CleanupBot II: Removed empty portal template using script

2023-08-14T09:40:57Z

Removed empty portal template using script

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	==See also==		==See also==
	~~{{Portal\|Companies}}~~
	*[[List of IT consulting firms]]		*[[List of IT consulting firms]]
	*[[Larsen & Toubro]]		*[[Larsen & Toubro]]

>Deb.sandeep: /* Acquisitions */

2021-07-10T19:59:26Z

Acquisitions

New page

{{short description|Indian multinational IT services company}}
{{Use Indian English|date=August 2020}}
{{Use dmy dates|date=June 2020}}
{{Infobox company
| name = Larsen & Toubro Infotech Limited
| logo = [[File:LTI Lets solve.png|LTI Lets solve|200px]]
| type = [[Public Company|Public]]
| traded_as = {{BSE|540005}} <br /> {{NSE|LTI}}
| industry = [[Information technology|IT services]] and [[IT consulting]]<ref>{{cite web |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=4440082 |title=Larsen & Toubro Infotech Limited: Private Company Information – BusinessWeek |publisher=Investing.businessweek.com |url-status=live |access-date=11 July 2012}}</ref>
| foundation = {{Start date and age|23 December 1996}}
| location_city = L&T House, Ballard Estate, [[Mumbai]]
| area_served = Worldwide
| key_people = [[A. M. Naik]] (Chairman)<br />S. N. Subrahmanyan{{wbr}} {{nobr|(Vice-chairman)}}<br />Sanjay Jalona (CEO & MD)
| services = Digital & automation solutions, [[IT service management]], [[IT consulting]]
| revenue = {{increase}}{{INRConvert|12644|c}} (2021)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/computerssoftware/larsentoubroinfotech/LI12|title=Larsen & Toubro Infotech Ltd. Financial Statements |website=moneycontrol.com}}</ref>
| operating_income = {{increase}}{{INRConvert|2667|c}} (2021)<ref name="Financials"/>
| net_income = {{increase}}{{INRConvert|1938|c}} (2021)<ref name="Financials"/>
| assets = {{increase}}{{INRConvert|8824|c}} (2020)<ref name="Financials"/>
| equity = {{increase}}{{INRConvert|5280|c}} (2020)<ref name="Financials"/>
| num_employees = 35,991 (2021)<ref name="Financials"/>
| parent = [[Larsen & Toubro]]
| location_country = India
| homepage = {{URL|https://www.lntinfotech.com}}
}}
'''Larsen & Toubro Infotech Limited''' (LTI) is an [[India]]n [[globe|global]] [[Information technology]] solutions and services company based in [[Mumbai]], India. In 2017, NASSCOM ranked LTI as the sixth-largest Indian IT services company in terms of export revenues. It was among the top 15 IT service providers globally in 2017, according to the Everest Group's PEAK Matrix for IT service providers.

It employs standards of the Software Engineering Institute's (SEI) Capability Maturity Model Integration (CMMI) and is a Maturity Level 5 assessed organization.<ref>{{cite news| title=expresscomputeronline| url=http://www.expresscomputeronline.com/20020401/indnews17.shtml| date=1 April 2002| access-date=25 November 2012| archive-url=https://web.archive.org/web/20040904095904/http://www.expresscomputeronline.com/20020401/indnews17.shtml| archive-date=4 September 2004| url-status=dead}}</ref>

==History==
Founded as L&T Information Technology Ltd in December 1996, LTI is a wholly owned subsidiary of [[Larsen & Toubro Ltd]] (L&T).<ref name="L&T Subsidiaries">{{cite web |title = Sanjay Jalona CEO & MD of LTI|url = http://timesofindia.indiatimes.com/tech/tech-news/LT-appoints-ex-Infosys-executive-Sanjay-Jalona-CEO-of-IT-unit/articleshow/48452076.cms|work = lntinfotech.com|access-date = 8 February 2016|publisher = L&T Infotech}}</ref> During 2001–2002 the company's name was changed from L&T Information Technology Limited to Larsen & Toubro Infotech Limited and in the same year the company achieved the assessed level of SEI Level 5.<ref>{{cite web|url=https://www.business-standard.com/company/l-t-infotech-18105/information/company-history|title=Larsen & Toubro Infotech Ltd.|access-date=16 April 2019|via=Business Standard}}</ref> L&T Infotech dropped the word 'Infotech' from its name to reflect the changed business environment and rebranded itself as 'LTI' with a tag line of 'Let's Solve' in May 2017.<ref>{{cite web|url=https://www.moneycontrol.com/news/business/companies/lt-infotech-rebrands-itself-as-lti-in-keeping-with-new-business-reality-2270673.html|title=L&T Infotech rebrands itself as LTI in keeping with new business reality|website=Moneycontrol|access-date=16 April 2019}}</ref>

== Global presence ==
[[Image:L&T Infotech Ramapuram.jpg|185x185px|thumb|LTI, Chennai]]
[[File:Chennai LTI.jpg|thumb|230x230px|LTI, Chennai]]
LTI has its presence across the following regions:<ref name="LTI Locations">{{cite web|url=http://lntinfotech.com/location.aspx|title=LTI Locations|work=LTI|access-date=6 April 2015|archive-url=https://web.archive.org/web/20130103193435/http://www.lntinfotech.com/location.aspx|archive-date=3 January 2013|url-status=dead}}</ref>
* [[India]]:

::[[Mumbai]] – ([[Powai]], [[Airoli]], [[Mahape]])
::[[Pune]] – ([[Shivajinagar, Pune|Shivajinagar]], [[Hinjawadi]])
::[[Bangalore]]/[[Bengaluru]] – ([[Whitefield, Bangalore|Whitefield]])
::[[Chennai]] – ([[Manapakkam]])
::[[Hyderabad]] – ([[Kokapet]])

* North America: [[Canada]], [[Mexico]], [[United States]].
* Europe: [[United Kingdom]], [[Germany]], [[Denmark]], [[France]], [[Sweden]], [[Norway]], [[Finland]], [[Belgium]], [[Ireland]], [[Netherlands]], [[Poland]], [[Spain]], [[Luxembourg]], [[Switzerland]]
* Middle East: [[Kuwait]], [[United Arab Emirates]], [[Saudi Arabia]], [[Qatar]]
* South America: [[Costa Rica]]
* Africa: [[South Africa]], [[Morocco]]
* Asia Pacific: [[Australia]], [[Japan]], [[Singapore]], [[Philippines]], [[China]], [[Thailand]]<ref>{{Cite web|title = Global Footprint {{!}} LTI|url = https://www.lntinfotech.com/Pages/GlobalFootprint.aspx|website = www.lntinfotech.com|access-date = 11 February 2016}}</ref>

==Subsidiaries==
{| class="wikitable"
|-
! Name
! Location
|-
| L&T Information Financial Services Technology Inc
| [[Canada]]
|-
| Larsen & Toubro Infotech GmbH
| [[Germany]]
|-
| Larsen & Toubro Infotech Canada Ltd
| [[Canada]]
|-
| L&T Information Technology Services (Shanghai) Co Ltd
| [[China]]
|-
| L&T Infotech S. de. R. L. de. C. V.
| [[Mexico]]
|-
| Larsen & Toubro Infotech South Africa (Pty) Ltd.
| [[South Africa]]
|-
| L&T Information Technology Spain SL
| [[Spain]]
|-
| Larsen & Toubro Infotech LLC
| [[United States]]
|-
|-
| Syncordis S.A.
| [[Luxembourg]]
|-
| Syncordis S.A.R.L.
| [[France]]
|-
| Syncordis Support Services S.A.
| [[Luxembourg]]
|-
| Syncordis Software Services India Pvt Ltd
| [[India]]
|-
| Syncordis Ltd
| [[United Kingdom]]
|}

== Acquisitions ==
*2010: L&T Infotech Financial Services Technologies Inc. (Formerly part of Citigroup Fund Services Canada Inc)<ref>{{Cite web|url=https://www.citigroup.com/citi/news/2010/101118a.htm}}</ref>
*2014: Information Systems Resource Centre Pvt. Ltd. (ISRC)<ref>{{Cite web|url=https://www.thehindubusinessline.com/info-tech/LampT-Infotech-buys-Otis-Elevator%E2%80%99s-Information-Systems-Resource-Centre/article20897668.ece|title=L&T Infotech buys Otis Elevator's Information Systems Resource Centre|last=Bureau|first=Our|website=@businessline|language=en|access-date=2019-09-04}}</ref>
*2016: AugmentIQ Data Sciences Pvt. Ltd.<ref>{{Cite web|url=https://www.livemint.com/Companies/OFHtFgn1Jz0GwFD0muUSjL/LT-Infotech-to-acquire-Analytics-startup-AugmentIQ.html|title=L&T Infotech to acquire analytics start-up AugmentIQ|last=PTI|date=2016-10-25|website=Mint|language=en|access-date=2019-09-04}}</ref>
*2017: Syncordis S.A.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/larsen-toubro-infotech-to-acquire-syncordis-sa/articleshow/61647343.cms?from=mdr|title=Larsen & Toubro Infotech to acquire Syncordis SA|date=2017-11-14|work=The Economic Times|access-date=2019-09-04}}</ref>
*2019: Powerupcloud Technologies,<ref>{{Cite news|url=https://www.thehindu.com/business/larsen-toubro-infotech-to-acquire-powerupcloud/article29728323.ece|title=Larsen & Toubro Infotech to acquire PowerupCloud|date=2019-10-17|work=The Hindu|access-date=2020-01-15|others=Special Correspondent|language=en-IN|issn=0971-751X}}</ref> Lymbyc,<ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/lti-to-acquire-advanced-analytics-firm-lymbyc/articleshow/70257025.cms?from=mdr|title=LTI to acquire advanced analytics firm Lymbyc|date=2019-07-17|work=The Economic Times|access-date=2019-09-04}}</ref> NIELSEN+PARTNER of Hamburg (Germany),<ref>{{Cite web|url=https://tech.economictimes.indiatimes.com/news/corporate/lti-to-acquire-germanys-nielsenpartner-for-31-6m/67989138|title=LTI to acquire Germany's Nielsen+Partner in a $31.6M deal – ETtech|last=www.ETtech.com|website=ETtech.com|language=en|access-date=2019-09-04}}</ref> Ruletronics<ref>{{Cite news|url=https://economictimes.indiatimes.com/tech/software/larsen-toubro-infotech-acquires-ruletronics-for-7-48-million/articleshow/67578486.cms?from=mdr|title=Larsen & Toubro Infotech acquires Ruletronics for $7.48 million|date=2019-01-17|work=The Economic Times|access-date=2019-09-04}}</ref>
*2021: Cuelogic Technologies<ref>{{Cite news|url=https://www.business-standard.com/article/news-cm/lti-concludes-acquisition-of-pune-based-cuelogic-121070800360_1.html|title=LTI concludes acquisition of Pune-Based Cuelogic|date=2021-07-08|work=Business Standard|access-date=2021-07-11}}</ref>

== LTI Mosaic ==
LTI [https://www.lti-mosaic.com/ Mosaic] is the data-to-decisions platform that offers data engineering, advanced analytics, knowledge-led automation, IoT connectivity using exponential technology. In 2019 with the acquisition of Lymbyc, LTI added [https://www.lti-mosaic.com/mosaic-leni.html Leni], a virtual intelligent analyst to its Mosaic portfolio. Leni<ref>{{Cite web|title=LTI's newly acquired virtual analyst "Leni" could power your analytics adoption|url=https://www.hfsresearch.com/pointsofview/ltis-newly-acquired-virtual-analyst-leni-could-power-your-analytics-adoption|date=2019-08-15|website=HFS Research|access-date=2020-05-13}}</ref> lets users conversationally access information and insights at a large scale. Leni claims to be the world’s first virtual analyst.<ref>{{Cite web|title=Understanding Leni, the world's first virtual analyst|url=https://www.expresscomputer.in/startup/understanding-leni-the-worlds-first-virtual-analyst/29870/|date=2018-11-01|website=Express Computer|language=en-US|access-date=2020-05-13}}</ref>

==Awards and recognition==
* In 2019, LTI ranked as the Top Service Provider in France for the Second Consecutive Year in the French IT outsourcing study conducted by [https://whitelane.com/ Whitelane Research]
*In 2019, LTI won CMO Asia Awards in two categories – Brand Excellence in IT/ITES 2019 and Marketing Campaign of the Year
*LTI ranked number 5 in [https://www.hfsresearch.com/ HFS] Top 10 Energy Service Providers 2019
*In 2019, LTI was named the 'Most Admired Company of the year' by [[BTVI]] Business Leader of the Year Awards
*In January 2019, LTI and ACORD announced collaboration to drive digital adoption in the insurance industry<ref>{{cite web|url=https://tech.economictimes.indiatimes.com/news/corporate/lti-and-acord-to-collaborate-to-drive-digital-adoption-in-insurance-industry/67457200|title=LTI and ACORD to collaborate to drive digital adoption in insurance industry – ETtech|last=www.ETtech.com|website=ETtech.com|access-date=16 April 2019}}</ref>
* In November 2018, Inclusive Tech Alliance recognized LTI President Sales Sudhir Chaturvedi among the top 100 most influential leaders in UK Tech Sector<ref>{{cite web|url=https://www.ft.com/content/70dab5dc-e28c-11e8-a6e5-792428919cee|title=Top 10: The most influential BAME tech leaders in the UK|date=14 November 2018|website=Financial Times|access-date=16 April 2019}}</ref><ref>{{cite web|url=https://www.lntinfotech.com/news-event/inclusive-tech-alliance-recognizes-lti-president-sales/|title=Inclusive Tech Alliance recognizes LTI President Sales, Sudhir Chaturvedi among the top 100 most influential leaders in UK Tech Sector|website=LTI|access-date=16 April 2019}}</ref>
* In January 2018, LTI CEO and MD Sanjay Jalona chosen as Exemplary CEO of the Year by BW Business World<ref>{{cite web|url=https://www.lntinfotech.com/news-event/lti-ceo-md-sanjay-jalona-chosen-as-exemplary-ceo-of-the-year-by-bw-businessworld/|title=LTI CEO & MD Sanjay Jalona chosen as Exemplary CEO of the Year by BW Businessworld|website=LTI|access-date=16 April 2019}}</ref>
* In March 2017, LTI Ranked Amongst 'Super 50' in Dalal Street Investment Journal (DSIJ) 150 Wealth-Creators List.{{citation needed|date=March 2018}}
* In March 2017, LTI Named a Top 15 Sourcing Service Provider by [[Information Services Group (ISG)]].{{citation needed|date=March 2018}}
* In March 2016, LTI positioned among Everest Group's Top 20 IT Services Providers.{{citation needed|date=March 2018}}
* In February 2016, L&T Group Executive Chairman [[A.M. Naik]] was awarded an honorary Doctorate of Letters Degree from the Veer Narmad South Gujarat University. The doctorate is in recognition of Mr. Naik's long and distinctive contribution to the nation to society.{{citation needed|date=March 2018}}
* In December 2015, LTI Named as one of the 'Star Performers' and 'Major Contenders' in Everest Group's PEAK MatrixTM Assessment 2015 for Global Insurance Service Provider{{citation needed|date=March 2018}}
* In 2014, LTI ranked number 6<ref name="Nasscom Industry Ranking">{{cite web|url=http://www.nasscom.in/industry-ranking|title=Nasscom Industry Ranking|work=NASSCOMM|access-date=9 July 2012|archive-url=https://web.archive.org/web/20120511200026/http://www.nasscom.in/industry-ranking|archive-date=11 May 2012|url-status=dead}}</ref> in India IT companies in 2013–2014,2014–2015 and 2015–2016 by [[NASSCOM]] rating.

== Controversy ==
In 2016, [https://www.lntinfotech.com/ LTI] management revoked offer letter of few recruits after waiting for a period of 18 months.<ref>{{Cite news|url=http://www.thehindubusinessline.com/info-tech/dumped-by-lt-infotech-students-in-no-jobs-land/article8682528.ece|title=Business Line}}</ref><ref>{{Cite news|url=http://www.business-standard.com/article/companies/l-t-infotech-recalls-1-500-job-offers-116053100038_1.html|title=Business standard|date=31 May 2016}}</ref><ref>{{Cite news|url=http://timesofindia.indiatimes.com/business/india-business/LT-Infotech-withdraws-offer-letters/articleshow/52511974.cms|date=30 May 2016}}</ref><ref>{{Cite news|url=http://www.financialexpress.com/article/industry/companies/lt-infotech-withdraws-1500-job-offers/269558/|title=Financial Express}}</ref> This caused some disruption in Chennai's IT Corridor and there was protest against the company's management in front of its Chennai office.

==See also==
{{Portal|Companies}}
*[[List of IT consulting firms]]
*[[Larsen & Toubro]]
*[[L&T Technology Services]]

== References ==
{{Reflist|30em}}

==External links==
* [https://www.lntinfotech.com Company website]

{{Larsen & Toubro}}
{{Consulting}}
{{Template:Nifty 200 companies}}

{{DEFAULTSORT:Larsen and Toubro Infotech}}
[[Category:Companies based in Mumbai]]
[[Category:Software companies of India]]
[[Category:Information technology consulting firms of India]]
[[Category:Larsen & Toubro]]
[[Category:Software companies based in Mumbai]]
[[Category:Software companies established in 1996]]
[[Category:1996 establishments in Maharashtra]]
[[Category:Indian companies established in 1996]]

Larsen & Toubro Infotech - Revision history

CleanupBot II: Removed empty portal template using script

>Deb.sandeep: /* Acquisitions */