ET Intelligence Group: The business restructuring undertaken by KPIT Technologies offers value unlocking opportunity for investors. The Pune-based mid-tier software and engineering services company plans to merge its existing operations with BirlaSoft, an unlisted software company promoted by the CK Birla Group. The merged entity will then be split into two separate publicly listed entities. The first company, which will be named BirlaSoft, will focus on IT services and the second, KPIT Technologies, will deliver engineering services.
Latest financials of BirlaSoft are not available. According to the data from Captialine, it reported a revenue of Rs 478 crore in FY16 and net profit of Rs 68.8 crore. KPIT reported a revenue of Rs…
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