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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.
As of 31 March 2022, L&T has 93 subsidiaries, 5 associate companies, 27 joint ventures and 35 joint operations. [18]L&T – Construction Equipment Limited: having its registered office at Mumbai, India and focusing on construction equipment and mining equipment, L&T-Komatsu Limited [19] was a joint-venture of Larsen and Toubro, and Komatsu Asia Pacific Pte Limited, Singapore, a wholly owned ...
Mindtree Limited was an Indian multinational information technology services and consulting company, headquartered in Bangalore. Mindtree was acquired by Larsen & Toubro in 2019, before being merged with L&T Infotech (LTI) in 2022 to form LTIMindtree .
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", of which this was one.
Karachi: 2006 Defunct 2016, merged into Al Baraka Bank: P D Business Recorder: Consumer services Publishing Karachi: 1965 Business related newspaper P A Bykea: Consumer services Auto services Karachi: 2016 Bike cabs P A CA Sports: Consumer goods Clothing & accessories Sialkot: 1958 Sports goods, sportswear P A Chenab Limited: Basic materials ...
The IT industry initiative of the TDP government, involved setting up Larsen & Toubro in collaboration with the policy maker APIIC. This led to the creation of a special economic zone called Hyderabad Information Technology Engineering Consultancy City, or simply HITEC City. It started the era of Software & IT in Hyderabad. [citation needed]
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Therefore, Holck-Larsen and Toubro decided to raise additional equity capital, and as a result, Larsen & Toubro Private Limited was established on 7 February 1946. [4] After India gained independence in 1947, L&T set up offices in Calcutta , Madras and New Delhi .