The Smart World and Communication unit, comprising the smart & safe segment and communications segment, will transfer its contracts, intellectual property, and employees to the buyer.
The sale consideration is ₹452 crore, subject to adjustments for working capital, net debt, and other conditions specified in the agreement. The transaction is expected to close on or before September 30, 2026.
The Smart World and Communication unit generated revenue of ₹1,027.95 crore in FY 2024-25, representing 9.63% of L&T Technology Services’ consolidated revenue, and had a net worth of ₹445.89 crore, or 7.31% of the company’s net worth.
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AMI Paradigm is a special-purpose entity formed by ParadigmIT Technology Services Private Ltd and AM Intelligence Labs Private Ltd, promoted by the founders of the Greenko Group.
The buyer focuses on advancing AI for public systems and critical infrastructure services. AM Green B.V., an entity with common ultimate ownership with AM Intelligence, has executed a guarantee deed to secure payment of the purchase consideration.
L&T Technology Services is pivoting towards Engineering Intelligence (EI) under its five-year Lakshya Plan, concentrating investments on six major technology areas.
The divestment of the Smart World and Communication unit will allow L&T Technology Services to allocate capital and resources toward high-growth EI initiatives, while continuing to expand its Mobility, Technology, and Sustainability segments.
The transaction is not a related-party deal and is conducted entirely in cash. Regulatory approvals are not required, and the sale falls outside the Scheme of Arrangement of the Companies Act, 2013.
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Amit Chadha, CEO and Managing Director, L&T Technology Services, said, “As we pursue long-term value creation for our stakeholders, we are reframing our strategic bets, with EI, Software and Digital Manufacturing as key focus pillars in our select segments of Mobility, Sustainability and Tech.
We believe these will drive faster growth opportunities for LTTS. AMI Paradigm, by integrating SWC’s public sector capabilities, will strengthen its AI offerings, while creating a robust platform for Smart World employees and delivering enhanced value to our existing clients.”
Anil Chalamalasetty, Chairman, AM Group, said, “Advances in clean energy, high-performance computing infrastructure, and accelerator chipsets are unlocking unprecedented AI compute power. The real transformation, however, lies in translating this foundation into domain-specific intelligence and real-world applications.
The Smart World & Communication business represents this critical layer, operationalising AI for mission-critical systems across governments, cities, utilities, transport networks, and enterprises, enabling more autonomous, data-driven infrastructure and decision-making.”
Shares of L&T Technology Services Ltd ended at ₹3,211.00, up by ₹58.05, or 1.84%, on the BSE.
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