July 26, 2014 5:16 AM ET

IT Services

Company Overview of Larsen & Toubro Infotech Limited

Company Overview

Larsen & Toubro Infotech Limited offers end-to-end software solutions and services. It offers various services, such as package implementation and support, application development and maintenance, enterprise application integration, data warehousing and business intelligence, managed services, strategy consulting, engineering services, and embedding intelligence services. The company focuses on offshore outsourcing of application maintenance, as well as application development, enterprise resource planning-II implementations, upgrades, rollouts, production support, maintenance and enhancement, and systems integration areas. It serves various industries, such as manufacturing, banking and sec...

L&T House

Ballard Estate

Mumbai,  400001

India

Founded in 1996

7,220 Employees

Phone:

91 22 6752 5656

Fax:

91 22 6752 5858

Key Executives for Larsen & Toubro Infotech Limited

Chief Executive Officer
Age: 54
Chief Operating Officer
Age: 54
Chief Executive of L&T Technology Services and Director
Age: 55
Executive Vice President
Executive Vice President and Country Manager of US Operations
Compensation as of Fiscal Year 2014.

Larsen & Toubro Infotech Limited Key Developments

Investors Reportedly Eyes HPQ's Stake In MphasiS

Tech Mahindra Limited (BSE:532755) is reportedly eyeing 60.49% of Hewlett-Packard Company's (NYSE:HPQ) stake in MphasiS Limited (BSE:526299). Tech Mahindra has also initiated exploratory talks with respect to HPQ's Mphasis stake. However, The Carlyle Group LP (NasdaqGS:CG) also is likely contender for HPQ's stake in Mphasis. Earlier, it was reported that Carlyle, The Blackstone Group L.P. (NYSE:BX) and Larsen & Toubro Infotech Limited along with Tech Mahindra eyes $1 billion stake in MphasiS.

Larsen & Toubro To Prepare For Listing Of Units In October

Larsen & Toubro Limited (BSE:500510) is planning to get two units listed. The company starts preparation of listing of Larsen & Toubro Infotech Limited and L&T Technology Services Ltd in October 2015. The Listing is likely to take place in 2016. Group Executive Chairman, A.M. Naik said, “My next step is to take these two companies to the next level and for that I need top-class talent and to get this kind of talent in an otherwise semi-branded company is not easy. Once we give a stock option pre-IPO, we can get terrific people as they will know they can make money after the IPO.”

L&T Plans To List Both IT Arms

Larsen & Toubro Limited (BSE:500510) announced plans to take both its technology subsidiaries, L&T Technology Services Ltd and Larsen & Toubro Infotech Limited public. L&T would start the process of listing the two firms from July 2016.

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