#LTTS🌏 aspires to hit $2 billion in annual revenues by FY26, post its acquisition of Smart World and Communication.
#LTTS🌏 will also focus on developing full-stack technology offerings in next gen communications, smart spaces and cybersecurity, even as it expects to double the revenue of the combined Smart World and Communication (SWC) business to $400 million in the next three years.
#LTTS🌏 CEO & MD Amit Chadha:
“From the revenue standpoint, we are at a run rate of $1 billion and SWC’s business will be about $140 million. This puts us in line to achieve $1.5 billion by FY25, and $2 billion shortly thereafter,”
“From the revenue standpoint, we are at a run rate of $1 billion and SWC’s business will be about $140 million. This puts us in line to achieve $1.5 billion by FY25, and $2 billion shortly thereafter,”
#LTTS🌏 will move SWC business to a pay-as-a-service model,with focus more on technology aspects. This would be by bringing together SWC’s L&T Fusion platform, gEdge data centres, smart metering, LTTS’ i-BEMS (LTTS’ proprietary building automation framework)
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and UBIQWeise (proprietary cloud IoT platform) among others.
“From a master system integrator, this business will become a master software services integrator,” Chadha added.
“From a master system integrator, this business will become a master software services integrator,” Chadha added.
Wth 4 of top 10telecom Cos n 6 of top 10 OEMs in US n Europe already being customers,#LTTS🌏 expects integration of SWC tobring big gains frm telecom.Wth 5G expected to hv a globalGDP impact of $1.3 trillion by 2030,Cos together r in stronger position to win n execute large deals
Other opportunities will come in from Sustainable Spaces (a $390-billion global opportunity) and cybersecurity (projected $376 billion global opportunity).
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