7% Q-o-Q PAT growth. Management projects 18-21% constant currency revenue growth and 18-19% EBITDA margins for FY23, bullish commentary.
I have a few tax accounting questions on KPIT. Looking forward to an accounting expert in helping answer these please 
Since listing, KPIT has on an average paid income taxes at the rate of 17-18%. This year that rate has climbed upwards of 20%. The FY21 annual report has this to say regarding reconciliation of taxes paid:
My questions:
KPIT working with Cochin Shipyard to develop hydrogen cell fueled shipping vessels.
Good interview
No wonder why a car / truck is going to have more lines of code than a aeroplane, very good documentary that explains how technology is used for the road safety.
Very good results. Revenue growth 6% QoQ and 23% YoY. Profit growth 8% QoQ and 41% YoY
Investor Update
New Engagements ( TCV of new engagements won during the Quarter : $ 155 million)
KPIT expands its team and global infra-structure footprint
The vehicle manufacturers are aiming to earn revenues over the life of the vehicle for sustainable growth. This change will be enabled by CASE and centralized architecture programs, essentially Software Driven Vehicles. KPIT is uniquely positioned as a software integrator, helping global OEMs accelerate this journey. We have started the year on a positive note with an all-round performance, with growth in-line with our plan and healthy margin expansion, despite cross-currency headwinds. We remain optimistic on the overall growth environment
Sustainable mobility: Council of Scientific and Industrial Research (CSIR) along with KPIT has launched the first indigenously built Hydrogen Fuel Cell bus
If we look clearly on the image, it is written SENTIENT Labs on the bus, not KPIT. But in the news it is mentioned as KPIT. As far as I know, KPIT is not into hydrogen bus business. It is done by Sentient labs which is another company in which Ravi Pandit is also a director. Not sure what are the financial advantages for KPIT. It is not clear. They are mixing Sentient Labs and KPIT name in various places. so it is getting difficult.
Annual report for last 2 years show some related party transactions between KPIT and Sentient Labs. I sent the below mail to investor relations to get this clarified. But they didnt respond to it.
Dear Sir/Madam,
I had asked a question during the AGM via writing. But it was not answered during the meeting. So I am asking the same question again via mail. It would be great if you could answer my question.
Can you please give some insight into the financial transactions between KPIT and Sentient Labs? For FY22 it was around 189.74 million as per the annual report page 220. For FY21 it was around 87.30 million (Annual report Page 315). It would be great if you could explain the expenses incurred for KPIT with respect to Sentient Labs. What are the financial benefits for KPIT in having this collaboration?
I am asking this especially because of this type of news coming in newspapers.
India's first indigenous Hydrogen fuel cell bus unveiled in Pune - Times of India
The news says it was developed by KPIT and CSIR. So I would like to actually know if it is really KPIT or Sentient Labs.
Can some one clarify the relationship between KPIT and Sentient Labs especially the financial benefits of this association for KPIT? I am wondering if they are trying to setup a new company using the money and name of KPIT.
FY21 Annual Report
FY22 Annual Report
Disclosure: Invested
Just googling I saw several results indicating that Sentient is a start-up incubated by KPIT. I presume then that it is a subsidiary or associate company of KPIT. Sentient Labs launches 1st indigenously developed hydrogen fuel cell bus | The Financial Express
As per this link: SENTIENT LABS PRIVATE LIMITED - Company, directors and contact details | Zauba Corp
The contact details for Sentient is :
which is also KPIT email id.
Based on bloomberg.com Nida is a senior employee of KPIT:
Sentient Labs is not a subsidiary or associate company of KPIT. If it is such a company it should be mentioned in annual report. But no mention of that.
As you posted, they are using resources of KPIT. Also it is giving money to Sentient Labs. But no clarification what will KPIT get in back for spending this resources and money.
Below is a video of Ravi Pandit where he clearly says KPIT and Sentient Labs are 2 separate companies:
This is a serious corporate governance issue then if listed company funds, management bandwidth is being used for some private foray of the management, or some pride project. If they believe in the product, this activity should happen in the listed entity. I hope you get a cogent reply from the company, and please let us know as well when you do.
What email did you write on? I also just mailed the IR head and the company secy.
Thank you for sending the mail. I had sent the mail to investor relations Sunil Phansalkar
Hopefully we get a proper reply. May be there is some agreement to get back some money in future when Sentient Lab is able to make profits. But we need to get this as a proper reply since it is not mentioned any where.
