Stock Analysis: Birlasoft Limited
Birlasoft Limited is a part of the C.K. Birla group and was incorporated in 1995. Birlasoft is chaired by Mrs Amita Birla, wife of Mr CK Birla, who is also one of the directors in the company. Birlasoft is a global provider of IT solutions, services and consulting with operations across globally. Birlasoft provides various digital and IT-related services to its client in the areas of software development, package implementation, application management and testing domain, enterprise and digital technologies.
Merger 2019:
KPIT , a well-established technology company with deep expertise in Auto Engineering and Mobility Solutions, and strong presence in Business IT with significant ERP expertise and niche digital competency and, Birlasoft, a part of the USD 1.6 billion diversified CK Birla Group, announced in 2019 the merger of KPIT and Birlasoft, to create a USD 700+ million combined entity that will later demerge into two separate companies, focused on 'Automotive Engineering and Mobility Solutions' (the new KPIT Technologies) and 'Digital Business IT Services' (Birlasoft) respectively.