L&T Technology Services Limited Overview
Pro stress-test →L&T Technology Services (LTTS) is an Indian multinational technology company that provides engineering research and development (ER&D) services, headquartered in Vadodara. Operating in more than 25 countries, with an annual revenue run rate of over USD 1.3 billion, the Company designs, develops, and delivers transformative products and services for a diverse clientele worldwide. LTTS is a global leader in AI, Digital, and ER&D Consulting Services.
Strategic Profile
Pro stress-test →The company's business interests include automotive engineering, embedded system and semiconductor engineering, industrial internet of things, manufacturing plant engineering, and medical engineering. Over 23,000 engineers, technologists and innovators across 22 global design centres and 105 innovation labs are dedicated to solving the world's toughest industry challenges, making LTTS a trusted partner to companies on the cutting edge. In November 2024, LTTS signed a definitive agreement to acquire Silicon Valley-based Intelliswift in its largest acquisition till date to deepen the company's offerings across software product development, platform engineering, digital integration, data and AI, with this acquisition closed in a record time of 3 months.
Competitive Landscape
Pro stress-test →LTTS is a subsidiary of the conglomerate Larsen & Toubro (L&T), and listed on both NSE and BSE. LTTS competes with global ER&D service providers including Accenture, Capgemini, HCLTech, and Infosys in the engineering services space. Its subsidiary status provides significant competitive advantages in resource access and cross-selling capabilities within the L&T ecosystem.
Industry Context
L&T Technology Services Limited operates in Engineering Research & Development (ER&D) Services / Digital Engineering.
Key facts
Founded: 2006 · Headquarters: Vadodara, India · Employees: 23,000+ · Revenue: $1.3B+