Incorporated in June 2012, L&T Technology Services Limited is a well-known global player in Engineering and R&D (ER&D) services. The company offers software and digital engineering,  plant engineering and embedded systems engineering analytics solutions. LTTS is a subsidiary of Larsen & Toubro Limited. LTTS is deeply committed to the field of engineering. The company’s engineering design expertise, product development capabilities, smart manufacturing solutions, and digitalisation initiatives impact various aspects of daily life. They serve various industries, including Telecom and Hi-Tech, Transportation, Industrial Products, Medical Devices and Plant Engineering. The company offers engineering and designing services to clients in Europe, North America, Japan, the Middle East, and Korea. They have 1,145 filed patents and 102 innovation and R&D design centres catering to 57 of the Global Top 100 ER&D spenders. As of June 2023, LTTS has 357 customers worldwide, with more than 23,000 employees. The company launched its IPO in September 2016 and eventually got listed on the NSE and BSE. The company works with a mission to create a better and sustainable world for the future of its people, customers, and communities.

Business Segments of L&T Technology Services Limited

The services offered by the company include:

• Digital Engineering and Consulting:Under this segment, the company delivers a wide range of solutions and services that leverage the latest technologies and advanced industry standards. They offer cloud and infrastructure, cybersecurity, DevOps, engineering analytics, user experience and interface design, edge solutions, etc.
• Product Engineering:Under this, LTTS offers software engineering, embedded engineering, mechanical design, testing, and validation.
• Manufacturing Engineering:In this segment, the company offers integrated manufacturing services, product lifecycle management, asset management, manufacturing operations management, etc.
• Plant Engineering:Under this segment, the company offers complete solutions right from design, engineering, project management, and handover operation to maintenance. They also provide customised digital solutions over the plant life cycle.

There are a few subsidiary companies under LTTS, including:

• Esencia Technologies India Private Limited:This is a wholly-owned subsidiary of LTTS that delivers IT services.
• Graphene Semiconductor Services Private Limited:This company offers complete solutions in the semiconductor space. LTTS holds a 100% stake in this company.
• Seastar Labs Private Limited:This organization, the wholly owned subsidiary of LTTS, develops next-generation video technologies.

Key Personalities of L&T Technology Services Limited

Amit Chadha, CEO and MD Amit is the Managing Director and Chief Executive Officer at LTTS. He has been a respected leader in the engineering services field for more than 25 years and is one of the pioneers of outsourcing engineering and IT services from India. He joined LTTS in 2009 as the Business Head of the Americas and later was the Deputy CEO and Whole Time Director.

Corporate Actions of L&T Technology Services Limited

There are no records of bonus shares or stock splits by LTTS.

SWOT Analysis of L&T Technology Services Limited

Strengths

• LTTS is a subsidiary of the prominent Indian conglomerate L&T.
• Collaboration with global companies to help them achieve success through innovative methods and satisfy their customers.

Weakness

• The competitors can easily replicate the enterprise model.

Opportunities 

• Investment in next-generation lab infrastructure to encourage the development of innovative solutions. This inspires their engineers to file more patents and improve their technology division.
• A sustainable operating model which can drive its resilient expansion journey.

Threats

• The rise in data leaks, ransomware attacks, etc., can act as a threat to the organization.
• Exchange rate volatility as it delivers services to other regions.
• Faces competition from other players like Tata Elxsi, which is a part of the Tata Group.