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{{Short description|Indian technology company}}
{{Use dmy dates|date=June 2022}}
{{Use Indian English|date=June 2022}}
{{Infobox company
{{Infobox company
| name = L&T Technology Services
| name = L&T Technology Services
| logo = L&T Technology Services logo.png
| logo = L&T Technology Services.svg
| logo_size = 75px75
| image =
| image_caption =  
| former_name = L&T Integrated Engineering Services
| former_name = L&T Integrated Engineering Services
| type = [[Public Company|Public subsidiary]]
| type = [[Public company|Public]]
| traded_as = {{NSE|LTTS}}<br />{{BSE|540115}}
| traded_as = {{NSE|LTTS}}<br />{{BSE|540115}}
| ISIN = INE010V01017
| ISIN = {{ISIN|sl=n|pl=y|INE010V01017}}
| industry = [[Engineering]], [[Technology]]
| services = [[Engineering design]]<br>[[Research and development]]<br>[[Product lifecycle management]]
| founded = {{Start date and age|14 June 2012}}
| founded = {{Start date and age|14 June 2012}}
| location_city = L&T Knowledge City, [[Vadodara]], [[Gujarat]]
| location_country = India
| area_served = Worldwide
| area_served = Worldwide
| key_people = Amit Chadha <br /> {{small|(CEO & MD)}} <br /> Keshab Panda<br /> {{small|(Non-Ex Director)}} <br /> Rajeev Gupta <br /> {{small|([[CFO]])}}<ref>http://www.smechannels.com/rajeev-gupta-takes-charge-as-new-cfo-of-lt-technology-services/</ref><ref>https://www.peoplematters.in/news/c-suite/rajeev-gupta-joins-lt-technology-as-cfo-26391</ref> <br /> Kapil Bhalla <br /> {{small|(Company Secretary)}}  
| key_people = Amit Chadha {{small|(CEO & MD)}} <br /> Keshab Panda {{small|(Non-Ex Director)}} <br /> Rajeev Gupta {{small|([[CFO]])}}<ref>{{Cite web|url=http://www.smechannels.com/rajeev-gupta-takes-charge-as-new-cfo-of-lt-technology-services/|title=Rajeev Gupta Takes Charge as New CFO of L&T Technology Services|date=21 July 2020}}</ref><ref>{{Cite web|url=https://www.peoplematters.in/news/c-suite/rajeev-gupta-joins-lt-technology-as-cfo-26391|title=Rajeev Gupta joins L&T Technology as CFO|date=21 July 2020}}</ref>
| revenue = {{Increase}} {{USD|723.1 million|link=yes}}<br /> ([[Fiscal year#India|FY]] ending 31 March 2019)
| revenue = {{Increase}} {{INRConvert|10670|c}} (FY25)<ref name=pnl/>
| net_income = {{Increase}} {{USD|109.0 million}}<br /> (FY ending 31 March 2019)<ref>{{cite web|url=https://www.ltts.com/sites/default/files/investors/exchange-announcements/OutcomeofBoardMeeting.pdf|title=Outcome of Board Meeting|publisher= L&T Technology Services|date=3 May 2019|access-date=16 July 2019}}</ref>
| operating_income = {{Increase}} {{INRConvert|1803|c}} (FY24)<ref name=pnl/>
| num_employees = 19000+ (2020)
| net_income = {{Increase}} {{INRConvert|1266|c}} (FY25)<ref name="pnl">{{cite web |title=Financial Results FY25 |url=https://www.bseindia.com/xml-data/corpfiling/AttachHis/811bf83f-ac5d-4761-8975-baf623f2ccb5.pdf |website=BSE |access-date=23 May 2025}}</ref>
| assets = {{Increase}} {{INRConvert|8862|c}} (FY25)<ref name=pnl/>
| equity = {{Increase}} {{INRConvert|5748|c}} (FY25)<ref name=pnl/>
| num_employees = 23,812 (March 2024)<ref>{{cite web |title=L&T Technology Services reports 5% QoQ revenue growth in Q4 and Net Profit of ₹1,300 crore plus in FY24 |url=https://www.ltts.com/press-release/FY24-results |publisher=L&T Technology Services |access-date=26 April 2024}}</ref>
| parent = [[Larsen & Toubro]]
| parent = [[Larsen & Toubro]]
| subsid = Esencia, Graphene Semiconductor Services
| subsid =  
| website = {{URL|http://www.ltts.com/}}
| website = {{URL|http://www.ltts.com/}}
}}
}}


'''L&T Technology Services''' ('''LTTS''') is an engineering services company based in Vadodara, Gujarat. It operates as a subsidiary of the [[Conglomerate (company)|conglomerate]] [[Larsen & Toubro]] (L&T), and is listed on the [[National Stock Exchange of India|National Stock Exchange]] and the [[Bombay Stock Exchange]].<ref name=":0">{{Cite news|url=http://www.businessworld.in/article/Corporate-On-The-Road-Less-Taken/03-02-2017-112394/|title=Corporate: On The Road Less Taken|last=Alvares|first=Clifford|date=2017-02-03|work=BW Businessworld|access-date=2017-09-26|language=en}}</ref><ref>{{Cite news|url=http://economictimes.indiatimes.com/jobs/digital-age-companies-invest-in-young-leaders/articleshow/58688566.cms|title=Digital Age: Companies invest in young leaders|last=Ganguly|first=Dibeyendu|date=2017-05-16|work=The Economic Times|access-date=2017-09-26}}</ref> The company also has offices in [[Edison, New Jersey]],<ref>{{Cite news|url=https://www.americanbazaaronline.com/2017/05/18/top-10-indian-indian-american-owned-companies-h-1b-dependent/|title=Top 10 Indian, Indian American owned companies that are h-1b dependent|last=Sood|first=Jayshal|date=2017-05-18|work=The American Bazaar|access-date=2017-09-26|language=en-US}}</ref> and [[Munich]],<ref>{{Cite news|url=http://economictimes.indiatimes.com/tech/ites/lt-technology-services-opens-center-in-munich/articleshow/57788452.cms|title=L&T Technology Services opens center in Munich|last=Sangani|first=Priyanka|date=2017-03-23|work=The Economic Times|access-date=2017-09-26}}</ref> and a subsidiary company Esencia, based in [[San Jose, California]].<ref name=":2">{{Cite news|url=https://www.outlookindia.com/newsscroll/fedbank-finance-plans-to-open-30-more-branches-in-fy18/1065148|title=L&T Technology Services completes Esencia acquisition|date=2017-06-01|work=Outlook India|access-date=2017-09-26}}</ref><ref name=":3" />
'''L&T Technology Services''' ('''LTTS''') is an Indian multinational [[technology company]] that provides engineering [[research and development]] (ER&D) services, headquartered in [[Vadodara]]. The company's business interests include [[automotive engineering]], [[embedded system]] and [[semiconductor]] engineering, [[industrial internet of things]], manufacturing plant engineering, and [[medical engineering]].<ref>{{cite news |title=Q4FY22 Investor Presentation |url=https://www.ltts.com/system/files/2022-08/Q4FY22-Investor-Presentation.pdf |access-date=8 January 2023 |work=LTTS}}</ref>
 
LTTS is a subsidiary of the [[Conglomerate (company)|conglomerate]] [[Larsen & Toubro]] (L&T), and listed on both [[National Stock Exchange of India|NSE]] and [[Bombay Stock Exchange|BSE]].<ref name=":0">{{Cite news|url=http://www.businessworld.in/article/Corporate-On-The-Road-Less-Taken/03-02-2017-112394/|title=Corporate: On The Road Less Taken|last=Alvares|first=Clifford|date=2017-02-03|work=BW Businessworld|access-date=2017-09-26|language=en}}</ref><ref>{{Cite news|url=https://www.bseindia.com/xml-data/corpfiling/AttachHis/811bf83f-ac5d-4761-8975-baf623f2ccb5.pdf|title=Financial Results FY25|last=|first=|date=2025-05-23|work=BSE|access-date=2025-05-23|pages=Page 6}}</ref> The company has offices across India, United States, Europe, and Asia.<ref name=":2">{{Cite news|url=https://www.outlookindia.com/newsscroll/fedbank-finance-plans-to-open-30-more-branches-in-fy18/1065148|title=L&T Technology Services completes Esencia acquisition|date=2017-06-01|work=Outlook India|access-date=2017-09-26}}</ref><ref name=":3" />


== History ==
== History ==
L&T Technology Services was founded in 2009 as L&T Integrated Engineering Services. In its first year, the company generated $70 million in revenue. Initially, it only operated as the engineering arm of the [[Larsen & Toubro|L&T]]<ref name=":0" /> and in 2013, as a result of the L&T's strategy, the parent company was split into "nine [[Vertical integration|verticals]] and six subsidiaries", of which this was one.<ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/lt-to-focus-on-engineering-services-with-new-entity/article5049383.ece|title=L&T to focus on engineering services with new entity|last=Shaker|first=S|date=2013-08-22|work=The Hindu Business Line|access-date=2017-09-26|language=en}}</ref><ref name=":1">{{Cite news|url=http://www.fortuneindia.com/people/naiks-successor/100333|title=Naik’s successor|last=Gupta|first=Ashish|date=2016-04-05|work=Fortune India|access-date=2017-09-26|language=en}}</ref> It began to expand its engineering services as a developer of new technology solutions{{buzzword inline|date=July 2019}} for other companies under a new brand name L&T Technology Services (LTTS).<ref name=":0" />
L&T Technology Services (LTTS) was founded in 2006 as L&T Integrated Engineering Services. In its first year, the company generated $70 million in revenue. Initially, it only operated as the engineering arm of [[Larsen & Toubro]]<ref name=":0" /> and in 2013, as a result of L&T's strategy, the parent company was split into "nine [[Vertical integration|verticals]] and six subsidiaries", of which this was one.<ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/lt-to-focus-on-engineering-services-with-new-entity/article5049383.ece|title=L&T to focus on engineering services with new entity|last=Shaker|first=S|date=2013-08-22|work=The Hindu Business Line|access-date=2017-09-26|language=en}}</ref><ref name=":1">{{Cite news|url=http://www.fortuneindia.com/people/naiks-successor/100333|title=Naik's successor|last=Gupta|first=Ashish|date=2016-04-05|work=Fortune India|access-date=2017-09-26|language=en}}</ref> It began to expand its engineering services as a developer of corporate software under a new brand name L&T Technology Services (LTTS).<ref name=":0" />
 
In September 2016, LTTS had its initial public offering in the [[National Stock Exchange of India|National Stock Exchange]], making it the second L&T subsidiary to go public.<ref>{{Cite news|url=http://economictimes.indiatimes.com/markets/stocks/news/lt-technology-ipo-subscribed-2-5-times/articleshow/54356710.cms|title=L&T Technology IPO subscribed 2.5 times|date=2016-09-16|work=The Economic Times|access-date=2017-09-26}}</ref><ref>{{Cite news|url=http://economictimes.indiatimes.com/markets/stocks/news/lt-technology-lists-at-rs-920-up-7-over-issue-price/articleshow/54475804.cms|title=L&T Technology lists at Rs 920, up 7% over issue price|last=Mudgill|first=Amit|date=2016-09-23|work=The Economic Times|access-date=2017-09-26}}</ref> [[A. M. Naik]], the current group chairman of the parent company, remained chairman of the subsidiary until his retirement in October 2017.<ref name=":1" /><ref name=":3">{{Cite news|url=http://economictimes.indiatimes.com/news/company/corporate-trends/western-protectionism-fears-more-media-hype-than-actual-a-m-naik/articleshow/60197282.cms|title=Western protectionism fears more media hype than actual: A M Naik|last=PTI|date=2017-08-23|work=The Economic Times|access-date=2017-09-26}}</ref> Keshab Panda was named as the CEO and managing director <ref name=":0" /> and [[S N Subrahmanyan|S.N.Subrahmanyan]] as vice chairman of the company.<ref>{{Cite news|url=http://businessworld.in/article/-What-I-Inherited-Is-Today-12-Of-L-T-The-Other-88-I-Have-Created-/20-09-2017-126603/|title='What I Inherited Is Today 12% Of L&T; The Other 88% I Have Created'|last=Alvares|first=Clifford|date=20 September 2017|work=BW Businessworld|access-date=2018-01-12|language=en}}</ref><ref>{{Cite news|url=http://businessworld.in/article/L-T-The-Ambidextrous-Architect/20-09-2017-126609/|title=L&T: The Ambidextrous Architect|last=Alvares|first=Clifford|date=20 September 2017|work=BW Businessworld|access-date=2018-01-12|language=en}}</ref>
 
In 2016, LTTS developed a set of personal safety gear that is based on [[Cloud computing|cloud]]-enabled technologies. The system includes a set of "helmets, gloves, jackets and shoes that have sensors capturing [the wearers] performance, and sending it to a centralized database on the cloud."<ref>{{Cite news|url=http://www.business-standard.com/article/companies/chatbots-and-more-how-indian-it-is-using-automation-to-service-customers-117051500037_1.html|title=Chatbots and more: How Indian IT is using automation to service customers|last=Pramanik|first=Ayan|date=2017-05-15|work=Business Standard India|access-date=2017-09-26}}</ref>


In September 2016, LTTS had its initial public offering in the [[National Stock Exchange of India|National Stock Exchange]], making it the second L&T subsidiary to go public.<ref>{{Cite news|url=http://economictimes.indiatimes.com/markets/stocks/news/lt-technology-ipo-subscribed-2-5-times/articleshow/54356710.cms|title=L&T Technology IPO subscribed 2.5 times|date=2016-09-16|work=The Economic Times|access-date=2017-09-26}}</ref><ref>{{Cite news|url=http://economictimes.indiatimes.com/markets/stocks/news/lt-technology-lists-at-rs-920-up-7-over-issue-price/articleshow/54475804.cms|title=L&T Technology lists at Rs 920, up 7% over issue price|last=Mudgill|first=Amit|date=2016-09-23|work=The Economic Times|access-date=2017-09-26}}</ref> [[A. M. Naik]], the current group chairman of the parent company remained chairman of the subsidiary until his retirement in October 2017.<ref name=":1" /><ref name=":3">{{Cite news|url=http://economictimes.indiatimes.com/news/company/corporate-trends/western-protectionism-fears-more-media-hype-than-actual-a-m-naik/articleshow/60197282.cms|title=Western protectionism fears more media hype than actual: A M Naik|last=PTI|date=2017-08-23|work=The Economic Times|access-date=2017-09-26}}</ref> Keshab Panda was named as the CEO and managing director <ref name=":0" /> and [[S N Subrahmanyan]] as vice chairman of the company.<ref>{{Cite news|url=http://businessworld.in/article/-What-I-Inherited-Is-Today-12-Of-L-T-The-Other-88-I-Have-Created-/20-09-2017-126603/|title=‘What I Inherited Is Today 12% Of L&T; The Other 88% I Have Created’|last=Alvares|first=Clifford|date=20 September 2017|work=BW Businessworld|access-date=2018-01-12|language=en}}</ref><ref>{{Cite news|url=http://businessworld.in/article/L-T-The-Ambidextrous-Architect/20-09-2017-126609/|title=L&T: The Ambidextrous Architect|last=Alvares|first=Clifford|date=20 September 2017|work=BW Businessworld|access-date=2018-01-12|language=en}}</ref>
[[File:L&T Technology Services - Manyata Tech Park.jpg|thumb|L&T Technology Services office at [[Manyata Tech Park]], [[Bangalore]].]]


In 2017, L&T Technology developed a set of personal safety gear that is based on [[Cloud computing|cloud]]-enabled technologies. The system includes a set of "helmets, gloves, jackets and shoes that have sensors capturing [the wearers] performance, and sending it to a centralized database on the cloud."<ref>{{Cite news|url=http://www.business-standard.com/article/companies/chatbots-and-more-how-indian-it-is-using-automation-to-service-customers-117051500037_1.html|title=Chatbots  and more: How Indian IT is using automation to service customers|last=Pramanik|first=Ayan|date=2017-05-15|work=Business Standard India|access-date=2017-09-26}}</ref>
In March 2017, it opened a [[center of excellence]] in [[Munich]], Germany.<ref>{{Cite news|url=http://economictimes.indiatimes.com/tech/ites/lt-technology-services-opens-center-in-munich/articleshow/57788452.cms|title=L&T Technology Services opens center in Munich|last=Sangani|first=Priyanka|date=2017-03-23|work=The Economic Times|access-date=2017-09-26}}</ref> In June 2017, LTTS completed the acquisition of the Esencia, a [[San Jose, California]]-based engineering firm involved in development of "[[Wireless network|wireless connectivity]] solutions, [[perceptual computing]], [[Internet of things|Internet of Things]] and advanced [[silicon]] products" for $27 million.<ref name=":2" /><ref>{{Cite news|url=http://economictimes.indiatimes.com/markets/stocks/earnings/lt-tech-q1-profit-falls-9-on-weak-margins/articleshow/59758297.cms|title=L&T Tech Q1 profit falls 9% on weak margins|last=Mandavia|first=Megha|date=2017-07-25|work=The Economic Times|access-date=2017-09-26}}</ref> In July, the company was upgraded to Group A of the [[Bombay Stock Exchange]].<ref>{{Cite news|url=https://www.indiatoday.in/pti-feed/story/bse-to-add-48-companies-to-group-a-from-july-17-998046-2017-07-14|title=BSE to add 48 companies to Group 'A from July 17|last=PTI|date=2017-07-14|work=India Today|access-date=2017-09-26}}</ref>


In June 2017, L&T Technology completed the acquisition of the Esencia, a [[San Jose, California]]-based engineering firm involved in development of "[[Wireless network|wireless connectivity]] solutions, [[perceptual computing]], [[Internet of things|Internet of Things]] and advanced [[silicon]] products" for $27 million.<ref name=":2" /><ref>{{Cite news|url=http://economictimes.indiatimes.com/markets/stocks/earnings/lt-tech-q1-profit-falls-9-on-weak-margins/articleshow/59758297.cms|title=L&T Tech Q1 profit falls 9% on weak margins|last=Mandavia|first=Megha|date=2017-07-25|work=The Economic Times|access-date=2017-09-26}}</ref> In July, the company was upgraded to Group A of the [[Bombay Stock Exchange]].<ref>{{Cite news|url=http://indiatoday.intoday.in/story/bse-to-add-48-companies-to-group-%60a-from-july-17/1/1002286.html|title=BSE to add 48 companies to Group `A from July 17|last=PTI|date=2017-07-14|work=India Today|access-date=2017-09-26}}</ref>
In May 2022, the company opened an engineering, research and development (ER&D) centre in [[Kraków|Krakow]], [[Poland]].<ref>{{Cite web |last=Sureban |first=Haripriya |date=2022-05-26 |title=L&T Technology Services opens Engineering R&D Centre in Poland |url=https://www.thehindubusinessline.com/info-tech/lt-technology-services-opens-engineering-rd-centre-in-poland/article65460660.ece |access-date=2022-07-31 |website=www.thehindubusinessline.com |language=en}}</ref> In June 2022, LTTS set up an engineering design centre in [[Toulouse]], [[France]].<ref>{{Cite web |last=Baruah |first=Ayushman |date=2022-06-28 |title=LTTS launches engineering design centre in France, to hire 100 |url=https://www.livemint.com/companies/news/ltts-launches-engineering-design-centre-in-france-to-hire-100-11656407915004.html |access-date=2022-07-23 |website=Mint |language=en}}</ref>
 
In January 2023, LTTS announced that it would acquire parent L&T's "Smart World & Communication" business segment, which has interests in [[communication network]]s, [[cybersecurity]] and [[Smart environment|smart spaces]], for {{INR}}800 crore.<ref>{{cite news |title=Larsen & Toubro sells business division to subsidiary LTTS for Rs 800 crore |url=https://www.business-standard.com/article/companies/larsen-toubro-sells-business-division-to-subsidiary-ltts-for-rs-800-crore-123011201223_1.html |access-date=13 January 2023 |work=Business Standard |date=12 January 2023 |language=en}}</ref>
 
In April 2024, L&T Technology Services partnered with [[Faurecia|Forvia]] to forge a €45 million deal.<ref>{{cite web |title=L&T Technology Services and FORVIA Forge €45 Million Alliance to Accelerate Clean Mobility Engineering |url=https://www.brutimes.com/news/business/lt-technology-services-and-forvia-forge-eur45-million-alliance-to-accelerate-clean-mobility-engineering |website=Bru Times News |language=en}}</ref> In August 2024, LTTS signed a contract to resell the Thales Sentinel platform, a software monetization platform developed by French [[Arms industry|defence]] and [[Aerospace manufacturer|aerospace]] company, [[Thales Group]], to its customers.<ref>{{Cite news |date=21 August 2024 |title=Thales and L&T Technology Services Expand Collaboration to Provide Innovative Business Models to Customers |url=https://www.businesswire.com/news/home/20240821145825/en/Thales-and-LT-Technology-Services-Expand-Collaboration-to-Provide-Innovative-Business-Models-to-Customers |archive-url=https://web.archive.org/web/20241115131422/https://www.businesswire.com/news/home/20240821145825/en/Thales-and-LT-Technology-Services-Expand-Collaboration-to-Provide-Innovative-Business-Models-to-Customers/ |archive-date=15 November 2024 |access-date=27 March 2025 |work=Business Wire |url-status=live }}</ref> In November 2024, L&T Technology Services announced the acquisition of Intelliswift for $110 million.<ref>{{cite web|url=https://www.business-standard.com/companies/news/l-t-technology-services-acquires-us-based-intelliswift-for-110-million-124111101445_1.html |title=L&T Technology Services acquires US-based Intelliswift for $110 million |work=Business Standard |access-date=11 November 2024}}</ref>


== See also ==
== See also ==


* [[Larsen & Toubro]]
* [[LTIMindtree]]
* [[Larsen & Toubro Infotech]]
* [[KPIT Technologies]]


== References ==
== References ==
Line 39: Line 58:


== External links ==
== External links ==
* {{Official website|http://www.lnttechservices.com/}}]
* {{Official website|http://www.lnttechservices.com/}}{{Larsen & Toubro}}
* [https://tysinforay.com Marketing Technology]
 
{{Larsen & Toubro}}
{{Nifty 200 companies}}
{{Nifty 200 companies}}


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[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the Bombay Stock Exchange]]
 
[[Category:Multinational companies headquartered in India]]
{{India-company-stub}}

Latest revision as of 16:40, 1 March 2026


L&T Technology Services
Formerly
L&T Integrated Engineering Services
Traded asNSE: LTTS
BSE: 540115
ISINTemplate:ISIN
Founded14 June 2012; 14 years ago (14 June 2012)
Headquarters
L&T Knowledge City, Vadodara, Gujarat
,
India
Area served
Worldwide
Key people
Amit Chadha (CEO & MD)
Keshab Panda (Non-Ex Director)
Rajeev Gupta (CFO)[1][2]
ServicesEngineering design
Research and development
Product lifecycle management
RevenueIncrease ₹10,670 crore (US$1.5 billion) (FY25)[3]
Increase ₹1,803 crore (US$250 million) (FY24)[3]
Increase ₹1,266 crore (US$180 million) (FY25)[3]
Total assetsIncrease ₹8,862 crore (US$1.2 billion) (FY25)[3]
Total equityIncrease ₹5,748 crore (US$810 million) (FY25)[3]
Number of employees
23,812 (March 2024)[4]
ParentLarsen & Toubro
Websitewww.ltts.com

L&T Technology Services (LTTS) is an Indian multinational technology company that provides engineering research and development (ER&D) services, headquartered in Vadodara. The company's business interests include automotive engineering, embedded system and semiconductor engineering, industrial internet of things, manufacturing plant engineering, and medical engineering.[5]

LTTS is a subsidiary of the conglomerate Larsen & Toubro (L&T), and listed on both NSE and BSE.[6][7] The company has offices across India, United States, Europe, and Asia.[8][9]

History[edit | edit source]

L&T Technology Services (LTTS) was founded in 2006 as L&T Integrated Engineering Services. In its first year, the company generated $70 million in revenue. Initially, it only operated as the engineering arm of Larsen & Toubro[6] and in 2013, as a result of L&T's strategy, the parent company was split into "nine verticals and six subsidiaries", of which this was one.[10][11] It began to expand its engineering services as a developer of corporate software under a new brand name L&T Technology Services (LTTS).[6]

In September 2016, LTTS had its initial public offering in the National Stock Exchange, making it the second L&T subsidiary to go public.[12][13] A. M. Naik, the current group chairman of the parent company, remained chairman of the subsidiary until his retirement in October 2017.[11][9] Keshab Panda was named as the CEO and managing director [6] and S.N.Subrahmanyan as vice chairman of the company.[14][15]

In 2016, LTTS developed a set of personal safety gear that is based on cloud-enabled technologies. The system includes a set of "helmets, gloves, jackets and shoes that have sensors capturing [the wearers] performance, and sending it to a centralized database on the cloud."[16]

L&T Technology Services office at Manyata Tech Park, Bangalore.

In March 2017, it opened a center of excellence in Munich, Germany.[17] In June 2017, LTTS completed the acquisition of the Esencia, a San Jose, California-based engineering firm involved in development of "wireless connectivity solutions, perceptual computing, Internet of Things and advanced silicon products" for $27 million.[8][18] In July, the company was upgraded to Group A of the Bombay Stock Exchange.[19]

In May 2022, the company opened an engineering, research and development (ER&D) centre in Krakow, Poland.[20] In June 2022, LTTS set up an engineering design centre in Toulouse, France.[21]

In January 2023, LTTS announced that it would acquire parent L&T's "Smart World & Communication" business segment, which has interests in communication networks, cybersecurity and smart spaces, for ₹800 crore.[22]

In April 2024, L&T Technology Services partnered with Forvia to forge a €45 million deal.[23] In August 2024, LTTS signed a contract to resell the Thales Sentinel platform, a software monetization platform developed by French defence and aerospace company, Thales Group, to its customers.[24] In November 2024, L&T Technology Services announced the acquisition of Intelliswift for $110 million.[25]

See also[edit | edit source]

References[edit | edit source]

  1. ↑ "Rajeev Gupta Takes Charge as New CFO of L&T Technology Services". 21 July 2020.
  2. ↑ "Rajeev Gupta joins L&T Technology as CFO". 21 July 2020.
  3. ↑ 3.0 3.1 3.2 3.3 3.4 "Financial Results FY25" (PDF). BSE. Retrieved 23 May 2025.
  4. ↑ "L&T Technology Services reports 5% QoQ revenue growth in Q4 and Net Profit of ₹1,300 crore plus in FY24". L&T Technology Services. Retrieved 26 April 2024.
  5. ↑ "Q4FY22 Investor Presentation" (PDF). LTTS. Retrieved 8 January 2023.
  6. ↑ 6.0 6.1 6.2 6.3 Alvares, Clifford (3 February 2017). "Corporate: On The Road Less Taken". BW Businessworld. Retrieved 26 September 2017.
  7. ↑ "Financial Results FY25" (PDF). BSE. 23 May 2025. pp. Page 6. Retrieved 23 May 2025.
  8. ↑ 8.0 8.1 "L&T Technology Services completes Esencia acquisition". Outlook India. 1 June 2017. Retrieved 26 September 2017.
  9. ↑ 9.0 9.1 PTI (23 August 2017). "Western protectionism fears more media hype than actual: A M Naik". The Economic Times. Retrieved 26 September 2017.
  10. ↑ Shaker, S (22 August 2013). "L&T to focus on engineering services with new entity". The Hindu Business Line. Retrieved 26 September 2017.
  11. ↑ 11.0 11.1 Gupta, Ashish (5 April 2016). "Naik's successor". Fortune India. Retrieved 26 September 2017.
  12. ↑ "L&T Technology IPO subscribed 2.5 times". The Economic Times. 16 September 2016. Retrieved 26 September 2017.
  13. ↑ Mudgill, Amit (23 September 2016). "L&T Technology lists at Rs 920, up 7% over issue price". The Economic Times. Retrieved 26 September 2017.
  14. ↑ Alvares, Clifford (20 September 2017). "'What I Inherited Is Today 12% Of L&T; The Other 88% I Have Created'". BW Businessworld. Retrieved 12 January 2018.
  15. ↑ Alvares, Clifford (20 September 2017). "L&T: The Ambidextrous Architect". BW Businessworld. Retrieved 12 January 2018.
  16. ↑ Pramanik, Ayan (15 May 2017). "Chatbots and more: How Indian IT is using automation to service customers". Business Standard India. Retrieved 26 September 2017.
  17. ↑ Sangani, Priyanka (23 March 2017). "L&T Technology Services opens center in Munich". The Economic Times. Retrieved 26 September 2017.
  18. ↑ Mandavia, Megha (25 July 2017). "L&T Tech Q1 profit falls 9% on weak margins". The Economic Times. Retrieved 26 September 2017.
  19. ↑ PTI (14 July 2017). "BSE to add 48 companies to Group 'A from July 17". India Today. Retrieved 26 September 2017.
  20. ↑ Sureban, Haripriya (26 May 2022). "L&T Technology Services opens Engineering R&D Centre in Poland". www.thehindubusinessline.com. Retrieved 31 July 2022.
  21. ↑ Baruah, Ayushman (28 June 2022). "LTTS launches engineering design centre in France, to hire 100". Mint. Retrieved 23 July 2022.
  22. ↑ "Larsen & Toubro sells business division to subsidiary LTTS for Rs 800 crore". Business Standard. 12 January 2023. Retrieved 13 January 2023.
  23. ↑ "L&T Technology Services and FORVIA Forge €45 Million Alliance to Accelerate Clean Mobility Engineering". Bru Times News.
  24. ↑ "Thales and L&T Technology Services Expand Collaboration to Provide Innovative Business Models to Customers". Business Wire. 21 August 2024. Archived from the original on 15 November 2024. Retrieved 27 March 2025.
  25. ↑ "L&T Technology Services acquires US-based Intelliswift for $110 million". Business Standard. Retrieved 11 November 2024.

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