L&T Technology Services (LTTS) is a top firm in engineering and tech. It has won an $80 million deal from a US-based company that makes industrial products and solutions for many years. This deal shows that LTTS is growing and is good at digital change.
Bringing new ideas with tech
With this deal, LTTS will speed up the client’s digital change using new tech like smart products and digital threads. These new ideas will make work faster and help create more products on a big scale.
Building a centre of excellence in India
LTTS will make a special Centre of Excellence (CoE) in India as part of this deal. This place will be a key spot for new ideas. It will help the client manage the life of their products and grow their use of new digital tech.
Growing global reach
LTTS says this work will not just help the client with digital change but also help them grow their reach around the world. Companies are increasingly using AI, robots, and smart solutions. LTTS wants to be a big part of this change.
CEO’s plan for the future
Amit Chadha, CEO & Managing Director of LTTS, shared his thoughts on this deal:
“This work shows how LTTS can guide long-term digital change for firms worldwide. By using AI insights, smart solutions, and our strong tech skills, we want to help our clients roll out top-quality products fast and give more to their clients.”
Bright outlook for FY25
With this new deal, LTTS sees a near 10% growth in money for FY25. The company has also reached a record number of deal bookings, with eight big deals in different areas, like:
One deal worth $50 million
Two deals worth $35 million each
Two deals worth $25 million each
Three deals worth $10 million each
With this strong push, LTTS is ready to remain a leader in engineering and digital solutions worldwide.
