About
L&T Technology Services Ltd
L&T Technology Services Limited (LTTS) is a leading global pure-play Engineering Research and Development (ER&D) services provider. The Company delivers consultancy, design, development, and testing services across the product and process development life cycle. LTTS' services and solutions include software and digital engineering, embedded systems, engineering analytics, and plant engineering. Headquartered in India, LTTS has over 22,200 employees spread across 25 global sales offices and 99 innovation labs in India as of March 31, 2023. Its customer base includes 69 Fortune 500 companies and 53 of the world's top ER&D companies across Transportation, Telecom & Hi-Tech, Plant Engineering, Industrial Products, and Medical Devices. Its engineers and technologists collaborate with leading global firms to drive smart solutions and services for new product development, facilitate remote asset management, and enable virtual product design and prototyping.
L&T Technology Services Limited was incorporated as L&T Technology and Engineering Services Company Limited on June 14, 2012 at Mumbai as a public limited company. The Company received the certificate of commencement of business on June 20, 2012. Subsequently, the name of the company was changed to L&T Technology Services Limited pursuant to a special resolution passed by Shareholders at the EGM held on July 19, 2012. As the engineering services business of the Company is sub-set of technology services, the name of the Company was changed to L&T Technology Services Limited to more appropriately describe its business in line with the company's main objects.
In 2014, L&T Technology Services acquired the product engineering services (PES) business (except the unit in Germany) from Larsen & Toubro Infotech Limited.In 2015, L&T Technology Services acquired the unit of PES business in Germany from L&T Infotech GmbH. During the year, the company acquired the integrated engineering services (IES) business from L&T. Also during the year, the company acquired 74% stake in Thales Software India Private Limited (TSIPL). The company also acquired the engineering services division of Dell, India during the year. It also acquired the engineering services division of Dell, USA through its wholly owned subsidiary, LTTS LLC.
In September 2016, L&T Technology Services was listed on the bourses after promoter L&T sold 1.04 crore shares of the company through an initial public offer during the period from 12 to 15 September 2016 via book building.
On 6 October 2016, L&T Technology Services announced a Digital Engineering Transformation partnership with Microsoft Corporation to deliver Microsoft Azure Engineering Solutions for global enterprises across industries. This strategic partnership between the two companies enables enterprises around the world to leverage L&T Technology's cutting-edge IP-led Digital Engineering solutions hosted on Microsoft's Azure enterprise cloud-first, mobile-first infrastructure.
On 19 October 2016, L&T Technology Services announced that it has secured a new multi-year, multi-million dollar contract from a large global semi-conductor company to provide verification support on their expansive portfolio of offerings and products. This strategic tie-up between the two companies will enable the customer to strengthen its product offering and capitalize on market opportunities with superior quality products.
On 23 March 2017, L&T Technology Services inaugurated its new Center of Excellence dedicated for a leading German Original Equipment Manufacturer (OEM) in Munich Germany, its fourth delivery center for the customer following R&D hubs in Mumbai, Bangalore and Mysore in India.
On 24 April 2017, L&T Technology Services Limited (LTTS) announced the development of Smart City & Campus solutions that will be used to develop a smart office campus in Israel for a leading technology company - a result of its expanded partnership with Microsoft. The multi-year project was awarded shortly after LTTS and Microsoft expanded their existing partnership for Smart City, Campus & Building (SCCB) solutions based on Microsoft Azure.
On 1 June 2017, L&T Technology Services (LTTS) announced the completion of the acquisition of Esencia Technologies, a provider of design services from specification to final product in Digital Signal Processing for Communications, Video, Security and Networking. San Jose- based Esencia will become a subsidiary of LTTS. On 3 May 2017, LTTS had signed a definitive agreement to acquire Esencia to deepen its offerings to global customers in the realm of Wireless Connectivity Solutions, Perceptual Computing, Internet of Things and Advanced Silicon Products. Esencia's existing team of over 100 Embedded, ASIC design and semiconductor experts in Silicon Valley will become part of the LTTS family. The Esencia acquisition brings huge cross leverage potential adding synergistic business to LTTS, enabling the company to offer high end VLSI and ASIC services to its global customers across hi-tech and semiconductor industries.
On 21September 2017, L&T Technology Services (LTTS) announced its collaboration with Wind River, an Intel company and world leader in delivering software for the Internet of Things (IoTs).The two companies will work together to investigate, validate and optimize LTTS technologies with Wind River software platforms to discover compelling joint value propositions for shared customers in areas such as IoT, cloud computing, and network functions virtualization (NFV) in markets ranging from aerospace and defense and automotive to industrial, medical, and networking.
On 25 September 2017, L&T Technology Services Limited announced the formal establishment of an engineering solutions delivery center in Chennai, India that is focused on supporting a key customer. The center strengthens collaboration with Vestas, the world leader in the development, manufacturing, sale and maintenance of wind power plants. L&T Technology Services has been associated with Vestas for over a decade as a strategic engineering partner.
On 14 November 2017, L&T Technology Services Limited announced the establishment of its Center of Excellence (CoE) in Jerusalem, Israel, thereby marking another key milestone in the firm's global presence. The CoE will be dedicated to developing and delivering end-to-end ASIC solutions; hardware and software based security solutions as well as next generation video solutions for global customers in the following market segments- Media, Entertainment, Telecom, Automotive and IIoT. In addition to the CoE in Jerusalem, LTTS has launched a sales office in Tel-Aviv that will be expanding the company's business in Israel and offer the full scope of engineering services in the areas of Telecom, Semiconductors, Medical Devices, Automotive, IoT and Plant Engineering.
On 18 January 2018, L&T Technology Services Limited announced that it has won a landmark project worth $50 million spanning over five years from a leading aerospace electronic systems manufacturer. The transformational deal significantly extends the engagement between the companies.
On 22 March 2018, L&T Technology Services Limited announced that Germany's Covestro, a world-leading manufacturer of high-tech polymer materials, has selected the company as one of its major engineering services partners to implement digitalization based Engineering Programs across Covestro's global locations. L&T Technology Services has been awarded a multi-million dollar contract by Covestro to execute these engineering transformational programs.
On 9 April 2018, L&T Technology Services Limited (LTTS) announced that it has won a contract worth more than $20 million in the first year from ExxonMobil Exploration Company. LTTS will work in collaboration with group company Larsen & Toubro Infotech (LTI) on this engagement.
During the year 2019, the Company acquired Bengaluru based Graphene Semiconductor Services Private Limited along with its three overseas subsidiaries and one Indian subsidiary Company. Further, the company acquired 1364601 shares of Rs10 each from Graphene Semiconductor Services Private Limited along with its subsidiaries Graphene Solutions Pte Ltd (Singapore), Graphene Solution SDN. BHD (Malaysia), Graphene Solutions Taiwan Limited (Taiwan) and Seastar Labs Private Limited (India). Post the said acquisition; the Company has three subsidiaries namely L&T Technology Services LLC, L&T Thales Technology Services Private Limited and Graphene Semiconductor Services Private Limited. Further the Company also has following step down subsidiaries namely Esencia Technologies Inc., Esencia Technologies India Private Limited, Graphene Solutions PTE Ltd (Singapore), Graphene Solution SDN. BHD (Malaysia), Graphene Solutions Taiwan Limited (Taiwan) and Seastar Labs Private Limited.
During the year 2019-20, Promoter and Holding Company - Larsen & Toubro Limited (L&T) sold 40,63,632 equity shares, reducing its stake
by 4.26% to achieve minimum public shareholding requirement of 25%. It thus achieved the minimum public shareholding requirement on
June 26, 2019, wherein L&T's holding was reduced to 74.99%. The Company incorporated a wholly owned subsidiary in China named L&T Technology Services (Shanghai) Co. Limited. It formed an overseas company named L&T Technology Services (Canada) Limited through its wholly owned subsidiary, L&T Technology Services LLC, which holds 100% shares in the said Canadian entity. It acquired shares of Esencia Technologies India Pvt Limited (India) from Esencia Technologies Inc. and business of Graphene Solutions PTE. Ltd (Singapore), Graphene Solution SDN. BHD (Malaysia), Graphene Solutions Taiwan limited (Taiwan) and Seastar Labs Private Limited (India) from Graphene Semiconductor Services Private Limited.
During the year 2020-21, the Company acquired Orchestra Technology Inc. incorporated in Texas, USA through its wholly owned subsidiary, L&T Technology Services LLC.
During the year 2021-22, Esencia Technologies Inc., a wholly owned subsidiary of L&T Technology Services LLC (LTTS LLC), was merged with LTTS LLC with effect from October 1, 2021.
During the year 2022-23, the name of Graphene Solutions PTE Ltd. was changed to L&T Technology Services PTE Ltd., with effect from May 20, 2022.
In January 2023, the Company made a transaction by acquiring the Smart World & Communication (SWC) Business of Larsen & Toubro Limited as going concern on a slump sale basis, which completed effective on April 1, 2023.
During 2023, the Company expanded its global footprint with the launch of a new engineering research & development (ER&D) center in Toronto, Canada, two new design and prototyping centers in Peoria, USA, and a center of excellence in Pune, India. It inaugurated its Engineering Design Centre (EDC) in Toulouse, France, to cater to the new age digital requirements of the global aerospace and defense sectors.
L&T Technology Services Ltd
Chairman Speech
Dear Shareholders,
This was a landmark year at LTTS. We achieved the milestone of a billion dollars in
revenue run rate, surpassed Rs. 1,000 crore in annual profits, crossed 1,000 patent
filings, and closed our largest acquisition to date. What makes our achievements even more
special is that these were attained in a year that continued to be defined by
geo-political uncertainties and supply chain challenges across geographies and industries.
I take this opportunity to thank our customers, shareholders, employees, and all key
stakeholders for their continued trust and faith in Team LTTS as we continue to engineer
sustainable growth journeys.
The accomplishments during the year reaffirm our position as the industry bellwether,
and bear witness to LTTS' continued commitment toward expanding and deepening our
offerings and capabilities across the global technology landscape.
The record-setting performance during the year can be attributed to the combination of
our robust innovation capabilities with a core Engineering DNA - a major differentiator
and enabler in a rapidly evolving global landscape. This belief in a technology-defined
future is driven by our 6 Big Bets: Electric Autonomous and Connected Vehicles, Nex-Gen
Comms, AI & Digital Products, Digital Manufacturing, MedTech, and Sustainability. Our
focus on each of these strategic areas has not only helped us deliver industry-leading
performance across each of our five verticals, but also strengthened our commitment
towards delivering a profitable, sustainable, and inclusive growth paradigm.
Celebrating Performance and Consistency: Our Industry Defining Moment
During the year, we continued to redefine the performance paradigms for the pure-play
ER&D industry. Our revenues for the year were at $ 990 million, a growth of 16% in
constant currency, led by broad-based double digit performance across each of the key
geographies - North America, Europe, India, and Rest of the World (RoW). In terms of
vertical-wise growth, the Transportation segment led the trajectory, followed by Plant
Engineering, Industrial Products, Medical Devices, and Telecom & Hi-tech.
Annual EBIT margin for the fiscal was the highest ever at 18.5%, driven by our focus on
building a robust and sustainable operating model. The strong revenue growth and
operational performance led to a 22% rise in PAT to Rs. 1,170 crore. Over the last
5 years, our PAT has continued to grow at a stellar 18% CAGR through a combination of
steady expansions and rising operating margins. We further improved ROE to 26% for the
year - again on the back of consistent PAT growth.
The confidence of customers in your Company's capabilities and offerings was further
reflected in the number and size of
We achieved the milestone of a billion dollars in revenue run rate, surpassed Rs.
1,000 crore in annual profits, crossed 1,000 patent filings, and closed our largest
acquisition to date.
deal wins across geographies. During this past year,
LTTS closed 18 deals in the greater than $ 10 million TCV range. Of these, three
engagements were in the $ 40-60 million TCV bracket, while four were in the $ 15 million
TCV category. Looking ahead, we are witnessing significant traction across segments and
geographies, with a robust large deal pipeline around energy transition and
electrification, digital and new-age technologies, and a growing global demand for
business transformation services to optimize costs.
On the back of this robust performance, the LTTS Board of Directors have seen it fit to
declare a final dividend of Rs. 30 per share, in addition to an interim dividend of
Rs. 15, totaling Rs. 45 during the year. This is a stellar dividend payout
ratio of 41% for the year - yet another milestone for your Company as we drive ahead
toward the next frontiers of business success.
Innovation continues to be the key to our success paradigm. During the fiscal, we filed
222 patents, taking the total of our patent portfolio to an industry leading number of
1,090. This achievement was particularly special since LTTS has been filing an average of
50 patents every quarter for the past 2 years.
We continue to watch the global landscape closely for identifying and leveraging
opportunities in unlocking new value paradigms for our stakeholders. Your Company's
expanding global footprint, with new centers in Toronto, Canada; Peoria, USA; Krakow,
Poland; and Toulouse, France are a reaffirmation of our commitment in this direction.
LTTS is also leveraging the latest in digital technologies, platforms, and innovations
to drive a sustainable growth model in line with its overall vision statement of
'engineering a sustainable tomorrow through technology and innovation.Rs.
Strengthening Growth Paradigms: LTTS'
6 Dimensional Glide Path
At LTTS, the 6 Dimensional Glide Path forms the core of how we approach the world. As
the industry bellwether, we are committed to ensuring Industry Leading Growth across
geographies, achieving the billion dollar run rate during the year and focusing on 'One
and a Half Billion' run-rate by FY25. Customer Centricity is our guiding light, and
continues to be reaffirmed in our string of multi-million, multi-year deal wins across
emerging technologies, industries, and geographies. People Engagement forms a definitive
part of our initiatives, and the second consecutive year of the Great Place To Work
certification is a testament of our commitment in this direction. As an ER&D services
company, Technology Quotient is a differentiator for LTTS, and our 1,090 plus patents
portfolio and focused initiatives for creating reusable assets underscores our deep-seated
belief in the power of technology. Again, for delivering a Sustainable Operating Model,
our global teams are working toward ensuring first-time-right delivery with predictable
and industry-leading margins, helping drive new investment paradigms as we move ahead on
the road to 'Billion and Beyond.Rs. And finally, on the Environmental, Social, and
Governance, LTTS is committed to its charter as a responsible corporate citizen and
focused on delivering, profitable, sustainable, and inclusive growth for all stakeholders.
We have signed the SBTi charter, and are committed to achieving carbon and water
neutrality in our operations.
Leveraging our 6 Dimensional Glide Path in tandem with our 6 Big Bets focus is proving
to be a major enabler in driving our global footprint, helping position LTTS
advantageously as we harness the dynamics of the evolving scenario.
This continual and incremental transformation is being achieved through a focused
action plan, involving the doubling down on the Big Bets, accelerating organic growth
Amit Chadha, CEO & MD at L&T Technology Services (Left) with Prof. V. Kamakoti,
Director, IIT Madras
avenues, focusing on improving operational parameters and customer satisfaction, and
embracing a deeper yet more expansive employee engagement as a philosophy across LTTS.
LTTS is already investing in the creation of innovative and reusable technology assets,
and I believe that a renewed focus on new patents across industries and technologies would
be a major differentiator.
Project Rendezvous 2.0, ROAR, iSuggest, GEMS, and Hey Buddy are some the latest
initiatives that are helping redefine the employee engagement philosophy at LTTS.
Your Company's leadership team is spearheading these initiatives from the front as we
get back to office and drive an innovative approach toward enhancing employee wellbeing.
The actions we undertake in this direction are defined by the essence of our revitalized
Vision, Mission, and Values, which were announced at the start of the Fiscal. As we
continue to grow beyond our 22,200+ strong global family, multi-layered focused
initiatives across the board will continue to redefine what it means to be a part of the
LTTS journey.
Charting the Future: Preparing for New World Realities
The past couple of years have been about unlocking the synergies between human
resilience and the positive power of technology. As the world came to terms with the
impact of the pandemic, the power of technology to 'do-good' and transform our lives has
been driven home once again. Our analysis of the worldwide business landscape reveals that
the leading global technology giants grew by an average of 30% between CY20 and CY21,
driving up the demand for new avenues of ER&D support. We expect this trend to
continue, with the global ER&D services market, as per data from Zinnov, poised to
exceed $ 2 trillion by 2025.
Healthy tailwinds across the global technology landscape are expected to play a key
role in this direction. For instance, the global EV market grew by 26% over the previous
year, over 500 million new 5G connections were registered, more than $ 900 billion was
invested in energy transition deployment and climate technologies, and the revenue for
MedTech companies grew by over 6% for the fourth consecutive year.
L&T Technology Services Ltd
Company History
L&T Technology Services Limited (LTTS) is a leading global pure-play Engineering Research and Development (ER&D) services provider. The Company delivers consultancy, design, development, and testing services across the product and process development life cycle. LTTS' services and solutions include software and digital engineering, embedded systems, engineering analytics, and plant engineering. Headquartered in India, LTTS has over 22,200 employees spread across 25 global sales offices and 99 innovation labs in India as of March 31, 2023. Its customer base includes 69 Fortune 500 companies and 53 of the world's top ER&D companies across Transportation, Telecom & Hi-Tech, Plant Engineering, Industrial Products, and Medical Devices. Its engineers and technologists collaborate with leading global firms to drive smart solutions and services for new product development, facilitate remote asset management, and enable virtual product design and prototyping.
L&T Technology Services Limited was incorporated as L&T Technology and Engineering Services Company Limited on June 14, 2012 at Mumbai as a public limited company. The Company received the certificate of commencement of business on June 20, 2012. Subsequently, the name of the company was changed to L&T Technology Services Limited pursuant to a special resolution passed by Shareholders at the EGM held on July 19, 2012. As the engineering services business of the Company is sub-set of technology services, the name of the Company was changed to L&T Technology Services Limited to more appropriately describe its business in line with the company's main objects.
In 2014, L&T Technology Services acquired the product engineering services (PES) business (except the unit in Germany) from Larsen & Toubro Infotech Limited.In 2015, L&T Technology Services acquired the unit of PES business in Germany from L&T Infotech GmbH. During the year, the company acquired the integrated engineering services (IES) business from L&T. Also during the year, the company acquired 74% stake in Thales Software India Private Limited (TSIPL). The company also acquired the engineering services division of Dell, India during the year. It also acquired the engineering services division of Dell, USA through its wholly owned subsidiary, LTTS LLC.
In September 2016, L&T Technology Services was listed on the bourses after promoter L&T sold 1.04 crore shares of the company through an initial public offer during the period from 12 to 15 September 2016 via book building.
On 6 October 2016, L&T Technology Services announced a Digital Engineering Transformation partnership with Microsoft Corporation to deliver Microsoft Azure Engineering Solutions for global enterprises across industries. This strategic partnership between the two companies enables enterprises around the world to leverage L&T Technology's cutting-edge IP-led Digital Engineering solutions hosted on Microsoft's Azure enterprise cloud-first, mobile-first infrastructure.
On 19 October 2016, L&T Technology Services announced that it has secured a new multi-year, multi-million dollar contract from a large global semi-conductor company to provide verification support on their expansive portfolio of offerings and products. This strategic tie-up between the two companies will enable the customer to strengthen its product offering and capitalize on market opportunities with superior quality products.
On 23 March 2017, L&T Technology Services inaugurated its new Center of Excellence dedicated for a leading German Original Equipment Manufacturer (OEM) in Munich Germany, its fourth delivery center for the customer following R&D hubs in Mumbai, Bangalore and Mysore in India.
On 24 April 2017, L&T Technology Services Limited (LTTS) announced the development of Smart City & Campus solutions that will be used to develop a smart office campus in Israel for a leading technology company - a result of its expanded partnership with Microsoft. The multi-year project was awarded shortly after LTTS and Microsoft expanded their existing partnership for Smart City, Campus & Building (SCCB) solutions based on Microsoft Azure.
On 1 June 2017, L&T Technology Services (LTTS) announced the completion of the acquisition of Esencia Technologies, a provider of design services from specification to final product in Digital Signal Processing for Communications, Video, Security and Networking. San Jose- based Esencia will become a subsidiary of LTTS. On 3 May 2017, LTTS had signed a definitive agreement to acquire Esencia to deepen its offerings to global customers in the realm of Wireless Connectivity Solutions, Perceptual Computing, Internet of Things and Advanced Silicon Products. Esencia's existing team of over 100 Embedded, ASIC design and semiconductor experts in Silicon Valley will become part of the LTTS family. The Esencia acquisition brings huge cross leverage potential adding synergistic business to LTTS, enabling the company to offer high end VLSI and ASIC services to its global customers across hi-tech and semiconductor industries.
On 21September 2017, L&T Technology Services (LTTS) announced its collaboration with Wind River, an Intel company and world leader in delivering software for the Internet of Things (IoTs).The two companies will work together to investigate, validate and optimize LTTS technologies with Wind River software platforms to discover compelling joint value propositions for shared customers in areas such as IoT, cloud computing, and network functions virtualization (NFV) in markets ranging from aerospace and defense and automotive to industrial, medical, and networking.
On 25 September 2017, L&T Technology Services Limited announced the formal establishment of an engineering solutions delivery center in Chennai, India that is focused on supporting a key customer. The center strengthens collaboration with Vestas, the world leader in the development, manufacturing, sale and maintenance of wind power plants. L&T Technology Services has been associated with Vestas for over a decade as a strategic engineering partner.
On 14 November 2017, L&T Technology Services Limited announced the establishment of its Center of Excellence (CoE) in Jerusalem, Israel, thereby marking another key milestone in the firm's global presence. The CoE will be dedicated to developing and delivering end-to-end ASIC solutions; hardware and software based security solutions as well as next generation video solutions for global customers in the following market segments- Media, Entertainment, Telecom, Automotive and IIoT. In addition to the CoE in Jerusalem, LTTS has launched a sales office in Tel-Aviv that will be expanding the company's business in Israel and offer the full scope of engineering services in the areas of Telecom, Semiconductors, Medical Devices, Automotive, IoT and Plant Engineering.
On 18 January 2018, L&T Technology Services Limited announced that it has won a landmark project worth $50 million spanning over five years from a leading aerospace electronic systems manufacturer. The transformational deal significantly extends the engagement between the companies.
On 22 March 2018, L&T Technology Services Limited announced that Germany's Covestro, a world-leading manufacturer of high-tech polymer materials, has selected the company as one of its major engineering services partners to implement digitalization based Engineering Programs across Covestro's global locations. L&T Technology Services has been awarded a multi-million dollar contract by Covestro to execute these engineering transformational programs.
On 9 April 2018, L&T Technology Services Limited (LTTS) announced that it has won a contract worth more than $20 million in the first year from ExxonMobil Exploration Company. LTTS will work in collaboration with group company Larsen & Toubro Infotech (LTI) on this engagement.
During the year 2019, the Company acquired Bengaluru based Graphene Semiconductor Services Private Limited along with its three overseas subsidiaries and one Indian subsidiary Company. Further, the company acquired 1364601 shares of Rs10 each from Graphene Semiconductor Services Private Limited along with its subsidiaries Graphene Solutions Pte Ltd (Singapore), Graphene Solution SDN. BHD (Malaysia), Graphene Solutions Taiwan Limited (Taiwan) and Seastar Labs Private Limited (India). Post the said acquisition; the Company has three subsidiaries namely L&T Technology Services LLC, L&T Thales Technology Services Private Limited and Graphene Semiconductor Services Private Limited. Further the Company also has following step down subsidiaries namely Esencia Technologies Inc., Esencia Technologies India Private Limited, Graphene Solutions PTE Ltd (Singapore), Graphene Solution SDN. BHD (Malaysia), Graphene Solutions Taiwan Limited (Taiwan) and Seastar Labs Private Limited.
During the year 2019-20, Promoter and Holding Company - Larsen & Toubro Limited (L&T) sold 40,63,632 equity shares, reducing its stake
by 4.26% to achieve minimum public shareholding requirement of 25%. It thus achieved the minimum public shareholding requirement on
June 26, 2019, wherein L&T's holding was reduced to 74.99%. The Company incorporated a wholly owned subsidiary in China named L&T Technology Services (Shanghai) Co. Limited. It formed an overseas company named L&T Technology Services (Canada) Limited through its wholly owned subsidiary, L&T Technology Services LLC, which holds 100% shares in the said Canadian entity. It acquired shares of Esencia Technologies India Pvt Limited (India) from Esencia Technologies Inc. and business of Graphene Solutions PTE. Ltd (Singapore), Graphene Solution SDN. BHD (Malaysia), Graphene Solutions Taiwan limited (Taiwan) and Seastar Labs Private Limited (India) from Graphene Semiconductor Services Private Limited.
During the year 2020-21, the Company acquired Orchestra Technology Inc. incorporated in Texas, USA through its wholly owned subsidiary, L&T Technology Services LLC.
During the year 2021-22, Esencia Technologies Inc., a wholly owned subsidiary of L&T Technology Services LLC (LTTS LLC), was merged with LTTS LLC with effect from October 1, 2021.
During the year 2022-23, the name of Graphene Solutions PTE Ltd. was changed to L&T Technology Services PTE Ltd., with effect from May 20, 2022.
In January 2023, the Company made a transaction by acquiring the Smart World & Communication (SWC) Business of Larsen & Toubro Limited as going concern on a slump sale basis, which completed effective on April 1, 2023.
During 2023, the Company expanded its global footprint with the launch of a new engineering research & development (ER&D) center in Toronto, Canada, two new design and prototyping centers in Peoria, USA, and a center of excellence in Pune, India. It inaugurated its Engineering Design Centre (EDC) in Toulouse, France, to cater to the new age digital requirements of the global aerospace and defense sectors.
L&T Technology Services Ltd
Directors Reports
L&T Technology Services Ltd
Company Background
| Incorporation Year | 2012 |
| Registered Office | L&T House N M Marg,Ballard Estate
Mumbai,Maharashtra-400001 |
| Telephone | 91-22-67525656,Managing Director |
| Fax | 91-22-67525893 |
A M NaikAmit Chadha| Company Secretary | Prajakta Powle |
| Auditor | MSKA & Associates |
| Face Value | 2 |
| Market Lot | 1 |
| Listing | BSE,NSE, |
| Registrar | KFin Techologies Ltd
Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda ,Hyderabad-500032 |
L&T Technology Services Ltd
Company Management
| Director Name | Director Designation | Year |
|---|
| A M Naik | Chairman (Non-Executive) | 2023 |
| S N Subrahmanyan | Vice Chairman | 2023 |
| KESHAB PANDA | Director | 2023 |
| Amit Chadha | Managing Director & CEO | 2023 |
| Sudip Banerjee | Independent Director | 2023 |
| Narayanan Kumar | Independent Director | 2023 |
| Abhishek Sinha | Whole Time Director & COO | 2023 |
| APURVA PUROHIT | Independent Director | 2023 |
| Chandrasekaran Ramakrishnan | Independent Director | 2023 |
| Luis Miranda | Independent Director | 2023 |
| Prajakta Powle | Company Sec. & Compli. Officer | 2023 |
| Alind Saxena | President & Whole-time Dir. | 2023 |
| Aruna Sundararajan | Independent Director | 2023 |
L&T Technology Services Ltd
Listing Information
| Listing Information |
|---|
| BSE_500 |
| BSE_IT |
| BSE_200 |
| BSEDOLLEX |
| CNX500 |
| CNX_IT |
| BSEMID |
| CNXMIDCAP |
| CNXMID50 |
| CNX200 |
| BSEALLCAP |
| MID150 |
| LMI250 |
| MSL400 |
| NFTYLM250 |
| NFTYMC150 |
| NFTYMSC400 |
| NFTY200Q30 |
| NFTM150Q50 |
| NF500M5025 |
| NFTDIGITAL |
| NFTYTOTMKT |
L&T Technology Services Ltd
Finished Product
| Product Name | Unit | Installed
Capacity | Production
Quantity | Sales
Quantity | Sales
Value |
|---|
| Engineering & Technology Serv. | NA | 0 | 0 | 0 | 7108.1 |
| Unspecified | NA | 0 | 0 | 0 | 0 |
| Sales | NA | 0 | 0 | 0 | 0 |