Pune based firm KPIT Technologies said it would bring less than 50% of its employees to the office in the long term. Currently, only 2% of KPIT employees are working from the office whose role does not allow working from home, and the remaining KPIT employees are WFH.
According to Sachin Tikekar, President, KPIT- “Currently only 2 percent of our employees are working from home. KPIT has plans to bring up to 20 percent of employees back to work starting from January, assuming things will improve.”
He also added that as per the current KPIT roadmap, this figure would not go over 50% in the long term. KPIT will place a more comprehensive work-from-home policy by the end of this year.
The company had about 6800 employees as of the end of the June quarter. The company primarily provides software solutions to automotive firms. Even when the Covid-19 pandemic continued, it expects to start growing again in the second half of the year.
KPIT reported a 9.1% year-on-year drop in revenues to $65.25 million, down 13.8% sequentially. KPIT has closed two massive deals in consecutive quarters now and remains optimistic about growth and gradual improvement. The company signed a $60 million deal for a five-year engagement with a leading automotive company and a system supplier for autonomous driving products.
It would also be putting in place a more comprehensive work-from-home policy by the end of the year.
KPIT Technologies Limited (KPIT Cummins Infosystems Ltd.) headquartered in Pune, Maharashtra, India, recently expanded its presence in Europe and opened a new Software Engineering Center in Munich, Germany.This new center act as KPIT’s largest global software integration and technology center.
Two charted accountant by profession Ravi Pandit and Kishor Patil founded KPIT in Pune in 1990. In the year 2013, the company name changed to KPIT Technologies Limited and started focusing on its core business of engine and generator manufacturing.