Larsen & Toubro Infotech, a subsidiary of Larsen & Toubro is a global IT solutions & services company based in Mumbai, India.
L&T Infotech is ranked number 6 in India IT companies in 2013–2014. The company has 39 registered offices in 23 countries. It employs standards of the Software Engineering Institute’s (SEI) Capability Maturity Model (CMM) and is a certified Level 5 organisation. Sanjay Jalona is the new MD & CEO of L&T Infotech
Originally founded as L&T Information Technology Ltd (Read as L&T-IT), a completely owned subsidiary of Larsen & Toubro Ltd (L&T). The company changed its name to L&T Infotech on 1 July 2001. In December 2006, L&T Infotech acquired GDA Technologies (a privately held electronic design firm based in California, USA) and all of its design centres in India and USA. Sanjay Jalona is the CEO & Managing Director at L&T Infotech.
L&T Infotech provides software solutions to over 258 global clients, of which 49 feature in the Global Fortune 500 list. It earns two-thirds of revenue from North America and 17.4% from Europe. India contributes nearly 6% to its revenue. Its headcount increased to 20,072 in FY16 from 17,627 in FY14.
CEO: Sanjay Jalona
Revenue: 887 million USD (2016)
Parent organization: Larsen & Toubro
The Promoter of the Company is Larsen & Toubro Limited. L&T currently holds 161,250,000 Equity Shares, equivalent to 94.96% of the pre-Offer issued, subscribed and paid-up Equity Share capital of L&T Infotech.
Objects of the Issue:
The objects of the offer are to:
1. achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
2. carry out the sale of up to 17,500,000 Equity Shares by the Selling Shareholder.
»» Issue Open: Jul 11, 2016 – Jul 13, 2016
»» Issue Type: Book Built Issue IPO
»» Issue Size: 17,500,000 Equity Shares of Rs 1 aggregating up to Rs 1,400.00 Cr
› Fresh Issue of 0 Equity Shares of Rs 1 aggregating up to Rs [.] Cr
› Offer for Sale of 17,500,000 Equity Shares of Rs 1 aggregating up to Rs [.] Cr
»» Face Value: Rs 1 Per Equity Share
»» Issue Price: Rs. 705 – Rs. 710 Per Equity Share
»» Market Lot: 20 Shares
»» Minimum Order Quantity: 20 Shares
»» Listing At: BSE, NSE
Rs 10 Discount to Retail Individual Bidders
L&T Infotech Ltd offers discount of Rs 10 to all eligible Retail Individual Bidders.