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KPIT buys majority stake in Belagavi based Vayavya Labs

Mar 11, 2020 by Editor 2 Comments

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KPIT global technology company with software solutions has entered into an Agreement with Vayavya Labs Private Limited based in Belagavi and its shareholders for acquiring a majority stake in Vayavya Labs.

Vayavya Labs is a Belagavi based company co-founded by RK Patil, Venugopal Kolathur, Parag Naik and Uma Bondada in 2006.

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Vayavya Labs has a Turnover – INR 91.34 Million as of March 31, 2019. Expected Turnover – FY20 INR 140 – 150 Million. The proposed acquisition of VL will give KPIT a head start in the field of Simulation and embedded software automation, across the focus practices of KPIT. It will also help in creating a differentiated positioning and a definite early mover advantage in newer opportunities in the areas of simulation.

The total consideration for the 100% stake will not exceed INR 418 Million. Initially, a 78.47% stake is proposed to be purchased for a consideration of INR 245.6 Million. The balance stake is proposed to be acquired over a period of 2 years. 78.47% Upfront and balance 21.53% over a period of 2 years.

 

VL is an Indian company currently employs 70+ people having its development centers in Belgaum and Bengaluru. For FY2020, VL is expected to have revenues of around IN R 140 – 150 Million with EBITDA of 15%+. The proposed deal will be EPS accretive day 1.


Vayavya Labs are pioneers & industry leaders in Hardware-Software Interface™ (HSI™) Tools & Methodologies. We provide embedded software expertise across Automotive, EDA, Semiconductors, and Communications verticals. It holds 11 patents covering EDA/ESL, Embedded SW and SW Automation domains. They have been delighting customers for the past 12 years by our work, our dedication, focus and desire to excel, to be the best we can, delivering solutions that not only meet but also exceed their expectations.

VayavyaLabs-LogoKPIT is a global technology company with software solutions that will help mobility leapfrog towards autonomous, clean, smart and connected future. With 6000+ Automobelievers across the globe, specializing in embedded software, AI & Digital solutions, KPIT enables customers accelerate implementation of next generation mobility technologies . With development centers in Europe, USA, Japan, China, Thailand and India – KPIT works with leaders in mobility and is present where the ecosystem is transforming.

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Comments

  1. Ravi says

    Mar 12, 2020 at 5:56 PM

    Fantastic news. Belgaum on International map now. Good luck guys.

    Reply
  2. Sandeep Hegde says

    Mar 11, 2020 at 6:35 PM

    Congratulations to Vayavya Team!

    Reply

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