• Shining in Saudi, Surging in Shanghai

    Shining in Saudi, Surging in Shanghai
    LTIMindtree takes a big leap in two flourishing markets
     
    LTIMindtree (LTIM) took two significant steps in its strategic expansion – one in Saudi Arabia and the other in China.
     
    In Saudi Arabia, LTIM has opened a regional headquarter in Riyadh’s iconic business district and lifestyle destination, King Fahd Road. The office was inaugurated on 11 June in the presence of India’s Ambassador to Saudi Arabia Dr Suhel Ajaz Khan, CEO – Aramco Digital Tareq Amin and LTIM CEO & MD Debashis Chatterjee.
     
    This new office will enable LTIM to support, manage, and direct its strategic business initiatives in the region. Importantly, it aligns with the Saudi Vision 2030.
     
    Then, on 10 July, LTIM’s new delivery centre in Shanghai, China was inaugurated by LTIM leaders Nachiket Deshpande (Whole-Time Director & COO), Rajeev Jain (EVP & Global Head – Operations) and Adi Sundaram (AVP & Delivery Head – East Asia). The event was graced by key client executives and partners.
     
    Located in Shanghai’s business district Lujiazui, the new facility marks LTIM’s first full-fledged delivery centre in mainland China, a hub for its clients in East Asia, including Greater China, Japan and Korea.
     
    The facility boasts top-tier infrastructure, including cutting-edge network capabilities, robust security and sustainable building practices, offering a secure, reliable and eco-friendly office space. It will support LTIM’s service delivery capabilities, including digital transformation, IT consulting, data, cloud, software, enterprise apps, and more.
     
    The new centres expand LTIM’s global footprint and demonstrate the company’s commitment to serving clients in every corner of the world.

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  • New Horizons

    New Horizons
    BRANCHING FOR BOOM
     
    The rural and semi-urban residents of Madurai in Tamil Nadu now have the opportunity to avail of micro loans against property. This is because L&T Finance (LTF) has set up its first retail branch in the town.
     
    The branch was inaugurated by LTF’s MD & CEO Sudipta Roy and Chief Marketing Officer Kavita Jagtiani on 12 August.
     
    Opening of the branch marks a key milestone in LTF’s growth and expansion strategy and is a testament to the company’s vision to meet the evolving financial needs of rural and semi-urban households. LTF will leverage technology to accelerate its services and enhance customer convenience.
     
    In the future, even more of LTF’s financial products will be available to the people of Madurai and the surrounding areas through this branch. 
     
      
    CURBING CREDIT RISK

     

    L&T Finance (LTF) has deployed beta version of Project Cyclops, a revolutionary in-house developed proprietary credit engine, which uses artificial intelligence (AI) and machine learning (ML) to alert about potential customers who have a higher credit risk.

    Project Cyclops ingests bureau, account aggregator and alternate trust signals at scale using ML-based ensemble scorecards built after an extensive analysis and overlay of historical credit performance data on all the axes.

    It uses advanced algorithms and AI-powered analytics to analyse vast amounts of data from various sources, including behavioural patterns, financial data, demographics and socio-economic variables. All this is used to predict the creditworthiness of a loan-seeker.

    Cyclops has been deployed across 25 LTF locations through a network of 200 selected dealers offering LTF’s two-wheeler loans, with much success, leading to prompt loan recoveries and a low default rate.

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  • Rapido to Metro

    Rapido to Metro
    Hyderabad Metro and Rapido join forces to offer a one-stop commute solution
     
    Commuters in the City of Pearls can now seamlessly book their metro tickets and Rapido ride (bike, auto and cab) to the desired station on the Rapido app itself. This does away the need to switch between apps.
     
    This innovative integration leverages Rapido’s extensive network and user- friendly platform to cater to Hyderabad’s growing commuter needs. It offers passenger convenience in terms of smoother and faster commutes by making the metro services more accessible.  

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  • Music & Metro

    Music & Metro
    Commuters on the Hyderabad Metro’s Ameerpet station were in for a pleasant surprise on 17 July when their journey was transformed into a lively musical concert featuring the talented participants of the popular show Telugu Indian Idols-3.
     
    The talented singers captivated the commuters with their renditions of popular Telugu songs – ranging from soulful ballads to energetic dance numbers. This exciting collaboration brought a touch of musical magic to the station, leaving everyone entertained and wanting more.
     
    It was a truly memorable experience that showcased the power of music to connect and uplift!

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