Larsen & Toubro launches L&T EduTech, appoints Sabyasachi Das as CEO

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Larsen & Toubro (L&T), an industrial giant, entered India’s booming ed-tech sector with the launch of L&T EduTech. It is a portal that will offer courses in the fields of engineering and technology.

Courtesy of: Larsen & Toubro

The new company will be a technology-driven, industry-led, application-based hands-on learning platform with a strong technology backbone that will cover all disciplines of engineering and engineering. technology to help produce industry-ready talent.

Sabyasachi Das has been appointed CEO of the company’s new venture. Das was Senior Vice President and Member of the Management Team (ELT) of Cognizant before joining L&T.

Das commented on his appointment, “It’s exciting to join such a big and reputable brand as L&T and to have the reins to lead a new company that aims to train young Indians to improve their employability. “

L&T EduTech plans to provide three verticals which include College Connect, Professional and Vocational Skills, as well as assessment and certification processes. While College Connect will focus on providing students with hands-on, application-based learning, Professional Skilling will encourage future professionals to accelerate their careers in their respective fields, the company noted at the launch of the platform. Professional skills include skills certification programs offered by industry experts to maximize employability.

L&T plans to strengthen the skills of engineers and support its multinational company using the ed-tech platform. Professors would be chosen from industry, academia, and learning and training, depending on the company, to impart their experience and knowledge on hybrid learning and training platforms.

Larsen & Toubro, which has a market capitalization of around Rs 2.51 lakh crore, is a multinational engineering, procurement and construction (EPC) company with operations in over 50 countries. As the electronics technology sector in India continues to grow, large companies have invested in the sector in order to keep up with the changing business landscape.

Reliance Industries (RIL), the oil and telecommunications conglomerate, announced in 2018 that it would purchase a majority stake in Bengaluru-based electronics technology start-up Embibe. Hero Group also entered the ed-tech space in April of this year with Hero Vired.

The country’s ed-tech sector has flourished dramatically over the past 18 months, and India now has five unicorns. This year alone, three ed-tech startups, upGrad, Vedantu and Eruditus, have joined the unicorn club. According to reports, Indian electronics tech startups attracted around $ 3.2 billion in funding in the first three quarters of 2021.

Given the uncertainties surrounding the reopening of schools, universities and other educational institutions, electronics technology companies are expected to experience an increase in user base and venture capital funding.


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