NewswireToday - /newswire/ -
Pune, India, 2016/05/18 - KPIT Technologies, a global technology company specializing in IT consulting and product engineering, has been featured in the 'Thomson Reuters Top 50 Indian Innovators' list for the year 2015 - KPIT.com. BSE: 532400; NSE: KPIT
KPIT received this recognition for its commitment to preserve and promote a culture of innovation in India.
Thomson Reuters compiled the list of top 50 Indian innovators after researching and analyzing companies on select patent data based criteria. This recognition was conferred upon the most innovative organizations headquartered in India for their spirit of innovation as it forms a part of Indian patent portfolio. The world’s most trusted and authoritative value-added patent database, Derwent World Patents Index was used while conducting this analysis. In order to qualify for being featured in this list, companies had to meet the basic criteria of publishing at least 25 patents during the period 2010-2014.
To foster the spirit of innovation at every level in KPIT, the company has implemented several programs to stimulate discussions and actions about driving and co-creating innovative solutions. Recently, KPIT’s Smart Electric Bus technology was flagged off by Prime Minister Narendra Modi at the Indian Parliament. The company also has a specialized R&D Unit 'CREST' (Centre for Research in Engineering Science and Technology).
On receiving this award, Ravi Pandit, Co-founder, Chairman & Group CEO, KPIT said,“We are delighted and honored to be recognized as one of the top 50 Indian innovators in the ‘Thomson Reuters Top 50 Indian Innovators’ list for 2015. We ensure that our solutions are cleaner, greener and cost effective. This recognition has strengthened our commitment towards innovation. It further encourages us to continue our endeavours in finding groundbreaking solutions for a better world.”
The level of innovation of candidate companies were assessed using the following four metrics:
• Volume of patents: Volume of new inventions published in India during the analysis period;
• Grant success rate: Ratio of granted patents to all new inventions published during the analysis period;
• Extent of globalization: Number of new invention patents that have foreign (non-India patents) in their patent families;
• Influence of innovation: How often inventions are subsequently cited by other companies, excluding self-citations, leverages data from Derwent Patents Citation Index™ database.
KPIT (kpit.com) is a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy & Utilities and Life Sciences companies. Together with its customers and partners, it creates and delivers technologies to enable creating a cleaner, greener and more intelligent world that is sustainable and efficient.