| The Company was incorporated as L&T Information Technology Limited on December 23, 1996 at Mumbai as a public limited company under the Companies Act, 1956. The Company received the certificate of commencement of business on March 25, 1997. Subsequently, the name of The Company was changed to Larsen & Toubro Infotech Limited pursuant to a special resolution passed by The Shareholders at the EGM held on June 11, 2001. The name of The Company was changed to convey The vision for The global brand and to draw strength from The Promoter. Pursuant to the change of name, a fresh certificate of incorporation was issued to The Company by the RoC on June 25, 2001. As of the date of this Red Herring Prospectus, The Company has 1,205 Shareholders (including 11 additional folios held by certain Shareholders of The Company).
Major events and milestones of the Company :
The table below sets forth the key events in the history of the Company:
1997
-Incorporation of The Company
2002
-The Company was assessed at the Optimizing Level 5 of the Capability Maturity Model for Software, Version 1.1 by the Software Engineering Institute, Carnegie Mellon University, USA for the Mumbai, Navi Mumbai, Pune, Chennai, Bengaluru and Mysuru development centres.
2007
-The Company acquired GDA USA, an electronic design services company.
2008
-The Company established business in South Africa.
2010
-The Company was appraised at Maturity Level 5 (Optimizing) of CMMI for Development v1.2 for the units at Mumbai, Navi Mumbai, Pune, Bengaluru, Mysuru and Chennai.
2011
-The Company acquired transfer agency business unit of Citigroup Fund Services Canada Inc. and renamed it as LTIFST
2013
-The business verticals were re-cast into two clusters- industrials and services.
2014
-The Company transferred The PES Business unit to LTTSL.
2015
-The Company acquired ISRC from Otis Elevator Company, USA and Otis Elevator Company (India) Limited, units of United Technologies Corporation.
2016
-The Company was assessed at maturity Level 5 CMMI-SVC v1.3 for the units at Mumbai, Navi Mumbai, Pune, Bengaluru and Chennai.
-The Company is positioning to cater to "Smart Cities" opportunities that we have identified.
2017
-The Company was assessed at Maturity Level 5 CMMI-DEV v1.3 for the units at Mumbai, Navi Mumbai, Pune, Bengaluru and Chennai.
Awards and Accreditations :
2016
-The Company has been recognised as the top company for programs on corporate social responsibility by the International Association of OutsThecing Professionals in the 2016 Global OutsThecing 100 Leader Size Judging Group.
-Zinnov positioned The Company in the Leadership Zone for Digital Consulting Services in Zinnov Zones for Digital Services, released in 2016.
-The Company's internal newsletter "Ping" received Bronze Award at Association of Business Communicators India's 55th Awards ceremony held in March 2016.
-Company's internal digital magazine "All Go Rhythm" received Gold Award at Association of Business Communicators India's 55th Awards ceremony held in March 2016.
-The Company has won three awards during the World Innovation Congress, 2016 in relation to (i) Financial Crime EDD Automation Solution, which provides automated financial crime enhanced due diligence processes, for being the best innovation in information technology, (ii) MediaHub, which provides cloud based storage and media conversion, for being the most promising new product technology and (iii) MyCar, which connects users to their cars and enables them to manage information in relation to their cars, for being the most innovative product of the year.
2015
-The Company was ranked in the leadership zone for broadcasting sector in Zinnov's Global Service Providers Rating, 2015.
-The Company, being the implementation partner for the L&T Metro Rail Hyderabad project, was awarded the SAP ACE Award, 2015 in Strategic HR and Talent Management.
-The Company was awarded the Indian Merchants' Chamber Ramkrishna Bajaj National Quality Award 2015 for performance excellence in the Service Category.
-One of The employees was awarded the Digital Transformational Leader 2015 Award from Deutsche Messe, Fiera Milano - CeBIT for The Company's contribution towards digital transformation, using geospatial analytics technology in the insurance industry.
-The Company was awarded the Big Data & Business Analytics Award for Best Analytics Services/ Solution Provider in Predictive Modelling presented to autoMATIC (a telematics based advanced analytics solution) at the World Marketing Congress.
-The Company was conferred with the "Innovation in Big Data" Award by the NetApp Innovation Awards in the year 2015.
-The Company was conferred with the three awards at the World Innovation Congress, 2015 in the Technology, Innovators and Entrepreneurs categories and five awards from the World HRD Congress, 2015 in relation to The Indian operations, including training organisation of the year, best leadership development for middle management, best leadership development program for top management, and most innovative use of training and development as an HR initiative for OD.
2014
-The Company was awarded the Honda North America 2014 Performance Excellence Award in the year 2014.
-The Company has won two awards during the World Innovation Congress 2014 in relation to SapphireTM, an open sThece-based social media analysis solution for being the Most Promising New Product- Information Technology and in relation to Campus Next TM, a Cloud enterprise solution for academic institutes for the Best Innovative On-Line Service in the year 2014.
2013
-The Company was awarded with the Edge Award for implementation of 1-View, a customisable master data management solution, at INTEROP-2013 conference in the year 2013.
2016
- L&T Infotech and Coupa Form Strategic Partnership to Provide Cloud-based Spend Management Solutions
- L&T Infotech Awarded Multi-Year Applications Managed Services Contract by Hartford Steam Boiler (HSB)
- L&T Infotech ties up with Akshaya Patra to promote literacy
- L&T Infotech Joins Nutanix Partner N3etwork
2017
-L&T Infotech Selected as a Strategic Partner by Scandinavian Energy Company, OKQ8 Scandinavia
-L&T Infotech Unveils New Brand Identity as LTI
-LTI Introduces Accounts Receivable Analytics Suite for Retail & CPG Enterprises
-"LTI Announces Strategic Implementation Partnership with Apttus".
-LTI Announces Acquisition of Syncordis S.A.
-LTI Infotech Partners with Institute of Electrical and Electronics Engineers (IEEE)
-LTI Ranked Amongst 'Super 50' in Dalal Street Investment Journal (DSIJ) 150 Wealth-Creators List.
2018
-Larsen & Toubro Infotech joins Enterprise Ethereum Alliance.
-LTI inaugurates global delivery center in Johannesburg.
-LTI Ranks as the Top Service Provider in France.
-LTI Recognized as the Winner of 2018 Microsoft App Innovation Award.
2019
-LTI Named as the Top Challenger in the Everest Group's PEAK Matrix IT Service Provider of the YearTM 2019.
-LTI Wins Multiyear Engagement with Hoist Finance AB to manage its IT Operations.
2020
-LTI Partners with Abu Dhabi Headquartered Injazat to Accelerate Digital Transformation in the Middle East.
-LTI Selects Temenos to Launch Digital Banking Platform in the Nordic Market.
-LTI Recognized as a Great Place to Work in the USA.
-LTI Launches Canvas, a Modern Software Engineering Platform for Remote & Hybrid Workforce of Future.
-LTI Wins 2020 SAP Pinnacle Award as the Industry Innovation Partner of the Year.
2021
-LTI wins Honda's 2021 Indirect Procurement Supplier Award.
-LTI bags Golden Peacock National Quality Award 2021.
-LTI Inaugurates New Delivery Center in Hyderabad.
-LTI Launches Fosfor, the Data-to-Decisions Product Suite for Monetizing Data.
-LTI Launches Operational Technology Transformation Solution with ServiceNow.
2022
-LTI and Mindtree announce merger to create India's next large-scale IT services player.
-Company name has changed to LTIMindtree Ltd from Larsen & Toubro Infotech Ltd.
-LTIMindtree Ltd wins Honda Supplier of the Year Award 2022.
-LTIMindtree Ltd has secured a second order to implement a solar photovoltaic cum storage project in the Kutch district of Gujarat.
-LTIMindtree Ltd secures order from Delhi Metro Rail Corporation.
2023
-LTI Mindtree wins Golden Peacock Award for Sustainability in 2023"
-LTI Mindtree Limited informed regarding Scheme of Amalgamation amongst Powerupcloud Technologies Private Limited, Lymbyc Solutions Private Limited, Cuelogic Technologies Private Limited and the Company and their respective Shareholders'.
|