KPIT Technologies Ltd — Regulatory Filings 2019

Nov 21, 2019

KP 11·

November 21, 2019

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 .

Scrip ID: KPITTECH Scrip Code: 542651

Kind Attn: The Manager, Department of Corporate Services

National Stock Exchange of India Ltd., Exchange Plaza, Cl 1, G Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400051.

Symbol: KPITTECH Series: EQ

Kind Attn: The Manager, Listing Department

Subject: Disclosure of Related Party Transaction for the half year ended September 30, 2019

Dear Sir/ Madam,

This is to inform you that pursuant to Regulation 23 (9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Disclosure of Related Party Transactions, on a consolidated basis for the year ended September 30, 2019.

Kindly take the same on your records.

Thanking you.

Yours faithfully,

For KPIT Technologies Limited (Formerly KPIT Engineering Limited)

eP.

Nida Deshpande Company Secretary & Compliance Officer

I KPI! Technologies Limited (Formerly KPIT Engineering Limited) Registered & Corporate Office: Plot No. 17, Rajiv Gandhi lnfotech Park, MIDC-SEZ Phase-Ill , Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India. ' CIN : L74999PN2018PLC174192 ·

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KP 11·

Related party disclosures

Relationship	A. Relationship between the parent and its subsidiaries· Name of related party		power held As at
		Country of Incorporation	30 September
Subsidiary Companies	KPIT Technologies (UK) Limited	United Kingdom	100
(Direct holding)	KPIT (Shanghai) Software Technology Co. Limited. China	China	100
	KPIT Technologies GK, Japan	Japan	100
	Impact Automotive Solutions Limited	India	100
	KPIT Technologies Holding Inc., USA (w.e.f from 06 September 2018)	United States of America	100
	MicroFuzzy KPIT Tecnologia Ltda, Brazil (w.e.f. 03 December 2018)	Brazil	99.9
	KPIT Technologies Pte. Ltd.(w.e.f.21 November 2018)	Singapore	100
	KPIT Technologies Netherlands B.V.	Netherlands	100
	Subsidiary Companies KPIT Technologies GmbH, Germany (Through KPIT Technologies (UK) Limited)	Germany	100
(Indirect holding)	MicroFuzzy lndustrie-Elektronic GmbH, Germany (Through KPITTechnologies GmbH, Germany)	Germany	90
	ThaiGerTec Co., Ltd (w.e.f 01 April 2019)	Thi land	98.37
	KPIT Technologies Inc., USA (Through KPIT Technologies Holding Inc., USA)(w.e.f 03 December 2018)	United States of America	100
Associate	Yantra Digital Services Private Limited, India (Through Impact Automotive Solutions Limited)	India	45

B. List of entities jointly controlled by a Group having joint control over the reporting entities:

Entities	jointly Birlasoft Limited (erstwhile KPIT Technologies Limited)	India
controlled by a Group
having joint	control Birlasoft Solutions Inc., USA (erstwhile KPIT lnfosystems Incorporated, USA) (w.e.f. 18 February 2019)	United States of America
over the	reporting Birlasoft Solutions France (erstwhile KPIT Technologies France)	France
entities	Sparta Consulting Inc., USA	United States of America
	Birlasoft Computer Corporation, USA (erstwhile SYSTIM E Computer Corporation) (w.e.f. 5 March 2019)	United States of America
	Birlasoft Solutions ME FZE (erstwhile KPIT lnfosystems M E FZE, United Arab Emirates)	United Arab Emirates
	Birlasoft Technologies Canada Corporation (erstwhile KPIT Technologies Corporation) (w.e .f. 22 February 2019)	Canada
	Birlasoft Solutions Ltda (erstwhile KPIT Technologies Solucoes Em Informatica Ltd a)	Brazil
	Birlasoft Solutions GmbH (erstwhile KPIT Solutions GmbH)	Germany
	KPIT lnfosystems Mexico, SA DE C.V. ( w.e.f 25 October 2018)	Mexico
	Birlasoft Solutions Limited (erstwhile KPIT lnfosystems Limited (UK)) (w.e.f 18 April 2018)	United Kingdom

C. List of Key Management Personnel·

Key	Management Mr. S.B.(Ravi) Pandit	Executive Director*
Personnel (KMP)	Mr. Kishor Patil	Executive Director*
	Mr. Sachin Tikekar	Executive Director*
	Mr. Anant Talaulicar	Independent Director*
	Mr. B V R Subbu	Independent Director*
	Prof. Alberto Sangiovanni Vincentelli	Independent Director*
	Dr.Klaus Blickle	Non executive Director\$
	Mr. Nickhil Jakatdar	Independent Director*
	Ms. Shubhalakshmi Panse	Independent Director*
	Mr. Rohit Sa boo	Nominee Director*
	Mr.Rafi Maor	Addational Director#
	Mr. Vinit Teredesai	Chief Financial Officer*
	Ms. Nida Deshpande	Company Secretary*

*Appointed w.e.f. January16, 2019

\$ Resigned w.e.f May 15, 2019

Appointed w.e.f. Ocotber 23, 2019

D, List of other related parties with whom there are transactions:

Relative of KMP	Mr. Chinmay Pandit
	Ms. Jayada Pandit
Enterprise over which KMP have significant influence	KP Corporate Solutions Limited
	Proficient FinStock LLP
	Kirtane & Pandit LLP, Cha rtered Accountants, Pune

KPIT Technologies Limited (Formerly KPIT Engineering Limited) Registered & Corporate Office: Plot No. 17, Raj iv Gandhi lnfotech Park, MI DC-SEZ, Phase-Ill, Maan, Talu ka-Mulshi, Hinjaw ad i, Pu ne-411057, India. CIN: L74 999PN2018 PLC174192

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KPIT^.

Related party disclosures

E. Transactions with related parties

No.	Hansacuons with related parties Name of related party	For the year ended			For the year ended
		Amount of transactions during the period (₹ million)	Balance as on 30 September 2019 Debit/(Credit) (₹ million)	Amount of transactions during the period (₹ million)	Balance as on 31 March 2019 Debit/(Credit) $(3)$ million)
	Transactions with entities jointly controlled by a Group having joint control over the reporting entities*
$\mathbf{1}$	Birlasoft Limited (erstwhile KPIT Technologies Limited) Investment in equity	NIL		NIL
	Cancellation of equity on account of demerger	NIL	NIL	1.00	NIL
	Loan Taken	NIL	NIL	1,300.00
	Interest expense	NIL	NIL	48.51	NIL
	Loan Repayment	NIL	NIL	1,343.66
	Reimbursement of expenses (net)	(22.25)		435.02
	Sales	58.25		148.17
	Software service charges	NIL 17.45	10.49	380.81 312.54	(130.12)
	Other transactions pertaining to customer/vendor novation which are Advance received (net)	NIL		72.34
	Advance given (net)	0.57		NIL
$\overline{2}$	Birlasoft Solutions ME FZE. (erstwhile KPIT Infosystems ME FZE, United
	Software service charges	NIL		2.14
	Sales	NIL	(2.76)	1.20	(2.75)
	Reimbursement of expenses (net)	0.02		NIL
$\overline{3}$	Birlasoft Computer Corporation, USA Sales	0.01		1.05	(6.63)
	Software service charges	NIL		1.60
	Reimbursement of expenses (net)	(21.61)	(24.40)	NIL
	Other transactions pertaining to customer/vendor novation which are	(0.03)		NIL
$\overline{4}$	Birlasoft Solutions Limited (erstwhile KPIT Infosystems Limited (UK))
	Sales	NIL		27.65
	Advance given (net)	NIL	(54.22)	7.01	(45.01)
	Reimbursement of expenses (net)	(153.95)		29.52
5	Other transactions pertaining to customer/vendor novation which are	(1.09)		(192.75)
	Birlasoft Solutions ME FZE. (erstwhile KPIT Infosystems ME FZE, United Arab Emirates) Australia Branch
	Reimbursement of expenses (net)	(1.75)	2.95	1.09	4.79
6	Birlasoft Solutions Inc., USA
	Sales	2.40		286.52
	Software service charges	NIL	552.44	154.68	522.27
	Other transactions pertaining to customer/vendor novation which are Reimbursement of expenses (net)	6.82 (239.90)		1,495.98 188.48
$\overline{7}$	Birlasoft Solutions GmbH (erstwhile KPIT Solutions GmbH)
	Advance given (net)	0.74		NIL
	Sales	NIL	(239.69)	3.81	50.32
	Reimbursement of expenses (net)	(288.99)		34.58
8	Other transactions pertaining to customer/vendor novation which are Birlasoft Limited (erstwhile KPIT Technologies Ltd) (Singapore Branch)	(0.04)		NIL
	Sales	0.02		NIL
	Other transactions pertaining to customer/vendor novation which are	(0.00)	(0.27)	NIL	NIL
9	Birlasoft Solutions ME FZE. (erstwhile KPIT Infosystems ME FZE, United
	Reimbursement of expenses (net)	(0.57)	(1.08)	NIL	NIL
10	Birlasoft Technologies Canada Corporation (erstwhile KPIT Technologies
	Sales Software service charges	NIL NIL		6.55 1.69
	Other transactions pertaining to customer/vendor novation which are	NIL	(9.64)	(6.95)	0.35
	Reimbursement of expenses (net)	(7.50)		NIL
11	Sparta Consulting Inc., USA
	Payment towards purchase of investment in MicroFuzzy KPIT Tecnologia Ltda,	NIL		17.50	(8.85)
	Software service charges	NIL	(16.05)	3.21
	Other transactions pertaining to customer/vendor novation which are KPIT Technologies Limited (Formerly KPIT Engineering Limited)	(0.10)		NIL	$\Omega$ B
	Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India. CIN: L74999PN2018PLC174192			$0 + 91206770$ E info@kpit/cpt W kpit.com	$2 \mu m$

,~				KP 11·
	Name of related party J	For the year ended			For the year ended
'		Amount of transactions during the period (~ million)	Balance as on 30 September 2019 Debit/(Credit) (~ million)	Amount of transactions during the period (~million)	Balance as on 31 March 2019 Debit/(Credit) (~ million)
	Transactions with entities in associate/joint venture			I
1	Yantra Digital Services Private Limited, India Investment in equity shares Sale of com ponent Advance given (net) Loan given (provided for)	NIL NIL NIL 7.80	NIL NIL NIL	NIL 5.49 0.15 165.00	33.97 NIL (0.89)
		NIL	NIL	9.77	173.79
	Interest income on loan given
1	Transactions with Key Management Personnel Mr. S. 8. (Ravi) Pandit Short term employee benefit s Post employment benefit plans Rei mbu rsem ent of Expenses	24.56 0.69 NIL	NIL NIL NIL	3.05 0.34 0.21	NIL NIL (0.08)
2	Mr. Kishor Patil
	Short term employee benefits	20.89	NIL	3.02	NIL
	Post employment benefit plans	0.68	NIL	0.34	NIL
	Perquisit es	0.11	NIL	0.10	NIL
	Repayment of loan granted Interest income	3.22 0.42	8.59	1.56 0.25	11.80
	Reimbursement of expenses (net)	NIL	NIL	0.32	11.72
3	Mr. Sachin Tikekar Short term employee benefits	18.43	NIL	3.01	NIL
	Post employment benefit plans	0.22	NIL	0.11	NIL
	Reimbursement of expenses (net)	NIL	NIL	0.05	(0.05)
4	Mr. Anant Talaulicar Sitting Fees	0.15	NIL	0.02	NIL
	Commission	2.38	NIL	NIL	NIL
5	Mr. B V R Subbu
	Sitting Fees Com mission	0.13 2.38	NIL NIL	0.02 NIL	NIL NIL
6	Ms. Shubhalakshmi Panse
	Sitting Fees	0.08	NIL	0.02	NIL
	Commission	0.38	NIL	NIL	NIL
7	Mr. Rohit Saboo Sitt ing Fees	NIL	NIL	0.02	NIL
	Reimbursement of expenses (net)	NIL	NIL	0.06	NIL
	Commission	0.38	NIL	NIL	NIL
8	Nickhil Jakatdar
	Sitti ng Fees Comm ission	0.03 1.00	NIL NIL	NIL NIL	NIL NIL
9	Dr Klaus Blickle
10	Commission Prof. Alberto Sangiovanni Vincentelli	0.87	NIL	NIL	NIL
	Sitting Fees	0.03	NIL	NIL	NIL
	Commission	2.34	NIL	NIL	NIL
11	Mr. Vinit Teredesai
	Short t erm employee benefits	6.21	NIL	1.86	NIL
	Post employment benefit plans	0.13	NIL	0.06	NIL
12	Reimbursement of expenses (net) Ms. Nida Deshpande	NIL	NIL	0.21	NIL
	Short term employee benefits	1.07	NIL	0.42	NIL
	Post employment benefit plans	0.03	NIL	0.01	NIL
	Rei mbursement of expenses (net)	NIL	NIL	0.00	NIL

I KPIT Technologies Limited (Formerly KPIT Engineering Limited) . . .. . Registered & Corporate Office. Plot No. 17, RaJIV Gandhi lnfotech Park, M IDC- SEZ, Phase-Ill , Maan, Taluka-M u lshi, H i njaw adi, Pune-411057, Ind ia . CIN: L74999PN2018PLC774792

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E info@kpit.com

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KP 11·

No.	Name of related party		For the year ended		For the year ended
		Amount of transactions during the period (" million)	Balance as on 30 September 2019 Debit/ (Credit) ("million)	Amount of transactions during the period (" million)	Balance as on 31 March 2019 Debit/(Credit) ("million)
	Transactions with relative of Key Management Personnel
1	M r. Chinmay Pandit			I
	Short term employee benefits	2.54	NIL	0.91	NIL
	Post employment benefit plans	0.07	NIL	: 0.03	NIL
	Reimbursement of expenses (net)	NIL	NIL	0.12 I	0.02
2	Mrs. Jayada Pandit			I
	Short term employee benefit s	1.05	NIL	0.44	NIL
	Post employment benefit plans	0.03	NIL	0.01	NIL
	Al l t ra nsactions with these related parties are pri ced on an arm's lengt h basis.
	Transaction with enterprise over which KMP have significant influence
1	Kirtane & Pandit LLP, Chartered Accountants, Pune
	Profess ional fees paid	0.20	NIL	0.20	0.02
2	KP Corporate Solutions Limited
	Consu lting fees	1.90	NIL	NIL	NIL

For KPIT Technologies Limtied (Fon~ T Eng;nm;ng Um;tedl

M .Vini~ sai Chief Financial Officer

For KPIT Technologies Limtied (Formerly KPIT Enginerring Limited)

Nida Deshapnde Company Secretary

KPIT Technologies Limited (Formerly KPIT Engineering Limited) Registered & Corporate Office: Plot No. 17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India. CIN: L74999PN2018PLC174192

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