L&T Tech Services goes after new streams of revenue amid Covid-19 crisis

As Covid-19 hits the global economy hard, the company refrained from giving any growth guidance for the ongoing fiscal

Engineering services firm, L&T Technology Services (LTTS) has altered many of its business models in line with the changing needs of clients in the wake of the Covid-19 crisis. The L&T group company has set up 5 internal teams, which are working in these new areas and have started submitting new proposals to clients as the company chases new revenue streams.

"We have reworked on multiple areas as we understand that the same model is not going to work during this (COVID) period. In the last 4-6 weeks, I had held discussions with top management of 80 of our clients.