LTTS joins Arizona Tech Council to scale smart city solutions
IT services firm L&T Technology Services has joined the Arizona Technology Council through its Smart World business. The Arizona Technology Council is Arizona's premier trade association for science and technology companies. With LTTS on board, Arizona Technology Council will gain a partner with expertise in the tech segment with specialisation in smart city solutions, digitisation, automation and sustainable technology solutions.
LTTS’ participation is expected to enhance collaborative opportunities, drive innovation, and strengthen Arizona’s position as a leading technology hub. LTTS will be engaging with Arizona Technology Council’s community of technology leaders, innovators, and collaborators.
“We are excited to join the Arizona Technology Council and be a part of Arizona’s dynamic tech community. Our goal is to not only to grow our presence in the region but also collaborate with fellow members to drive innovation and bring forward transformative engineering solutions through our Smart World business,” said Abhishek Sinha, Executive Director & President, Medical, Smart World & Functions, LTTS.
Notably, LTTS signed a multiyear agreement for $80 million with a US-based industrial products manufacturer. The deal focuses on accelerating the client’s digital transformation by integrating connected products and digital thread technologies.
As part of this agreement, LTTS will establish a Center of Excellence (CoE) in India. The CoE will serve as a global innovation hub, supporting the client’s digital initiatives and product lifecycle management. This effort aims to enhance the client’s operations and expand their presence in digital and emerging technologies.
In Q3FY25, LTTS’ revenue from North America declined 0.2% quarter-over-quarter (QoQ) but increased 1.2% year-over-year (YoY). Overall, the company reported a revenue of ₹26,530 million, marking a 3.1% QoQ and 9.5% YoY growth.