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Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.
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About
Based out of Mumbai, Larsen & Toubro Infotech Limited is one of India’s leading IT services and consulting companies. It primarily imparts cloud and infrastructure services, cyber defence resiliency services, app development and maintenance services, assurance and quality engineering services and system integration to its clients across a multitude of industries.
With a presence in 30+ countries, 35 delivery centres, 55 sales offices and more than 450 clients globally, L&T Infotech employs around 45,000 employees worldwide. It is in strategic alliance with global companies such as Adobe, Cisco, IBM, Microsoft, Oracle, PEGA, etc. In the past, it has also acquired various startups & companies, such as AugmentIQ, Ruletronics, Cuelogic, etc., to increase its business and gain synergy benefits.
Business Verticals
Cloud
LTI's cloud transformation strategy and platform provide a complete suite of modern engineering tools and processes to achieve exponential business outcomes.
Consulting
One of their most well-known solution, this service powers every aspect of a business through digital technologies in an agile manner to help them thrive. Their consulting vertical includes many categories to cater to many business domains.
Cloud Infrastructure Services
With an ever-evolving business ecosystem, there's a shift towards digital data. LTI's Cloud and Infrastructure Services (CIS) provide digital infrastructure services to businesses with a focus on technology, automation, intent-driven IT, tool-based service delivery, and operational excellence.
Agile
Regardless of domain and size, businesses need to become highly Automated, Adaptable and Agile to keep up with market demands. LTI's technological transformation is rooted in Agile and DevOps to ensure efficiency and cost-saving.
Assurance and Quality Engineering
LTI's Assurance and Quality Engineering offers services to boost the efficiency of the test authoring process and its execution through process reengineering principles. Their Assurance Platform leverages Automation, DevOps practices, Cloud, Mobile and Advanced Data Analytics.
Cyber Defense
Businesses are struggling to safeguard their technical assets and pursue business growth, at the centre of increasing cyber threats. LTI has been at the forefront of growing cyber vulnerability and offers active Cyber Defense Resiliency Solutions to enhance cyber security.
Application Management
With the high demand for Application Development and Maintenance (ADM) Services, businesses seek effective services to maintain and upgrade their apps. LTI helps companies launch and manage their application at reduced costs through Application Development, Maintenance and Enhancements, Custom Solution Implementation, Legacy Modernization, Enterprise Application Integration and Data Transformation.
L&T Infotech Ltd. commenced operations in 1997 as a subsidiary of L&T Limited. It achieved SEI-CMM-L5 certification in 2002 and acquired US-based GDA Tech Inc. The following year they started operations in South Africa. In 2004, they launched Experience Theatre for Oracle Technologies in the US. In 2016, they launched an IPO to raise funds from the public. They entered the Nifty Next 50 in 2020. In 2022, L&T Infotech entered the 25th year of its operations and announced the merger with Mindtree. The merger is subject to shareholder and regulatory approvals yet.
Milestones
1997 - Started as L&T’s subsidiary.
2004 - 1st large multi-year contract from a global energy company.
2007 - Acquired US-based GDA Tech Inc.
2011 - Acquired Transfer Agency Business Unit of Citigroup Fund Services Canada.
2014 - Inaugurated Experience Theatre for Oracle Technologies in the US.
2015 - Acquired ISRC from Otis Elevator Company.
2016 - Part of top 20 IT Service Providers by Everest Group; IPO; acquired AugmentIQ.
2017 - Syncordis acquisition in Nov ’17.
2018 - Awarded PEAK MatrixTM Service Provider of the Year 2018.
2019 - Acquired Ruletronics, Nielsen+Partner, Lymbyc, and Powerupcloud.
2020 - Becomes a part of the Nifty Next 50 Index.
2021 - Fastest growing brand in Brand Finance IT Services 2021 global ranking; acquired Cuelogic.
2022 - The silver jubilee year. LTI and Mindtree announce the merger.
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- Managing Director & CEO
- Mr. Debashis Chatterjee
- ISIN
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FAQs
share price is ₹00 As on 03 December, 2024 | 19:27
While the company’s consolidated sales and net income stood at INR 15,669 crores and INR 2,297 crores respectively, its standalone sales and net income were INR 14,406 crores and INR 2,261 crores for the year ending March 2022.
Analysts are bullish on the company’s performance. Its share price is expected to grow to the levels of INR 6,500 from the present 4,330 levels.
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