Larsen & Toubro Infotech Limited
Categories
#1386
Rank
$10.88B
Marketcap
United States
Country
Technology
Media and Communications
Summary
Larsen & Toubro Infotech Limited (LTI) is an Indian multinational information technology services and consulting company based in Mumbai. A subsidiary of Larsen & Toubro, LTI was incorporated in 1996 and employs more than 46,000 people.
LTI operates in more than 30 countries, serving customers in a variety of industries, including banking, financial services, insurance, manufacturing, media, retail and telecommunications. The company provides technology solutions, consulting services and IT outsourcing services to global customers, including a range of application development, maintenance, global infrastructure, enterprise solutions and business process services.
In 2017, NASSCOM ranked LTI as the sixth-largest Indian IT services company in terms of export revenues. The company was among the top 15 IT service providers globally, according to the Everest Group's PEAK Matrix for IT service providers.
History
Larsen & Toubro Infotech Limited (L&T Infotech) is a global technology consulting and digital solutions company helping more than 300 clients succeed in a converging world. It provides the winning edge to the clients by leveraging Business-to-IT Connect and deeply committed people. L&T Infotech has a global presence which includes 23 software development centres and 44 sales offices.
Founded as L&T Information Technology Ltd in December 1996, LTI is a listed subsidiary, 74% owned by Larsen & Toubro (L&T). During 2001–2002 the company's name was changed from L&T Information Technology Limited to Larsen & Toubro Infotech Limited and in the same year, the company achieved the assessed level of Software Engineering Institute's (SEI) Maturity Level 5.
The Company set up a fully functional and comprehensive Network Operations Centre (NOC) using the CA Unicentre platform which is being used at six locations with 2000 workstations the company developed capabilities in comprehensive billing solutions for Telcos comprising subscriber hierarchy management tariff and billing engine debt escalation engine etc. it also developed capabilities in setting up Fraud Management Control Centres (FMCC).
During the year 2002-2003 the company achieved the SEI CMM Level 5 for all verticals and development centres and in the same year the company has been successful in positioning itself for certain large outsourcing deals notwithstanding the size handicap primarily by leveraging its parentage of the L&T Group.
In 2013–14, L&T Infotech's engineering services segment and parent Larsen & Toubro's design and engineering division were consolidated under a pure-play engineering, research and development services company called L&T Technology Services.
In July 2016, L&T Infotech went public via an initial public offering (IPO) of 1,243 crores (US$184.98 million). On 27 June 2018 L&T Infotech Ltd. inaugurated its latest global delivery centre in Johannesburg. The 30000+ sq. ft. state-of-the-art centre with a capacity of 250 seats will help the company expand its operations in South Africa across all sectors.
Mission
“Enable our clients to improve the effectiveness of their business and technology operations and deliver value to their customers, employees and shareholders.”
Vision
“Unrivalled real-world expertise to solve the most complex challenges of enterprises across all industries.”
Recognition and Awards
References
https://en.wikipedia.org/wiki/Larsen_%26_Toubro_Infotech
https://www.business-standard.com/company/l-t-infotech-18105/information/company-history
https://www.lntinfotech.com/company/
https://www.moneycontrol.com/india/stockpricequote/computers-software/larsentoubroinfotech/LI12
https://co.linkedin.com/company/l&t-infotech
https://www.bloomberg.com/profile/company/7656375Z:US
https://www.reuters.com/markets/companies/LRTI.NS
https://www.servicenow.com/partners/partner-finder/landt-infotech-ltd.html
https://www.investing.com/equities/larsen-toubro-infotech-ltd
https://www.outsystems.com/partners/larsen-toubro-infotech-ltdsa/
Technology
Media and Communications