Larsen & Toubro Infotech Ltd (LTI) is a global IT services and solutions provider that operates in over 30 countries. Founded in 1997 as a subsidiary of the Larsen & Toubro group, LTI has since grown to become a leading player in the IT services industry. In this article, we will explore the history of LTI, the company’s services and solutions, its clients, and its financial performance.
History of LTI
As a division of the Larsen & Toubro Infotech Ltd, one of the biggest engineering and construction companies in India, LTI was established in 1997. With only five people at first, the business soon expanded to become a major force in the IT services sector. LTI became a publicly traded firm in 2001, and in 2016 it was listed on the Indian stock exchange, the National Stock Exchange.
Services and Solutions
LTI offers its clients a variety of services and goods, including application development, testing, and maintenance, infrastructure management, digital transformation, consulting, and data analytics. Through the use of cutting-edge technologies and industry best practices, the company’s services and solutions are intended to assist its clients in transforming their businesses.
Application Development
The design, development, testing, and maintenance of unique software applications are all included in LTI’s application development services. A handful of the various technologies in which the company excels include NET, Java, and open-source ones like PHP and Python.
Infrastructure Management
With the help of Larsen & Toubro Infotech Ltd infrastructure management services, companies can maintain a robust, scalable, and secure IT infrastructure. The company provides database administration, network management, server management, and cloud services.
Digital Transformation
Through the company’s digital transformation services, LTI’s clients are helped in transforming their businesses. The company provides consulting services for digital strategy and user experience design in addition to solutions for digital technologies such as blockchain, AI, and machine learning.
Consulting
The consulting services offered by Larsen & Toubro Infotech Ltd assist businesses in streamlining their business procedures and optimizing their IT operations. The business offers services like enterprise architecture consulting, business process consulting, and IT strategy consulting.
Data Analytics
With the use of LTI’s data analytics services, businesses can gain new insights from their data and improve their decision-making. Predictive analytics, data mining, business intelligence, and data warehousing are among the services offered by the organization.
Clients
The banking and financial services sector, insurance, healthcare, retail, manufacturing, and the energy sector are just a few of the many industries that LTI serves as clients. The corporation counts Citibank, Barclays, AIG, ExxonMobil, and Pfizer among its principal customers.
Financial Performance
Over the years, Larsen & Toubro Infotech Ltd has regularly produced impressive financial results. The business recorded sales of INR 11,163 crore for FY 2020–21, an increase of 5.6% over the prior year. The company’s net profit for the year increased by 11.3% over the prior year to INR 1,783 crore.
Company Revenue
Over the years, Larsen & Toubro Infotech Ltd. (LTI) has had consistent revenue growth. The company recorded sales of INR 11,163 crore for FY 2020–21, an increase of 5.6% over the prior year. The company’s solid clientele base and capacity to offer cutting-edge IT solutions to its customers have contributed to its revenue growth.
Market Value
The market value of Larsen & Toubro Infotech Ltd has likewise grown over time. LTI’s market worth as of May 9, 2023, is about USD 9.3 billion. The company’s market value has been boosted by its solid financial results, growing global footprint, and rising demand for IT solutions and digital transformation.
Total Employees
The number of employees at LTI has increased over time. The company employed 38,482 people as of March 31, 2021, a huge growth from its original staff of just five people in 1997. The workforce of the company is dispersed among its international offices, with the majority of its workers headquartered in India.
Larsen & Toubro Infotech Ltd has been able to draw in and keep the best talent in the sector thanks to its emphasis on employee happiness and retention. The organization offers a variety of perks to its employees, including reasonable compensation, adaptable work schedules, and chances for professional development. Additionally, LTI has put in place a number of efforts to enhance worker well-being and a healthy work-life balance, including employee assistance programs, wellness initiatives, and mental health support.
LTI has made a name for itself as a significant player in the IT services industry as a consequence of its strong financial performance, growing global presence, and growing employee base. Due to its focus on innovation, digital transformation, and client happiness, the company has been able to maintain its position as the industry leader. The increased demand for IT solutions and services puts LTI in a solid position to expand over the next years.