KPIT Technologies Ltd — Regulatory Filings 2019

Jun 14, 2019

June 14, 2019

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

Scrip ID: KPITTECH Scrip Code: 5426 51

Kind Attn: The Manager, Department of Corporate Services

National Stock Exchange of India Ltd., Exchange Plaza, C/ 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 year ended March 31, 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 March 31 , 2019.

Kindly take the same on your records.

Thanking you.

Yours faithfully,

For KPIT Technologies Limited (Formerly KPIT Engineering Limited)

Nida Deshpande Company Secretary & Compliance Officer

KPIT Technologies Limited (Formerly known as KPIT Eng1neenng Limited)

Corporate and Registered Office: SEZ Unit, Plot· 17, Rajiv Gandhi lnfotech Park. MIDC-SEZ, Phase-Ill, Maan, Taluka-Mulshi, Hinjawadi, Pune -411057 T: +91 20 6770 6000/6500 I kpitin@kpit.com I www.kp1t.com I CIN: U74999PN2018PLC174192

Related party disclosures

A. Relationship between the parent and its subsidiaries

		1% votina cower held' As at 31 March 2019
Sr. No	Name of the subsidiary
	Direct subsidiaries
1	KPIT Technoloaies /UK\ Limited	100
2	KPIT /Shanahai\ Software Technology Co. Limited	100
3	KPIT Technoloaies Netherlands B.V	100
4	lmoact Automotive Solutions Limited	100
5	KPIT Technoloaies Pte ltd. lw.e.f 21 November 20181	100
6	KPIT Technologies Holding Inc. (w.e.f. 06 September 2018)	100
7	MicroFuzzy KPIT Technologia L TOA, Brazil (w.e.f. 03 December 2018)	99.9
8	KPIT Technoloaies GK	100
	Indirect subsidiaries
9	GmbH, Germany (Subsidiary of KPIT KPIT Technologies Technologies (UK) Limited)	100
10	KPIT Technologies Inc (Subsidiary of KPIT Technologies Holding Inc. w.e.f. 03 December 2018\	100
11	Micro Fuzzy lndustrie-Elektronic GmbH (Subsidiary of KPIT Technologies GmbH, Germany)	87.5
	Joint venture
12	Yanira Diaital Services Private Limited*	45

• The investee is an associate as defined under section 2(87) of the Companies Act, 2013. For the purpose of the consolidated Ind-AS financial statements, the entity has been considered as a Joint Venture as defined under Ind-AS 28 : Investments in Associates and Joint Ventures.

B. List of entities jointly controlled bv a Group havinQ joint control over the reoortina entities

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1	Birlasoft Limited (erstwhile KPIT Technologies Limited\	India
2	Birlasoft Solutions Inc. (erstwhile KPIT lnfosystems Incorporated) 'w.e.f. 18 Februarv 2019\	United States of America
3	KPIT Technoloaies France	France
4	Soarta Consultino Inc.	United States of America
5	Birlasoft Computer Corporation (erstwhile SYSTIME Computer Corporation) (w.e. f. 5 March 2019)	United States of America
6	KPIT lnfosvstems ME FZE	United Arab Emirates
7	Birlasoft Technologies Canada Corporation (erstwhile KPIT Technologies Corporation) (w.e.f. 22 February 2019)	Canada
8	KPIT Technoloaies Solucoes Em Informatica ltda	Brazil
9	KPIT Solutions GmbH	Germany
10	KPIT lnfosvstems Mexico S.A. DE C.V. ( w.e.f 25 October 2018)	Mexico
11	KPIT lnfosvstems Limited <uk\ 18="" 2018)<="" april="" rw.e.f="" td="">	United Kinadom	United Kinadom

C. List of Kev Manaoement Personnel

1	Mr. S.B./Ravi\ Pandit	Executive Director•
2	Mr. Kishor Patil	Executive Director•
3	Mr. Sachin Tikekar	Executive Director •
4	Mr. Anant Talaulicar	lndeoendent Director•
5	Mr. B V R Subbu	Independent Director•
6	Prof. Alberto Sanaiovanni Vincentelli	lndeoendent Director•
7	Dr. Klaus Blickle	lndeoendent Director•
8	Mr. Nickhil Jakatdar	lndeoendent Director•
9	Mr. Shubhalakshmi Panse	lndeoendent Director•
10	Mr. Rohit Saboo	Nominee Director•
11	Mr. Vinit Teredesai	Chief Financial Officer•
12	Ms. Nida Deshoande	Comoanv Secretarv•

• (w.e.f. 16 January 2019)

KPIT Technologies Limited (Formerly known as KPIT Engineering Limited)

Corporate and Registered Office: SEZ Unit, Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Taluka-Mulsh1, Hinjawadi, Pune - 411057 T: +91 20 6770 6000/6500 I kpitin@kpit.com I www.kpitcom I CIN: U74999PN2018PLC174192

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	Sr. No. Name of Related party	For the period from 1 April 2018 to 31 March 2019		For the period from 8 January 2018 to 31 March 2018
		Amount of transaction s during the period (? million)	Balance as on 31 March 2019 Debit/(Credi t) (? million)	Amount of s during the period	Balance as on 31 March 2018 (? million) Debit/(Credi t) (? million)
	Transactions with related oarties*
1	Birlasoft Limited (erstwhile KPIT Technologies Limited)
	Investment in equitv	NIL		1.00
	Cancellation of equity on account of demerger I (Refer Note 44(3))	1.00	NIL	NIL	(1 .00)
	Loan taken	1 300.00		NIL
	Interest expense	48.51	NIL	NIL	NIL
2	Loan Repayment /includina interest)	1 343.66
	Sales	148.17		NIL
	Software service charaes	380.81
	Other transactions oertainina to customer/vendor	312.54	(130.12)		(2.51)
	Advance received /net)	72.34
	Reimbursement of expenses /net\	435.02
	Birlasoft Solutions Inc. USA
	Sales	286.52	522.27		NIL
	Software service charaes	154.68
	Reimbursement of excenses /net)	188.48 1 495.98
	Other transactions oertainina to customer/vendor Soarta Consultina Inc. USA
3	Payment towards purchase of investment in MicroFuzzy KPIT Tecnologia Ltda, Brazil	17.50	(8.85)	NIL	NIL
	Software service charaes	3.21		NIL
4	Birlasoft Computer Corooration USA
	Sales	1.05	(6.63)	NIL	NIL
	Software service charaes	1.60
5	Birlasoft Technoloaies Canada Corporation			transaction NIL NIL NIL NIL 2.51 NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL
	Sales	6.55			NIL
	Software service charaes	1.69	0.35
	Other transactions certainina to customer/vendor	(6.95)
6	KPIT lnfosvstems Limited (UK)
	Sales	27.65			NIL
	Reimbursement of expenses /net\	29.52 7.01	(45.01)
	Advance qiven (net) Other transactions certainino to customer/vendor	1192.751
	KPIT Solutions GmbH
7	Sales	3.81			NIL
	Reimbursement of excenses (netl	34.587	50.32
8	KPIT lnfosvstems ME FZE /Korea branch)
	Software service charaes	2.14	(2. 75)		NIL
	Sales	1.20
9	KPIT lnfosvstems ME FZE {Australia branchl
	Reimbursement of exoenses (net)	1.09	4.79		NIL

KPIT Technologies Limited (Formerly known as KPIT Engineering Limited)

Corporate and Registered Office: SEZ Unit, Plot-17, Rajiv Gandhi lnfotech Park, MIOC-SEZ, Phase-Ill, Maan, Taluka-Mulshi, Hinjawadi, Pune - 411057 T: +91 20 6770 6000/6500 Ikpitin@kpit.comIwww.kpit.com I CIN: U74999PN2018PLC174192

No.	Name of Related party	For the period from 1 April 2018 to 31 March 2019			For the period from 8 January 2018 to 31 March 2018
		Amount of transactions during the period (f million)	Balance as on 31 March 2019 Debit/(Credit) (f million)	Amount of transactions during the period (f million)	Balance as on 31 March 2018 Debit/(Credit) (f million)
	Transactions with Kev Manaaement Personnel
1	Mr. S. B. (Ravi) Pandit
	Short term employee benefits	3.05	NIL	NIL	NIL
	Post employment benefit plans	0.34	NIL	NIL	NIL
	Reimbursement of Exoenses	0.21	(0.08	NIL	NIL
2	Mr. Kishor Patil
	Short term employee benefits	3.02	NIL	NIL	NIL
	Post employment benefit plans Perquisites	0.34 0.10	NIL NIL	NIL NIL	NIL NIL
	Repayment of loan granted	1.56		NIL
	Interest received	0.25	11 .80	NIL	NIL
	Reimbursement of exoenses Inell	0.32	11.72	NIL	NIL
3	Mr. Sachin Tikekar
	Short term employee benefits	3.01	NIL	NIL	NIL
	Post employment benefit plans	0.11	NIL	NIL	NIL
	Reimbursement of exoenses Inell	0.05	I0.051	NIL	NIL
4	Mr. Anant Talaulicar
	Sittino Fees	0.02	NIL	NIL	NIL
5	Mr. B V R Subbu Sittinci Fees		NIL	NIL	NIL
6	Ms. Shubhalakshmi Pansc	0.02
	Sittina Fees	0.02	NIL	NIL	NIL
7	Mr. Rohit Saboo
	Sitting Fees	0.02	NIL	NIL	NIL
	Reimbursement of exoenses Inell	0.06	NIL	NIL	NIL
8	Mr. Vinit Tcrcdesai Short term employee benefits		NIL	NIL	NIL
	Post employment benefit plans	1.86 0.06	NIL	NIL	NIL
	Reimbursement of exoenses Inell	0.21	NIL	NIL	NIL
9	Ms. Nida Deshpande
	Short term employee benefits	0.42	NIL	NIL	NIL
	Post employment benefit plans	0.01	NIL	NIL	NIL
	Reimbursement of exoenses Inell	0.00	NIL	NIL	NIL
	Transactions with relative of Kev Manaaement Personnel
1	Mr. Chinmay Pandit Short term employee benefits	0.91	NIL	NIL	NIL
	Post employment benefit plans	0.03	NIL	NIL	NIL
	Reimbursement of exoenses (nell	0.12	0.02	NIL	NIL
2	Mrs. Jayada Pandit
	Short term employee benefits	0.44	NIL	NIL	NIL
	Post emolovment benefit clans	0.01 Mana cment Personnel have si nificant influence	NIL	NIL	NIL
1	Transactions with enter rise over which Ke Kirtane & Pandit LLP
	Professional fees	0.20	0.02	NIL	NIL
T ransac f	'th . t /' . t tons w1 assoc1a e,iom ven ure
1	Yantra Digital Services Private Limited
	Investment In equity shares	NIL	33.97	NIL	NIL
	Sale of component	5.49	NIL	NIL	NIL
	Advance given	0.15	(0.89)	NIL	NIL
	Loan given	165.00	173.79	NIL	NIL
	Interest income on loan aiven	9.77		NIL	NIL

personnel and their relatives is not available.

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For KPIT Technologies Limited (Fo~ IT Eog;oeeriog Um;ted)

Nida Deshpande

Company Secretary & Compliance Officer

KPIT Technologies Limited (Formerly known as KPIT Engineering Limited) . . . .

Corporate and Registered Office: SEZ Unit. Plot-17, RaJtV Gandhi tnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Taluka-Mulsh1, HmJawad1, Pune _ 411057 T +91 20 6770 6000/6500 I kpitin@kpitcom I www.kp1t.com I CIN: U74999PN2018PLC174192 -------------,