LTTS

It was incorporated as L&T Technology and Engineering Services Company Limited as of June 14, 2012, at Mumbai as a public limited company under the Companies Act, 1956. It also received the certificate of commencement of business on June 20, 2012. Subsequently, the company name was changed to L&T Technology Services Limited according to a special resolution passed by shareholders during the EGM held on July 19, 2012. As the engineering services business of the Company is sub-set of technology services, the company name was changed to L&T Technology Services Limited to a much more appropriate title describing the business in line with the company’s main objects. According to the name change, a fresh certificate of incorporation was being issued to the Company by the RoC as of July 25, 2012. Also, as of the date of this Red Herring Prospectus, it has about seven shareholders including six individuals who hold Equity Shares jointly with the Promoter as nominees.

Some of the Milestones:

• 2013: The incorporation of the company took place.
• 2014: It also acquired the PES Business (except the unit in Germany) from LTIL.
• 2015:
• It acquired the unit of PES Business in Germany from L&T Infotech GmbH.
• It acquired the IES Business from L&T.
• It acquired a 74.0% stake in TSIPL.
• It acquired the engineering services division of Dell, India.
• It acquired the engineering services division of Dell, USA through the wholly-owned subsidiary, LTTS LLC.
• 2016:
• Also, it signed a multi-million dollar contract with a global semiconductor firm.
• Also, L&T Technology Services, CeNSE, IISc joined hands for innovation in Nanotechnology and Sensors. It launched a new Center of Excellence in the US dedicated to Digital Engineering.
• Also, the Indo-American Chamber of Commerce conferred L&T Technology Services with the Company of the Year Award.
• Also, NASSCOM launched India’s first Centre of Excellence, Internet of Things (CoE- IoT) in Bengaluru, along with L&T Technology Services as a strategic partner.
• 2017:
• It expanded its presence in Israel with the launch of a Center of Excellence (CoE) and a sales office.
• It also cements its position as a leader in overall ER&D Services, also rated as a leader in 10 verticals by Zinnov.
• It was conferred with CII Industrial Innovation Awards in 2017.
• It set up a development center dedicated to supporting Danish wind energy leader Vestas.
• It collaborated with Wind River for Intelligent Systems.
• Also, NASSCOM confers L&T Technology Services Limited with the prestigious Digital Skills Award for 2017.
• It launched the rural youth-focused skilling initiative NAYA SAVERA in Nagpur.
• It also rated in the Leadership Zone across 7 unique expertise areas for Zinnov Zones IoT.
• Both L&T Technology Services and PTC Unveil Industry 4.0 Center of Excellence.
• It also conferred with World Quality Congress Award for Quality Excellence in Planning, Processes & Systems.
• It also positioned in Winners Circle by HfS in Industry 4.0 blueprint report.
• It won the Smart City & Campus project.
• Also, it was conferred with the Prestigious Golden Peacock National Quality Award.
• It unveiled a new delivery center for leading German Original Equipment Manufacturer (OEM) in Munich, Germany.
• Both L&T Technology Services and Dell EMC joined hands to roll-out modular smart building solutions to create the ‘digital market of one.’