About the Company

L&T Technology Services Limited (LTTS) is a leading global pure-play engineering research and development (ER&D) services company and a listed subsidiary of Larsen & Toubro Limited. Incorporated and domiciled in India with its registered office at L&T House, N.M. Marg, Ballard Estate, Mumbai 400 001, LTTS provides design, development, consultancy and sustenance services across products and processes to customers in manufacturing, industrial products, medical devices, telecom and hi-tech, and process industries worldwide . The Company operates across 25 countries with 23 global design centres, 30 global sales offices and 108 innovation labs, serving 69 Fortune 500 companies and 57 of the Top 100 global ER&D spenders; its consolidated workforce stood at 24,258 as of March 31, 2025 . LTTS positions its offerings around three focus segments—Mobility, Sustainability and Tech—under the banner “Purposeful. Agile. Innovation.”

Products and services span embedded systems, mechanical and digital engineering, chip-to-cloud systems integration, and software and platforms, including AI-enabled solutions and industry-specific platforms . The Company reported that Larsen & Toubro Limited held 73.66 Per cent of its equity share capital as at March 31, 2025 . LTTS had 18 subsidiaries as at March 31, 2025 (including step-down subsidiaries)  .

Key milestones include a strategic repositioning into three segments in H2 FY25; a growing patent portfolio of over 1,500 filings, including 190 in AI/GenAI; and recognition as a Great Place to Work in the U.S. (second year) and in Japan (first time)  .

Business Segments

– Segment mix (FY25): Tech 37.0 Per cent; Mobility 32.9 Per cent; Sustainability 30.1 Per cent .

– Geography mix (FY25): North America 52.2 Per cent; Europe 17.7 Per cent; India 22.9 Per cent; Rest of the World 7.2 Per cent .

– Exports contributed 77.2 Per cent of total turnover (domestic balance) .

Key Management

– Amit Chadha – Chief Executive Officer & Managing Director .

– Abhishek Sinha – Executive Director & President – Medical, Smart World & Functions .

– Alind Saxena – Executive Director & President – Mobility & Tech .

– Rajeev Gupta – Chief Financial Officer .

– Prasad Shanbhag – Company Secretary (with effect from May 1, 2024) .

Latest Updates

– Acquisition: LTTS and its subsidiary acquired 100 Per cent stakes in Intelliswift Software (India) Private Limited and Intelliswift Software, Inc., effective January 3, 2025, enhancing capabilities in Software Product Development, Platform Engineering, Digital Integration, and Data and AI; Intelliswift serves four of the Top 5 Hyperscalers and 25+ Fortune 500 companies  .

– New sub-segment: Integration of the acquisition led to the creation of a new Software & Platforms sub-segment .

– Innovation: Launch of the NVIDIA AI Experience Zone at the Bengaluru design hub to advance sector-specific AI solutions; patent filings crossed 1,500, including 190 in AI/GenAI .

– Recognitions and deals: Featured among Top 3 global pure-play Engineering Services in Everest Group’s rankings; secured a marquee USD 80 Million TCV deal and multiple large wins; launched new offerings such as LTTSiDriVe, FactoryNext Framework and GENIQ during the year .

– Facilities and people: Expansion of facilities in Vadodara, Chennai and Mysuru; Great Place to Work certification in the U.S. and Japan in FY25  .