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L&T Technology Services — Company Profile
L&T Technology Services
L&T Technology Services Limited (LTTS) is a leading pure-play global engineering and R\&D (ER & D) services provider, offering consultancy, design, development, and testing across the product and operational lifecycle.
Formed in 2012 (originally L&t Integrated Engineering Services), it serves as the tech and innovation arm of the Larsen & Toubro (L&t) conglomerate.
The company is publicly listed on both the NSE (LTTS) and BSE (540115).
2. Leadership, Workforce & Locations
Headquarters: Vadodara, Gujarat, India.
CEO & MD: Amit Pal Chaddha.
As of March 2024, LTTS employed approximately 23,800 professionals.
Operates across 22 global design centers, 28+ sales offices, and 90+ innovation labs.
3. Segments & End Markets
LTTS structures its offerings under three strategic business segments:
Industries served include automotive, aerospace, telecom, rail transportation, medical devices, industrial products, plant engineering, smart cities, and more.
4. Innovation & Capabilities
Recent acquisitions such as Smart World & Communication (2023) and Intelliswift (\~\$110M, 2024) expanded LTTS’s reach into connectivity, cybersecurity, and digital capabilities.
Its portfolio includes innovative solutions and platforms like Aice, AiKno, Avertle, Chest-rAi, Flyboard, and more.
LTTS boasts a rich IP ecosystem—over 590 patents filed, including collaborations with 53 of the Global Top 100 ER\&D spenders.
5. Clients & Competitive Edge
Trusted by 69 Fortune 500 firms and 57 of the top global ER\&D spenders.
Maintains a \~90% repeat business rate, underscoring strong client loyalty.
Known for cross-industry innovation, leveraging multi-industry insights to deliver tailored, breakthrough solutions.
LTTS is a strategic ER\&D powerhouse within the L&t group, driving innovation across mobility, sustainability, and tech. With a global footprint, a high roster of patents, and strong client relationships, it stands poised to shape the future of engineering and digital transformation.
