L&T Technology - Reorganising Strength For $3 Billion+ Revenue By 2030: Nirmal Bang

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.L&T Technology Services Ltd.'s held its investor and analyst day on August 27, 2024 in Bengaluru. It spoke about a new organization structure divided into three areas - mobility, sustainability and technology. This organization structure will be used to maintain six internal structures. The company’s CEO, Mr Amit Chandra laid down his strategies and aspirations with regards to L&T Tech for the coming years. One of the aspirations is to become a top five global engineering research and development services company as the global ER&D spend is expected to grow from $1.5-1.8 trillion in CY23 to $2.5-3.3 trillion in CY30. It is also looking to reach the $3 billion revenue mark (~$1.2 billion in FY24) and this will be achieved by scaling the three broad segments to $1 billion revenue run-rate. There are 18 strategic areas across these three segments where the investments will be allocated. The idea is to win large deals and it has rewired the large deal engine in order to increase the pipeline by two times. It will continue to invest in technology areas ahead of the curve so as to get a first mover advantage and gain market share..Click on the attachment to read the full report:.L&T Technology 3.0: Re-Engineered GTM Strategy Focuses On Mobility, Sustainability, Tech: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

L&T Technology - Reorganising Strength For $3 Billion+ Revenue By 2030: Nirmal Bang

The company will continue to invest in technology areas ahead of the curve so as to get a first mover advantage and gain market share, says the brokerage.

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L&T Technology - Reorganising Strength For $3 Billion+ Revenue By 2030: Nirmal Bang

The company will continue to invest in technology areas ahead of the curve so as to get a first mover advantage and gain market share, says the brokerage.

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