L&T Technology Services Limited, a global leader in digital engineering and R&D services, has been recognized as a Top 15 Sourcing Standout by Information Services Group (ISG), a technology research and advisory firm. This acknowledgment underscores LTTS’ exceptional performance in the Breakthrough 15 category globally, based on its annual contract value (ACV) over the past year, as revealed in the 1Q 2024 Global ISG Index™. Moreover, LTTS has also been lauded for its achievements in the Americas and Asia Pacific regions.
The ISG Index™, now in its 86th consecutive quarter, serves as a reliable source of marketplace intelligence on the global technology and business services industry. It identifies and honors the top 15 commercial providers across different categories, including Big 15, Building 15, Breakthrough 15, and Booming 15, in regions such as the Americas, EMEA, and Asia Pacific.
Alind Saxena, President-Sales and Executive Director of L&T Technology Services Limited, expressed gratitude for the recognition, citing the company’s unwavering commitment to excellence, innovation, and digitalization. He attributed this achievement to LTTS’ relentless pursuit of quality, customer satisfaction, and technological advancement.
LTTS has witnessed substantial growth across various verticals and geographies, driven by its strong engineering heritage and multi-vertical expertise. Key drivers behind this growth include investments in reusable tech assets and solutions, coupled with a dedicated focus on research and development (R&D) and digitalization initiatives. The company’s strategic endeavors, including the 6 Big Bets and a ‘Go Deeper to Scale’ approach, have further bolstered its competitive differentiation and positioned it for sustained growth in the global engineering, research, and development services market.
Paul Reynolds, Chief Research Officer of ISG, commended LTTS’ emergence as a leading player in the digital engineering and technology services domain. He praised LTTS’ volume of business in relation to other industry providers, highlighting its significant contributions to the marketplace.
LTTS’ inclusion in the ISG Index™ reflects the company’s ongoing commitment to transparency and accountability in the marketplace. By submitting data to ISG each quarter, LTTS ensures that its performance metrics are accurately captured and recognized on a global scale.
In conclusion, LTTS’ recognition as a Top 15 Sourcing Standout by ISG underscores its continued growth trajectory and reaffirms its position as a key player in the global technology and business services industry. With a steadfast commitment to excellence and innovation, LTTS remains dedicated to driving digital transformation and delivering value to its customers worldwide.
