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LTITL has big plans

Larsen and Toubro Information Technology Ltd is aiming to almost double its growth during 1998-99, pushing turnover to Rs 1.62 billion from the Rs 870 million in 1997-98.

LTITL is also investing about Rs 370 million to expand its four development centres, in Madras, Bombay, New Bombay and Pune.

Company sources said 94 per cent of its revenues comes from software

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exports and the rest from development work done for L&T. The company, which began in 1987 as an inhouse division of L&T, branched off on its own last year.

The company has experience in legacy systems maintenance and reengineering, client-server, Y2K, ERP and CAD/CAM solutions.

It has a staff strength of 1,000 employees now, a figure it plans to double by the end of the century.

-Compiled from the Indian media

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