L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leader in digital engineering and R&D services, has been recognized as a Leader in the 2024 PEAK Matrix® Assessment for Connected Product Engineering Services by Everest Group. This achievement highlights LTTS’ commitment to innovation and excellence in embedded engineering across sectors such as Mobility, Technology, and Sustainability.
Everest Group’s PEAK Matrix® Assessment evaluates engineering service providers based on their digital engineering capabilities, client feedback, and transformative solution delivery. LTTS’ recognition emphasizes its advanced expertise and significant impact in the connected product engineering space.
“L&T Technology Services stands out in the connected product engineering value chain, particularly in embedded engineering. With investments in IPs, labs, Centers of Excellence, and collaborations with hyperscalers and tech vendors, LTTS excels in areas like medical technology and connected home solutions, driven by AI, IoT, and edge computing,” said NishantUdupa, Practice Director at Everest Group. “Clients commend LTTS for its domain expertise, skilled talent pool, strong project management, and adaptability, which contributed to its leadership position in this assessment,” he added.
With strengths in IoT, digital twin technology, and advanced embedded systems, LTTS continuously evolves its offerings to stay ahead of industry trends, helping clients achieve greater efficiency, faster time-to-market, and leverage cutting-edge technologies for competitive advantage. This recognition by Everest Group reinforces LTTS’ focus on delivering impactful and forward-looking engineering solutions.
“Our leadership position in the PEAK Matrix® Assessment is a testament to our market strength,” said Abhishek Sinha, Executive Director & President, Medical, Smart World & Functions, L&T Technology Services Limited. “At LTTS, we are dedicated to driving technological advancements and providing high-impact engineering services that deliver substantial value to our clients. We will continue to set new benchmarks in sectors such as Mobility, Sustainability, and Technology.”
Everest Group is a leading research firm, guiding business leaders through market challenges with contextualized problem-solving. The firm’s expertise in technology, business processes, and engineering offers precise and actionable insights, driving improved operational and financial outcomes.
L&T Technology Services Limited (LTTS), a subsidiary of Larsen & Toubro Limited, specializes in Engineering and R&D (ER&D) services. LTTS provides end-to-end consultancy, design, development, and testing services across the product and process lifecycle. The company serves 69 Fortune 500 clients and 57 of the top global ER&D firms across industries, including medical devices, industrial products, transportation, and telecom. Headquartered in India, LTTS has over 23,550 employees, 22 global design centers, 30 sales offices, and 108 innovation labs as of June 30, 2024.
