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March 27, 2015 9:02 PM ET

IT Services

Company Overview of Larsen & Toubro Infotech Limited

Company Overview

Larsen & Toubro Infotech Limited offers information technology (IT) solutions and services. The company's products include Unitrax, a SaaS-based transfer agency record keeping platform and AccuRUSI, a property and casualty (P&C) commercial lines underwriting solution. Additionally, it offers application development, application maintenance and support, application outsourcing, system integration, testing, consulting, enterprise integration, and mobility services. The company caters to plant equipment and industrial machinery, energy and process, banking and financial services, insurance, healthcare and life sciences, media and entertainment, and travel and logistics sectors. Its clientele in...

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

Managing Director and Executive Director
Age: 69
Chief Operating Officer and Executive Director
Age: 54
Executive Director and Member of Board of Directors
Compensation as of Fiscal Year 2014.

Larsen & Toubro Infotech Limited Key Developments

Tech Mahindra, HCL Eye Stake In Geometric

The Godrej family and Chief Executive Oficer Manu Parpia have mandated JM Financial to sell their 39% stake in Geometric Limited (BSE:532312), people directly familiar with the matter said. Ace investors Rakesh and Rekha Jhunjhunwala, who hold 19% stake in Geometric, are backing the move, kicking off a $350-million M&A deal in Geometric Limited. Tech Mahindra Limited (BSE:TECHM), Cap Gemini S.A. (ENXTPA:CAP), HCL Technologies Ltd. (BSE:532281), GlobalLogic Inc. and Larsen & Toubro Infotech Limited are among the potential suitors for the acquisition. JM Financial's Singapore office has started the sale process with a price over INR 300 per share in mind, sources mentioned above added. An emailed query to Geometric remained unanswered at the time of going to press. HCL Tech, L&T Infotech and Capgemini said they would not comment on market speculation. Tech Mahindra didn't respond to email queries.

L&T Infotech Wins USD 10 Million Contract

L&T Infotech announced that it awarded to deploy SAP ERP solutions to integrate business operations within the company has received a USD 10 million contract from state-run Rail Vikas Nigam to integrate its business functions. Under the terms of the agreement, the company will also deliver data centre hosting, collaboration and networking, including e-tendering, project management, finance, HR functions as well as user support and maintenance. It will also integrate RVNL's 24 project implementing units (PIUs) across India, including their corporate office at New Delhi.

L&T Infotech And L&T Engineering Services Seek IPO

Larsen & Toubro Infotech Limited and L&T Engineering Services Ltd. will seek an IPO in 2016. “There will be no merging of L&T Engineering Services and L&T Infotech. We will be able to develop the growth of both the companies separately and take may be both beyond $1 billion quickly and go for an IPO separately so that the valuation can become much better by a sharper focus,” said Chandrasekhar Kakal, Chief Operating Officer of L&T Infotech.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 28, 2014
Information Systems Resource Centre Pvt. Ltd.
 

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