L&T Info eyes firms in India, abroad

L&T Infotech, the technology arm of the engineering giant Larsen and Toubro (L&T) is scouting for acquisitions in the country and abroad to scale up its business operations. The company was earlier in the race to acquire the fraud-hit Satyam Computer Services (now Mahindra Satyam) and was also reportedly in talks with the country’s sixth-largest IT firm Patni Computer for an acquisition.

Sudip Banerjee, CEO, L&T Infotech told FE that the company is considering several Indian firms at the moment and could even go for a company which is bigger in size than its own. “The fact that we wanted to acquire Satyam proves our apetitie for big-ticket acquisitions,” he said adding that scale and capabilities in new business models will be the two main drivers for the company’s inorganic growth path. According to the IT industry body rankings, the company is at the 11th position currently and has been wanting to climb up the pecking order for some time now.