L&T Technology Services
Listed on the National and Bombay Stock Exchanges, L&T Technology Services is an engineering services company. The company is based in Vadodara, Gujarat. Founders
LTTS is an engineering firm that offers a wide range of engineering and digital solutions to customers. Its core business is in product development, smart manufacturing technologies, and digitalization. In addition, the company provides services across industries, value chains, and countries. LTTS employs more than 16000 professionals across 25 global sales offices. LTTS has been recognized as an established technology leader by industry experts. In the last year, it increased its net profit by 7.0% to Rs 8,224 Million for the year ended March 31, 2020.
LTTS has been a partner with Microsoft for several projects including the construction of a smart campus in Israel for a leading technology company. The firm has also partnered with Kudelski Group for automotive IoT solutions. It is also a member of the SRT Alliance, a consortium that provides cutting-based video transport technology. In May of 2022, LTTS will open an engineering center in Krakow, Poland. It will also collaborate with Cadence for Smart Connectivity.
The firm has a wide variety of services in the areas of design, embedded systems engineering, and process engineering. In addition, LTTS focuses on research, innovation, and product development. The firm has a number of innovation labs around the world. Its service portfolios are well-defined in each area of technology. In addition, the company is a participant in the Intel AI Builders Program. It also launched the enhanced version of i-BEMSTM solution on Microsoft Azure, which transforms buildings into future-ready smart campuses.
L&T Technology Services is the second subsidiary of the $20 billion Indian conglomerate, L&T. Its other subsidiaries include L&T Infotech (Germany), L&T Aerospace (India), and L&T Integrated Engineering Services. Its main headquarters is in Mumbai, India. The firm was founded by Anil Manibhai Naik and is led by Keshab Panda, the company's CEO. It was the second L&T subsidiary to go public. LTTS raised 1.04 crore shares in an initial public offering held on September 12 and 15. LTTS is a leader in the fields of product design, product development, and digitalization.
LTTS provides a number of products and solutions in the fields of digital engineering, Internet of Things, smart manufacturing technologies, and analytics. In addition, the company also develops advanced silicon products and perceptual computing. It is the developer of the i-BEMSTM solution that turns buildings into smart campuses. Facilities
LTTS Technology Services Limited is an India based Engineering Research and Development (ER&D) service provider which offers turnkey engineering solutions for automotive and aerospace companies, process engineering firms, and digital manufacturing startups. L&T Technology Services is also one of the largest pure play engineering services companies in the world. It has over 8,000 engineers working from nine nationalities, serving 200 customers worldwide.
The company has a global footprint with offices and centers in the US, UK, France, Spain, Poland, Russia, Ireland, Japan and India. The latest addition to the portfolio is an ER&D center in Toronto which will be an ideal hub for digital engineering and design initiatives of Canada-based clients. The centre will focus on digital solutions for the transportation industry. In addition, the company plans to hire more than 100 engineers in the next 18-24 months. The new center will be able to support all aspects of digital engineering, from data visualization and visualization solutions to advanced mobility and communication systems.
In addition, the company has a state of the art EV lab in Bengaluru. The center is powered by some of the latest production automation technologies and features a rapid turnaround time. Its EV lab can provide customers with a hands-on evaluation of the various EV technologies and their performance. Other features include dedicated automotive labs for ADAS, infotainment and tear-down activities. The Electrification & Prototype (EP) center is a turnkey design facility with an array of engineering and testing capabilities. Its quality and testing capabilities are ISO9001 certified.
The company has also opened the Engineering Design Centre in Toulouse. The centre boasts of its most technologically advanced product offerings, including the best in class ADAS, automotive, and process design and manufacturing. The centre also has a dedicated engineering and technology centre in Krakow, Poland. The centre is the first of its kind to be based in the European Union. It is a clear sign of LTTS' commitment to the region. Moreover, it is an important step towards strengthening ties between the two nations. Exports to North America, Europe, Middle East, Japan and other Asia-Pacific (APAC) countries
Among the many technology services L&T Technologies has to offer, its 132/11 kV electrical substation design and associated cabling has snagged a big contract in Dubai. The company has also bagged a major order in Kuwait refinery. As the power distribution industry matures, it is increasingly important to develop innovative solutions to address emerging challenges. As the market for electric power grows, so does the need for effective and efficient power grids.
While North America holds the crown for market size and penetration, Europe and the Middle East & Africa have the potential to offer growth opportunities for technology services providers. For instance, the US is home to the largest single component of its national power grid, and its utility sector is experiencing high levels of power consumption. As a result, the country is undergoing replacement work for aging infrastructure. The increasing demand for uninterrupted power supply in these regions is a key driver for growth. The region is also a growing market for digital substations, as the demand for smart metering and smart grids increases. This is due to the fact that many areas of the electricity network are implementing new technologies to expand existing systems.
As the market for power grids and transmission systems grows, the demand for alternative electricity generation sources such as wind and solar is also increasing. The regulatory environment is supportive of alternative energy, and utilities are making moves to increase their installed renewable energy capacity. This is likely to keep the markets for solar and wind powered generation moving forward.
The company has even won a contract to supply four gas insulated switchgear and seven substation extensions for a project in Benin. This is the first of its kind in the country, and the company hopes to secure several additional contracts in the coming years. It is also planning to deliver a substation to the city of Abu Dhabi in the United Arab Emirates. In addition, L&T has signed up for a large order to design a 132/11 kV electrical substation for Egypt, and has received a major contract in Kuwait. Moreover, it has a strong presence in the Asia-Pacific region with major contracts in China, India and Singapore.techanalyses.com Partnerships
LTTS has established itself as a leading engineering services provider, with deep domain expertise and an ability to scale. The company's capabilities range from design, development, and testing of mechanical and electrical systems to power electronics, embedded systems, and Internet of Things (IoT) applications. It has a strong customer base of industrial products, transportation, medical devices, and process industries. In addition to its core competencies in telecommunications and engineering, LTTS also serves the aerospace and defense industries. Its expertise and solutions have been recognized by global organizations, including John Deere, NVIDIA, and Rockwell Automation.
L&T Technology Services' partnership with Rockwell began in 2006. It expanded to other Rockwell businesses over the course of a decade. As part of this collaboration, LTTS contributed patents related to several of Rockwell's products. The relationship was strengthened by a series of joint R&D projects. L&T has worked with Rockwell on a number of IoT initiatives for Smart Manufacturing. It has also been instrumental in developing the Internet-of-Everything Lab, which is focused on integrating various industries, showcasing how emerging technologies can be used to create smarter workplaces and cities.
The LTTS and Rockwell Automation relationship is rooted in a commitment to quality, continuous improvement, and a willingness to collaborate with partners. It is a testament to LTTS' commitment to the industry and its customers.
L&T Technology Services Limited is a wholly owned subsidiary of Larsen & Toubro Limited, an Indian multinational company. Its operations span over 30 countries around the world and focus on engineering and R&D services. Besides engineering services, L&T Technology Services offers consultancy, product development, and design solutions across its product development chain. Its customer base includes the world's top ER&D companies.
L&T Technology Services is a digital engineering solutions partner for companies looking to transform their business. It provides end-to-end engineering support, innovative services, and robust platforms to help companies drive value and innovation. It also provides products and services in rapidly emerging areas, such as 5G and AI-on-5G. Its solutions include the Internet of Things, M2M, ADAS, and powertrain. It has partnerships with the Indian Institute of Science, IISc, and Coventry University.