Latest news with #Pune-headquartered
Economic Times
12 hours ago
- Automotive
- Economic Times
KPIT CEO calls for increased R&D, deeptech investments
ETtech Kishor Patil, cofounder and CEO, KPIT Technologies India needs to push investments into research and development in technology and deeptech, and boost quality exports to compete in the automotive sector, said Kishor Patil, cofounder and chief executive of mid-tier engineering and technology services firm KPIT Technologies.'If you look right now, the innovation index of India is still very extremely low; Rundefined educational reforms which are happening should help over time. And we have to build our exports…there quality will be key. It is headed in that direction but not what we need.' India's R&D expenditure as a percentage of GDP was around 0.7% in 2024, compared with 2.68% in China, as per a discussion paper by government think tank NITI Aayog. According to Patil, with the ongoing geopolitical conflicts, supply chain issues hurting China, and Europe and the US being slow markets due to tariffs and other macro factors, 'India is the only market which is growing and open. So, my view is, this is the time we have to really build a very strong ecosystem.'One of the strengths of China has been the ecosystem built with support from its government, he said, adding that in India, the government needs to push infrastructure and automotive-focused software services provider, KPIT has increased its own R&D investments to around 6-7% of revenue from 2-3% about five years ago, he the financial year ended March 2024, KPIT spent $13.53 million on R&D as compared to $9.6 million in the previous year, as per its annual report. The FY24 spending was around 2.3% of the revenue.'For KPIT, we have a 6-7% investment into R&D, typically around 2-4% is organic and inorganically it is 2-3%,' Patil said. The Pune-headquartered company made three investments in 2023-24, worth over Rs 400 crore (around $47 million). In May this year, KPIT said it acquired US-based Caresoft Global Technologies' Engineering solutions for up to $191 million to expand its business in the off-highway commercial vehicle segment. The company will increase investment in the off-highway commercial vehicle segment, he said. The Caresoft acquisition is for that, he said, adding that it will also open the China market for KPIT along with cost reduction to compete with China's automotive FY25, KPIT's revenue grew 18% to $691 is the company's fastest growing market is Asia, with an around 20% market share, he said. 'Europe and the US are similar over 30% each. But India, Japan and, this year, Europe look better for us.'Patil expects the three regions to be key growth areas for the company with technologies like cybersecurity, autonomous vehicles and artificial intelligence being integral to the deal pipeline worth $280 million that the company indicated during its FY25 results announcement. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. The bike taxi dreams of Rapido, Uber, and Ola just got a jolt. But they're winning public favour Second only to L&T, but controversies may weaken this infra powerhouse's growth story Punit Goenka reloads Zee with Bullet and OTT focus. Can he beat mighty rivals? 3 critical hurdles in India's quest for rare earth independence HDB Financial may be cheaper than Bajaj Fin, but what about returns? Why Sebi must give up veto power over market infra institutions These large- and mid-cap stocks can give more than 23% return in 1 year, according to analysts Are short-term headwinds from China an opportunity? 8 auto stocks: Time to be contrarian? Buy, Sell or Hold: Motilal Oswal initiates coverage on Supreme Industries; UBS initiates coverage on PNB Housing
Time of India
13 hours ago
- Automotive
- Time of India
KPIT CEO calls for increased R&D, deeptech investments
KPIT CEO Kishor Patil emphasised the need for India to boost R&D investment, foster deeptech innovation, and improve export quality to compete in the global automotive sector. Highlighting geopolitical shifts and India's growth potential, he called for stronger government support, citing KPIT's own rising R&D spend and global expansion efforts. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India needs to push investments into research and development in technology and deeptech, and boost quality exports to compete in the automotive sector , said Kishor Patil , cofounder and chief executive of mid-tier engineering and technology services firm KPIT Technologies 'If you look right now, the innovation index of India is still very extremely low; Rundefined educational reforms which are happening should help over time. And we have to build our exports…there quality will be key. It is headed in that direction but not what we need.'India's R&D expenditure as a percentage of GDP was around 0.7% in 2024, compared with 2.68% in China, as per a discussion paper by government think tank NITI to Patil, with the ongoing geopolitical conflicts, supply chain issues hurting China, and Europe and the US being slow markets due to tariffs and other macro factors, 'India is the only market which is growing and open. So, my view is, this is the time we have to really build a very strong ecosystem.'One of the strengths of China has been the ecosystem built with support from its government, he said, adding that in India, the government needs to push infrastructure and automotive-focused software services provider, KPIT has increased its own R&D investments to around 6-7% of revenue from 2-3% about five years ago, he the financial year ended March 2024, KPIT spent $13.53 million on R&D as compared to $9.6 million in the previous year, as per its annual report. The FY24 spending was around 2.3% of the revenue.'For KPIT, we have a 6-7% investment into R&D, typically around 2-4% is organic and inorganically it is 2-3%,' Patil Pune-headquartered company made three investments in 2023-24, worth over Rs 400 crore (around $47 million). In May this year, KPIT said it acquired US-based Caresoft Global Technologies ' Engineering solutions for up to $191 million to expand its business in the off-highway commercial vehicle company will increase investment in the off-highway commercial vehicle segment, he said. The Caresoft acquisition is for that, he said, adding that it will also open the China market for KPIT along with cost reduction to compete with China's automotive FY25, KPIT's revenue grew 18% to $691 is the company's fastest growing market is Asia, with an around 20% market share, he said. 'Europe and the US are similar over 30% each. But India, Japan and, this year, Europe look better for us.'Patil expects the three regions to be key growth areas for the company with technologies like cybersecurity, autonomous vehicles and artificial intelligence being integral to the deal pipeline worth $280 million that the company indicated during its FY25 results announcement.
Indian Express
2 days ago
- Business
- Indian Express
Southern Command unveils first geothermal net zero building in Jhansi
In a step towards building climate-conscious defence infrastructure, the Pune-headquartered Southern Command of the Indian Army on Thursday inaugurated the nation's first geothermal-based net zero energy building at Jhansi. The online inauguration of the infrastructure was done by Lieutenant General Dhiraj Seth, General Officer Commanding-in-Chief, Southern Command, at Pune, underscoring the Army's leadership in adopting advanced and green technologies. 'This innovative facility, constructed in less than four months, harnesses geothermal energy by exchanging heat with the earth to maintain a naturally balanced internal environment, significantly reducing external energy reliance. The project is a critical step in support of the government's goal of achieving carbon neutrality by 2047, with the building estimated to offset over 50 tonnes of CO₂ emissions annually,' read a press statement from the Army. 'The building's net zero energy credentials were independently assessed and validated by the National Institute of Technology (NIT) Calicut. The institute confirmed that the structure achieves complete annual energy neutrality through its integration of geothermal and solar systems, efficient design, and intelligent energy management, reinforcing its standing as a pioneering model in sustainable defence infrastructure,' the release added. Equipped with smart lighting and energy-efficient automation, including light and motion sensors and a solar rooftop system, the building is designed for minimal power consumption and sustained operations even in off-grid conditions, officials said. 'The project exemplifies the spirit of the Year of Technology Absorption, showcasing rapid construction, use of alternative materials, and integration of sustainable systems. It also sets a benchmark for future development of green buildings in remote and forward locations, where energy independence and environmental performance are mission critical requirements,' the release stated.
Indian Express
2 days ago
- Business
- Indian Express
Developed by Pune's ARDE and Bharat Forge: Close Quarter Battle carbine ready for frontline ops
A FULLY indigenous and highly effective system for counter-insurgency and counter-terrorism (CI/CT) operations, the Close Quarter Battle (CQB) carbine developed by the Pune-based facility of the Defence Research and Development Organisation (DRDO) and manufactured by Pune-headquartered Bharat Forge as development partner — is ready to be inducted into the Indian Army for frontline operations. The lightweight, compact and effective weapon system has been designed by the Pune based Armament Research and Development Establishment (ARDE) which is a key facility of Armament and Combat Engineering Cluster of the DRDO. A post on X by the DRDO read, 'Significantly boosting Atma Nirbharta in critical technology, 5.56×45 mm CQB Carbine, designed and developed by Armament Research and Development Establishment and produced by Bharat Forge Ltd selected as L1 in Indian Army Request for Proposal (RFP).' An RFP was initiated by the Ministry of Defence for procurement of more than 4.23 lakh units of the Close Quarter Battle carbines in November 2022. The CQB designed by ARDE and manufactured by the development partner, Bharat Forge Ltd was also fielded. Many other industries also fielded their respective products. After extensive performance evaluation and other quality and maintainability trials, five weapons were qualified. CQB carbine fielded by Bharat Forge Limited and designed by ARDE was the lowest bidder (L1), DRDO officials said. ARDE selected Bharat Forge Limited and Advanced Weapons and Equipment India Limited (AWEIL) — which is a government of India enterprise — through a competitive bidding process for development contracts and established the technology with both industry partners in a span of two years. The CQB weapons manufactured by both the industry partners had qualified in the RFP trials and Bharat Forge manufactured system emerged as the lowest bidder. The 5.56×45 mm CQB carbine is a light weight, compact, effective weapon for use in close combat CI/CT operations. The design of CQB carbine is based on the high strength steel alloy based machined upper and lower bodies with bottom opening configuration. The CQB carbine is designed to fire in-service 5.56×45 mm ammunition. One of the unique features is it can fire both the NATO ammunition and INSAS ammunition. The weapon weighs less than 3.3kg with an effective range of 200 meters. ARDE-Bharat Forge CQB is a 100 percent Make in India weapon, DRDO officials said. The carbine uses forged steel technology and metal injection moulding technology which makes it highly reliable and accurate. The weapon is equipped with a 30 round magazine with a very high rate of fire. The weapon was tested in all terrains, operating conditions and in temperature ranges from subzero to scorching heat conditions. 'It is a case of full synergy between the development agency and manufacturing agency which has led to the success of the product making the DRDO proud.' an officer said. ARDE has already developed a 7.62×51 mm Assault Rifle named Ugram, which means ferocious. Ugram's design is based on the CQB Carbine platform and has an effective range of 500 meters. This weapon is being manufactured by Hyderabad based Dvipa Defence India Pvt Ltd as a development partner. Sushant Kulkarni is a Special Correspondent with The Indian Express in Pune with 12+ years of experience covering issues related to Crime, Defence, Internal Security and Courts. He has been associated with the Indian Express since July 2010. Sushant has extensively reported on law and order issues of Pune and surrounding area, Cyber crime, narcotics trade and terrorism. His coverage in the Defence beat includes operational aspects of the three services, the defence research and development and issues related to key defence establishments. He has covered several sensitive cases in the courts at Pune. Sushant is an avid photographer, plays harmonica and loves cooking. ... Read More
Time of India
3 days ago
- Business
- Time of India
Building a better future: How Planedge Consultants is changing Indian real estate
End-to-end project management support Cost estimation Contract handling Feasibility studies Quality checks Safety protocol advisory Live Events Over 70 million sq ft of area managed, 52 million sq ft of live projects, 650 value-added service undertakings, and 250 projects delivered. This is just the tip of the iceberg for Pune-headquartered project management consultancy (PMC) PlanEdge Consultants Pvt Ltd, which is changing the game for MSMEs in the real estate in 2002, PlanEdge Consultants offers architects, small contractors, and local suppliers services ranging from 360-degree mapping to Building Information Modelling (BIM). This helps with remote project tracking, streamlines compliance, and quality monitoring in real time— in turn helping stakeholders bid for national-level is just one pillar of Planedge Consultants' strategy. Whether for residential, commercial, or government projects, the company also delivers:Such mentoring is critical for MSMEs that struggle with project delays, cost overruns, and quality issues due to lack of expertise. Comprehensive PMC services are also typically accessible to large developers or corporations with substantial budgets. In essence, PlanEdge Consultants has created a level playing field where competence, not size, decides has additional offices in Mumbai, Nasik, Nagpur, Devri, and Tirora and Devri, and a clientele that includes Hilton, Lotus Group, BMW, Welworth Realty, Kohinoor, and DMart. This portfolio demonstrates its ability to handle diverse project requirements, which has been crucial in building confidence among MSME clients that want to deliver enterprise-grade company's impact extends beyond individual projects. By providing reliable project management services, it has enabled numerous small businesses to expand operations, improve facilities, and enhance competitive positioning. Manufacturing MSMEs in particular have benefited from its expertise in designing and executing facility upgrades, factory expansions, and warehouse the PMC has transformed institutions such as cultural centres, schools, hospitals, and government buildings. This community-focused approach has created opportunities for local MSMEs to participate as subcontractors and suppliers in larger projects, creating a multiplier effect throughout the construction its efforts and achievements over the years, PlanEdge has received multiple honours including the Tally MSME Honours for Tech Transformation, the India SME 100 Awards, and MSME of the Year (Service) at the ET MSME Awards its consistent focus on delivering results with each project, Planedge Consultants has proven that professional project management can be a catalyst for MSME growth, transforming construction from a necessary expense into a strategic investment for business more winner vignettes of the ET MSME Awards , keep an eye on this space.
