LTI is working with several clients across BFSI, Manufacturing, Energy, Media and Government to help monetize the benefits of Blockchain through disruptive business models
FY 2018-19 had been a good year for Larsen & Toubro Infotech (LTI), as it clocked an revenue of USD 1,400 Mn i.e., 21 percent YoY growth. The company has also been on an acquisition spree to strengthen its digital capabilities. It acquired Ruletronics, a pure-play Pega consulting and implementation company this year. The acquisition strengthens LTI’s rapidly growing digital business with a suite of capabilities in Pega implementation space around establishing BPM roadmap and strategy, customer services, RPA and decisioning.
The company’s long-term relationship with SAP also got upgraded to Global Strategic Services Partner (GSSP) level across industries, enabling it to deliver ERP transformations(SAP S/4HANA) for its Fortune 500 clients globally. LTI opened its global delivery center in Johannesburg to expand its operations in South Africa across all sectors. This center will create and deliver cutting-edge digital solutions for clients in the areas of Big Data, Cloud, SaaS, IoT and Digital Transformation. Customers will also experience the convergence of physical and digital world at the latest Mosaic Experience Centre coming up at this location.
LTI has a well-diversified portfolio across industries, regions and services. The deep domain understanding has also helped them to serve the clients better. The broad-based growth involved all key verticals including the BFSI sector, where it saw a robust growth. LTI’s subsidiary, Syncordis became a strategic partner of banking software major, Temenos. It also acquired an independent Temenos WealthSuite specialist, Nielsen + Partners this year strengthening its capabilities as a global expert of Temenos suite of products and enriching company’s offerings to Banking clients.
It has also expanded its alliance with ACORD, the global data standardssetting body for the insurance industry to develop a comprehensive set of digital standards and solutions for the Insurance industry. To focus specifically on Industry 4.0 solutions and Internet of Things (IoT)-based innovations in Manufacturing and Oil & Gas sectors, LTI also opened a Center of Excellence (CoE) in Bengaluru last year in alliance with PTC.
LTI is working with several clients across BFSI, Manufacturing, Energy, Media and Government to help monetize the benefits of Blockchain through disruptive business models, improved customer experience and significant cost reduction. It has built several ready-to-deploy solutions in the areas of trade finance, supply chain, travel insurance, and rights and royalty management among others. LTI was also recognized by Microsoft for an innovative solution on Microsoft Azure focused on improving procure-to-pay processes and improved supply chain visibility leveraging Blockchain.
The large deals traction too picked pace. LTI bagged new deals worth $600 million in the last 10 quarters. The focus on leveraging digital technologies to solve the challenges of physical and digital convergence and strategic differentiations such as enabling data-driven organization, focusing on enriching end-user experience for clients and digitizing the core to modernize the business intelligence framework have resonated well so far with its clients and have helped to put it a strong growth trajectory for the coming years.
—SANJAY JALONA CEO & MD, L&T Infotech