[14] On November 4, 2021, Kyndryl completed its separation from IBM and began trading as an independent company on the New York Stock Exchange,[4][5] with Martin Schroeter as chairman and CEO.

[24] On September 28, 2023, the Financial Times quoted sources saying that Kyndryl was separating its Chinese arm, saying the decision was influenced by increased tensions between the United States and China.

[25] On 13 May 2024, Kyndryl announced the acquisition of Skytap and the divesture of Securities Industry Services to Broadridge Financial Solutions, as part of a portfolio optimization action.

[26] Focused on IT services for businesses,[20] Kyndryl designs, builds, manages, and modernizes enterprise IT infrastructure systems,[4][17] with capabilities in artificial intelligence as well as data and analytics.

[20] In late 2021, Kyndryl listed its six service areas as: cloud; security and resiliency; network and edge computing; digital workplace; core enterprise and zCloud; and applications, data, and AI.