Engineering services firm targets double-digit growth through mobility, sustainability and technology businesses
L&T Technology Services Ltd (LTTS), a leading global engineering and technology services company, is rearchitecting its business around AI-first and platform-led delivery models under its ‘Lakshya 31’ strategy to drive long-term growth, deepen client relationships and enhance operational performance.
In the company’s annual report, Chairman S.N. Subrahmanyan said LTTS is focusing on scaling intelligence-led engineering solutions rather than traditional effort-based delivery models.
“Under the Lakshya 31 mandate, we are rearchitecting our delivery around AI-first, platform-led models designed to scale intelligence, not just effort, along with next-generation engineering capabilities to deepen our relationships with global clients,” he said.
Leadership, innovation key priorities
The company said its renewed leadership framework is centred on promotion, retention and nurturing of talent across the organisation, while strengthening internal succession planning.
LTTS aims to fill nearly 80% of leadership roles internally through initiatives such as Leaders League and the ALTUM succession framework. The company currently has a workforce of over 23,800 employees globally.
The engineering services firm said strategic partnerships with technology ecosystems and research institutions continue to strengthen its innovation-led positioning. LTTS added that it remains focused on mid- to long-term double-digit growth across core segments while improving margins and shareholder value.
Mobility, sustainability drive growth
According to the company, its three-segment structure comprising Mobility, Sustainability and Tech continues to provide strategic resilience and growth visibility.
The mobility business, despite near-term headwinds in the automotive sector, is witnessing early signs of recovery driven by growing demand for Software-Defined Vehicles (SDV), electrification and embedded engineering solutions across global automobile manufacturers and Tier-1 suppliers.
Sustainability has emerged as a major growth driver for LTTS, delivering double-digit growth supported by rising global demand in plant engineering, industrial automation, data centres and energy transition programmes. The company said this segment also remains its highest-margin business.
AI-led technology transformation
The technology segment is increasingly evolving into a platform-led and AI-driven business with strong traction in software engineering, semiconductors and MedTech solutions.
“The integration of AI, data engineering, and domain expertise is unlocking new value streams and strengthening our position in high-growth areas,” Subrahmanyan said.
LTTS said the acquisition of Silicon Valley-based Intelliswift Software Inc has further strengthened its software and platforms capabilities.
The company believes the convergence of engineering, software and AI is creating significant opportunities globally for firms capable of delivering integrated and intelligence-led solutions backed by strong execution capabilities.