April 22, 2026 12:01 am (IST)
Follow us:
L&T Infotech acquires Pune-based ISRC
Mumbai/Pune, Oct 28 (IBNS): With an aim to enhance focus on core business, L&T Infotech, a global provider of information technology services and solutions, and a wholly-owned subsidiary of the USD 14.3 billion Larsen & Toubro (L&T), has completed the acquisition of Information Systems Resource Centre Pvt. Ltd. (ISRC).
ISRC was a subsidiary of Otis Elevator Co., which is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp.
On this occasion V.K. Magapu, Managing Director, L&T Infotech said, “As a major IT supplier, L&T Infotech plans to leverage the technology capability and experience of ISRC in order to enhance its value-add to UTC.”
Omar Fathi, Vice President, Information Technology, UTC Building & Industrial Systems said, “This allows UTC Building & Industrial Systems’ IT organization to focus on supporting the company’s core businesses while allowing ISRC and its employees to grow and serve its customers under the new ownership.”
L&T Infotech has two key vendor facilities in Mumbai serving UTC Building & Industrial Systems, as well as a team of professionals serving various divisions of UTC.
L&T Infotech is comprised of 20,000 IT professional across the globe. This acquisition will bring a number of learning and career growth opportunities for the ISRC employees including opportunities for technical skill enhancement and exposure to new technologies.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Big milestone alert: UltraTech Cement crosses 200 MTPA capacity
Tue, Apr 21 2026
Amazon’s $25 billion AI gamechanger: Inside the massive $100 billion Anthropic deal
Tue, Apr 21 2026
How Payouts APIs Power Seamless Global Payments for Modern Platforms
Tue, Apr 21 2026
Oil jumps over 5% as Strait of Hormuz closure fuels supply fears
Mon, Apr 20 2026
Markets remain volatile amid West Asia tensions, rising crude
Mon, Apr 20 2026
From minerals to microchips: Odisha’s big leap into future tech
Sun, Apr 19 2026
Game changer: India’s first Advanced 3D Glass Semiconductor Packaging Unit to be unveiled in Odisha
Sat, Apr 18 2026
Meta eyes first wave of layoffs on May 20: Report
Sat, Apr 18 2026