Larsen & Toubro Infotech
From Wikipedia, the free encyclopedia
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| Type | Private |
|---|---|
| Founded | Mr Henning Holck-Larsen and Mr Soren Kristian Toubro |
| Headquarters | Mumbai, Maharashtra, India |
| Key people | Mr. Sudip Banarjee , Chief Executive |
| Industry | Software services |
| Employees | 15,000 |
| Parent | Larsen & Tourbo |
| Website | lntinfotech.com |
L&T Infotech is a global IT services and solutions provider. Their clients include industry leaders like Chevron, Freescale, Hitachi, Sanyo and Lafarge, among others.
The parent company is Larsen & Toubro Ltd. (L&T), a technology, engineering, manufacturing and construction conglomerate, with global operations.
[edit] History
Originally founded as L&T Information Technology Ltd (LTITL), a wholly-owned subsidiary of Larsen & Toubro Ltd (L&T), the company changed its name to L&T Infotech on 1 April, 1997[1]. In 2004, it tied up with Fidelity Information Services, a division of Fidelity National Financial to provide banking solutions for the Indian banking industry[2]. In 2005, L&T Infotech was rated amongst the top 5 preferred employers for the class of 2005 by AC Nielsen.
In December 2006, L&T Infotech acquired GDA Technologies (a privately held electronic design firm based in California, USA) and all of its design centers in USA and India, for an undisclosed consideration.[3][4]
In April 2007, The Economic Times reported that L&T Infotech Ltd. is looking to buy three to four firms with revenues of $50 million or less in the banking and financial services segment.[5]
In February 2008, L&T Infotech stated that it will acquire a US firm in the manufacturing vertical for about $300 million within a year. L&T Infotech has recently signed Global Partnership with SAP[6]
[edit] References
- ^ Renamed L&T Infotech
- ^ L&T, Fidelity in pact to offer banking soln
- ^ "L&T Infotech acquires GDA Technologies". 2006-12-13. http://www.planetpowai.com/news/27082006001.html. Retrieved 2006-12-13.
- ^ L&T Infotech acquires GDA Technologies
- ^ L&T Infotech looks to acquire 3-4 firms - paper
- ^ "L&T Infotech eyes US firm in manufacturing domain". The Economic Times (The Times Group). 14 February 2008. http://economictimes.indiatimes.com/Latest_News/LT_Infotech_eyes_US_firm_in_manufacturing_domain/articleshow/2783369.cms. Retrieved 2008-04-17.
