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SR 50 Best Indian Founded Companies 2017

L&T Technology Services Limited: Meet the Domain Leaders Delivering World-Class Design & Development Solutions to Clientele Globally

thesiliconreview-dr-keshab-panda-ceo-md-l-&-t-technology-services-limited-2017We are a leading global pure-play engineering services company, built upon a 75 year old legacy and heritage of the Larsen and Toubro.”

L&T Technology Services is a name to reckon with. A niche global company in the Engineering R&D space, they were born out of the consolidation of the superior strengths of the Engineering giant Larsen & Toubro.

The leading engineers who believe in engineering better products and discovering novel ways to build a sustainable future, the company provide practical, economical, and scalable business solutions in the form of ER&D services to manufacturing, technology and process engineering companies. The company offer high end services and solutions that span the entire engineering life cycle (conceptualization to aftermarket) to all major industries viz. TransportationIndustrial Products,  Telecom,Consumer Electronics & SemiconductorsMedical Devices and Process Industry.

ER&D services offered by the company helps customers reduce time-to-market for their end products and services innovate to create new products and solutions, reduce cost of development and meet increasing regulatory requirements more effectively. With a global client portfolio of 200+, including 43 of the top 100 Global Engineering R&D spenders, the company offer significant growth opportunities for our existing customers while providing an exciting potential matrix to new ones.

Solutions Offered

Engineering Analytics- L&T Technology Services is the perfect partner for technology intensive OEMs helping them be the first to market by leveraging robust Product Engineering Analytics tools and deep domain expertise across Industrial Products, Utilities, Oil & Gas, Consumer Products & Appliances, Telecom, Healthcare and Transportation.

  • Data Analysis- L&T Technology Services’ Data Analysis capability enables the product engineering function to make decisions about several things, including: purpose of the operation, part design characteristics, specifications and tolerances of parts, materials, manufacturing process design, setup and tooling, working conditions, material handling, plant layout, and workplace design.
  • Descriptive Analytics- Organizations require analytics solutions that can reveal insights from large volumes of data to help improved decision making and handle numerous varieties of data from multiple data sources from within and outside the business.
  • Predictive Analytics- Businesses need the ability to analyze dated and live data, as well as predict the future, to distill through and find out what are valuable, sight trends and share insights they may not even have imagined. With Predictive Analytics, they can achieve benefits ranging from increased revenue to lowered product development expenses, faster time to market and reduced risk. L&T Technology Services’ Predictive Analytics uses statistical protocols and forecasts to ask: ‘What could happen?’ and provides answers that move beyond using historical data as the principal basis for decisions. Instead, it helps product engineers anticipate likely scenarios - so they can plan ahead, rather than reacting to what has already happened.

Semiconductor IP Solutions- L&T Technology Services Controller IP’s are VIP & PHY Agnostic. The company has verified their controller’s not only against own internal VIP’s but also against multiple available 3rd party VIP’s in the market.

  • USB Solutions- Wired Data Transfers in today's world commonly done using Universal Serial Bus(USB). Any Portable and Consumer devices support USB to connect to PC's for data transfer.
  • MIPI Solution- Mobile Industry Processor Interface abbreviated MIPI is a Mobile Processor Interface standard developed specifically for Mobile and Mobile influenced industry.

Value Proposition

The engineering specialists in Innovation, some of L&T Technology Services strengths include:

  • Customer Obsession: They put customers first and partner with you to deliver business outcomes. Their flexible engagement models are shaped for your convenience to meet the Key Performance Indicators needed for your business.
  • Multi-vertical industry expertise: The company possess multi-vertical industry expertise and target a broad spectrum of services in all the segments of their business. Their customers benefit from experience in multiple technologies, industry knowledge, multi-site project management expertise and cutting edge engineering tools.
  • Innovation Culture: TechPanorama, their annual flagship technology event held across the organization witnesses’ participation of over 8000 employees. Employees present white papers and ideas that lead to building and inventing products and services throughout the year. This has helped improve productivity for our customers and has culminated in filing of 254+ patents across industries.
  • Vision for Future: L&T Technology Services broadened their expertise in the transportation segment in June 2014, through acquisitions in TSIPL, the Indian subsidiary of Thales, a global aerospace, transportation, defence and security company.

Knowing the Leader

thesiliconreview-l-&-t-technology-services-limited-cover-page-2017Dr. Keshab Panda, Chief Executive Officer and Managing Director - Dr. Panda has over 31 years of global industry experience in research, conceptualizing, creating, operationalizing and turning around complex technology and engineering services businesses.

He has obtained a graduate degree of technology in aeronautical engineering from Anna University, Chennai, and a post graduate degree in aerospace engineering from Indian Institute of Science, Bangalore. He obtained his Doctor of Philosophy from the Indian Institute of Technology, Bombay. He also holds an advanced management degree from the Aresty Institute of Executive Education, The Wharton School, University of Pennsylvania. He started his career as a research scientist in Indian Space Research Organization and worked at the Aeronautical Development Agency, Ministry of Defence, Government of India, as a scientist/engineer for over 8 years.

Dr. Panda joined the L&T Group as Chief Executive of L&T IES in 2009.  After L&T IES was rechristened as L&T Technology Services in 2013, Dr Panda was appointed as the Chief Executive Officer and Managing Director of L&T Technology Services on January 21, 2016. Dr Panda led L&T Technology Services through a high profile Initial Public Offering (IPO) in India and successfully listed the company on the National Stock Exchange and the Bombay Stock Exchange. His past leadership roles include President – Americas, Mahindra Satyam & Head of Europe Operations, Satyam Computer Services Limited.

Innovation at L&T Technology Services

Deeply passionate and perennially curious, the need to create is a true phenomenon at L&T Technology Services. Their culture of innovation has led to filling of 254 patents. The company continuously innovates to make engineering solutions leaner and less complex through their state-of-art lab facilities, collaboration with multiple technology partners, annual innovation-centric events and a unique forum for sharing the best ideas.

Innovation, Research & Test laboratories - L&T Technology Services research centres seek to replicate customer’s work environment, enabling them to work very closely with the customers’ research and development teams on product innovation through leveraging technology. Their 30+ laboratories explore technologies such as IoT, Digital engineering (smart products, smart services, smart manufacturing and smart operations) and provide state-of-art lab infrastructure.

TechPanorama - An initiative by L&T Technology Services, serves as a platform for our employees to showcase their creative skills and demonstrate ideas. In 2016, over 8000 employees participated wherein over 2534 whitepaper abstracts were evaluated and 150 inventions & innovations displayed. They have multiple products patented on our name as part of this initiative.

Collaboration with NASSCOM, Microsoft, Sierra Wireless, National Instruments, Redknee, Intel, Tele2 and IISc – The company also work closely with national, international and scientific institutions to continually source ideas for engineering solutions. For example, they have become a strategic partner in the IoT Centre of Excellence for start-ups, and they are leading the initiative created by NASSCOM in association with the Indian government. Their other alliances and industry partnerships include Intel, Sierra Wireless, Redknee, Microsoft, National Instruments and Tele2. They have recently entered into a partnership with the Centre for Nano Science and Engineering (CeNSE), Indian Institute of Science (IISc), Bangalore to jointly work towards innovations in the areas of Sensors and Energy Efficient Systems based on Nanotechnology.

TS Connect Platform - This is the web based portal, where employees of L&T Technology Services participate and share new ideas. This forum includes features such as vertical and stream updation and master list creation to screen ideas and theories which can be practically implemented.  This platform also includes portals such as TechnoXpert, iKnowledge and tools for engineering design automation enhancement.

Customer Testimonials!!

"L&T has been involved with the modeling and redrawing of a significant number of current legacy 2-D drawings existing in our system. Without L&T resources, this conversion would be extremely disruptive to our normal operations. One of their strengths is the ability to bring resources on site quickly to respond to situational changes."- Engineering Manager, a leading global manufacturer of agricultural equipment

"The teams at L&T Technology Services are extremely easy to work with. They take great strides to ensure that the input of the clients are listened to and worked into the overall design."- Director, Engineering - Building Automation Company

Laurels in their Hat

  • Conferred with Prestigious Golden Peacock National Quality Award
  • Indo-American Chamber of Commerce conferred L&T Technology Services with the 'Company of the Year Award'.
  • Indo-American Chamber of Commerce conferred L&T Technology Services with the 'Green Office Space award'.
  • Recipient of coveted Dataquest Business Technology Award.
  • Recognized as “ACE Supplier Gold” by UTC; also wins productivity award.
  • Won the Golden Globe Tigers Award for Leadership Development and Coaching.
  • NASSCOM selects L&T Technology Services’ case study on ‘Demand Forecasting’ in its Top 50 ‘Excellence in Analytics’       study.
  • Won “Quality Excellence Award in Product Development” at the National Quality Excellence award function in February 2015.
  • Received the Excellence in Engineering Services Award from Frost & Sullivan.
  • Voted as one of the Best Companies with Software Testers.
  • Recipient of “Quality Excellence Award for Planning, Processes & Systems” at the World Quality Congress, 2014.

"I appreciate L&T's support in designing, prototyping, testing and supplier coordination, towards the launch of our first QWERTY keyboard in the rugged handheld market early next year. L&T engineers partnered with us at our location and in India to speed up this process with complete dedication and involvement. L&T's remarkable contribution instilled confidence in us to outsource design and development services for our new product variant that works in freezer applications."- Mike Doyle, Chief Technology Officer, Psion

"L&T team is easy and professional to work with. They have handled the development process from the voice of the customer to ended project in an excellent manner."- Svein Wognild, Chairman, A leading medical device manufacturer

 “We believe that our culture of innovation has enabled us to grow and retain our customer relationships and successfully achieve process and productivity improvement for customers.”

“We enable our customers to develop and build products, processes and infrastructure required to deliver products and services to their end customers.”

Laurels in their Hat

  • Conferred with Prestigious Golden Peacock National Quality Award
  • Indo-American Chamber of Commerce conferred L&T Technology Services with the ‘Company of the Year Award’.
  • Indo-American Chamber of Commerce conferred L&T Technology Services with the 'Green Office Space award'.
  • Recipient of coveted Dataquest Business Technology Award.
  • Recognized as “ACE Supplier Gold” by UTC; also wins productivity award.
  • Won the Golden Globe Tigers Award for Leadership Development and Coaching.
  • NASSCOM selects L&T Technology Services’ case study on ‘Demand Forecasting’ in its Top 50 ‘Excellence in Analytics’ study.
  • Won “Quality Excellence Award in Product Development” at the National Quality Excellence award function in February 2015.
  • Received the Excellence in Engineering Services Award from Frost & Sullivan.
  • Voted as one of the Best Companies with Software Testers.
  • Recipient of “Quality Excellence Award for Planning, Processes & Systems” at the World Quality Congress, 2014.
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