L&T Technology Services to Sell Smart World and Communication Business Unit to AMI Paradigm Solutions

L&T Technology Services to Sell Smart World and Communication Business Unit to AMI Paradigm Solutions​

L&T Technology Services Ltd (LTTS) announced on March 25, 2026, that it has entered into a Business Transfer Agreement (BTA) to sell and transfer its Smart World and Communication Business Unit (SWC Unit) to AMI Paradigm Solutions Private Limited. The transaction will be executed on a slump sale basis.

The Buyer, AMI Paradigm Solutions Private Limited, is a special purpose entity established by ParadigmIT Technology Services Private Limited and will become a joint venture between ParadigmIT and AM Intelligence Labs Private Limited, promoted by the founders of the Greenko Group. AM Green B.V., an entity with common ultimate beneficiary ownership with AM Intelligence Labs Private Limited, has also entered into a guarantee deed with LTTS to secure payment of the purchase consideration.

LTTS is doubling down its focus across manufacturing, industrial and technology-led Enterprise sectors and pivoting on Engineering Intelligence (EI) as part of its next 5-year roadmap. The SWC Unit's revenue for the fiscal year 2024-25 was Rs. 1,027.95 crore, constituting 9.63% of LTTS's consolidated revenue as on March 31, 2025. The unit’s net worth for the same period was Rs. 445.89 crore, which represented 7.31% of LTTS's net worth.

The consideration for the sale is Rs. 452 crore, subject to adjustments based on working capital, net debt, and other factors outlined in the BTA. The closing of the transaction is expected to be completed on or before September 30, 2026.

The transaction is not a related party transaction and does not fall under Regulation 37A of the Listing Regulations.



Financial Summary (as of March 31, 2025)

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