L&T Technology Services declares its major expansion plans
L&T Technology Services, a wholly-owned subsidiary of engineering company Larsen & Toubro, has leased 4 lakh square feet of office space in Bangalore to expand and consolidate its business. L&T Tech is getting future ready and a commercial deal of this magnitude suggests a major build-up of operations.
The experts are estimating that the space can accommodate about 4,000 people.L&T Technology Services spokesperson stated that L&T Technology Services has signed an agreement to lease out space in Manyata Embassy Business Park in Bangalore. This tech park houses many other giants like IBM, ANZ, Nokia Siemens Network India and Cognizant Technologies and L & T wants to create a footprint in the technology division too.
This is to consolidate within the location and have all employees in one building. Future expansion plans are also collaborated in this consolidation. The firm also has expansion plans for other existing locations, including Mumbai and Chennai.
L&T Technology Services currently works out of three offices in Manyata Embassy Business Park, which is spread over 110 acre in north Bangalore. The park has a potential built-up area of 18 million square feet. L&T Technology Services spokesperson also stated that they are looking to hire around 5,000 engineers over the next two years to maintain their growth.
The firm currently employs about 2,900 people in Bangalore and has staff strength of 9,500 in India and overseas.
Source- The Economic Times
ANZ, Cognizant Technologies, IBM, L&T Technology Services, Larsen & Toubro, Manyata Embassy Business Park, Nokia Siemens Network India
