L&T Technology Services Earns Global Recognition for Growth and Innovation

L&T Technology Services Limited (LTTS), a leading player in the global digital engineering and R&D services landscape, has secured a prestigious accolade. Information Services Group (ISG), a renowned global technology research and advisory firm, has named LTTS a Top 15 Sourcing Standout in its 1Q 2024 Global ISG Index™. This recognition signifies LTTS’ exceptional performance and commitment to growth.

Breakthrough Recognition on a Global Scale

The ISG report categorises L&T Technology Services within the “Breakthrough 15” globally, highlighting companies that have achieved significant growth in annual contract value (ACV) over the past year. This distinction places LTTS among the industry’s leading providers, solidifying its position as a key player in the digital engineering and R&D services domain. Furthermore, the company received similar recognition in the Americas and Asia Pacific regions, showcasing its regional strength as well.

Factors Fueling Growth

L&T Technology Services’ impressive performance can be attributed to several key factors. The company’s rich engineering heritage and expertise across diverse industry verticals have positioned it for remarkable growth, which translates into substantial revenue improvements and a consistently strong compound annual growth rate (CAGR).

A critical driver of this success is LTTS’ strategic investment in reusable technological assets and solutions. By allocating approximately 2% of its annual revenues towards sustainable growth and innovation, the company fosters a continuous advancement cycle.

“Being chosen as a Top 15 Sourcing Standout reflects our deep commitment to excellence and innovation in the field of technology services, along with our focus on R&D and the digitalisation of engineering services. This recognition isn’t just an important milestone for L&T Technology Services and an accolade that echoes across the industry. Our relentless pursuit of quality, customer satisfaction, and exploring the latest technology have been key factors. We extend our gratitude to our stakeholders, customers and employees, without whom this feat wouldn’t have been possible,” said Alind Saxena, President-Sales and Executive Director of L&T Technology Services Limited.

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