L&T Infotech is a global IT services company and subsidiary of Larsen & Toubro, with headquarters in Mumbai, India. It has over 16,000 employees across 39 registered offices in 22 countries. Originally founded in 1997, L&T Infotech provides IT services, consulting, BPO solutions and has expertise in areas like engineering and embedded systems. It has strategic alliances with technology leaders and follows standards like CMM Level 5 for quality processes. The company aims to leverage its parent L&T's heritage and global footprint to deliver best-in-class solutions to clients.
2. L&T Infotech Ltd.
Contents:
Highlights.................................................................................................2
Vital Facts................................................................................................2-3
Corporate Profile......................................................................................3
Milestones.................................................................................................4
Information Technology Industry.............................................................4-5
Strategies of the company ........................................................................6
Human Resources .....................................................................................7
Management Team.....................................................................................8
L&T Heritage & Alliances……………………………………………....8-11
Key challanges ...........................................................................................12
Financials.....................................................................................................13
3. Highlights:
1) L&T Infotech (Larsen & Toubro Infotech), a subsidiary of L&T (Larsen & Toubro is a
global IT services and solutions provider company based in Mumbai, India.
2) L&T Infotech is ranked #8 in India IT companies in 2011-2012. The company has 39
registered offices in 22 countries.
3) It employs standards of the Software Engineering Institute's (SEI) Capability Maturity
Model (CMM) and is a certified Level 5 organization.
4) Originally founded as L&T Information Technology Ltd (Read as L&T-IT), a wholly
owned subsidiary of Larsen & Toubro Ltd (L&T), The company changed its name to
L&T Infotech on 1 April 1997.
5) L&T Infotech acquired GDA Technologies (a privately held electronic design firm
based in California, USA) and all of its design centers in USA and IndiaLocation of
Offices.
Vital Facts:
IT service management
Industry
IT service
IT consulting
Engineering/Embedded/R&D
Founded
1997
Headquarters
Mumbai, Maharashtra, India
Key people
V K Magapu
Director
Services
IT services
IT consulting
4. BPO and IT solutions
Revenue
US$ 650 million (2011)
Employees
16,000
Parent
Larsen & Toubro
Website
lntinfotech.com
Corporate Profile:
L&T Infotech (Larsen & Toubro Infotech), a subsidiary of L&T (Larsen & Toubro is
a global IT services and solutions provider company based in Mumbai, India. L&T
Infotech is ranked #8 in India IT companies in 2011-2012. The company has 39
registered offices in 22 countries. It employs standards of the Software Engineering
Institute's (SEI) Capability Maturity Model (CMM) and is a certified Level 5
organization.
Originally founded as L&T Information Technology Ltd (Read as L&TIT), a wholly owned subsidiary of Larsen & Toubro Ltd (L&T),
The company changed its name to L&T Infotech on 1 April 1997.
In December 2006, L&T Infotech acquired GDA Technologies (a
privately held electronic design firm based in California , USA )
and all of its design centers in USA and India Location of Offices.
L&T Infotech has its presence across the following region.
India : Mumbai (Powai), Navi Mumbai (Vashi, Airoli, Mahape), Pune
(Shivaji nagar, Hinjewadi), Bangalore/Bengaluru (Whitefield), Mysore
(Hebbal), Chennai (Manapakkam), Hyderabad(Hitech City)
USA.
Canada.
Europe : United Kingdom, Germany, Denmark, France, Sweden, Norway,
Finland.
5.
Asia Pacific : Japan, Singapore, Korea
South Africa.
Middle East : Kuwait, United Arab Emirates, Saudi Arabia, Qatar, Oman.
Australia & New Zealand.
Milestones:
GDA Technologies Inc.: L&T InfoTech acquired GDA Technologies Inc., a
leading Electronic Design Services (EDS) and silicon intellectual property
(SIP) solution provider for the Embedded, Networking, and Consumer
Electronics Market, in December 2006.
Captive technology center of Citigroup Fund Services Canada Inc.: In
January 2011, L&T InfoTech acquired the captive technology center of
Citigroup Fund Services Canada Inc.
Information Technology Industry:
The Indian software and computer services industry has experienced explosive
growth in recent years. Despite growth rates falling to an estimated 26% in 2002/3
(from an average of about 50% per annum previously), it remains one of the fastest
growing sectors of the Indian economy, employing over 650,000 people in March
2003. The annual growth rate of India’s software exports has been consistently
over 50 % since 1991 India’s contribution to the Global IT Products Market is a
meager 0.2 % of $180 billion. IT Products contribute just 4% of the $7.7 Billion
Software Industry Exports. Many Indian companies like I-Flex, TCS, Infosys,
ICICI InfoTech, Ramco Systems, and Polaris etc are trying their best to increase
their portfolio of IT Products. The main challenge these companies are facing, is to
increase the Market Share in the products market. Indian Software Industry
accounted for about 2% of India’s GDP in FY02. In FY01, its share was 1.5% of
the global market ($387 billion).In FY02, the size of the industry was Rs 485
billion of which exports accounted for 76% and domestic software 24%. India
exports software to 102 countries.
The domestic IT market is small and is driven by big corporate companies.
NASSCOM estimates the total domestic market for software and services to be
6. US$2.55 billion. Growth in the domestic market fell from 18% in 2001-2 to an
estimated 13% in 2002-3, largely due to a slowdown in spending by manufacturing
and banking sectors. Dataquest, on the other hand, has reported that domestic IT
spending actually fell, by 17% in 2002-3, but predicts a return to growth in 2003-4.
Segmentation of Software Products: The various software products can be
segmented into the following categories:
• Banking & Financial Software
• Enterprise Resource Planning (ERP)
• Customer Relationship Management (CRM)
• Supply Chain Management (SCM)
• Embedded Software
• Telecom Software
• Consumer Software Segment
Market Drivers
The need for improved customer service and high global adoption shall drive the
Indian CRM market. This will depend on the quality of their customer interactions
to retain existing customers and win new ones.
The high cost of implementation and low awareness of the accruing benefits is
going to prove a major deterrent.
Indian Software Industry 1995-2000
7. Future outlook
The government and the banking finance services and insurance (BFSI) sector
drove growth in 2002-03. The year ahead is likely to see the emergence of niche
players with domain expertise. As in the year gone by, increasing demand for
products from verticals such as BFSI will be a major driver for the development of
software products.
Strategies of the company:
L&T InfoTech’s strategic move signifies leadership through service and to become
India's most respected IT Services Company. L&T InfoTech is committed to
providing products and solutions that are of International quality standards, backed
by full life cycle support to achieve greater efficiency and cost savings to its
customers. It has Long-standing relationships with world leaders in technology for
IT Infrastructure and Software Solutions.
8. Human Resources:
Our deeply committed people are our most important asset. Our teams combine
diverse capabilities and profile that range from domain experts to technologists and
solution architects. They are united by an unwavering integrity and a strong sense
of commitment to our clients. Our people have earned spontaneous appreciation
time and again for going that extra mile.
We are committed to maintaining a professional, value-driven, work environment
where every employee feels fulfilled and respected. We have adopted a multipronged approach to competency development and retention that allows us to
attract, retain and build the best talent.
L&T Heritage:
Our parent company is Larsen & Toubro Limited. (L&T), a technology,
engineering, manufacturing and construction conglomerate, with global operations.
This rich corporate heritage has given us many inherent advantages that we
translate into tangible benefits for our clients.
QUICK FACTS:
Over US$ 14 billion revenue
7 decade history in India as premier engineering company and major
infrastructure builder
Plant and equipment marketed to industries in over 30 countries
Manufacturing facilities in India, China, the Gulf
Supply chain extends across 5 continents
Over 50,000 people, based in plant and offices worldwide
9. Management team:
NAME
DESIGNATION
A M Naik
L&T: Chairman & Managing
Director L&T Infotech:
Chairman
: Chairman & Managing Director, L&T
Infotech: Director
Y M Deosthalee
V. K. Magapu
Whole-time Director & President (IT,
Engineering Services and Corporate
Initiatives), L&T Infotech: Director
Keshab Panda
L&T Technology Services: Chief
Executive, L&T Infotech: Member of
the Board
M. M. Chitale
L&T: Independent Director, L&T
Infotech
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