KPIT Tech to focus on auto segment

Mumbai: KPIT Technologies, which will now focus on auto segment alone, is eyeing to up operating margins to 18 per cent in two years from the present 15-16 per cent, and maintain revenue growth, a top official said.

The Pune-based information technology company KPIT underwent a complex process wherein it first merged Birlasoft into itself, and the business got divided into two - Birlasoft which will focus on IT services and KPIT.

"We will continue to grow at 20 per cent as the automotive engineering vertical of the pre transaction KPIT, but increase the operating margin to 18 per cent in two years," KPIT Chairman Ravi Pandit said.

He said the margins presently stand at 15-16 per cent, but declined to give an exact number as the company is in its silent period before the announcement of results.