KPIT Technologies CEO, MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 12 Aug 2025, 29 fund houses

• To receive, consider and adopt the Audited Standalone Financial Statements for the Financial Year ended March 31, 2025, together with the reports of the Board of Directors and Auditors thereon.

  29 for0 against
• To receive, consider and adopt the Audited Consolidated Financial Statements for the Financial Year ended March 31, 2025, together with the report of the Auditors thereon.

  29 for0 against
• To declare a final dividend for the Financial Year ended March 31, 2025. [The Board has recommended final dividend of Rs. 6/- per equity share of Rs. 10/- each (at 60%) in addition to the interim dividend paid at Rs. 2.50/- per equity share of ₹ 10/- each (at 25%)]MoreLess

  29 for0 against
• To appoint a director in place of Mr. Anup Sable (DIN: 00940115), who retires by rotation and being eligible, offers himself for reappointment.

  29 for0 against
• To appoint a director in place of Mr. Chinmay Pandit (DIN: 07109290), who retires by rotation and being eligible, offers himself for reappointment.

  29 for0 against
• To appoint Dr. K. R. Chandratre, a Company Secretary in Whole-time Practice, as a Secretarial Auditor of the Company for a consecutive period of five years, from April 1, 2025, to March 31, 2030.

  29 for0 against

Mutual fund votes, meeting of 13 Jun 2025, 29 fund houses

• Approval for Authorisation to the Board of Directors of the Company to make investments, give loans, guarantees and security over & above limits prescribed under Section 186 of the Companies Act, 2013

  ›Against Angel One Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, HSBC Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance & Transparency Concern: Inadequate disclosures with regard to justification and recipients of the investments, loans, guarantees and security. Umbrella approval to cover any person/entity in the proposed limit.
  • Bank of India Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with the law. Governance & Transparency Concern: Inadequate disclosures w.r.t justification and recipients of the investments, loans, guarantees and security. Umbrella approval to cover any person/entity in the proposed limit.
  • Franklin Templeton Mutual Fund, HSBC Mutual FundA vote AGAINST this resolution is warranted due to lack of information.
  • PGIM India Mutual FundInadequate justification & disclosures; Umbrella approval being sought

  19 for10 against

Mutual fund votes, meeting of 14 Mar 2025, 26 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• TO APPROVE THE APPOINTMENT OF MR. RAMESH RASKAR (DIN: 10870313), AS AN INDEPENDENT DIRECTOR OF THE COMPANY FOR A PERIOD OF 3 (THREE) YEARS WITH EFFECT FROM JANUARY 29, 2025, TO JANUARY 28, 2028.

  26 for0 against
• TO APPROVE THE APPOINTMENT OF MR. NISHANT BATRA (DIN: 10913778), AS AN INDEPENDENT DIRECTOR OF THE COMPANY FOR A PERIOD OF 3 (THREE) YEARS WITH EFFECT FROM JANUARY 29, 2025, TO JANUARY 28, 2028.

  25 for0 against

Mutual fund votes, meeting of 20 Dec 2024, 27 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• To approve the appointment of Mr. Vijay Keshav Gokhale (DIN: 09134089), as an Independent Director of the Company for a period of 3 (three) years with effect from October 23, 2024 to October 22, 2027.

  27 for0 against
• To consider and approve raising of capital through issuance of equity shares or other eligible convertible securities for an amount up to INR 2,880 crores

  ›Against Groww Mutual Fund, Helios Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual Fund

  • Groww Mutual Fund, Helios Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundCompliant with law. Governance Concern: Significant dilution and no clarity regarding not opting for Rights Issue, no urgency for funds.

  18 for4 against

Mutual fund votes, meeting of 27 Aug 2024, 26 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2024, together with the reports of the Auditors and the Board of Directors thereon.

  23 for0 against
• To receive, consider and adopt the Audited Consolidated Financial Statements for the financial year ended March 31, 2024, together with the report of the Auditors thereon.

  ›Against Groww Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual Fund

  • Groww Mutual Fund, PGIM India Mutual FundUnqualified financial statements (except certain non-material remarks identified in CARO Report). Non-Compliant with Sec 136(1) of the Companies Act: Non-disclosure of the audited financial statements of 1 Subsidiary on the website of the Company
  • Zerodha Mutual FundNon-disclosure of financials of subsidiary on website.

  21 for3 against
• To declare final dividend for the financial year ended March 31, 2024. [The Board has recommended final dividend at Rs. 4.60/- per equity share of Rs. 10/- each (at 46%) in addition to interim dividend paid at Rs. 2.10/- per equity share of Rs. 10/- each (at 21%)]MoreLess

  24 for0 against
• To appoint a director in place of Mr. Sachin Tikekar (DIN: 02918460) who retires by rotation and being eligible, offers himself for reappointment.

  ›Against SBI Mutual Fund

  • SBI Mutual FundSachin Tikekar, 56, is promoter and co-founder of KPIT Technologies Ltd. He is designated as President and Joint Managing Director of KPIT Technologies Limited. He has attended all six board meetings held in FY24. SBIMF’s internal proxy voting guidelines do not allow us to vote in favour of promoter directors’ appointment/re-appointment if the board is not 50% independent both in number and spirit. We observe that there are 11 Board of Directors (BODs), out of which 6 are classified as independent directors and out of which 3 IDs are long tenured, due to long association with the erstwhile company and not serving any cooling period. Hence, the effective independence is assessed at 27%. We wish to clarify that we do not have any doubt about the competency of the directors. Our only concern is <50% independence on the board. This is why we do not support the resolution.

  23 for1 against
• To appoint a director in place of Mr. S. B. (Ravi) Pandit (DIN: 00075861) who retires by rotation and being eligible, offers himself for reappointment.

  ›Against Groww Mutual Fund, PGIM India Mutual Fund, SBI Mutual Fund, Zerodha Mutual Fund

  • Groww Mutual Fund, PGIM India Mutual FundCompliant with law. No concern on the merit of proposed appointee. Governance concern: Board Chairman related to ED.
  • SBI Mutual FundS. B. (Ravi) Pandit, 74, is promoter, co-founder and Non-Executive Chairperson, KPIT Technologies Limited. He has attended all the board meetings held in FY24. He is liable to retire by rotation. His reappointment is in line with the statutory requirements. SBIMF’s internal proxy voting guidelines do not allow us to vote in favour of promoter directors’ appointment/re-appointment if the board is not 50% independent both in number and spirit. We observe that there are 11 Board of Directors (BODs), out of which 6 are classified as independent directors and out of which 3 IDs are long tenured, due to long association with the erstwhile company and not serving any cooling period. Hence, the effective independence is assessed at 27%. We wish to clarify that we do not have any doubt about the competency of the directors. Our only concern is <50% independence on the board. This is why we do not support the resolution.
  • Zerodha Mutual FundGovernance concern: Board Chairman related to ED.

  20 for4 against
• To approve the continuation of Mr. S. B. (Ravi) Pandit (DIN: 00075861) to hold office beyond the age of 75 years, as a Non-executive Director and Chairman of the Board, liable to retire by rotation, with effect from March 29, 2025.MoreLess

  ›Against Groww Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual Fund

  • Groww Mutual Fund, PGIM India Mutual FundCompliant with law. No concern on the merit of proposed appointee. Governance concern: Board Chairman related to ED.
  • Zerodha Mutual FundGovernance concern: Board Chairman related to ED.

  21 for3 against

Mutual fund votes, meeting of 29 Aug 2023, 19 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2023, together with the reports of the Auditors and the Board of Directors thereon.

  19 for0 against
• To receive, consider and adopt the Audited Consolidated Financial Statements for the financial year ended March 31, 2023, together with the report of the Auditors thereon.

  19 for0 against
• To declare final dividend for the financial year ended March 31, 2023.

  19 for0 against
• To appoint a director in place of Mr. Kishor Patil (DIN: 00076190) who retires by rotation and being eligible, offers himself for reappointment.

  19 for0 against
• To reappoint M/s. BSR & Co. LLP, Chartered Accountants, Pune (FRN: 101248W/W-100022) as Statutory Auditors of the Company from the conclusion of 6th Annual General Meeting to be held in the year 2023 till the conclusion of the 11th Annual General Meeting to be held in the year 2028.MoreLess

  ›Against Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Invesco Mutual Fund, Kotak Mahindra Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund, WhiteOak Capital Mutual Fund

  • Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Bank of India Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund, WhiteOak Capital Mutual FundThe company proposes to reappoint BSR & Co for five years starting from the AGM of 2023. The audit fee proposed for FY24 is Rs. 9.5 mn excluding reimbursement of expenses and applicable taxes. BSR & Co. LLP were paid an audit fee of Rs 8.7 mn for FY23 excluding out-of-pocket expenses. BSR & Co LLP have been the auditors of erstwhile KPIT (pre-merger and demerger scheme with Birlasoft) since the AGM of 2013. Thus, given that the auditors have completed a term of ten years at the 2023 AGM, we do not support the reappointment.
  • Bandhan Mutual FundNon- Compliant: Statutory Auditor being appointed for more than 10 years. Governance concern: Prolonged Association with the Company.
  • Edelweiss Mutual FundRotation of auditor desirable
  • Invesco Mutual FundThe company proposes to reappoint BSR & Co for five years starting from the AGM of 2023. The audit fee proposed for FY24 is Rs. 9.5 mn excluding reimbursement of expenses and applicable taxes. BSR & Co. LLP were paid an audit fee of Rs. 8.7 mn for FY23 excluding outof-pocket expenses. BSR & Co LLP have been the auditors of erstwhile KPIT (pre-merger and demerger scheme with Birlasoft) since the AGM of 2013. Thus, given that the auditors have completed a term of ten years at the 2023 AGM, we do not support the reappointmentThe company proposes to reappoint BSR & Co for five years starting from the AGM of 2023. The audit fee proposed for FY24 is Rs. 9.5 mn excluding reimbursement of expenses and applicable taxes. BSR & Co. LLP were paid an audit fee of Rs. 8.7 mn for FY23 excluding outof-pocket expenses. BSR & Co LLP have been the auditors of erstwhile KPIT (pre-merger and demerger scheme with Birlasoft) since the AGM of 2013. Thus, given that the auditors have completed a term of ten years at the 2023 AGM, we do not support the reappointment
  • Kotak Mahindra Mutual FundNon-compliant with Section 139(2) of Companies Act, 2013 which states that statutory auditor cannot be appointed for more than two terms of five consecutive years. It also raises a governance concern. Hence voting against.
  • Nippon India Mutual FundProlonged Association

  8 for11 against
• To reappoint Mr. Anant Talaulicar (DIN: 00031051), as an Independent Director, not liable to retire by rotation, for a second term of five years with effect from January 16, 2024 to January 15, 2029.n

  ›Against Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Franklin Templeton Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, Kotak Mahindra Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund, Tata Mutual Fund, WhiteOak Capital Mutual Fund

  • Axis Mutual Fund, Bank of India Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund, Tata Mutual Fund, WhiteOak Capital Mutual FundAnant Talaulicar, 62, is a Part time Advisor and Lecturer at the SP Jain Institute of Management & Research. He has been on the board of the erstwhile KPIT Technologies (pre-merger and demerger scheme with Birlasoft) since August 2003. Therefore, we consider his aggregate tenure to be 20 years. We believe that the length of tenure is inversely proportionate to the independence of a director. We classify him as non-independent due to his long association (>10 years) with the company. The company must consider reappointing him as a Non-Independent Director.
  • Bandhan Mutual FundCompliant with law. Governance Concern: Prolonged Association with the Company.
  • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because the board independence norms are not met and Anant Talaulicar is a non-independent director nominee.
  • HSBC Mutual FundWe have concerns about insufficient independence on the board.We have concerns about the lack of independence of the Nomination and Remuneration Committee Chairs.We have concerns about insufficient independence on the Audit, Nomination and Remuneration committees.
  • Invesco Mutual FundAnant Talaulicar, 62, is a Part time Advisor and Lecturer at the SP Jain Institute of Management & Research. He has been on the board of the erstwhile KPIT Technologies (pre-merger and demerger scheme with Birlasoft) since August 2003. Therefore, we consider his aggregate tenure to be 20 years. We believe that the length of tenure is inversely proportionate to the independence of a director. We classify him as non independent due to his long association (>10 years) with the company. The company must consider reappointing him as a Non-Independent Director
  • Kotak Mahindra Mutual FundMr Anant Talaulicar, 62, has 4 decades of experience in project management and finance. He has served for leadership roles in the Cummins group for various positions and has helped the firm take many strategic decisions. His total association with the group including KPIT Technologies Ltd has been for 19 years. While no concern is identified with respect to his profile, his association with the group is already more than 10 years. Although, compliant with law, any director having association exceeding 10 years with the Company/ Group Company can be considered Non-Independent. Therefore his re-appointment as an independent director for a 2nd term of 5 years effective January 16, 2024, to January 15, 2029 is inversely proportionate to the independence of a director. Hence voting against.
  • Nippon India Mutual FundAssociation may adversely impact independence

  7 for12 against
• To reappoint Prof. Alberto Luigi Sangiovanni Vincentelli (DIN: 05260121), as an Independent Director, not liable to retire by rotation, for a second term of three years with effect from January 16, 2024 to January 15, 2027.MoreLess

  ›Against Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Franklin Templeton Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, Kotak Mahindra Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund, Tata Mutual Fund, WhiteOak Capital Mutual Fund

  • Axis Mutual Fund, Bank of India Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund, Tata Mutual Fund, WhiteOak Capital Mutual FundAlberto Luigi Sangiovanni Vincentelli, 76, is the Buttner Chair at the Department of Electrical Engineering & Computer Sciences, University of California, Berkeley. He is a Co-founder of Cadence and Synopsys. He has attended six out of seven of the board meetings held in FY23. He has been on the board of erstwhile KPIT Technologies (pre-merger and demerger scheme with Birlasoft) since April 2012. Therefore, we consider his aggregate tenure to be 11 years. We believe that the length of tenure is inversely proportionate to the independence of a director. We classify him as non-independent due to his long association (>10 years) with the company. The company must consider reappointing him as a Non-Independent Director.
  • Bandhan Mutual FundCompliant with law. Governance Concern: Prolonged Association with the Company.
  • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because the board independence norms are not met and Alberto Luigi Sangiovanni Vincentelli is a non-independent director nominee.
  • HSBC Mutual FundWe have concerns about insufficient independence on the board.We have concerns about insufficient independence on the Nomination and Remuneration committees.
  • Invesco Mutual FundAlberto Luigi Sangiovanni Vincentelli, 76, is the Buttner Chair at the Department of Electrical Engineering & Computer Sciences, University of California, Berkeley. He is a Co-founder of Cadence and Synopsys. He has attended six out of seven of the board meetings held in FY23. He has been on the board of erstwhile KPIT Technologies (pre-merger and demerger scheme with Birlasoft) since April 2012. Therefore, we consider his aggregate tenure to be 11 years. We believe that the length of tenure is inversely proportionate to the independence of a director. We classify him as non-independent due to his long association (>10 years) with the company. The company must consider reappointing him as a Non-Independent Director
  • Kotak Mahindra Mutual FundProf. Alberto Luigi Sangiovanni Vincentelli, 76, is the cofounder of Cadence and Synopsys. He has worked in leadership positions for many global companies. His total association with the group including KPIT Technologies Ltd has been for 11 years. While no concern is identified with respect to his profile, his association with the group is already more than 10 years. Although, compliant with law, any director having association exceeding 10 years with the Company/ Group Company can be considered Non-Independent. Therefore his re-appointment as an independent director for a 2nd term of 3 years effective January 16, 2024, to January 15, 2027 is inversely proportionate to the independence of a director. Hence voting against.
  • Nippon India Mutual FundAssociation may adversely impact independence

  7 for12 against
• To reappoint Mr. B V R Subbu (DIN: 00289721), as an Independent Director, not liable to retire by rotation, for a second term of two years with effect from January 16, 2024 to January 15, 2026.

  ›Against Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Franklin Templeton Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, Kotak Mahindra Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund, Tata Mutual Fund, WhiteOak Capital Mutual Fund

  • Axis Mutual Fund, Bank of India Mutual Fund, Invesco Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund, Tata Mutual Fund, WhiteOak Capital Mutual FundB V R Subbu, 69, is former President, Hyundai Motors India. He has attended all the board meetings held in FY23. He has been on the board of erstwhile KPIT Technologies (now Birlasoft) since April 2013. Therefore, we consider his aggregate tenure to be 10 years. We believe that the length of tenure is inversely proportionate to the independence of a director. We classify him as non-independent due to his long association (>10 years) with the company. The company must consider reappointing him as a Non-Independent Director.
  • Bandhan Mutual FundCompliant with law. Governance Concern: Prolonged Association with the Company.
  • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because the board independence norms are not met and B V R Subbu is non-independent director nominee.
  • HSBC Mutual FundWe have concerns about insufficient independence on the board.We have concerns about insufficient independence on the Audit committee.
  • Kotak Mahindra Mutual FundMr B V R Subbu, 69, has industry expertise in management with experience over 4 decades. He is an automotive industry expert and was the former president of Hyundai Motors India. In his early career, he was extensively involved with Tata Motors holding various responsibilities in Tata Motors Commercial Vehicles and Multi Utility Vehicles businesses. His total association with the group including KPIT Technologies Ltd has been for more than 10 years. While no concern is identified with respect to his profile, his association with the group is already more than 10 years. Although, compliant with law, any director having association exceeding 10 years with the Company/ Group Company can be considered Non-Independent. Therefore his re-appointment as an independent director for a 2nd term of 2 years effective January 16, 2024, to January 15, 2026 is inversely proportionate to the independence of a director. Hence voting against.
  • Nippon India Mutual FundAssociation may adversely impact independence

  7 for12 against
• To approve the appointment Mr. Srinath Batni (DIN: 00041394), as an Independent Director, not liable to retire by rotation, pursuant to sections 149 and 152 of the Act, for a period of five years from July 25, 2023 to July 24, 2028.MoreLess

  19 for0 against
• To reappoint Mr. Kishor Patil (DIN: 00076190) as Chief Executive Officer (CEO) and Managing Director of the Company, for a further period of five years with effect from January 16, 2024 to January 15, 2029.MoreLess

  ›Against Nippon India Mutual Fund

  • Nippon India Mutual FundProposed under Ordinary Resolution

  18 for1 against
• To reappoint Mr. Sachin Tikekar (DIN: 02918460) as Joint Managing Director (Whole-time) of the Company, for a further period of five years with effect from January 16, 2024 to January 15, 2029.

  ›Against Nippon India Mutual Fund

  • Nippon India Mutual FundProposed under Ordinary Resolution

  18 for1 against
• To appoint Ms. Jayada Pandit, a relative of Directors of the Company, to hold an office or place of profit in the Company with effect from August 29, 2023.

  18 for0 against