L&T Technology Services Ltd (LTTS) has divested its Smart World and Communication (SWC) business to AMI Paradigm Solutions Pvt Ltd for ₹452 crore, as part of its next five-year roadmap, which focuses on strengthening its presence across manufacturing, industrial and technology-led sectors.
The move is aligned with the company’s strategic pivot towards Engineering Intelligence (EI), a high-growth area expected to drive future expansion.
Strategic divestment
AMI Paradigm Solutions, a special purpose entity formed between ParadigmIT Technology Services Pvt Ltd and AM Intelligence Labs Pvt Ltd, has signed a binding agreement to acquire the SWC business.
The entity, promoted by the founders of the Greenko Group, focuses on advancing artificial intelligence for public systems and critical infrastructure services.
Focus on core growth areas
The divestment is expected to enable LTTS to reallocate capital towards Engineering Intelligence, while sharpening its focus under its five-year ‘Lakshya Plan’.
The plan outlines six major technology bets, including EI, aimed at accelerating growth across its core segments of Mobility, Technology and Sustainability.
Strengthening AI ecosystem
The SWC capabilities across India and other geographies are expected to complement AMI Paradigm’s long-term growth strategy by enhancing its offerings in AI-driven public infrastructure.
“As we pursue long-term value creation for our stakeholders, we are reframing our strategic bets, with EI, Software and Digital Manufacturing as key focus pillars in our select segments of Mobility, Sustainability and Tech. We believe these will drive faster growth opportunities for LTTS. AMI Paradigm, by integrating SWC’s public sector capabilities, will strengthen its AI offerings, while creating a robust platform for Smart World employees and delivering enhanced value to our existing clients,” L&T Technology Services Ltd, Chief Executive Officer and Managing Director, Amit Chadha, said.
Building AI-led infrastructure platforms
“Advances in clean energy, high-performance computing infrastructure, and accelerator chipsets are unlocking unprecedented AI compute power. The real transformation, however, lies in translating this foundation into domain-specific intelligence and real-world applications. The Smart World & Communication business represents this critical layer, operationalising AI for mission-critical systems across governments, cities, utilities, transport networks and enterprises, enabling more autonomous, data-driven infrastructure and decision-making,” AM Group, Chairman, Anil Chalamalasetty, said.
Creating domain-specific AI capabilities
“Over the past two years we have been investing in the operating layer for enterprises and public systems. With the coming together of ParadigmIT and the Smart World business, we would be building an AI-led platform focused on domain-specific models, sovereign AI architectures, and outcome-driven systems for governments and enterprises,” ParadigmIT Technology Services Pvt Ltd, Sridhar Gadhi, said.