Larsen & Toubro 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
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
- 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]
Location of Offices
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.[14]
Subsidiaries
- Larsen & Toubro Infotech GmbH
- Larsen & Toubro Infotech Canada
- GDA Technologies Inc
- GDA Technologies Limited
- Larsen & Toubro Infotech LLC
Controversy
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.[15][16][17][18] 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.[19] 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'.[20]
See also
References
- ↑ "Larsen & Toubro Infotech Limited: Private Company Information - BusinessWeek". Investing.businessweek.com. Retrieved 11 July 2012.
- ↑ "Sudip Banerjee, CEO, L&T Infotech". Retrieved 11 July 2012.
- ↑ "Now, L&T jumps into Hexaware race to reboot Infotech". Business Standard India. Retrieved 11 July 2012.
- ↑ "Earnings Release & Fact Sheet Second Quarter, Fiscal 2017" (PDF). www.lntinfotech.com. Retrieved 19 July 2016.
- 1 2 "Sanjay Jalona CEO & MD of L&T Infotech". www.lntinfotech.com. L&T Infotech. Retrieved 2016. Check date values in:
|access-date=(help) - 1 2 3 "L&T Infotech Locations". L&T Infotech. Retrieved 6 April 2015.
- ↑ "Nasscom Industry Ranking". NASSCOMM. Retrieved 9 July 2012.
- ↑ "expresscomputeronline". 1 April 2002. Retrieved 25 November 2012.
- ↑ "L&T Subsidiaries". L&T. L&T. Retrieved 9 July 2012.
- ↑ Jalona, Sanjay. "Sanjay Jalona - CEO & MD". CEO & MD at L&T Infotech. Retrieved 11 February 2016 – via times of india.
- ↑ Bs Reporter (14 December 2006). "L&T Infotech acquires US-based GDA Tech". Retrieved 6 August 2015.
- ↑ Shivani Shinde (1 February 2011). "L&T Infotech acquires Citigroup's Canadian IT unit". Retrieved 6 August 2015.
- ↑ BS Reporter (28 October 2014). "L&T Infotech completes acquisition of ISRC". Retrieved 6 August 2015.
- ↑ "Global Footprint | L&T Infotech". www.lntinfotech.com. Retrieved 11 February 2016.
- ↑ "Business Line".
- ↑ "Business standard". 31 May 2016.
- ↑ "Times Of India". 30 May 2016.
- ↑ "Financial Express".
- ↑ "New Indian Express".
- ↑ "NewIndianExpress".