• Latest
  • Trending
KPIT to remain the fastest growing ER&D player in FY25

KPIT to remain the fastest growing ER&D player in FY25

16 June 2024
Bank of Baroda removes minimum balance charges to boost inclusive banking

Bank of Baroda removes minimum balance charges to boost inclusive banking

8 July 2025
Government receives ₹8,000 crore proposals for Electronics manufacturing

Government receives ₹8,000 crore proposals for Electronics manufacturing

8 July 2025
Covasant merges with konaAI and DCube to lead Global Agentic AI innovation | Company News

Covasant merges with konaAI and DCube to lead Global Agentic AI innovation | Company News

8 July 2025
IIT Madras launches Rs 200 crore VC fund to boost campus startups

IIT Madras launches Rs 200 crore VC fund to boost campus startups

8 July 2025
DCNT Global launches 3GWh battery storage plant in Pune

DCNT Global launches 3GWh battery storage plant in Pune

7 July 2025
Siemens enters collaboration with Microsoft to enhance IoT interoperability for buildings

Siemens enters collaboration with Microsoft to enhance IoT interoperability for buildings

7 July 2025
Boeing wins $2.8B ESS Satellite deal

Boeing wins $2.8B ESS Satellite deal

7 July 2025
Made in India toys go global as Piyush Goyal showcases industry turnaround

Made in India toys go global as Piyush Goyal showcases industry turnaround

7 July 2025
Cognizant among first to sign White House AI Education Pledge

Cognizant among first to sign White House AI Education Pledge

7 July 2025
BlackRock completes acquisition of HPS Investment Partners

BlackRock completes acquisition of HPS Investment Partners

6 July 2025
Gold vs Dollar reserves: Central banks shift strategy amid global uncertainty

Gold vs Dollar reserves: Central banks shift strategy amid global uncertainty

6 July 2025
HCLTech and Equinor expand digital collaboration

HCLTech and Equinor expand digital collaboration

6 July 2025
Tuesday, July 8, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result

KPIT to remain the fastest growing ER&D player in FY25

in Technology
Reading Time: 2 mins read
0
KPIT to remain the fastest growing ER&D player in FY25

DBT Bureau

Bengaluru, 16 June 2024

RelatedPosts

DCNT Global launches 3GWh battery storage plant in Pune

Tech Mahindra partners with Hanab for IT modernization post-carve out

Silicon Labs and Wirepas surpass 10 million chipsets, powering industrial IoT at scale

Engineering services firm KPIT, which specialises in the automotive space, is likely to remain the fastest-growing ER&D player in India as the company projects a revenue growth of 18-22% in the current financial year (FY25).

“Our constant currency revenue growth, we believe, should be in the range of 18% to 22% and an EBITDA margin of more than 20.5% (in FY25). Revenue growth will be broad-based across practices and geographies,” SB (Ravi) Pandit, Cofounder & Chairman of KPIT Technologies has said during the analyst call.

In the current financial year, the company would invest in technology areas like cross-practice offerings as well as AI adoption. Moreover, it would also focus on Asia as a geography to accelerate its growth further.

In FY24, the company posted a revenue growth of 39.1%, making it the fastest-growing engineering services firm in India. In absolute terms, KPIT’s revenue stood at $587 million.

“The growth was led by passenger car vertical although there was also a double-digit growth in the commercial vehicles as well. The growth was broad-based across multiple geographies, with Europe and Asia leading the growth,” the company has said.

According to the company, strategic accounts contributed to 85% of the total revenue for FY’24 as a whole, that translated into 44% year-on-year growth over the past year.

While passenger cars vertical contributed $453 million to the company’s top line, commercial vehicles contributed $111.5 million during the last financial year. The growth rate in the passenger cars vertical stood at 44% year-on-year as compared to the 11% reported in commercial vehicles.

Europe remained the biggest geographical contributor to KPIT’s top line with the company drawing $305.5 million, up 56.4% year-on-year basis. The company drew revenue of $180.85 million, a rise of 20.7% over the past year. Revenue from Asia grew 38% to $100.95 million during the last fiscal year.

Related Posts

DCNT Global launches 3GWh battery storage plant in Pune

DCNT Global launches 3GWh battery storage plant in Pune

by databiztimes.com
7 July 2025
0

DBT Bureau Pune, 7 July 2025 DCNT Global, a leader in innovative energy and data center solutions, announced that it...

Tech Mahindra partners with Hanab for IT modernization post-carve out

Tech Mahindra partners with Hanab for IT modernization post-carve out

by databiztimes.com
5 June 2025
0

DBT Bureau Pune, 5 June 2025 Tech Mahindra, a leading global provider of technology consulting and digital solutions to enterprises...

Silicon Labs and Wirepas surpass 10 million chipsets, powering industrial IoT at scale

Silicon Labs and Wirepas surpass 10 million chipsets, powering industrial IoT at scale

by databiztimes.com
4 June 2025
0

DBT Bureau Pune, 4 June 2025 Silicon Labs, the leading innovator in low-power wireless solutions, and Wirepas, a global leader...

Apple products transform care at Emory Healthcare | Company News

Apple products transform care at Emory Healthcare | Company News

by databiztimes.com
23 May 2025
0

DBT Bureau Pune, 23 May 2025 At Emory Hillandale Hospital in Lithonia, Georgia, Apple products are now the standard, marking...

Bank of Baroda removes minimum balance charges to boost inclusive banking
Media Release

Bank of Baroda removes minimum balance charges to boost inclusive banking

by databiztimes.com
8 July 2025
0

DBT Bureau Pune, 8 July 2025 Bank of Baroda, one of India’s leading public sector banks, has announced a significant...

Read moreDetails
Government receives ₹8,000 crore proposals for Electronics manufacturing
Economy

Government receives ₹8,000 crore proposals for Electronics manufacturing

by databiztimes.com
8 July 2025
0

Athira Sethu Kochi, 8 July 2025 The Indian government has initiated a new scheme to enhance the production of electronic...

Read moreDetails
Covasant merges with konaAI and DCube to lead Global Agentic AI innovation | Company News
Media Release

Covasant merges with konaAI and DCube to lead Global Agentic AI innovation | Company News

by databiztimes.com
8 July 2025
0

DBT Bureau Pune, 8 July 2025 In a landmark move set to redefine the enterprise AI landscape, Covasant Technologies Private...

Read moreDetails
IIT Madras launches Rs 200 crore VC fund to boost campus startups
Careers

IIT Madras launches Rs 200 crore VC fund to boost campus startups

by databiztimes.com
8 July 2025
0

Athira Sethu Kochi, 8 July 2025 The Indian Institute of Technology Madras (IIT Madras) is launching a large new initiative...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2024. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?