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LTTS - Industry 4.0

Vendor Analysis

by Dominique Raviart

published on Dec 08, 2023

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Report Overview:

This NelsonHall vendor assessment analyzes LTTS' offerings and capabilities in Industry 4.0

Who is this Report for:

NelsonHall's Industry 4.0 services profile on LTTS is a comprehensive assessment of LTTS' offerings and capabilities, designed for:

  • Sourcing managers monitor the capabilities of existing suppliers of digital, industrial IoT, and industrial IT services
  • Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
  • Financial analysts and investors specializing in the IT services sector and examining growth areas within IT services.

Scope of this Report:

The report provides a comprehensive and objective analysis of LTTS’s digital manufacturing service offerings and capabilities and market and financial strengths, including:

  • Identification of the company’s strategy, emphasis, and new developments
  • Analysis of the company’s strengths, weaknesses, and outlook
  • Revenue estimates
  • Analysis of the profile of the company’s customer base, including the company’s targeting strategy and examples of current contracts
  • Analysis of the company’s offerings and key service components
  • Analysis of the company’s delivery organization, including the delivery locations.

Key Findings & Highlights:

This NelsonHall vendor assessment analyzes LTTS’ offerings and capabilities in Industry 4.0.

Headquartered in Vadodara, India, LTTS reported revenues of $990k for FY23 and projects approximately $1.3bn for FY24, with a workforce of 23.9k as of September 2023. The company predominantly serves the manufacturing sector, with transportation (31%) and telecom/high-tech (25%) being major revenue contributors.

LTTS has evolved beyond product engineering to include manufacturing OT and IT services. It has about 2k engineers engaged in shopfloor automation contracts, offering a comprehensive service portfolio from product engineering to digital manufacturing and after-market services.

LTTS has developed its service portfolio around digital, namely smart manufacturing, smart products, and smart operations. Smart manufacturing/digital manufacturing is relevant to this profile of LTTS' digital Industry 4.0 capabilities. It includes a 3D factory, i.e., a digital twin focusing on process modeling PLM services, inventory optimization, and computer vision.

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