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... ... @@ -4,7 +4,7 @@ 4 4 5 5 = Company Overview = 6 6 7 -L&T Technology Services Limited (NSE:LTTS) is a global leader in Engineering and R&D (ER&D) services. With 525 patents filed for 53 of the Global Top 100 ER&D spenders, LTTS lives and breathes engineering. The company's innovations speak for themselves – World’s 1st Autonomous Welding Robot, Solar ‘Connectivity’ Drone, and the Smartest Campus in the World, to name a few.{{footnote}}https://www.ltts.com/about-us/company-profile{{/footnote}} 7 +L&T Technology Services Limited (NSE:LTTS) is a global leader in Engineering and R&D (ER&D) services. With 525 patents filed for 53 of the Global Top 100 ER&D spenders, LTTS lives and breathes engineering. The company's innovations speak for themselves – World’s 1st Autonomous Welding Robot, Solar ‘Connectivity’ Drone, and the Smartest Campus in the World, to name a few.{{footnote}}https://www.ltts.com/about-us/company-profile{{/footnote}} 8 8 9 9 LTTS’ expertise in engineering design, product development, smart manufacturing, and digitalization touches every area of human lives - from the moment one wakes up till the time one goes to bed. With 45 Innovation and R&D design centres globally, the company specialize in disruptive technology spaces such as 5G, Artificial Intelligence, Collaborative Robots, Digital Factory, and Autonomous Transport. 10 10 ... ... @@ -12,537 +12,317 @@ 12 12 13 13 == Nearshore Centers == 14 14 15 -BETTENDORF, IOWA 15 +* BETTENDORF, IOWA 16 +* DUBLIN, OHIO 17 +* MUNICH, GERMANY 18 +* PEORIA, ILLINOIS 19 +* PLANO, TEXAS 20 +* ROCKFORD, ILLINOIS 21 +* SANTA CLARA, CALIFORNIA 22 +* HARDWARE DESIGN, JERUSALEM 23 +* SECURITY COE, JERUSALEM 24 +* GOTHENBURG, SWEDEN 16 16 17 - DUBLIN,OHIO26 +== Services == 18 18 19 - MUNICH,GERMANY28 +=== Product Engineering === 20 20 21 - PEORIA,ILLINOIS30 +At LTTS, product engineering is its forte. LTTS has teams of specialists that can assist you in every step of your product development journey – starting with design & prototyping to VLSI, software, hardware and security engineering.{{footnote}}https://www.ltts.com/services/product-engineering{{/footnote}} 22 22 23 -PLANO, TEXAS 32 +* CAE & CFD 33 +* CAx Automation 34 +* Cloud Engineering 35 +* DevOps 36 +* Embedded Systems 37 +* Engineering Analytics 38 +* Immersive Experiences 39 +* Integrated Design, Validation & Testing 40 +* Security Monitoring 41 +* Security Solutions 42 +* Security Services 43 +* Sustenance 44 +* Testing 45 +* Testing & Validation 46 +* VLSI 47 +* Wearables Engineering 24 24 25 - ROCKFORD,ILLINOIS49 +=== Manufacturing Engineering === 26 26 27 - SANTACLARA,CALIFORNIA51 +Unconventional times call for unconventional shifts in manufacturing. In this new normal, what manufacturers need is the ability to do more with less, deliver services remotely through data and cloud platforms, reduce design timelines, and increase production throughput.{{footnote}}https://www.ltts.com/services/manufacturing-engineering{{/footnote}} 28 28 29 -HARDWARE DESIGN, JERUSALEM 30 - 31 -SECURITY COE, JERUSALEM 32 - 33 -GOTHENBURG, SWEDEN 34 - 35 - 36 -Services 37 - 38 - 39 -Product Engineering 40 - 41 - 42 -At LTTS, product engineering is its forte. LTTS has teams of specialists that can assist you in every step of your product development journey – starting with design & prototyping to VLSI, software, hardware and security engineering.2 43 - 44 - 45 - 46 -CAE & CFD 47 - 48 -CAx Automation 49 - 50 -Cloud Engineering 51 - 52 -DevOps 53 - 54 -Embedded Systems 55 - 56 -Engineering Analytics 57 - 58 -Immersive Experiences 59 - 60 -Integrated Design, Validation & Testing 61 - 62 -Security Monitoring 63 - 64 -Security Solutions 65 - 66 -Security Services 67 - 68 -Sustenance 69 - 70 -Testing 71 - 72 -Testing & Validation 73 - 74 -VLSI 75 - 76 -Wearables Engineering 77 - 78 - 79 -Manufacturing Engineering 80 - 81 - 82 -Unconventional times call for unconventional shifts in manufacturing. In this new normal, what manufacturers need is the ability to do more with less, deliver services remotely through data and cloud platforms, reduce design timelines, and increase production throughput.3 83 - 84 - 85 - 86 86 In short, it is time to be F.R.U.G.A.L – Flexible, Remote, Unconventional, Glocal and Agile. 87 87 88 - 89 89 At LTTS, its service offerings are based on three core pillars: Social Distancing, Business Continuity and Business Sustainability. Here’s how the company can help you get through these challenging times and engineer your future. 90 90 57 +* Plant Design & Engineering 58 +* Digital Factory & Simulations 59 +* Line Expansion & Transfer 60 +* Frugal Product Design 61 +* Asset Care 62 +* Accelerated Operations 63 +* Manufacturing Automation 64 +* Agile Supply Chain 65 +* Content Engineering 66 +* Smart PLM 91 91 92 - PlantDesign&Engineering68 +=== Operations Engineering === 93 93 94 - DigitalFactory &Simulations70 +From streamlining your supply chain operations, to ensuring efficient building management, and running your product servicing & support requirements, take a look at how LTTS can help unlock massive operational efficiency for your organization.{{footnote}}https://www.ltts.com/services/operations-engineering{{/footnote}} 95 95 96 -Line Expansion & Transfer 72 +* Connected Service Support 73 +* Integrated Content Management 74 +* Intelligent Building Management 75 +* Sourcing & Procurement 97 97 98 - FrugalProductDesign77 +=== Engineering Consultancy === 99 99 100 -Asset Care79 +At LTTS, its holistic understanding of multiple industries has helped it engineer crosspollinovation – the ability to assimilate the best technologies and practices from multiple industries and integrate it into your product. Learn how its consultants can help build your next big idea.{{footnote}}https://www.ltts.com/services/engineering-consultancy{{/footnote}} 101 101 102 -Accelerated Operations 81 +* Industry 4.0 82 +* Product Strategy 83 +* Security 84 +* Smart Factory 103 103 104 - ManufacturingAutomation86 +== Solutions == 105 105 106 - AgileSupplyChain88 +Company’s next-gen engineering solutions that are uniquely designed to address complex business challenges.{{footnote}}https://www.ltts.com/solutions{{/footnote}} 107 107 108 -Content Engineering 90 +* i-BEMS 91 +* Connected Security 92 +* nBOn 93 +* UBIQWeise 2.0 94 +* WagesApp 95 +* AiKno™ 96 +* Cogmation 109 109 110 - SmartPLM98 += Business Overview = 111 111 100 +L&T Technology Services Limited (LTTS) is a leading global pure-play Engineering Research & Development (ER&D) services company. It offers design and development solutions throughout the product development chain and provides services and solutions in the areas of mechanical and manufacturing engineering, embedded systems, engineering analytics and plant engineering. LTTS’ customer base includes 69 Fortune 500 companies and 53 of the world’s top ER&D companies, across Industrial Products, Transportation, Telecom & Hi-tech, Medical Devices, and Plant Engineering. The business also provides digital engineering advisory services to some of the world’s leading enterprises. The key differentiators for LTTS’ business are its customer-centric industry innovations, domain expertise, and multi-vertical presence spanning major industry segments.{{footnote}}https://www.ltts.com/system/files/2020-06/LTTS%20AR%202019-20.pdf{{/footnote}} 112 112 113 - OperationsEngineering102 +== Business Segments == 114 114 104 +=== Transportation === 115 115 116 -From streamlining your supply chain operations, to ensuring efficient building management, and running your product servicing & support requirements, take a look at how LTTS can help unlock massive operational efficiency for your organization.4 117 - 118 - 119 - 120 -Connected Service Support 121 - 122 -Integrated Content Management 123 - 124 -Intelligent Building Management 125 - 126 -Sourcing & Procurement 127 - 128 - 129 -Engineering Consultancy 130 - 131 - 132 -At LTTS, its holistic understanding of multiple industries has helped it engineer crosspollinovation – the ability to assimilate the best technologies and practices from multiple industries and integrate it into your product. Learn how its consultants can help build your next big idea.5 133 - 134 - 135 - 136 -Industry 4.0 137 - 138 -Product Strategy 139 - 140 -Security 141 - 142 -Smart Factory 143 - 144 - 145 -Solutions 146 - 147 - 148 -Company’s next-gen engineering solutions that are uniquely designed to address complex business challenges.6 149 - 150 - 151 - 152 -i-BEMS 153 - 154 -Connected Security 155 - 156 -nBOn 157 - 158 -UBIQWeise 2.0 159 - 160 -WagesApp 161 - 162 -AiKno™ 163 - 164 -Cogmation 165 - 166 - 167 -Business Overview 168 - 169 - 170 -L&T Technology Services Limited (LTTS) is a leading global pure-play Engineering Research & Development (ER&D) services company. It offers design and development solutions throughout the product development chain and provides services and solutions in the areas of mechanical and manufacturing engineering, embedded systems, engineering analytics and plant engineering. LTTS’ customer base includes 69 Fortune 500 companies and 53 of the world’s top ER&D companies, across Industrial Products, Transportation, Telecom & Hi-tech, Medical Devices, and Plant Engineering. The business also provides digital engineering advisory services to some of the world’s leading enterprises. The key differentiators for LTTS’ business are its customer-centric industry innovations, domain expertise, and multi-vertical presence spanning major industry segments.7 171 - 172 - 173 - 174 -Business Segments 175 - 176 - 177 -Transportation 178 - 179 - 180 180 LTTS offers the complete gamut of engineering services and solutions for its global customers in the transportation industry, including OEMs and Tier 1 suppliers in Automotive, Trucks & Off-highway vehicles, and Aerospace sectors. In the automotive sector, LTTS helps its customers through best-in-class platforms and solutions in areas such as Advanced Driver Assistance System (ADAS), Autonomous Drive (AD) and Electrical Vehicles (EV). In the Aerospace sector, LTTS’ offerings encompass a wide spectrum including aero engines, aero structure & systems, avionics, air traffic management and new-age digital transformation solutions which cater to all the phases of aircraft life-cycle - design, manufacturing, and aftermarket services. LTTS’ distinct advantages in the aerospace landscape include certified state-of-the-art facilities, robust lab & testing infrastructure, and strategic alliances with Fortune 500 companies. LTTS has over a decade of domain expertise in the Trucks and Off-highway segment, offering services across industries like Construction & Mining, Cranes & Material Handlers, Commercial Vehicles, Agricultural & Gardening Equipment, Powersports and Polymer. LTTS caters to customer requirements through specialized state-of-the-art research and test labs for power electronics, tear down, material testing and smart manufacturing across its global delivery centers. 181 181 108 +=== Industrial Products === 182 182 183 -Industrial Products 184 - 185 - 186 186 LTTS helps its OEM customers in the areas of building automation, home and office products, energy and utilities, process control and industrial machinery. LTTS brings in innovative ideas and engineers them into solutions that address some of the most pertinent modern-day industrial concerns, such as product design, industrial automation, ruggedization, equipment maintenance, and advanced safety. LTTS’ expertise spans the entire value chain from design, development and deployment to monitoring, testing and automation of processes, products and solutions. The Company has a home-grown building management solution iBEMS, that breaks the silos between various systems in a facility and enables cost savings, energy management and quicker decision making by using predictive analytics and real-time insights. 187 187 112 +=== Telecom & Hi-tech === 188 188 189 -Telecom & Hi-tech 190 - 191 - 192 192 LTTS’ Telecom and Hi-tech vertical provides engineering services and solutions that cater to five key sectors: Telecom, Consumer Electronics, Semiconductor, ISV, and Media & Entertainment. For the Telecom sector, LTTS’ services include product variant design & development, maintenance, testing, support, optimization, system integration and professional services (pre-deployment, deployment & post-deployment). For the Semiconductors industry, LTTS provides turnkey design services, IC design services, hardware system design, platform software, modem services, verification & validation, multimedia, connectivity, storage, mechanical engineering, and customer engineering support. In Consumer Electronics, LTTS provides services in the areas of product conceptualization, design & development, platform software, testing & certification, manufacturing support, product maintenance, and product launch support. For the Media & Entertainment industry, LTTS provides services in product engineering, product conceptualization, design & development, testing & certification, manufacturing support, product maintenance, and value engineering. And, in ISV, LTTS offers services like application engineering, VLSI, cloud engineering, product uplift, platform development & migration, product support, testing and certification. 193 193 194 - 195 195 LTTS also provides services and solutions in latest technologies such as 5G, LTE, SDN/NFV, multimedia, connectivity, cloud, microservices, DevOps, big data/ analytics, data center, OTT and RDK (video, broadband, camera). 196 196 118 +=== Plant Engineering === 197 197 198 -Plant Engineering 199 - 200 - 201 201 As an engineering, procurement, and construction management (EPCM) specialist, LTTS supports every phase of a plant’s lifecycle from concept to commissioning. LTTS enables its customers to address all their engineering requirements from streamlining their processes, resolving downtime issues to ensuring adherence to statutory, human safety, machine safety, regulatory compliance, and local & global standards. LTTS provides end-to-end solutions in the areas of plant design, process engineering, project management, construction management, MOC (Management of Change), and handover of operations to its customers in Chemical, Consumer Packaged Goods (CPG), and Oil & Gas sectors. LTTS has broad expertise in traditional EPCM and sustenance engineering, as well as contemporary digital engineering enterprises. LTTS also offers services and solutions in the digital sphere to its customers in the areas of ‘Smart Manufacturing’ technologies such as ‘integrated digital factory’ & ‘factory of the future’ using Industry 4.0, IoT, and analytics platforms. 202 202 122 +=== Medical Devices === 203 203 204 -Medical Devices 205 - 206 - 207 207 LTTS helps medical device OEMs address various industry challenges including, acceleration of the development cycle for new products, reduction in time-to-market in developing new products, value engineering, and geo-specific/regional product launches. It focuses on delivering solutions in in-vitro diagnostics, patient mobility services, musculoskeletal services, surgical services, cardiovascular, home healthcare and general medical. LTTS has designed and developed innovative products and solutions such as world’s first drug patch applicator, smart inhalers, connected hospitals, robotic endo trainer for laparoscopic surgeries, integrated reusable vessel sealing, and surgical staplers for emerging markets along with world’s first airway clearance system with Bluetooth connectivity among others. LTTS also provides pre-compliance testing and validation support including product/compliance remediation, complaints management, and regulatory documentation support. 208 208 126 += Business Environment = 209 209 210 -Business Environment 211 - 212 - 213 213 According to NASSCOM, India’s ER&D services sector (comprising of embedded systems, ER&D and product engineering services) is the fastest growing sector within the Indian technology space - estimated to grow at 11 percent Y-o-Y to reach USD 32.7 billion in FY20. 214 214 215 - 216 216 NASSCOM reports that over the last 5-6 years, India’s ER&D services sector has been a story of consistent double-digit growth, even as the overall IT industry has grown in single digits. 217 217 218 - 219 219 Global ER&D spend remained strong at USD 1.5 trillion in calendar year 2019 (growth of 5.3% Y-o-Y) driven by increasingly software-led engineering and digital technologies (like IoT and analytics). Digital Engineering is going to be the focus area for the enterprises with growing requirements for better user experience and personalization, greater adoption of platforms & cloud, and consolidation to build full-stack capabilities. 220 220 221 - 222 222 Zinnov reiterates this fact by observing that global ER&D spend is resilient and has witnessed growth despite slowdown and geo-political factors. Zinnov too, forecasts that the enterprises will continue to invest in Digital Engineering initiatives to stay relevant. The global spend of Digital Engineering is expected to grow at a CAGR of 19 percent from USD 403 billion in 2019 to reach USD 1153 billion by 2025. 223 223 224 - 225 225 The key technologies that will drive the ER&D sector’s growth are: Artificial Intelligence, Machine Learning, Platform Engineering, Big Data Analytics, Cybersecurity, Factory 4.0, Autonomous Vehicles, SDN/NFV, Automation, Predictive Maintenance, AR/VR, Chip Development, Inflight Connectivity, Remote Patient Monitoring, Robotics, and Preventive Healthcare. 226 226 227 - 228 228 LTTS’ service portfolios have well-defined offerings in each of these technology areas and through its services and solutions in the areas of Core Engineering, Digital Engineering and Digital Advisory Practice combined with its Innovation Engine, LTTS is well positioned to provide its customers business value propositions throughout their value chain needs across domains and industries. This is further corroborated through its positioning as established technology leaders by the industry experts such as Zinnov, ISG, ARC, IDC, Nelson Hall, and Frost & Sullivan. 229 229 230 - 231 231 Personalization and Servitization of services are other two key areas where LTTS is developing its capabilities to enable its customers to provide a value add to their endcustomers. Customers today look for personalization in nearly every product and service, hence customization on a large scale is the key for success. And the extent of this will only continue to increase in the future and with it, the need for accessibility to user information. Another key differentiator when it comes to serving today’s consumer is the overall experience comprising of ease of usage, simplicity, and interactivity and this is where the concept of servitization takes precedence. As products and services evolve with consumer requirements, experience is bound to take the top spot as a differentiator. At LTTS, LTTS is cognizant of these developments and are investing in creating capabilities in these areas through training and development. LTTS has multiple PoCs, usecases and pilots in these areas that give it a head start over its peers. 232 232 142 +== Outlook == 233 233 234 -Outlook 235 - 236 - 237 237 According to NASSCOM, the Indian ER&D landscape has been growing at a healthy rate of 11 percent y-o-y. As an ER&D leader in the industry this bodes well for it. The company's strategic business approach helps it to continuously assess the changing business needs, build innovation infrastructure to meet those needs and enable its customers to gain market share and technology edge. The company's industry exposure and deep domain knowledge helps it to develop core and digital solutions to help its customers overcome short-and long-term challenges. 238 238 239 - 240 240 Current circumstances have presented it with a unique opportunity for providing unwavering support to its customers at a difficult time. As an ER&D service provider, at LTTS, the company perceive itself as not just business solution providers but as all-weather partners to its customers. LTTS has thus identified areas where the company can support its customers in these times and help them in their quest to see-through the current challenges as well as help them come out stronger. LTTS has launched services for the Manufacturing industry to address the shift in demand with its manufacturing line expansion/ re-design/transfer, achieve business continuity with its AGILE sourcing and supply chain services and plan healthcare for their machines with its remote asset care services. 241 241 242 - 243 243 Furthermore, during its conversations with the customers and industry experts, the company realized that a whole lot of digital initiatives failed to provide the desired ROI. This led it to carve out a Digital Advisory Practice (DAP) that goes beyond selling the solutions and services and helps companies to architect and execute their digital roadmap with LTTS as a consulting partner. 244 244 245 - 246 246 The industry outlook points to a steady demand for ER&D led innovation in the form of cutting-edge technology solutions that will help transform customer experiences. LTTS aspires to be the transformation-agent that the customers can bank upon to realize their vision and aspirations. 247 247 152 +== Major Achievements == 248 248 249 -Major Achievements 250 - 251 - 252 252 LTTS had a healthy inflow of projects across all its verticals. The Company won several multi-million-dollar deals across the globe. 253 253 156 +=== Deal Wins === 254 254 255 - DealWins158 +==== Transportation ==== 256 256 160 +* A global automotive manufacturer has chosen LTTS for the development of AUTOSAR platform and integration of 5G telematics modules. As part of this same engagement, LTTS has also been selected by their after-market group for cloud migration and maintenance support. 161 +* A European components supplier for autonomous vehicles has selected LTTS as its engineering partner for key programs in Advanced Driving Assistance Systems (ADAS) and Automated Driving (AD) domains. 162 +* Selected as strategic partner by a European automotive manufacturer for its Electric Powertrain (ePowertrain) practice. LTTS will be responsible for the functional qualification of the ePowertrain ECU (Electronics Control Unit). 163 +* A Sweden-based leading component supplier for autonomous vehicles has selected LTTS as a strategic partner for key programs in autonomous driving domains. 164 +* Airbus India selected LTTS to manage their avionics software development, V&V (Verification & validation), and data analytics. 165 +* A multi-national power company has selected LTTS as its strategic engineering partner to develop an IoT platform that combines hardware, software, and communication elements to bring diverse power components into a unified system that can be monitored and managed effectively. In addition, the customer’s aero division has chosen LTTS for analysis & simulation of engine systems and structures. 166 +* A leading auto parts maker has awarded LTTS a multi-year program for design and development of their Engine Control Unit (ECU) for enhanced fuel efficiency for a new range of powertrain vehicles. 167 +* LTTS secured a project to take ownership of multidisciplinary engineering design activities for an OEM involved in energy generation solutions. LTTS is leveraging its niche Plant Engineering global capabilities to deliver end to end engineering design & development. 168 +* A leading Swedish automotive OEM has awarded LTTS a multi-year program to set-up a SCRUM team to develop and manage the software components in brakes, steering, suspension, and climate control domains. 257 257 258 - Transportation170 +==== Industrial Products ==== 259 259 172 +* For an industrial automation company, LTTS won a deal to develop IoT firmware for next generation motor drives and controllers. 173 +* LTTS is setting up a development and design center in India for a European manufacturer to provide engineering projects across embedded, mechanical and connectivity domains. 174 +* A global manufacturer of drinking water management solutions has chosen LTTS to be their sole engineering services partner to support various advanced digital programs including NPD and sensorization. 175 +* A majorIndustrial automation company has awarded LTTS a multi-year contract to develop an electrical power module using end-to-end engineering protocols including product qualification. 260 260 261 - Aglobal automotive manufacturer has chosen LTTS for thedevelopment of AUTOSAR platform and integration of 5G telematics modules. As part of this sameengagement, LTTS has also been selectedby their after-market group forcloud migration and maintenance support.177 +==== Telecom and Hi-Tech ==== 262 262 263 -A European components supplier for autonomous vehicles has selected LTTS as its engineering partner for key programs in Advanced Driving Assistance Systems (ADAS) and Automated Driving (AD) domains. 179 +* LTTS has been selected by a global semiconductor OEM to set up a center of excellence as part of a two-year embedded systems program with a value of USD 15 million in the first phase of the project. 180 +* LTTS has been chosen as a preferred engineering partner by a global technology company based out of the United States. Under the new 3-year engagement, LTTS will provide ER&D services for the customer in the embedded, RF engineering, hardware, electrical, thermal, and firmware domains. LTTS will also set up a U.S. based Center of Excellence (CoE) focused on incubating new & emerging technologies. 181 +* LTTS won a contract from a social networking and technology company for VLSI engineering services spanning its product suite of AR & VR enabled solutions. 182 +* One of the world’s leading technology firm has awarded LTTS a multi-year deal involving an engineering analytics program for next generation wireless laptops and processors. 183 +* Awarded a 2-year program to set up a Center of Excellence (CoE) in the embedded systems space. The program is extendable by additional two years after completion of the first phase. Through the CoE, LTTS will provide VLSI design services to support the next-generation product development requirements of the customer in the semiconductor domain 184 +* The world’s leading datacenter solutions provider has awarded LTTS a program to validate their family of high-speed platforms. LTTS will build BSPs for accelerating deployment of their IoT solutions. Additionally, LTTS won a deal to set up a development and validation Center of Excellence (CoE) for the customer, with a plan to scale up over the next three years. 185 +* A multinational technology company has selected LTTS as its technology partner for a digital transformation program that involves setting up of global standards development & POCs for the customer’s global sites across 12 workstreams. LTTS will also deploy its intelligent buildings framework i-BEMS for the Company’s Headquarters in the U.S.A to help optimize energy conservation, implement analytics and enhance UX. 186 +* A European media and communications conglomerate awarded a Digital Rights Management (DRM) contract to LTTS. Under the engagement, LTTS will develop next-generation hybrid boxes that support 4K used Widewine as the DRM solution for linear and Over-the-Top (OTT) Set-top boxes. 187 +* LTTS has been awarded a program by a global media firm to design and develop a next generation chipset for broad-band and video security. 188 +* LTTS won a managed services deal with a Media & Entertainment customer for the development and maintenance of interactive customer experience applications. LTTS will also provide 24x7 operations support including defect fixes & upgrades for the customer’s software platforms 189 +* For a video solutions provider, LTTS is developing a next gen smart cards platform which will enable significant cost reductions per chip. LTTS’ Israel VLSI team will provide end-to-end expertise from design & verification through manufacturing (by 3rd party), post silicon analysis and ongoing support. 264 264 265 - Selectedas strategicpartnerby a European automotive manufacturer forits Electric Powertrain (ePowertrain) practice. LTTS will be responsible for the functional qualification of the ePowertrain ECU (Electronics Control Unit).191 +==== Medical Devices ==== 266 266 267 -A Sweden-based leading component supplier for autonomous vehicles has selected LTTS as a strategic partner for key programs in autonomous driving domains. 193 +* For a leading medical device manufacturer, LTTS is executing a complete DHF and EU medical device regulation and remediation project in newborn care and neurology markets. As part of the project, the team will be conducting gap analysis & complete DHF and MDR remediation and certifications for 50+ accessories covering class 1 products 194 +* A medical technology company has awarded LTTS a multi-year program to set up a global team to support the customer’s manufacturing operations worldwide. LTTS will provide next-generation software that will help digitally transform the customer’s end-to-end systems and processes. 195 +* LTTS has secured the next phase of development of a digital health program for one of the top life sciences companies in the US. LTTS will integrate the customer’s new range of glucose monitoring devices to physician portals and handheld devices. 196 +* A global medical devices OEM awarded LTTS a contract to develop a new IoT platform to remotely monitor their life sciences products installed globally 197 +* For a global healthcare company, LTTS was chosen to be their engineering partner to set up a Center of Excellence (CoE) that will provide support investigating and analyzing reporting of complaints for regulatory filing in the U.S. and Europe for vital sign monitoring products. Additionally, LTTS will also provide engineering support for transfer of manufacturing lines for some of the customer’s scanning devices from to India. Activities include line transfer, validation, design, manufacturing and supply of test fixtures. 198 +* Secured a deal from a medical equipment manufacturer to complete design and development of a new bed side patient monitoring device including hardware & software development, mechanical engineering and prototype building. 268 268 269 - AirbusIndia selected LTTS to managetheiravionics software development, V&V (Verification& validation), and data analytics.200 +==== Plant Engineering ==== 270 270 271 -A multi-national power company has selected LTTS as its strategic engineering partner to develop an IoT platform that combines hardware, software, and communication elements to bring diverse power components into a unified system that can be monitored and managed effectively. In addition, the customer’s aero division has chosen LTTS for analysis & simulation of engine systems and structures. 202 +* LTTS is setting up a greenfield food manufacturing plant for a global consumer goods firm. The project is expected to be completed over a period of two years. 203 +* A leading German chemical company has awarded LTTS a program to offer end-to-end services for a brownfield plant expansion. The entire spectrum of engineering, procurement and construction management activities will be delivered by LTTS. 204 +* Won a large deal to implement over 600 engineering applications for a leading U.S-based EPC company. LTTS will ensure uptime of the applications and improve engineering productivity 205 +* One of the largest beverage companies in the world has selected LTTS for an Engineering Construction Management Program (EPCM) to replace the ageold wastewater treatment system at one of its key manufacturing plants. LTTS will upgrade the plant with the latest Industry 4.0 technologies. 206 +* LTTS was awarded a project to set up an Engineering Value center (EVC) by a multinational brewery company for execution of site based projects across pan-India sites. 272 272 273 - Aleading autopartsmakerhas awarded LTTS a multi-year program for designand development of their Engine Control Unit (ECU) for enhanced fuel efficiency for a new range of powertrain vehicles.208 +=== Customer Recognitions === 274 274 275 -LTTS secured a project to take ownership of multidisciplinary engineering design activities for an OEM involved in energy generation solutions. LTTS is leveraging its niche Plant Engineering global capabilities to deliver end to end engineering design & development. 276 - 277 -A leading Swedish automotive OEM has awarded LTTS a multi-year program to set-up a SCRUM team to develop and manage the software components in brakes, steering, suspension, and climate control domains. 278 - 279 - 280 -Industrial Products 281 - 282 - 283 -For an industrial automation company, LTTS won a deal to develop IoT firmware for next generation motor drives and controllers. 284 - 285 -• LTTS is setting up a development and design center in India for a European manufacturer to provide engineering projects across embedded, mechanical and connectivity domains. 286 - 287 -A global manufacturer of drinking water management solutions has chosen LTTS to be their sole engineering services partner to support various advanced digital programs including NPD and sensorization. 288 - 289 -A majorIndustrial automation company has awarded LTTS a multi-year contract to develop an electrical power module using end-to-end engineering protocols including product qualification. 290 - 291 - 292 -Telecom and Hi-Tech 293 - 294 - 295 -LTTS has been selected by a global semiconductor OEM to set up a center of excellence as part of a two-year embedded systems program with a value of USD 15 million in the first phase of the project. 296 - 297 -LTTS has been chosen as a preferred engineering partner by a global technology company based out of the United States. Under the new 3-year engagement, LTTS will provide ER&D services for the customer in the embedded, RF engineering, hardware, electrical, thermal, and firmware domains. LTTS will also set up a U.S. based Center of Excellence (CoE) focused on incubating new & emerging technologies. 298 - 299 -LTTS won a contract from a social networking and technology company for VLSI engineering services spanning its product suite of AR & VR enabled solutions. 300 - 301 -One of the world’s leading technology firm has awarded LTTS a multi-year deal involving an engineering analytics program for next generation wireless laptops and processors. 302 - 303 -Awarded a 2-year program to set up a Center of Excellence (CoE) in the embedded systems space. The program is extendable by additional two years after completion of the first phase. Through the CoE, LTTS will provide VLSI design services to support the next-generation product development requirements of the customer in the semiconductor domain 304 - 305 -The world’s leading datacenter solutions provider has awarded LTTS a program to validate their family of high-speed platforms. LTTS will build BSPs for accelerating deployment of their IoT solutions. Additionally, LTTS won a deal to set up a development and validation Center of Excellence (CoE) for the customer, with a plan to scale up over the next three years. 306 - 307 -A multinational technology company has selected LTTS as its technology partner for a digital transformation program that involves setting up of global standards development & POCs for the customer’s global sites across 12 workstreams. LTTS will also deploy its intelligent buildings framework i-BEMS for the Company’s Headquarters in the U.S.A to help optimize energy conservation, implement analytics and enhance UX. 308 - 309 -A European media and communications conglomerate awarded a Digital Rights Management (DRM) contract to LTTS. Under the engagement, LTTS will develop next-generation hybrid boxes that support 4K used Widewine as the DRM solution for linear and Over-the-Top (OTT) Set-top boxes. 310 - 311 -LTTS has been awarded a program by a global media firm to design and develop a next generation chipset for broad-band and video security. 312 - 313 -LTTS won a managed services deal with a Media & Entertainment customer for the development and maintenance of interactive customer experience applications. LTTS will also provide 24x7 operations support including defect fixes & upgrades for the customer’s software platforms 314 - 315 -For a video solutions provider, LTTS is developing a next gen smart cards platform which will enable significant cost reductions per chip. LTTS’ Israel VLSI team will provide end-to-end expertise from design & verification through manufacturing (by 3rd party), post silicon analysis and ongoing support. 316 - 317 - 318 -Medical Devices 319 - 320 - 321 -For a leading medical device manufacturer, LTTS is executing a complete DHF and EU medical device regulation and remediation project in newborn care and neurology markets. As part of the project, the team will be conducting gap analysis & complete DHF and MDR remediation and certifications for 50+ accessories covering class 1 products 322 - 323 -A medical technology company has awarded LTTS a multi-year program to set up a global team to support the customer’s manufacturing operations worldwide. LTTS will provide next-generation software that will help digitally transform the customer’s end-to-end systems and processes. 324 - 325 -LTTS has secured the next phase of development of a digital health program for one of the top life sciences companies in the US. LTTS will integrate the customer’s new range of glucose monitoring devices to physician portals and handheld devices. 326 - 327 -A global medical devices OEM awarded LTTS a contract to develop a new IoT platform to remotely monitor their life sciences products installed globally 328 - 329 -For a global healthcare company, LTTS was chosen to be their engineering partner to set up a Center of Excellence (CoE) that will provide support investigating and analyzing reporting of complaints for regulatory filing in the U.S. and Europe for vital sign monitoring products. Additionally, LTTS will also provide engineering support for transfer of manufacturing lines for some of the customer’s scanning devices from to India. Activities include line transfer, validation, design, manufacturing and supply of test fixtures. 330 - 331 -Secured a deal from a medical equipment manufacturer to complete design and development of a new bed side patient monitoring device including hardware & software development, mechanical engineering and prototype building. 332 - 333 - 334 -Plant Engineering 335 - 336 - 337 -LTTS is setting up a greenfield food manufacturing plant for a global consumer goods firm. The project is expected to be completed over a period of two years. 338 - 339 -A leading German chemical company has awarded LTTS a program to offer end-to-end services for a brownfield plant expansion. The entire spectrum of engineering, procurement and construction management activities will be delivered by LTTS. 340 - 341 -Won a large deal to implement over 600 engineering applications for a leading U.S-based EPC company. LTTS will ensure uptime of the applications and improve engineering productivity 342 - 343 -One of the largest beverage companies in the world has selected LTTS for an Engineering Construction Management Program (EPCM) to replace the ageold wastewater treatment system at one of its key manufacturing plants. LTTS will upgrade the plant with the latest Industry 4.0 technologies. 344 - 345 -LTTS was awarded a project to set up an Engineering Value center (EVC) by a multinational brewery company for execution of site based projects across pan-India sites. 346 - 347 - 348 -Customer Recognitions 349 - 350 - 351 351 LTTS launched the ‘smartest office campus in the world’ in Israel for a leading technology conglomerate, which runs on its proprietary smart building platform. 352 352 353 - 354 354 Agappe Diagnostics, a diagnostics reagents and equipment manufacturer, launched the first indigenously developed blood cell counter in partnership with L&T Technology Services. The blood cell counter provides accurate diagnostics for critical ailments such as Dengue fever, rat fever, allergic conditions, Leukaemia, Typhoid, and Anaemia 355 355 356 - 357 357 Honda conferred LTTS with the ‘Performance Excellence Award’ for exceeding performance standards including quality, cost and service 358 358 216 +=== Significant Initiatives === 359 359 360 -Significant Initiatives 218 +* LTTS believes in incremental efforts to enhance its technology and service footprint across the industry sectors that it caters to globally. This drives it to carve out various initiatives that enable its vision and commitment towards excellence 219 +* Aerospace & Defense Engineering Design center: LTTS inaugurated an aerospace and defense engineering design center in Rockford, Illinois to cater to the new age digital requirements of the aerospace and defense markets. 220 +* World’s first cost-effective robotic endo-training kit: LTTS developed the world’s first cost-effective Robotic Endo-training Kit in association with GITA and Department of Science and Technology (DST). This kit is a futuristic surgical training robot that gives a high-definition observation of the patient’s anatomy and the instruments. The research and development for the kit has been a joint effort between India and the Republic of Korea. 221 +* Industry4.NOW: LTTS’ new framework unveiled a line-up of Digital Manufacturing Solutions (DMS) that can unlock value based digital transformation and help global manufacturers scale their digital initiatives. 222 +* TECHgium® Edition 3: The third edition of LTTS’ national futuristic technology-based innovation competition received record-breaking 19,000 applications from over 270 reputed colleges & universities across India clocking a 200% increase in participants from its inception year 2016. 223 +* Engineering Hackathon: LTTS set out on a dual-purpose Europe mission to showcase its engineering expertise to the customers through a technology-lab-on-a-bus tour and finding solutions to key technological challenges through an engineering hackathon. The Company’s 16-day pan-Europe initiative included customer campus visits and roadshows through a 3,000 km innovation-onwheels drive covering Greater Manchester & Ellesmere Port (Cheshire) in the UK, Amiens & Paris in France and Eindhoven in Netherlands, culminating in Germany. 224 +* Google CWIP Certification: LTTS completed Google’s CWIP certification program for Widevine DRM solutions for OTT delivery of secure content to devices for streaming or download. 225 +* Consolidating the European Footprint: L&T Technology Services expanded its footprint in Europe by setting up an office in the Hi-Tech campus, Eindhoven. The objective of this office is to enhance customer centricity in the Netherlands. Located in the High-Tech campus, the office will act as a focal point to serve LTTS’ local customers and prospects better in their digital journey 226 +* Factory D.0: LTTS unveiled its one-stop solution for factories of the future to address the fundamental problems with the smart factory solutions of today. 361 361 228 += Financial Overview = 362 362 363 - LTTSbelieves inincremental efforts to enhance its technology and service footprint across the industry sectors that it caters to globally. This drives it to carve out various initiatives that enable its vision and commitment towards excellence230 +== Income == 364 364 365 - 366 -Aerospace & Defense Engineering Design center: LTTS inaugurated an aerospace and defense engineering design center in Rockford, Illinois to cater to the new age digital requirements of the aerospace and defense markets. 367 - 368 - 369 -World’s first cost-effective robotic endo-training kit: LTTS developed the world’s first cost-effective Robotic Endo-training Kit in association with GITA and Department of Science and Technology (DST). This kit is a futuristic surgical training robot that gives a high-definition observation of the patient’s anatomy and the instruments. The research and development for the kit has been a joint effort between India and the Republic of Korea. 370 - 371 - 372 -Industry4.NOW: LTTS’ new framework unveiled a line-up of Digital Manufacturing Solutions (DMS) that can unlock value based digital transformation and help global manufacturers scale their digital initiatives. 373 - 374 - 375 -TECHgium® Edition 3: The third edition of LTTS’ national futuristic technology-based innovation competition received record-breaking 19,000 applications from over 270 reputed colleges & universities across India clocking a 200% increase in participants from its inception year 2016. 376 - 377 - 378 -Engineering Hackathon: LTTS set out on a dual-purpose Europe mission to showcase its engineering expertise to the customers through a technology-lab-on-a-bus tour and finding solutions to key technological challenges through an engineering hackathon. The Company’s 16-day pan-Europe initiative included customer campus visits and roadshows through a 3,000 km innovation-onwheels drive covering Greater Manchester & Ellesmere Port (Cheshire) in the UK, Amiens & Paris in France and Eindhoven in Netherlands, culminating in Germany. 379 - 380 - 381 -Google CWIP Certification: LTTS completed Google’s CWIP certification program for Widevine DRM solutions for OTT delivery of secure content to devices for streaming or download. 382 - 383 - 384 -Consolidating the European Footprint: L&T Technology Services expanded its footprint in Europe by setting up an office in the Hi-Tech campus, Eindhoven. The objective of this office is to enhance customer centricity in the Netherlands. Located in the High-Tech campus, the office will act as a focal point to serve LTTS’ local customers and prospects better in their digital journey 385 - 386 - 387 -Factory D.0: LTTS unveiled its one-stop solution for factories of the future to address the fundamental problems with the smart factory solutions of today. 388 - 389 - 390 -Financial Overview 391 - 392 - 393 -Income 394 - 395 - 396 396 The company's revenue from continuing operations increased by 10.6% to Rs 56,191 Million for the year ended March 31, 2020 from Rs 50,783 Million for the year ended March 31, 2019, with growth being led primarily by the Transportation, Plant Engineering, and Medical Devices segments. 397 397 234 +The company's USD revenue from continuing operations comprise revenues denominated in USD, in addition to amounts in foreign currencies across its operations, that are converted into USD using the day-end exchange rates for the relevant period. Such revenues increased by 8.7% to USD 786 Million for the year ended March 31, 2020 from USD 723 Million for the year ended March 31, 2019. 398 398 399 -T he company's USDrevenue from continuing operationscomprise revenues denominated in USD, in addition to amounts in foreign currencies across its operations,thatareconvertedintoUSDusingtheday-endexchangeratesfortherelevant period. Such revenues increased by 8.7% to USD 786 Million for the year ended March 31, 2020 from USD 723 Million for the year ended March 31, 2019.236 +**Transportation ** 400 400 401 - 402 -Segmental 403 - 404 - 405 -Transportation 406 - 407 - 408 408 Transportation segment is its largest segment by revenue and contributed 35.4% of the company’s total revenue in FY’20 vs 31.9% of the total revenue in FY’19. The segment clocked a healthy topline growth of 22.7% Y-o-Y. The operating margin of this segment has increased from 16.7% in FY’19 to 17.7% in FY’20. Increase in operating margin is due to increase in revenue from FY’19 to FY’20. 409 409 240 +**Telecom & Hi-tech ** 410 410 411 -Telecom & Hi-tech 412 - 413 - 414 414 Telecom segment is the second largest segment. The segment has contributed 20% of the company’s total revenue in FY’20 vs 27.1% of the total revenue in FY’19. The operating margin of this segment has improved to 16.5% in FY’20 from 15.6% in FY’19. 415 415 244 +**Industrial Products ** 416 416 417 -Industrial Products 418 - 419 - 420 420 The Industrial Products segment is the third largest segment and has contributed 19.3% of the company’s total revenue in FY’20 vs 20.1% of the total revenue in FY’19. The segment has shown a decent growth in revenue by 6.5% Y-o-Y. The operating margin of this segment has improved from 24.9% in FY’19 to 26.1% in FY’20. 421 421 248 +**Plant Engineering ** 422 422 423 -Plant Engineering 424 - 425 - 426 426 Plant Engineering contributed 16.2% of the company’s total revenue in FY’20 vs 14.2% of the total revenue in FY’19. The segment showed an increase of 26% Y-o-Y. The operating margin of this segment has significantly increased from 22.7% in FY’19 to 25.4% in FY’19. 427 427 252 +**Medical Devices ** 428 428 429 -Medical Devices 254 +Medical Devices segment is the smallest segment and contributed 9.1% of the company’s total revenue in FY’20 whereas in FY’19 it was 6.7%. This segment grew by 51.4% Y-oY and was the fastest growing segment in FY’20. The operating margin of this segment has improved from 24.8% in FY’19 to 27.3% in FY’20. 430 430 256 +**Other Income** 431 431 432 - MedicalDevicessegmentis thelestsegment andcontributed9.1%ofthe company’stotal revenue in FY’20whereas in FY’19it was6.7%.Thissegmentgrewby51.4%Y-oYandwasthefastestgrowingsegment in FY’20.Theoperatingmargin of this segmenthas improved from 24.8%inFY’19to27.3%inFY’20.258 +The company's Other Income primarily consists of income from foreign exchange gains investments in mutual funds, interest received, net gain on fair value of investment and miscellaneous income. In miscellaneous income, the income from sale of export licenses (obtained as a result of government incentives) increased by Rs 655 Million in FY 20 (FY20: Rs 931 Million and in FY19: Rs 276 Million) which was more than offset by the absence of the one-time income of Rs 780 Million registered in FY19 (which was towards a transaction with one of the Company’s customers), leading to decrease in its Other Income to Rs 2,091 Million for the year ended March 31, 2020 from Rs 2,228 Million for the year ended March 31, 2019. 433 433 260 +The Company designates foreign exchange forward contracts as hedge instruments in respect of foreign exchange risks. These hedges are accounted for as cash flow hedges. The Company uses hedging instruments that are governed by the policies of the Company which are approved by the Board of Directors, which provide written principles on the use of such financial derivatives consistent with the risk management strategy of the Company. 434 434 435 -Expenses 262 +== Expenses == 436 436 437 - 438 438 The company's expenses include employee benefit expenses, other operating expenses, change in contingent consideration, finance costs, depreciation and amortization and tax expenses. The total of such expenses increased by 10.4% to Rs 50,058 Million for the year ended March 31, 2020 from Rs 45,327 Million for the year ended March 31, 2019, primarily as a result of an increase in employee benefit expenses, which was attributable to the growth of its operations and annual increase in salaries. 439 439 440 - 441 441 Employee benefit expenses comprise salaries (including overseas staff expenses), share based payment, staff welfare, contributions to provident funds and contributions to gratuity funds. 442 442 443 - 444 444 The company's employee benefit expenses increased by 8.6% to Rs 32,916 Million for the year ended March 31, 2020 (which represented 58.6% of its revenue from operations for such year) from Rs 30,318 Million for the year ended March 31, 2019 (which represented 59.7% of its revenue from operations for such year). This is primarily as a result of increase in salaries, including overseas staff expenses, to Rs 31,775 Million from Rs 29,307 Million on account of annual increments and increase in the headcount from 15,140 as at March 31, 2019 to 16,883 as at March 31, 2020. 445 445 270 +Employee benefit expenses earlier consisted of Travel Cost of Billable Employees which in FY 20 are regrouped under Other Operating Expense and FY 19 figures are regrouped accordingly. 446 446 447 - Employee benefit expenses earlierconsisted of Travel CostofBillableEmployeeswhichinFY20areregroupedunderOtherOperatingExpense and FY 19 figures are regrouped accordingly.272 +**Finance costs ** 448 448 449 - 450 -Other Income 451 - 452 - 453 -The company's Other Income primarily consists of income from foreign exchange gains investments in mutual funds, interest received, net gain on fair value of investment and miscellaneous income. In miscellaneous income, the income from sale of export licenses (obtained as a result of government incentives) increased by Rs 655 Million in FY 20 (FY20: Rs 931 Million and in FY19: Rs 276 Million) which was more than offset by the absence of the one-time income of Rs 780 Million registered in FY19 (which was towards a transaction with one of the Company’s customers), leading to decrease in its Other Income to Rs 2,091 Million for the year ended March 31, 2020 from Rs 2,228 Million for the year ended March 31, 2019. 454 - 455 - 456 -The Company designates foreign exchange forward contracts as hedge instruments in respect of foreign exchange risks. These hedges are accounted for as cash flow hedges. The Company uses hedging instruments that are governed by the policies of the Company which are approved by the Board of Directors, which provide written principles on the use of such financial derivatives consistent with the risk management strategy of the Company. 457 - 458 - 459 -Finance costs 460 - 461 - 462 462 Finance costs comprise bank interest paid and Interest accounted towards IND AS116. Exchange losses on borrowings are also accounted for as part of finance costs. 463 463 464 - 465 465 The company's finance costs increased to Rs 365 Million for the year ended March 31, 2020 (majorly on account of Interest on Lease Liability booked amounting to Rs 350 Million as a part of adoption of IND AS 116 effective 1st April 2019) from Rs 19 Million for the year ended March 31, 2019. 466 466 278 +**Depreciation and Amortization ** 467 467 468 -Depreciation and Amortization 469 - 470 - 471 471 The company's depreciation and amortization on tangible & intangible assets increased to Rs 1,829 Million for the year ended March 31, 2020 (out of which Rs 783 Million accounted as Depreciation on ROU created as per IND AS 116) from Rs 1,042 Million for the year ended March 31, 2019. 472 472 282 +== Net Profit == 473 473 474 - NetProfit284 +LTTS net profit increased by 7.0% to Rs 8,224 Million for the year ended March 31, 2020 from Rs 7,684 Million for the year ended March 31, 2019. 475 475 476 - 477 -our net profit increased by 7.0% to Rs 8,224 Million for the year ended March 31, 2020 from Rs 7,684 Million for the year ended March 31, 2019. 478 - 479 - 480 480 The company's Basic EPS before extraordinary items has increased by 6.1% to Rs 78.56 per share in the year ended March 31, 2020 from Rs 74.06 per share in the year ended March 31, 2019. The diluted EPS has increased by 6.6% to Rs 77.70 per share in the year ended March 31, 2020 from Rs 72.91 per share in the year ended March 31, 2019. The increase is on account of higher profit attributable to equity shareholders 481 481 288 +== Key Financial Ratios == 482 482 483 -Key Financial Ratios 290 +(% style="width:484px" %) 291 +|(% style="width:283px" %)**Ratio **|(% style="width:104px" %)**FY 20 **|(% style="width:102px" %)**FY 19** 292 +|(% style="width:283px" %)Days Sales Outstanding (in days) |(% style="width:104px" %)90|(% style="width:102px" %)76 293 +|(% style="width:283px" %)Interest Coverage Ratio |(% style="width:104px" %)1,120|(% style="width:102px" %)641 294 +|(% style="width:283px" %)Current Ratio |(% style="width:104px" %)2.8|(% style="width:102px" %)2.8 295 +|(% style="width:283px" %)Debt Equity Ratio |(% style="width:104px" %)0|(% style="width:102px" %)0 296 +|(% style="width:283px" %)Operating Profit Margin ~(%) |(% style="width:104px" %)16.50%|(% style="width:102px" %)16.00% 297 +|(% style="width:283px" %)Net Profit Margin ~(%) |(% style="width:104px" %)14.60%|(% style="width:102px" %)15.10% 298 +|(% style="width:283px" %)Return on Net Worth ~(%) |(% style="width:104px" %)31%|(% style="width:102px" %)35% 484 484 300 += Recent developments = 485 485 486 -Ratio FY 20FY 19302 +June 02, 2020; L&T Technology Services Joins SRT Alliance and Is Recognized as SRT Ready Partner{{footnote}}https://www.ltts.com/sites/default/files/news/2020-06/SRT-LTTS%20Final.pdf{{/footnote}} 487 487 488 -Days Sales Outstanding (in days) 90 76 489 - 490 -Interest Coverage Ratio 1,120 641 491 - 492 -Current Ratio 2.8 2.8 493 - 494 -Debt Equity Ratio 0 0 495 - 496 -Operating Profit Margin ~(%) 16.50% 16.00% 497 - 498 -Net Profit Margin ~(%) 14.60% 15.10% 499 - 500 -Return on Net Worth ~(%) 31% 35% 501 - 502 - 503 -Recent developments 504 - 505 - 506 -June 02, 2020; L&T Technology Services Joins SRT Alliance and Is Recognized as SRT Ready Partner8 507 - 508 - 509 - 510 510 L&T Technology Services Limited has joined the SRT Alliance and has been recognized as an SRT Ready partner providing customers with cutting-edge cloud-based video transport technology. 511 511 512 - 513 513 The SRT Alliance, founded by Haivision in April 2017, already has more than 300 members. Its mission is to overcome the challenges of low-latency live streaming by supporting the collaborative development of SRT (Secure Reliable Transport) through the SRT Open Source Project, the fastest growing open source streaming project. 514 514 515 - 516 516 SRT is a free open source video transport protocol and technology stack originally developed and pioneered by Haivision that enables the delivery of high-quality and secure, low-latency video across the public internet. Some of the world’s top broadcasters and operators are already part of the industry pervasive SRT Alliance. LTTS is one of the latest additions to the alliance as an SRT solution provider. 517 517 518 - 519 519 LTTS’ in-house platforms such as its next-gen digital signage solution Flyboard, combined with its expertise in SRT and cloud transmission, open up a plethora of possibilities for the industry. Some of these include reducing transmission time by up to 75% in remote area defense communications, cloud-based production workflows to reduce transmission costs from the field to broadcaster studios, live coverage of far flung events without the need of satellite links, and enhanced viewing of sporting events through multiple angles for commentators and fans alike. 520 520 312 +August 04, 2020; L&T Technology Services expands collaboration with Microsoft to offer eco-friendly solutions for workplace transformation{{footnote}}https://www.ltts.com/sites/default/files/news/2020-08/LTTS_IBEMS_Microsoft_PR.pdf{{/footnote}} 521 521 522 -August 04, 2020; L&T Technology Services expands collaboration with Microsoft to offer eco-friendly solutions for workplace transformation9 523 - 524 - 525 - 526 526 L&T Technology Services Limited announced that it has expanded its collaboration with Microsoft Corporation and launched its latest and enhanced version of the state-of-the-art i-BEMSTM solution on Microsoft Azure to transform buildings into future-ready smart campuses. 527 527 528 - 529 529 With growing digital transformation, there has been a clear impetus on the need for organizations to revamp their office premises to be eco-friendly, taking into consideration sustainability aspects including greenhouse gas and carbon emissions. Another important aspect for office and facility administrators today is to find balance in their buildings to ensure health, safety and wellbeing of their workforce. 530 530 531 - 532 532 LTTS’ award-winning Intelligent Building Experience Management System i-BEMSTM is a system-of-systems solution that focuses on creating digital experiences and intelligent space management. The cloud-based smart buildings/campus/spaces solution helps monitor and manage building operations and optimize business metrics leveraging advanced IoT based Edge Analytics and machine learning algorithms. 533 533 534 - 535 535 i-BEMS™ uses advanced energy analytics and fault diagnostics for energy savings, and netzero energy compliance. i-BEMSTM has enterprise-grade security features and can create a digital twin to test changes in a virtual build of the building. 536 536 537 - 538 538 LTTS has earlier collaborated with Microsoft to develop a smart campus in Israel for a leading technology company. The two companies have also partnered to leverage Azure IoT platform for Sustainability solutions and connect with Microsoft Dynamics 365 for Field Service to enable real-time optimization, improve ROI and employee productivity for Facility Management and Operations globally. In 2018, LTTS furthered their working relationship with Microsoft by setting up a Digital Industrial Transformation Applied Innovation Centre for shared enterprise customers. 539 539 540 - 541 541 The current expanded collaboration leverages Azure to enable i-BEMSTM to act as a Facility Information Broker, unifying data from all systems making the building/campus a single entity rather than a heterogeneous collection of systems focused on employee health and safety and preservation of the immediate environment. 542 542 326 += References = 543 543 544 -References 545 - 546 - 547 - 548 548 {{putFootnotes/}}