LTTS finalises ₹452 crore deals to offload SWC business
LTTS signs ₹452 crore deals to divest its SWC business. The prime aim is to streamline operations and sharpen focus on prime engineering services growth.
L&T Technology Services has finalised deals worth ₹452 crore to divest its SWC business, marking a strategic move to streamline operations and focus on core engineering and digital services growth areas.
L&T Technology Services (LTTS) declared that it has moved into the business transfer agreement to separate from its Smart World and Communication business to AMI Paradigm Solutions on slump sale base.
AMI Paradigm, a special principle entity formed by ParadigmIT Technology Services and AM Intelligence Labs, endorsed by the founders of the Greenko Group. The prime entity focuses on advancing AI for public systems and serious infrastructure services.
LTTS SWC Unit includes the safe and smart segment and communications segment. It comprises the linked contracts, applicable intellectual property, and employees. The revenue of the expected unit for FY 2024-25 was Rs 1,027.95 crore. It adds on about 9.63% of the company’s consolidated revenue as stated on March 31, 2025.
The company shared that the divestment will assist to transfer capital towards Engineering Intelligence (EI), a prime high-growth prime area. Under its 5-year planned Lakshya Plan, LTTS is sharpening its focal point with 6 large technology bets. It add on the EI, which will additional accelerate development in its three segments – Tech, Mobility, and Sustainability - while consolidating its standing as a worldwide engineering intelligence partner.
Rs 452 crore is expected to follow up the complete consideration. It is just subject to the customary adjustments linked to the working capital, net debt, and additional terms outlined in the agreement. The transaction is demanded to be finished on or before 30 September 2026. It is also subjected to the fulfilment of customary closing terms.
Amit Chadha, CEO and managing director said, ‘as we focused on the long term value creation for our stakeholders, we are reframing our strategic bets, with EI, Software and Digital Manufacturing as key focus pillars in our select segments of Mobility, Sustainability and Tech. We believe these will drive faster growth opportunities for LTTS.’
