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The company was founded as L&T Information Technology Ltd in December 1996 as a subsidiary of Larsen & Toubro. [5] During 2001–2002, the company's name was changed from L&T Information Technology Ltd to L&T Infotech Ltd and in the same year the company achieved the assessed level of Software Engineering Institute's (SEI) Maturity Level 5.
L&T Technology Services (LTTS) was founded in 2006 as L&T Integrated Engineering Services. In its first year, the company generated $70 million in revenue. Initially, it only operated as the engineering arm of Larsen & Toubro [ 6 ] and in 2013, as a result of L&T's strategy, the parent company was split into "nine verticals and six subsidiaries ...
The idea of L&T was conceived during a holiday in Matheran, a hill station near Mumbai. [2] Holck-Larsen was a risk-taker while Toubro was more conservative. [ 3 ] Holck-Larsen and Toubro saw opportunities in India at a time when few Europeans had realised the country's potential for industrial growth.
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