L&T In­fotech

LTI is work­ing with sev­eral clients across BFSI, Man­u­fac­tur­ing, En­ergy, Media and Gov­ern­ment to help mon­e­tize the ben­e­fits of Blockchain through dis­rup­tive busi­ness mod­els

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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.


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