Birlasoft, a part of the diversified CK Birla Group, Tuesday said it has completed the planned merger with the IT services division of KPIT.
The combined entity BirlasoftNSE 0.25 % Limited is a mid-tier USD 500 million (approximately Rs 3,478.88 crore) company listed on the Indian bourses, the company said in a statement.
The merger will “fuel innovation and provide substantial benefits to the customers and partners, as it combines domain, enterprise and digital technologiesNSE 2.24 % to deliver transformative solutions,” the statement said.
The integration would enable the company to deliver a wider suite of capabilities, Amita Birla, Chairman, Birlasoft and Co-Chairman, CK Birla Group said.
“Birlasoft began its most recent transformative journey by adding competence and capability to its leadership team four years ago, and now as a result of this merger, we will have significant enterprise digital capability in automotive, banking (BFSI), communicationsNSE 0.09 %, consumer packaged goods, energy, life sciencesNSE 1.38 % and manufacturing, Birla said.