L&T Infotech, a subsidiary of Larsen and Toubro Limited (L&T), today said it intends to expand its presence in the US and Europe and is in the process of augmenting its teams in high potential markets.
"While we intend to continue expanding our presence in the United States and Europe, we also plan to expand our geographical reach in other markets that we have identified as having potential, including Australia, Singapore, Japan, South Africa, India and the Middle East. "We are in the process of augmenting our teams in these markets to further explore the opportunities therein," L&T Infotech MD and CEO Sanjay Jalona said in a statement here.
In 2014-15, North America and Europe accounted for 68.6 per cent and 17.9 per cent, respectively, of its total revenues.
"We have identified Germany and France as important markets for us going forward and we would like to enhance our capabilities and address gaps in language capability, industry expertise, technical expertise and geographic coverage in these countries. As such, we are also currently contemplating pursuing strategic acquisitions in these markets," added Jalona.
The company has added several executives to its America and Europe team as part of its intent to market and distribute solutions directly through a global delivery model. As of June 30, 2015, it had 22 delivery centres and 42 sales offices globally.
L&T Infotech's new hires include Aftab Ullah (Chief Operating Officer), Harsh Naidu (Chief Business Officer for BFS - Americas), Anil Vazirani (Chief Business Officer for Insurance - Americas), Makarand Deolalkar (Chief Business Officer - Europe), Siddharth Bohra (Chief Business Officer - Tech, Media, CRP and Digital - Americas) and Rohit Kedia (Chief Business Officer, Manufacturing and ERP - Americas).
"Our clients comprise some of the world's largest and well-known organisations, including 41 of the Fortune Global 500 companies. The new team reflects broad-based capabilities and services strategies to help enterprises successfully navigate the disruption in global services, rapid evolution in technology and sourcing models," Jalona said. The company is also looking for strategic acquisition opportunities in the Integrated Management Systems (IMS) business. "We are specifically looking to acquire a complementary business, technology, service or product that can provide us with access to new markets, capabilities or assets," Jalona said.
