Stock Report

KPIT Technologies appoints Mr. Sachin Tikekar as Joint MD

Posted On : 2022-03-29 12:35:54( TIMEZONE : IST )

The Board of Directors of KPIT Technologies Limited, at its meeting held on March 28, 2022 has designated Mr. Sachin Tikekar, Whole-time Director (DIN: 02918460) as the Joint Managing Director of the Company, with effect from April 1, 2022. His remuneration and extended roles and responsibilities are within the overall framework of remuneration, roles & responsibilities approved by shareholders in Annual General Meeting held on August 28, 2019.

Mr. Kishor Patil, CEO and MD will continue to lead the overall business and operations of the company. Mr. Sachin Tikekar will continue to work with Mr. Kishor Patil and share responsibilities to drive growth and other corporate initiatives.

Mr. Sachin Tikekar is the Co-Founder and President of KPIT. He has been with the company since the beginning and has led and guided the company in different areas. In his current role, he is responsible for growing & nurturing strategic relationships with customers and partners.

Mr. Tikekar has served the company in a number of capacities. He has been President for KPIT in the US. He established the company's now deeply rooted presence in the US. He looks after global business development and geography operations of the company He has been in past the Chief People & Operations Officer with responsibility for imbibing KPIT culture in the organization, accelerating learning opportunities for employees globally and fostering innovation in attracting, nurturing and retaining talent.

Over the years, he has spearheaded the successful integration of acquired entities within KPIT. Before joining KPIT, Sachin worked with US Sprint and Strategic Positioning Group.

He attended Temple University for Masters in Strategic Management and International Finance. As an ardent food lover, he dubs himself as Anthony Bourdain 2.0! He is a member of the World Wildlife Federation and pursues his fascination with wildlife and nature through traveling.

Shares of KPIT Technologies Limited was last trading in BSE at Rs. 574.40 as compared to the previous close of Rs. 591.60. The total number of shares traded during the day was 60439 in over 2950 trades.

The stock hit an intraday high of Rs. 596.45 and intraday low of 571.40. The net turnover during the day was Rs. 34808879.00.