Background: Incorporated in 1999, KPIT Technologies is a leading product engineering and IT consulting partner with FY14 revenues of USD 444mn and caters to automotive & transportation (35.3%), manufacturing (15.2%) & Energy & Utilities (39.6%) companies. It operates in three main business segments: Integrated Enterprise Solutions (39.9%), Automotive & Engineering (24.8%), SAP (24.7%) and Business Transformation Unit (10.6%). KPIT derives 16.7% of its revenue from Cummins, its largest client, which also holds stake (10.6%) in the company. The company has 9,296 employees spread across 10 countries to cater services to 195...