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Engineering Intelligence: LTTS Targets 15% CAGR Under 'Lakshya 31' AI Pivot
L&T Tech Joins MIT Media Lab; Divests 'Smart World' Business to Double Down on Software-Defined Everything
L&T Technology Services (LTTS) officially unveiled its "Lakshya 31" strategic roadmap on Wednesday, April 22, 2026, marking a definitive shift toward becoming a global leader in "Engineering Intelligence" (EI). Under the new plan, the company is targeting a sustainable 13–15% Compound Annual Growth Rate (CAGR) through 2031, powered by deep-domain AI and a massive intellectual property (IP) portfolio.To fund this pivot, the company has executed a strategic divestment of its Smart World & Communication (SWC) business to AMI Paradigm (an entity backed by the founders of Greenko Group). This move allows LTTS to reallocate capital exclusively toward high-margin engineering segments, including Software Defined Vehicles (SDV), Electrification, and Medical Technology.
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