What we do L&T Technology Services Ltd is a leading global pure-play Engineering Research and Development services company, delivering design, development, and testing across product and process life cycles. |
Founded in 2,012 |
Market share Among top 20 global Engineering R&D service providers, serving 421 clients including 57 top ER&D spenders worldwide. |
Problem solved Enables clients to innovate and optimize products and processes through engineering, digital, and embedded system solutions. |
Top clients or who we serve Global Fortune 500 and top ER&D companies in industrial products, medical devices, transportation, telecom, and process industries; B2B focus. |
Key management Amit Chadha, CEO & Managing Director, leads with extensive industry and technology expertise. |
Our journey and innovations Since 2012 incorporation, LTTS expanded via multiple acquisitions, global partnerships (e.g., Microsoft), and investment in innovation centers globally. |
Where we operate Operations spanning India, USA, Europe, Canada, Israel, China, Poland and other global locations across 23 sales offices and over 100 innovation labs. |
Top products or what we offer Engineering R&D services including software & digital engineering, embedded systems, engineering analytics, and plant engineering. |
Top brands LTTS; specialized IP-led Digital Engineering solutions; LTTSiDriVe™ framework for mobility; NVIDIA AI Experience Zone for advanced AI. |
Raw materials needed Not applicable; services-based engineering and technology solutions company. |
Raw materials supplier Not applicable. |
Recurring vs cyclical contribution Revenue largely recurring from long-term contracts and multi-year engagements with global clients. |
Our industry position Market leader in engineering R&D services with diversified global client base and significant presence in mobility and sustainability segments. |
Financial highlights FY24 revenue of ₹86,800 million (~$1.1 billion), profit after tax ₹12,585 million (~$160 million); 9.5% revenue growth and expanding margins. |
Geographical revenue split 50% North America, 17.6% Europe, 24.2% India, 8% Rest of World. |
Order book Strong order book with multi-year deals including $200 million+ total contract value wins for five consecutive quarters. |
Whats driving growth Growth driven by AI, digital engineering, sustainability, mobility segments, strategic acquisitions, and expanding global footprint. |
Our future plans Focus on integrated Engineering Intelligence solutions, new innovation centers, strategic partnerships, and margin expansion under five-year Lakshya strategy. |
Our green promise Active in sustainability initiatives including eco-forest restoration and promoting smart, energy-efficient engineering solutions. |
Our people and values Over 23,600 employees globally, with emphasis on diversity, innovation culture, and employee development. |
Key challenges ahead Competitive market dynamics, technology evolution risks, and need for continual innovation and client engagement. |
Interesting facts Holds 1,655 patents; recognized among CII’s top 20 innovators; strong alliance with Microsoft and leadership in AI-powered engineering. |
Risks and strategy Manages risks via robust internal controls, diversified portfolio, strategic acquisitions, and a focus on high-margin, high-growth sectors. |
