Larsen & Toubro Infotech

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L&T Infotech
Subsidiary
Industry IT services and IT consulting[1]
Founded 1997
Headquarters Mumbai, Maharashtra, India
Key people
Sanjay Jalona (CEO & MD)
Services Digital & Automation Solutions, IT service management, IT consulting
Revenue US$ 887 million (2016)[2][3]
Number of employees
19,751 (September 2016)[4]
Parent Larsen & Toubro
Website lntinfotech.com

Larsen & Toubro Infotech, a subsidiary of Larsen & Toubro,[5] is a global IT solutions & services company based in Mumbai, India.[6] L&T Infotech is ranked number 6 [7] in India IT companies in 2013–2014. The company has 39 registered offices in 23 countries.[6] It employs standards of the Software Engineering Institute's (SEI) Capability Maturity Model Integration (CMMI) and is a Maturity Level 5 assessed organisation.[8] Sanjay Jalona is the new MD & CEO of L&T Infotech[9]

History[edit]

Originally founded as L&T Information Technology Ltd (Read as L&T-IT), a completely owned subsidiary of Larsen & Toubro Ltd (L&T).[5] The company changed its name to L&T Infotech on 1 July 2001.In December 2006, L&T Infotech acquired GDA Technologies (a privately held electronic design firm based in California, United States) and all of its design centres in India and USA. Sanjay Jalona[10] is the CEO & Managing Director at L&T Infotech.

Acquisitions[edit]

  • GDA Technologies Incorporated: L&T Infotech acquired GDA Technologies Inc, a leading Electronic Design Services (EDS) and silicon intellectual property (SIP) solution provider for the Embedded, Networking, and Consumer Electronics Market, in December 2006.[11]
  • Captive technology center of Citigroup Fund Services Canada Inc: In January 2011, L&T Infotech acquired the captive technology centre of Citigroup Fund Services Canada Inc.[12]
  • Information Systems Resource Centre Pvt Ltd (ISRC): In October 2014, L&T Infotech acquired ISRC a subsidiary of Otis Elevator Company, which is a part of UTC Building & Industrial Systems, a unit of United Technologies Corporation [13]
  • AugmentIQ Data Sciences Pvt. Ltd : In October 2016,L&T Infotech announced that it will acquire Pune based AugmentIQ Data Sciences Pvt. Ltd., an innovative start-up offering IP-based, big data and analytics solutions that help enterprises derive business benefits from big data.[14]

Location of Offices[edit]

L&T Infotech in Chennai

L&T Infotech has its presence across the following regions:[6]

  • India: Mumbai (Powai), Navi Mumbai (Airoli, Mahape), Pune (Shivaji Nagar, Hinjewadi, Yerwada), Bangalore/Bengaluru (Whitefield), Chennai (Manapakkam),
  • North America: USA & Canada
  • Europe: England, Germany, Denmark, France, Sweden, Norway, Finland, Belgium, Ireland, Netherlands
  • Middle East: Kuwait, United Arab Emirates, Saudi Arabia, Qatar, Oman
  • Australia & New Zealand
  • South America: Costa Rica
  • Africa: South Africa
  • Asia Pacific: Australia, Japan, Korea, Singapore, Philippines, China.[15]

Subsidiaries[edit]

  • Larsen & Toubro Infotech GmbH
  • Larsen & Toubro Infotech Canada
  • GDA Technologies Inc
  • GDA Technologies Limited
  • Larsen & Toubro Infotech LLC

Controversy[edit]

On 30 May 2016 a massive hunger strike took place in Chennai's IT Corridor on unethical practices of L&T infotech Management to revoke offer letter of 1500+ recruits after waiting for a brief period of 18 months.[16][17][18][19] On 31 May representatives from knowledge professional forum and affected recruit along with Rajya Sabha MP T. K. Rangarajan meet Tamil Nadu IT minister Dr. Manigandan gave a grievance letter on this issue.[20] On July 11,Over 30 students along with Knowledge professional forum conducted a token protest against unethical L&T Infotech management in front of Chennai l&t infotech office with powerful slogans 'Boycott L&T Infotech IPO',' We want justice', 'Anti development is L&T Infotech' and 'Anti-National is L&T Infotech'.[21]

See also[edit]

References[edit]

  1. ^ "Larsen & Toubro Infotech Limited: Private Company Information - BusinessWeek". Investing.businessweek.com. Retrieved 11 July 2012. 
  2. ^ "Sudip Banerjee, CEO, L&T Infotech". Retrieved 11 July 2012. 
  3. ^ "Now, L&T jumps into Hexaware race to reboot Infotech". Business Standard India. Retrieved 11 July 2012. 
  4. ^ "Earnings Release & Fact Sheet Second Quarter, Fiscal 2017" (PDF). www.lntinfotech.com. Retrieved 19 July 2016. 
  5. ^ a b "Sanjay Jalona CEO & MD of L&T Infotech". www.lntinfotech.com. L&T Infotech. Retrieved 2016.  Check date values in: |access-date= (help)
  6. ^ a b c "L&T Infotech Locations". L&T Infotech. Retrieved 6 April 2015. 
  7. ^ "Nasscom Industry Ranking". NASSCOMM. Retrieved 9 July 2012. 
  8. ^ "expresscomputeronline". 1 April 2002. Retrieved 25 November 2012. 
  9. ^ "L&T Subsidiaries". L&T. L&T. Retrieved 9 July 2012. 
  10. ^ Jalona, Sanjay. "Sanjay Jalona - CEO & MD". CEO & MD at L&T Infotech. Retrieved 11 February 2016 – via times of india. 
  11. ^ Bs Reporter (14 December 2006). "L&T Infotech acquires US-based GDA Tech". Retrieved 6 August 2015. 
  12. ^ Shivani Shinde (1 February 2011). "L&T Infotech acquires Citigroup's Canadian IT unit". Retrieved 6 August 2015. 
  13. ^ BS Reporter (28 October 2014). "L&T Infotech completes acquisition of ISRC". Retrieved 6 August 2015. 
  14. ^ http://www.business-standard.com/article/companies/l-t-infotech-announces-the-acquisition-of-pune-based-startup-augmentiq-116102501039_1.html.  Missing or empty |title= (help)
  15. ^ "Global Footprint | L&T Infotech". www.lntinfotech.com. Retrieved 11 February 2016. 
  16. ^ "Business Line". 
  17. ^ "Business standard". 31 May 2016. 
  18. ^ "Times Of India". 30 May 2016. 
  19. ^ "Financial Express". 
  20. ^ "New Indian Express". 
  21. ^ "NewIndianExpress". 

External links[edit]