L&T Technology Services Unveils Strategic Reorganization
L&T
Technology Services, a leading global digital
engineering and R&D services provider announced that it will be
streamlining and simplifying its organizational structure into 3 main segments
to drive future growth, scalability and technology innovation. The company will
consolidate its existing five segments into three: Mobility, Sustainability,
and Hi-Tech, as part of the company's ‘Go Deeper to Scale’ strategy to meet evolving customer demands.
The newly defined segments are designed to align
with LTTS' core sectors addressing unique differences within each domain,
allowing each segment to build world class solutions, assets and become
best-in-class in their respective areas. As a result, this is expected to drive
deeper focus, customized services & solutions and enhanced client intimacy.
The Mobility segment will encompass Automotive, Commercial Vehicles and
Aerospace verticals. Sustainability will cover Industrial Machinery & Building
Technology, Electric & Power, FMCG and Oil & Gas. The Hi-Tech segment will include MedTech, Semiconductors, Consumer
Electronics, Hyperscalers and NexGen Comm verticals.
Leveraging commonalities of engineering and
technology skills, LTTS will consolidate and strengthen its technology areas
into 3 overarching horizontals – AI
& Software Defined Everything (SDx), Embedded
Systems, and Digital
Manufacturing Solutions. This strategic realignment will allow LTTS to
better leverage its digital assets, labs, and expertise, offering multi-domain
cutting-edge solutions to a global clientele, helping improve its innovation
quotient.
As part of this strategic realignment, LTTS is
integrating sales and delivery into a single cohesive structure to enhance
agility and faster decision making, drive domain-specific synergies, scale
operations and deals, and deliver greater value to both customers and employees.
"Over
the past decade LTTS has established itself as the largest pure-play
engineering services provider based in India,” said Amit
Chadha, CEO & Managing Director, L&T
Technology Services (LTTS). “As
technology cycles shorten, and clients continue to look for specific solutions
and domain expertise, we believe it is time to go deeper to scale. By
consolidating into 3 unifying segments and 3 horizontals, we will enhance our
ability to address the evolving needs of our customers across diverse
industries and geographies. It will also enable LTTS to become the strategic
partner across the Customer’s Life Cycle Journey, from the point of inception
to guiding them through every stage of transformation.”
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