L&T Technology Services to Divest Smart World Business Portfolio to AMI Paradigm Solutions

L&T Technology Services to Sell SWC Business to AMI Paradigm Solutions

L&T Technology Services Ltd has signed a binding agreement to sell its Smart World and Communication (SWC) business to AMI Paradigm Solutions Pvt Ltd, a newly formed entity backed by AMI Group and ParadigmIT Services Technology Pvt Ltd. The acquisition is expected to close by July 2026, subject to customary approvals.

AMI Paradigm Solutions, a joint venture between AMI Intelligence Labs Pvt Ltd (promoted by the founders of the Greenko Group) and ParadigmIT, aims to leverage the SWC portfolio to deploy AI-led solutions for governments, cities, utilities, and transport networks. The acquisition aligns with AMI Paradigm's strategy to build a fully integrated AI platform, from carbon-free power and data centers to chips, software, applications, and flexible consumption models.

Financial details of the transaction were not disclosed. The deal comes as AMI Group advances plans to invest $25 billion to build a 1 GW high-performance computing hub in Uttar Pradesh, underscoring its push into AI infrastructure.

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The SWC business, spanning smart infrastructure and public systems across India and overseas, is expected to strengthen AMI Paradigm's capabilities in deploying AI solutions. Anil Chalamalasetty, chairman, AMI Group, said the acquisition will support the operationalization of AI for mission-critical systems across governments, cities, utilities, transport networks, and enterprises.

L&T Technology Services CEO and managing director Amit Chadha stated that the divestment is part of a sharpening of its focus on software and digital manufacturing in mobility, sustainability, and technology segments. The global market size of AI in government services is estimated at $25 billion, projected to reach $100 billion by the early 2030s, growing at approximately 20% annually.