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An unprecedented 102% growth by KPIT was due to a host of factors: the SAP
competence due to the $7 mn acquisition of Houston-based PANEX Consulting, was a
complement to KPIT's traditional Oracle expertise; diversification into
embedded and risk management added 15 new clients; and funding by Lehmann
Brothers and other FIIs. BFSI and manufacturing remained strong with seven star
customers. To support this scale of growth, all centers in Pune were
consolidated into one facility with 1,500 people.