KPIT Technologies Promoter Ajay Bhagwat Sells 41,000 Shares in Open Market
Ajay Bhagwat, a promoter of KPIT Technologies, sold 41,000 equity shares (0.01%) through open market sale, reducing his stake from 0.85% to 0.84%. This follows an earlier acquisition by co-founder S.B. (Ravi) Pandit, who increased his stake from 0.36% to 0.37%. Both transactions were disclosed as per SEBI regulations. In Q2 FY2026, KPIT reported 4.40% year-on-year dollar revenue growth and 21.10% EBITDA margin. The company is focusing on AI-driven solutions and expanding into new verticals, while facing challenges due to client spending reprioritization. KPIT expects flat to marginally positive growth in Q3 FY2026, with more significant growth in Q4.

*this image is generated using AI for illustrative purposes only.
KPIT Technologies Limited has seen recent changes in its promoter shareholding. Ajay Bhagwat, a promoter of the company, disposed of 41,000 equity shares representing 0.01% of the company's total voting capital through open market sale on November 17, 2025. Following the transaction, Bhagwat's shareholding decreased from 0.85% to 0.84% of the company's total equity share capital of 27,41,43,808 shares.
This transaction comes in contrast to an earlier acquisition by co-founder S.B. (Ravi) Pandit, who had increased his stake in the company. Pandit had acquired 41,000 equity shares, raising his total stake from 989,306 shares (0.36%) to 1,030,306 shares (0.37%).
Disclosure and Regulatory Compliance
Both transactions were disclosed in accordance with the Securities and Exchange Board of India (SEBI) regulations for substantial acquisition of shares and takeovers. This transparency aligns with KPIT Technologies' commitment to keeping shareholders informed about significant changes in ownership.
Company Performance and Recent Developments
Financial Performance
In Q2 FY2026, KPIT Technologies reported:
| Metric | Value |
|---|---|
| Year-on-year dollar revenue growth | 4.40% |
| Constant currency revenue growth | 0.40% |
| EBITDA margin | 21.10% |
Strategic Initiatives
- The company is focusing on AI-driven solutions and expanding into new verticals such as off-highway vehicles, commercial vehicles, and potentially defense and micromobility sectors.
- KPIT has made strategic investments in companies like Helm.ai and completed the acquisition of Caresoft.
Market Challenges
- The company has faced some headwinds due to clients reprioritizing spending and delaying certain programs, particularly in areas like electrical systems and middleware.
Future Outlook
- KPIT expects flat to marginally positive organic growth in constant currency terms for Q3 FY2026, with more meaningful growth anticipated in Q4.
- The company aims to maintain its 21% EBITDA margin target for the full year.
These insider transactions occur against the backdrop of KPIT Technologies' ongoing strategic initiatives and market challenges in the automotive technology sector.
Historical Stock Returns for KPIT Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.41% | +3.27% | +8.94% | -4.52% | -13.62% | +1,064.38% |
















































