LS

L&T Technology Services

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Company Research Report: L&T Technology Services Limited (LTTS)



Company Overview



  • Name: L&T Technology Services Limited (LTTS)

  • Mission: To be the engineering partner of choice by enabling innovation with world-class technologies, processes, and people, delivering inclusive growth for all stakeholders.

  • Vision: Engineering a sustainable tomorrow through technology and innovation.

  • Founded: No information is available

  • Founders: No information is available

  • Key People:

  • Mr. S. N. Subrahmanyan, Non-Executive Chairman

  • Mr. Amit Chadha, CEO & Managing Director

  • Mr. Abhishek, Executive Director & President - Medical, Smart World & Functions

  • Mr. Alind Saxena, Executive Director & President - Mobility & Tech

  • Dr. Keshab Panda, Non-Executive Director

  • Independent Directors: Mr. Narayanan Kumar, Ms. Apurva Purohit, Mr. R. Chandrasekaran, Mr. Sudip Banerjee, Mr. Luis Miranda, Ms. Aruna Sundararajan

  • Headquarters: India

  • Number of Employees: Over 23,800 (as of March 31, 2024)

  • Revenue: USD 1.2 billion annually

  • Known for: Being one of the world’s leading engineering and technology service providers focusing on Engineering and R&D services for various industries like Transportation, Telecom, Hi-Tech, and more.


Products



  • LTTS offers consultancy, design, development, and testing services across the product and process development life cycle.


Key Segments:


  • Mobility: Encompasses Automotive, Trucks and Off-highway Vehicles, Aerospace, and Rail.


  • Sustainability: Focuses on Industrial Machinery, Building Technology, Electric & Power, FMCG, Oil & Gas; facilitating smarter, connected infrastructure.


  • Hi-Tech: Includes MedTech, Semiconductors, Consumer Electronics, Hyperscalers, and NextGen Comm verticals.


Notable Products:


  • Digital Twin Technology: Helps in streamlining automotive software development processes and reducing prototype costs by providing virtual replicas of entire car electric-electronic architectures.

  • i-BEMS (Integrated Building Energy Management Solution): Aims to create digital experiences and building optimization.


Recent Developments



  • New Product Launches & Features:

  • No new products or features have been explicitly mentioned in the provided data aside from the broad service offerings.


  • Strategic Initiatives:

  • Realignment Strategy: Reorganizing structure into three main segments - Mobility, Sustainability, and Hi-Tech to drive growth and technology innovation.

  • Shell Partnership: LTTS signed a long-term agreement to support Shell with Integrated Engineering Design and Procurement Services globally.

  • Collaboration with Marelli: Supported Marelli in revolutionizing automotive infotainment with Digital Twin Technology.

  • Thales Collaboration: Expanded partnership to utilize the Thales Sentinel platform for software monetization via subscription models, improving delivery and activation for customers.


  • New Partnerships:

  • LTTS has formed a strategic partnership with Thales, focusing on software monetization for the Hi-Tech, Sustainability, and Mobility segments.

  • Collaborated with BlackBerry to offer automotive technology solutions leveraging BlackBerry QNX.


The report provides a concise overview of L&T Technology Services Limited; focusing on their mission, key leadership, broad services they deliver, recent strategic changes, and collaborations. Specific revenue details beyond the annual rate and high-level product information have been highlighted when available.