Away from riskier EPC, L&T gives IT services another shot with Mindtree

A decade back, L&T Infotech (LTI) fought and lost a battle to acquire software services company Satyam. Having failed to achieve significant growth for LTI, parent Larsen & Toubro is giving its IT services ambition a second try with Mindtree.

In this process, L&T will create multiple firsts for itself — initiating a hostile takeover being one of them. 

A senior analyst tracking the conglomerate points out services is what L&T believes will get them the high return on equity. SN Subrahmanyan, chief executive officer (CEO) and managing director (MD) of L&T, also pointed out, “In hindsight one can say