Sector: Technology Company: L&T Technology Services Ltd.

General Overview:
L&T Technology Services Limited operates as an engineering services provider. The Company
provides technology, engineering, construction, manufacturing and financial services. L&T
Technology Services also offers embedded system, engineering analytics services, enterprise
platform services, and mobility and augmented reality services. L&T Technology Services serves
customers worldwide.

Share holding pattern:

All of the 12.95% promoters’ shares are held Murthy family under Hindu undivided family
(23 individuals) all of which are Indians. Out of which Mrs. Sudha Gopalakrishnan holds
maximum shares (2.24%). Company has high institutional holdings to the tune of 55.7%. So
it can be said that company is not family driven.

Management of the company:

Ravi Kumar S.
President
Ravi is President at Infosys. In this role, he leads the Infosys Global Services Organization
across all global industry segments, driving digital transformation services, consulting
services, traditional technology services, engineering services, data and analytics, cloud and
infrastructure along with enterprise package applications service lines. In addition, he
oversees Infosys Business Process Management (BPM) and is Chairman of the Board of
Infosys BPM. He also oversees Infosys business in Latin America, Japan and China. He is the
Chairman of the Board of Infosys Public Services and oversees the Consulting Services
Subsidiary of Infosys. Ravi oversees Infosys’ acquisitions Kaleidoscope, Guidevision,
Simplus, WongDoody, Fluido and Brilliant Basics and Chairs the Board of the Hitachi-
Panasonic JV in Japan. Ravi also oversees the alliances organization and the global partner
ecosystem at Infosys. 

Salil Parekh
Chief Executive Officer and Managing Director

Salil Parekh, as Chief Executive Officer and Managing Director, sets and evolves the
strategic direction for the company and its portfolio of offerings, while nurturing a strong
leadership team to drive its execution. Salil has nearly three decades of global experience in
the IT services industry with a strong track record of driving digital transformation for
enterprises, executing business turnarounds and managing successful acquisitions. He is a
member of the National Council of the Confederation of Indian Industry (CII).

Pravin Rao

Chief Operating Officer and Whole-time Director

Pravin Rao is the Chief Operating Officer of Infosys and a Whole-time Director of the Board.
He was inducted on January 10, 2014 as a member of the Board. He is a member of the
Stakeholder Relationship Committee and the Corporate Social Responsibility Committee of
the Board. As the Chief Operating Officer, Mr. Rao has overall strategic and operational
responsibility for the entire portfolio of the Company’s offerings. Mr. Rao oversees the key
functions of global delivery and business enablement. He has over 35 years of industry
experience. Since joining Infosys in 1986, he has held a number of senior leadership roles
including Interim Chief Executive Officer and Managing Director, Head of Infrastructure
Management Services, Delivery Head for Europe, and Head of Retail, Consumer Packaged
Goods, Logistics and Life Sciences. 

Nilanjan Roy

Chief Financial Officer

Nilanjan Roy joined Infosys on 1 March 2019 as Chief Financial Officer. Prior to joining
Infosys, he was the Global Chief Financial Officer of Bharti Airtel and was responsible for
the finance function across India and Africa. He has held various leadership positions during
his 13 years in Bharti Airtel. He started his career with Unilever, where he spent 15 years in
their global operations across India, Europe, and the US.

As an established finance leader, Nilanjan has extensive and rich global experience, including
shareholder value creation, corporate governance, risk management, business partnering,
mergers and acquisitions, treasury and funding, investor relations, cost management, financial
operations, taxation, financial accounting, and reporting.

(SWOT) analysis of the company:

Strengths:
● Low Salary: The majority of Infosys 119 development centers are located in India,
which provides it with high-quality technical talent at a low cost.
● Large Array of IT Services:  For this reason, Infosys attracts different types of
businesses.
● Strategic Alliances: In the past Infosys has formed strategic alliances with Hewlett-
Packard, Microsoft, IBM, and Amazon on similar projects
● Good ROI: Infosys is relatively successful at the execution of new projects and it
generates good profits through its existing business.
● Good Training and Development Programs for its Employees: High-level
personal skills can be acquired through training and development programs.

Weaknesses:
● Dependency on Foreign Markets:  Nearly 80% of the Infosys revenue comes from
North America and Europe. Under such conditions, the company is vulnerable to
instability and uncertainty.
● Emerging markets: the recent growth in emerging markets has outpaced funding.
Infosys lacks the critical development information for most of the developing nations,
leaving them with only one way to grow.
● High Attrition Rate: Many employees leave Infosys for better-paying jobs, better
career options, and higher education opportunities for higher education.

Opportunities:
● Acquisition of New Startups: One way to expand technology would be to start to
invest in technology start-up companies. Infosys has identified potential and invested
heavily in technology companies at the early stage. For instance, in 2016, investments
were made in Trifacta, a data wrangling software company, and Waterline Data
Science.
● Digital Transformation: Spending on Digital Transformation Technologies is
growing. And the company has begun to focus on providing digital transformation
services, which can benefit in terms of increasing global investment.
● Cloud-Based Computing: Demand for cloud-based solutions is increasing, as cloud
computing has altered the fundamental nature of computing. Infosys, which has a
sizable presence in the cloud computing market, stands to benefit from the growing
demand.
● Concentrate on emerging markets: Infosys should concentrate its efforts on
emerging markets, which are expected to generate significant revenue for IT services
and consulting firms in the future. Infosys should not fall behind.
Threats:
● Intense Competition:  IT/business consulting services like Cap Gemini, Accenture,
Cap Gemini, and TCS go head-to-to-head with high-tech and consultancies like Infy
In addition to competing with software giants like Oracle and SAP, the company also
competes with software consultancy competitors. Intense competition results in price
pressures and increased investment in innovative technology to maintain a
competitive edge.
● Changes in US immigration laws: Because immigration laws are subject to political
pressure, they are susceptible to change in the event of a change in political power in
the United States
● Increasing salary inflation in India: Lower wage cost is a major competitive
advantage for companies such as Infosys, but wage increases are also pressurized in
India. It has an adverse effect on the company’s operating margins.
● Liability Laws: The liability laws in different countries are different, and Infosys
may be exposed to various liability claims.
● Volatile World Markets: Because of the volatile world financial markets, Infosys is
exposed to volatile international macro-economic indicators.

Competitive analysis:

Name Market Cap. Revenue ROE Sales growth

(Rs. cr.)
(Rs. Cr.) (3 Yrs)
TCS 845,337 152,497  35.98 % 10.47 %
Infosys 282,028  87,371  23.50 % 9.81 %
HCL Tech 153,370  65,643  25.76 % 24.74 %

Tata Consultancy services:

TCS is currently the largest IT service provider in India. ( by market cap and revenue
generation)The company is engaged in providing a wide array of IT services to clients across
the globe and across multiple verticals such as the US, Europe, Asia and the rest of the world.
The company is actively implementing new technologies and ideas in the sector, recently, the
company also focuses on AI and Machine learning which involves the handling of enormous
amounts of data which is a big need in today’s Data and Information abundant world. Apart
from this company has delivered a strong financial performance with 5-year average ROE
20.67% while managing to deliver Operating profit margin of 24%. It has delivered a 21%
CAGR growth in the top line and a 4.2% CAGR growth in the bottom line the last 5 years.
The company currently has a P/E ratio of 38.35. With the best financial fundamentals in the
sector TCS is currently the leader in Indian IT industry.

HCL technologies:
HCL Technologies Ltd is third largest company in Indian IT services sector which helps
global enterprises re-imagine and transform their businesses through Digital technology
transformation. The company is primarily engaged in providing a range of software services
business process outsourcing and infrastructure services. this company has delivered a strong
financial performance with 5-year average ROE 22% while managing to deliver Operating
profit margin of 21.4%. It has delivered a 21% CAGR growth in the top line and a 4.2%
CAGR growth in the bottom line the last 5 years. The company currently has a P/E ratio of
21.7. Apart from this the company has best in the sector sales growth rate which gives a
positive outlook towards the company.

Conclusion and Road ahead:

According to Gartner’s estimate India’s IT sector is projected to reach US 100 billion $ by
2025.Apart from that in Union budget 2021 the allocation for IT and telecom sector stood at
Rs. 53,108 crores. Ministry of home affairs and the National critical information
infrastructure protection centre are working on new national strategy to strengthen country’s
cybersecurity. Which going to help a lot to IT sector. Infosys can capitalise of its already
existing cloud based computing services which stands to benefit from growing demand. So to
sum it up Infosys has a positive outlook for growth and expansion