Background: KPIT Technologies is leading product engineering and IT consulting partner with FY17 revenue of INR 33.2bn. In 3QFY18 revenue share amongst verticals: automotive & transportation (44.11%), manufacturing (28.99%) & Energy & Utilities (18.28%) and others (8.62%). It operates in five main business segments: Integrated Enterprise Solutions (26.8%), Product Engineering Services (38.95%), Product and Platform (3.84%), SAP (19.98%) and Digital Transformation (10.34%). KPIT derives 12.17% of its revenue from Cummins, which is the largest client. The company has 12,211 employees spread across more than 10 countries to cater services to 237 clients. The company's...