Pune - February 20, 2013: KPIT Cummins (BSE: 532400, NSE: KPIT), a leading product engineering and IT consulting partner to manufacturing, automotive and energy & utilities corporations, today announced that Kishor Patil, CEO & MD, has been named as a finalist for the Ernst & Young Entrepreneur of the Year (EOY) - India 2012 award. Apart from varied criterion such as entrepreneurial spirit, financial performance, strategic direction, innovation and personal influence and integrity, the independent jury selected the finalists based on the impact the nominee was delivering in terms of a significant contribution to India.
Kishor Patil, CEO & MD, KPIT Cummins said, "It is an honor to be selected as a finalist on behalf of KPIT Cummins. This award re-iterates our belief and passion to create value and deliver excellence to all our key stake-holders and create a significant impact in the India growth story."
A Chartered Accountant by profession, Kishor Patil has led KPIT Cummins to a leadership position in the industry. Over the last decade the company has grown from a base of $10-million revenue to $309 million in FY12. The Company has now embarked to reach the target of $1 billion revenue by 2017, a target Kishor plans to achieve faster than the initial $500 million revenue.
Hailing from a small town near Pune, Kishor started his career as a Chartered accountant in 1983. It was in 1990 that KPIT Infosystems was formed and by 1996 it entered the international market starting its first overseas operations in UK, followed by its first public issue. This made the company one of the fastest entrants into the stock exchanges and the issue was oversubscribed 42 times. Subsequently, to accelerate growth and expansion, Kishor spearheaded KPIT's inorganic growth strategy ensuring strategic partnerships with the merged companies and phenomenal growth within these entities.
The winners will be announced across several categories on 21 February, 2013. The Finalists for Ernst & Young Entrepreneur Of
Adi Godrej, Chairman, Godrej Group;
Amit Jatia, Vice Chairman, Hardcastle Restaurants India;
Chandu Chavan, Chairman and MD, Innoventive Industries;
Dr. Cyrus S Poonawalla, Chairman and MD, Serum Institute of India;
Dr. Devi Prasad Shetty, Chairman, Narayana Hrudayalaya Group of Hospitals;
Dhiraj C Rajaram, Founder, Chairman and CEO, MuSigma Business Solutions;
Francisco D'Souza, Vice Chairman, Cognizant Technology Solutions;
Kishor Patil, Co-Founder, MD and CEO; KPIT Cummins Infosystems;
Madan Mohan Mohanka, Chairman and MD, Tega Industries;
Dr. Naresh Trehan, Chairman and MD; Medanta - The Medicity;
Onkar S Kanwar, Chairman and MD, Apollo Tyres;
Rajesh Lihala, Chairman and Director; Fourcee Infrastructure Equipments
Romesh Sobti, MD and CEO, IndusInd Bank;
Santosh Varalwar, MD and CEO, Vivimed Labs;
T T Jagannathan, Chairman and MD, TTK Group;
V.S.S Mani, MD and CEO, Just Dial