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L&T Technology Services Ltd. Company History and Annual Growth Details

The Company was incorporated as L&T Technology and Engineering Services Company Limited on June 14, 2012 at Mumbai as a public limited company under the Companies Act, 1956. the Company received the certificate of commencement of business on June 20, 2012. Subsequently, the name of the Company was changed to L&T Technology Services Limited pursuant to a special resolution passed by Shareholders at the EGM held on July 19, 2012. As the engineering services business of the Company is sub-set of technology services, the name of the Company was changed to L&T Technology Services Limited to more appropriately describe the business in line with the CompanyÂs main objects. Pursuant to the change of name, a fresh certificate of incorporation was issued to the Company by the RoC on July 25, 2012. As of the date of this Red Herring Prospectus, the Company has seven shareholders including six individuals who hold Equity Shares jointly with the Promoter as nominees.

Major events and milestones of the Company :

2013

-Incorporation of the Company.

2014

-The Company acquired the PES Business (except the unit in Germany) from LTIL.

2015

-The Company acquired the unit of PES Business in Germany from L&T Infotech GmbH.

-The Company acquired the IES Business from L&T.

-The Company acquired 74.0% stake in TSIPL.

-The Company acquired the engineering services division of Dell, India.

-The Company acquired the engineering services division of Dell, USA through the wholly owned subsidiary, LTTS LLC.

2016

- L&T Technology Services inks multi-million dollar contract with global semiconductor firm.
- L&T Technology Services, CeNSE, IISc join hands for innovation in Nanotechnology and Sensors.
- L&T Technology Services launches new Center of Excellence in U S dedicated to Digital Engineering
- Indo-American Chamber of Commerce has conferred L&T Technology Services with the Company of the Year Award.
- NASSCOM launched IndiaÂs first Centre of Excellence - Internet of Things (CoE- IoT) in Bengaluru, with L&T Technology Services as a strategic partner

2017
- L&T Technology Services Limited expands its presence in Israel with the launch of a Center of Excellence (CoE) and a sales office
- HfS winners circle- Embedded and Semoconductor Eng Services
- L&T Technology Services cements its position as a leader in overall ER&D Services, also rated as a leader in 10 verticals by Zinnov
- L&T Technology Services conferred with CII Industrial Innovation Awards, 2017
- L&T Technology Services Limited sets up development center dedicated to support Danish wind energy leader Vestas
- L&T Technology Services Collaborating with Wind River for Intelligent Systems
- NASSCOM confers L&T Technology Services Limited with prestigious Digital Skills Award for 2017
- L&T Technology Services launches rural youth focused skilling initiative NAYA SAVERA in Nagpur
- L&T Technology Services rated in the Leadership Zone across 7 unique expertise areas for Zinnov Zones IoT
- L&T Technology Services and PTC Unveil Industry 4.0 Center of Excellence
- L&T Technology Services conferred with World Quality Congress Award for Quality Excellence in Planning, Processes & Systems
- L&T Technology Services Limited positioned in Winners Circle by HfS in Industry 4.0 blueprint report
- L&T Technology Services wins Smart City & Campus project
- L&T Technology Services conferred with Prestigious Golden Peacock National Quality Award
- L&T Technology Services unveils new delivery center for leading German Original Equipment Manufacturer (OEM) in Munich, Germany
- L&T Technology Services Limited & UTC Commercial Businesses Establish Innovation Lab for Intelligent Buildings, Connected Homes and Cold Chain Logistics
- L&T Technology Services and Dell EMC join hands to roll-out modular smart building solutions to create the Âdigital market of oneÂ

2018
-L&T Technology launches digital industrial solutions.
-L&T Technology bags avionics project worth USD 50 mn.
-L&T Tech integrates Smart City with Microsoft Dynamics 365.
-"L&T Technology Services launches new NB-IoT solution, collaborates with Cadence to facilitate smart connectivity".
-L&T Technology bags multi-year ECM deal in Europe.

2019
-"L&T Technology Services and Kudelski Group Join Forces to Deliver Simple and Secure Industrial and Automotive IoT Solutions".
-United Technologies partners with L&T Technology Services for Collins Aerospace.
-L&T Technology secures new electrification project from European automobile OEM.
-L&T Technology Services opens design centre in United States.
-L&T Technology Services bags multi-million-dollar project in Europe.

2020
-L&T Tech joins Qualcomm program for smart city solutions.

2021
-LTTS partners with Mavenir to deliver 5G automation services.
-"L&T Technology Servicesexpands Intel AI Builders Program offerings with its radiology solution Chest rAI ".
-LTTS partners with Microsoft.

2022
-L&T Technology Services (LTTS) selected as Global Preferred Engineering Supplier by Airbus Group.
-L&T Technology Services wins USD45 million EV deal from U.S. Auto Tier-1.
-L&T Technology Services inaugurates Engineering Design Centre in France.
-L&T Technology Services inaugurates Engineering R&D Centre in Poland to provide Embedded and Digital Solutions to Clients.

2023
-L&T Technology Services Joins Forces with nasscom to Boost Gen AI Startups.
-L&T Technology Services Collaborates With NVIDIA to Unveil Gen AI and Advanced Software-Defined Architecture for Medical Devices.

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