The Smart World and Communication unit, which includes the smart & safe segment and communications segment, will transfer its contracts, intellectual property, and workforce to the acquiring company.
The transaction amount is ₹452 crore, subject to adjustments for working capital, net debt, and other specified conditions in the agreement. The expected closing date for the transaction is on or before September 30, 2026.
The Smart World and Communication unit reported revenue of ₹1,027.95 crore in FY 2024-25, accounting for 9.63% of L&T Technology Services’ consolidated revenue, and had a net worth of ₹445.89 crore, which is 7.31% of the company’s net worth.
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AMI Paradigm is a special-purpose entity established by ParadigmIT Technology Services Private Ltd and AM Intelligence Labs Private Ltd, both promoted by the founders of the Greenko Group.
The buyer is committed to advancing AI for public systems and critical infrastructure services. AM Green B.V., linked by common ultimate ownership to AM Intelligence, has signed a guarantee deed to ensure payment of the purchase consideration.
L&T Technology Services is shifting its focus toward Engineering Intelligence (EI) as part of its five-year Lakshya Plan, emphasizing investment in six key technology domains.
The sale of the Smart World and Communication unit will enable L&T Technology Services to allocate resources and capital toward high-growth EI initiatives, while also enhancing its Mobility, Technology, and Sustainability segments.
This transaction is not a related-party deal and is conducted entirely in cash. No regulatory approvals are needed, and the sale is outside the scope of the Scheme of Arrangement under the Companies Act, 2013.
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Amit Chadha, CEO and Managing Director of L&T Technology Services, stated, “As we aim for long-term value creation for our stakeholders, we are redefining our strategic priorities, with EI, Software, and Digital Manufacturing as key focus pillars in our selected segments including Mobility, Sustainability, and Tech.
We believe these will accelerate growth opportunities for LTTS. By incorporating SWC’s public sector capabilities, AMI Paradigm will enhance its AI offerings while providing a strong platform for Smart World employees and delivering added value to our existing clients.”
Anil Chalamalasetty, Chairman of AM Group, remarked, “Progress in clean energy, high-performance computing infrastructure, and accelerator chipsets is unlocking extraordinary AI computing power. The real breakthrough, however, lies in transforming this foundation into domain-specific intelligence and practical applications.
The Smart World & Communication business represents this crucial layer, operationalizing AI for mission-critical systems across governments, cities, utilities, transport networks, and enterprises, fostering more autonomous, data-driven infrastructure and decision-making.”
Shares of L&T Technology Services Ltd closed at ₹3,211.00, increasing by ₹58.05, or 1.84%, on the BSE.
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