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L&T eyes S. African and Gulf markets

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CIOL Bureau
New Update

Nanda Kasabe & Rashida Bakait

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MUMBAI: With a brand new corporate identity, Larsen & Toubro Infotech Ltd (L

& T Infotech) is all set to tap the Middle East and South African markets.

The company recently introduced itself as end to end ERP provider in the US,

Europe and Japanese markets.

According to L&T Infotech’s chief executive V K Magapu, the Gulf and

South African markets are far more lucrative than Australia and the firm now

plans to tap this potential with the hope of increasing its revenue share from

this region.

"Though the company is well-positioned and has a good track record in

offshore development and maintenance, this has not helped the business growth in

the European market. After foraying into Japan, we will now focus on the Middle

East and South African markets," Magapu said.

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The company already has some interesting projects in hand including setting

up of a large cement company in Oman. This apart, L & T Infotech has

initiated a collaborative program with the Society for Development (SID) of the

Indian Institute of Science, Bangalore. The collaboration will enable carrying

out of joint research and developmental projects to build competence and achieve

excellence in selected areas of technology for providing services to customers.

L & T Infotech's communications and embedded group will initially focus

on technologies such as 3G, xDSL, IP Routing and short range wireless

communication.

Regarding acquisitions, Magapu did not rule out such a move as means to

achieve growth. "We will be looking for either a joint venture or a

partnership. With larger companies, a third company could be formed," he

said. He, however, declined to divulge further details on the matter and merely

said it would in areas of common interest.

L & T Infotech provides software consulting and software services and

solution. Its offerings are focussed on enabling enterprises with integrated and

online solutions.

In the fourth year of operations, the firm has achieved a turnover of Rs 251

crore as against Rs 166 crore over the previous year. Magapu expected the ME and

South African markets to fetch revenues of Rs 30 crore.

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