L&T Information Technology Plodding On

DQI Bureau
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  • Earned revenues of Rs 161 crore, grew just 2%
  • Earned 87% of revenue from software exports.

The company that traces its roots to

Larsen & Toubro (L&T) clocked a revenue of Rs 165 crore–a mere 2%

growth over the previous fiscal’s revenue. It had grossed Rs 161 crore in

1998-99. It provided a range of solutions to brokerage firms including front

office, middle office and back office systems and interfaces to stock exchanges.

In the last fiscal, L&T Information

Technology Ltd (LTITL) worked with insurance companies and provided a range of

software solutions and products

for addressing the insurance sector’s needs. For the financial sector, it

provided financial accounting software, specialized processing services like

salary and wage management, provident fund and family pension, income tax

processing, bonus processing, fixed assets management, share accounting, and

fixed deposit processing and accounting. A bold decision to restructure itself

into vertical segments like financial, manufacturing and services paid off. The banking

and financial sector yielded Rs 30 crore of the overall revenue. This year too

software exports accounted for 88%, garnering a revenue of Rs 145 crore. The US

was the largest contributor to the exports revenue with 53%.


the CAD/CAM segment, it banked on leveraging the vastly experienced skill-sets

from its parent company, L&T. In this sector, it offered solutions for

developing engineering applications and integration of heterogeneous CAD/CAM/CAE

systems, legacy engineering data migration and implementation of product data



On the domestic front, its customized software

development and maintenance yielded Rs 15 crore, twice as much as in fiscal

1998-99. Last year, it was also appointed by SAP as the latter’s national

implementation partner. LTITL is looking at garnering business through the

offsite-offshore model and is trying to increase its revenue from ecommerce. DQ

Fact Sheet


development, solutions for manufacturing, banking and finance AGENCY OPERATIONS:

Veritas, MKS, Seagate, SAP, Microsoft, Lotus EMPLOYEES: 1,579 ADDRESS: Saki

Vihar Road, Powai, Mumbai 400 072 TEL: 858 1003 FAX: 858 1615, 858 1592 WEBSITE: