L&T Restructures;Inducts 3 Directors on its Infotech Board

L&T has restructured its IT and L&T Integrated Engineering Services businesses with a view to accelerate growth in the technology space.

L&T Infotech has been reorganized around two business clusters, "Industrial" & "Services" and the current L&T Integrated Engineering Services (IES) will be rebranded as L&T Technology Services.

As a part of this strategy, it has inducted three US-based professionals - Dr. Keshab Panda, Dr. Mukesh Aghi and Mr. Vivek Chopra on the L&T Infotech Board.

The L&T Technology Services (IES) will offer customized engineering services and will also include embedded systems deployed in product and plant electronics and custom firmware for the telecom equipment industry. Dr. Keshab Panda, currently the Chief Executive of L&T Integrated Engineering Services, will be the Chief Executive of L&T Technology Services and will also be on the board of L&T Infotech for maximizing synergies.

Dr. Keshab Panda has over 27 years of global industry experience in conceptualizing, creating, operationalizing and turning around complex IT and engineering services businesses. Before joining L&T, he had served as President, Americas & Head of Europe Operations, Satyam Computer Services Limited.

Under L&T Infotech's new structure, the ‘Services' cluster will include banking, financial services, insurance and areas like travel & logistics, media & entertainment and healthcare. This group will house horizontals of testing, mobility, infrastructure