L&T Technology Services (LTTS) ? the engineering services company and the engineering, research and development subsidiary of Larsen & Toubro ? has launched a new campus in Mysuru, to work on design and development of embedded solutions, digital products and software engineering.
The Company hopes to hire more than 1,000 engineers in Mysuru over the next two years as part of its expansion plans in the city.
The new delivery and design centre will help meet the rising demand for engineering services.
With eight floors, this Module X Campus will be able to accommodate more than 1,300 engineers who will serve clients across various industries, globally.
It is hoped that new talent with skills in the areas of embedded, digital products and solutions, hi-tech, medical, automotive, telecom, design automation, plant engineering, validation and verification and so on will be drawn towards the Mysuru centre.
The Mysuru campus of LTTS presently has 4,000 engineers and is spread over an area of about 35-acres. The campus, which grows its own medicinal plants, follows sustainable business practices, including rainwater harvesting, STP water recapture, and organic farming programmes.
The Company’s net profit rose 22.8 per cent year on year (YoY) to Rs 282.4 crore. It has outperformed its targets for financial year 2023. The Company managed to achieve $1 billion annualised revenue run-rate in Q2 on constant currency basis.