L&T Technology Services had a strict growth directive, aiming to go from $60 million in business to $500 million. That goal came and went, and now the engineering and technology company—which helps clients, including a number of the Fortune 500, design, build and improve their products—is pulling in $1.5 billion.
The next step for the LTTS’ growth is expanding footprint: The company has opened a new U.S. hub in Plano, Texas, one of a series across the country focusing on next-generation engineering, digital manufacturing and electrification solutions. CEO and managing director Amit Chadha shares the journey of his company, co-headquartered in the Netherlands and India, and how its U.S. facilities are advancing manufacturing.
Tell us about LTTS and its growth over the years.
LTTS started with a bold mandate: to grow from a ~$60 million business into a half-billion-dollar powerhouse in a little over five years. We hit that target in 2015, and since then, we’ve never looked back. Today, we are a $1.5 billion company in annualized revenue run rate with a global footprint, serving 69 Fortune 500 clients across industries—from automotive and aerospace to medtech and semiconductors.
Our growth has been driven by a simple philosophy: go deeper to scale. Last year, we reorganized into three core segments—mobility, sustainability and tech—each with its own operating rhythm and innovation charter. That structure allows us to deliver domain-specific solutions while leveraging shared strengths in AI, embedded systems and digital manufacturing.
You recently opened an innovation hub in Plano, Texas. What’s going on there?
Plano is a strategic investment for us and an integral pillar of our strategic roadmap to establish a network of regional hubs across North America.
Plano is known for its dynamic ecosystem, and this center is designed to be a hub for innovation in AI, software defined vehicles, cybersecurity and smart manufacturing. It’s ITAR-compliant, which means we can support defense-related projects, and it houses a security operations center to enable smart city technologies.
We are starting with 100 engineers, but the plan is to scale to more than 350 high-skilled jobs. The facility is already showcasing next-gen solutions—real-time railway inspection tools, AI-powered imaging for medtech and our iDriVe platform for autonomous mobility. This is where we co-create with clients, solve complex problems and build the future of engineering.
The Plano expansion is the latest in U.S. as we have a broader landscape of hubs, some of which are also focused on digital manufacturing and electrification solutions. Our hubs are located in Peoria, Illinois; Rockford, Illinois; Edison, New Jersey; Dublin, Ohio; as well as one in Santa Clara, California that caters to the clients in the Silicon Valley.
How is the new innovation hub in Plano impacting the local community?
We believe in building where we serve. Plano is now a critical pillar in our global delivery model, and we’re working closely with local partners, universities and civic leaders to create meaningful opportunities. Though jobs are always important, it’s also about capability-building in engineering.
The center is helping shape the region’s identity as a tech and innovation hub. We’re bringing in high-value roles, investing in local talent and contributing to the broader ecosystem. When U.S. Senator Ted Cruz and Plano Mayor John Muns say that we are helping define the future of North Texas, we don’t take that as just a compliment; it’s a responsibility we take seriously.
What’s next for LTTS?
We are focused on scaling with purpose. Our goal is to reach $2 billion in revenue in the medium term, and we’re doing that by doubling down on high-margin segments like sustainability. We are seeing strong demand for AI-led engineering, digital twins and green innovation. More than half of our large deals now come from sustainability, and we’re leading the charge in applying technology to reduce environmental impact. Our tech segment is also poised for growth especially in semicon and medtech.
Another area of focus for us is our growing technology and innovation charter. We have filed more than 216 patents in AI and generative AI alone, while our overall patent count has exceeded 1,600 mark this quarter. We also launched an AI-first delivery model for our clients and scaled our AI portfolio with new platforms to drive contextual intelligence and real-world machine applications for our customers in this region.
We are also investing in local talent in the U.S., expanding our global design centers with new engineers, and deepening our partnerships with hyperscalers and OEMs. The future of LTTS is about being the strategic partner across the customer’s lifecycle, from ideation to transformation.
