Birlasoft [BSE:532400, NSE:BSOFT], part of the USD2 billion diversified CKBirla Group, has completed its previously announced merger with the IT Services division of KPIT to create a new leader in the Enterprise Digital sector. The combined entity known as 'Birlasoft Limited' is a mid-tier ~USD500 million company, listed on the Indian stock exchanges as BSOFT.This strategic coming together of two respected IT companies, will fuel innovation and provide substantial benefits to the customers and partners, as it combines Domain, Enterprise and Digital Technologies to deliver Transformative solutions.
Amita Birla, Chairman, Birlasoft & Joint Chairman, the CK Birla Group, said, "Our businesses are highly complementary and strategic. By combining the tremendous strength of KPIT'sIT business, particularly in SAP, Oracle, JOE and other related areas of manufacturing with Birlasoft's core strengths in Custom Application Development and Maintenance in Digital, Sales Force, Data Analytics and Testing, combined with leading edge Consulting capability, we are now poised to deliver a much wider suite of capabilities. 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),Communications, Consumer Packaged Goods, Energy, Life Sciences & Manufacturing."
Commenting on the development, Anjan Lahiri, Managing Director and Chief Executive Officer, Birlasoft said, "Digital transformation is profoundly changing the way enterprises are run today as companies look to create business networks of the future and deliver realtime value to their customers. With our sizeable installed base of customers, Birlasoft is uniquely positioned to help customers unlock their digital potential." He further stated that "Our employees have been the DNA of our success and we're excited to merge the talent, experience, and capabilities of both teams."
From a client perspective Birlasoft's award winning ERP expertise, coupled with the capability in Product Lifecycle Management, Analytics, RPA (Robotic Process Automation), Digital Portals, User Experience, IoT, Cloud plus Digital Transformation & Advisory services will enable them to drive optimal business outcomes. Birlasoft was previously named as Partner of the Year in Customer Experience by SAP for 2019 and named one of the Top 20 Oracle AMS providers by Gartner.
Dharmender Kapoor, Chief Operating Officer, Birlasoft who has been instrumental in navigating the growth of Birlasoft and also the integration process adds, "If one looks at the portfolio of clients, capabilities and offerings, there is very little overlap between both entities. We have created a unique blend and strength of enterprise solutions and digital capabilities that will enable clients digitalize and transform their systems through multiple interventions such as customer experience, connected devices, predictive analytics through automation and machine learning."
Shares of Birlasoft Limited was last trading in BSE at Rs.105.2 as compared to the previous close of Rs. 103.85. The total number of shares traded during the day was 58106 in over 1308 trades.
The stock hit an intraday high of Rs. 106.8 and intraday low of 104.1. The net turnover during the day was Rs. 6120761.