Mumbai, India, December 15, 2015: L&T Technology Services, a global R&D and Engineering Services company, has been rated as an expansive and established leader in the overall category by Zinnov’s ‘Global R&D Service Providers Ratings’ (GSPR) survey 2015. The survey also rated L&T Technology Services in the Leadership Zone for eight industry verticals – Automotive, Aerospace, Telecommunication, Energy & Utilities, Industrial Automation, Transport, Construction & Heavy Machinery and Medical industries – besides technology horizontals for Mechanical Engineering Services and Embedded Systems.
“The key differentiators for L&T Technology Services has been their strong core engineering culture and their investments in lab infrastructure for both embedded and mechanical capabilities. This has helped them to build deep expertise in the verticals they operate in and come up with innovate solutions such as iBEMS, UBIQWeise and SmartWELD” said Sidhant Rastogi, Partner and Practice Head, Zinnov.
Dr Keshab Panda, Chief Executive, L&T Technology Services said, “Building on the deep engineering heritage of our parent company Larsen & Toubro, L&T Technology Services is perfectly in step with emerging business needs, while continuously innovating to drive profitable growth for customers. We have initiated several Proofs of Concepts (POCs), set up labs and centers of excellence in key business areas such as Internet of Things (IoT), Machine to Machine (M2M), Power Electronics and Engineering Analytics that explore usage scenarios of the future.”
Zinnov’s GSPR 2015 study is an extensive, annual study of the capabilities of R&D and Product Engineering Services providers, and is designed to assist global engineering leaders in making the right decisions in their selection of outsourcing partners from across the world. Parameters analyzed as a part of the study include human capital, product development capabilities, financials, ecosystem linkages and infrastructure, and innovation/IP creation. Assessment is based on scale, client spread, vertical presence as well as R&D practice maturity demonstrated through innovation, specialization and extensive eco-system linkages.
Larsen & Toubro is a major Indian multinational in technology, engineering, construction, manufacturing and financial services, with global operations. Its products and systems are marketed in over 30 countries worldwide. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.
About L&T Technology Services:
L&T Technology Services is a wholly owned subsidiary of Larsen & Toubro with focus in the engineering services space, partnering with many of the Fortune 500 companies globally. It offers design and development solutions throughout the entire product development chain across various industries such as Industrial Products, Medical Devices, Transportation, Telecom and Hi-tech and Process Industry. The company also offers solutions in the areas of Mechanical engineering Services, Embedded Systems Services, Product Lifecycle Management (PLM), Engineering Analytics and Power Electronics and M2M and the Internet of Things (IoT). Having a multi-disciplinary and multi-domain presence, we challenge ourselves every day to help clients achieve a sustainable competitive advantage through value-creating products, processes and services. Headquartered in India, with close to 9500 highly skilled staff, 6 delivery centers and operations in more than 30 locations around the world, we constantly find innovative ways of engagement tailored to our customers’ needs.
For additional information about L&T Technology Services, log on to www.LntTechservices.com
We at Zinnov assist our clients improve organization efficiency, innovation and revenue by leveraging global resources and markets. We offer deep expertise in Engineering, Digital and Globalization .Zinnov has been at the forefront of innovation and thought leadership. Our over a decade experience in globalization helps us in understanding customer problems and coming up with viable solutions. We assist our clients in addressing globalization challenges by offering customers insights, data, and implementation support to address their challenges. Our in-depth experience is driven by our focus on engineering and digital practice areas.
Zinnov serves clients in Software, Automotive, Telecom& Networking, Semiconductor, Consumer Electronics, Storage, Healthcare, Banking, Financial Services & Retail Verticals in US, Europe, Japan &India. Zinnov was founded in 2002 and is head quartered out of Bangalore. The company has locations in Houston, Silicon Valley, Bangalore & Gurgaon.
For additional information about Zinnov, log on to www.zinnov.com