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On Wed, 6 Nov, 8:01 AM UTC
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L&T Partners with E2E Networks to Drive GenAI Cloud Solutions in India
Joint solutions will integrate cloud and AI cloud platforms with data center expertise. Larsen and Toubro (L&T) has announced a strategic partnership with E2E Networks, an Indian Cloud and AI Cloud provider, to advance Generative AI (GenAI) solutions in India. This collaboration aims to transform the landscape of accelerated computing by making AI-driven, cloud-based solutions more accessible to Indian organisations, thereby enhancing productivity and scalability. Also Read: Lumen and AWS Partner to Enhance AI-Driven Connectivity Across the US "The partnership is a significant step towards the adoption of GenAI solutions in India to foster a fundamental shift in the way Accelerated Computing on Cloud is used by Indian organisations," L&T said in a joint statement on Tuesday. As part of the agreement, L&T will acquire a 21 percent stake in E2E Networks through primary and secondary transactions. Together, the companies plan to integrate E2E's Cloud and AI Cloud platforms with L&T's expertise in data center management, targeting startups and enterprises for accelerated digital transformation. "The transformative journey for organisations in AI adoption is a fundamentally different approach to implementing GenAI software solutions using Cloud GPUs to utilise an organisation's deep learnings to deploy and evolve production-grade self-adapting AI Software," the official release said. Tarun Dua, Chairman and Managing Director of E2E Networks, said, "The strategic collaboration between E2E Networks and L&T marks a significant milestone for the future of adoption of domestically built HyperScaler Cloud Platforms in India. The partnership marks the next step in the journey towards 'Make in India' for running production-grade traditional CPU workloads and GPU-led GenAI innovation in India. The narrative in India has changed from being viewed as a digital colony to that of evolving into a provider of sovereign cloud platforms to the world." Also Read: NTT DATA and Google Cloud Join Forces to Propel AI Adoption in Asia Pacific Seema Ambastha, Chief Executive of L&T Data Centre and Cloud Business, emphasised the importance of the partnership, saying, "Collaborating with E2E Networks allows us to offer our clients seamless, scalable and secure cloud experiences. By combining our capabilities, we are delivering a cloud ecosystem designed for businesses in India that want to drive growth, optimise costs and unlock the full potential of AI and digital transformation."
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L&T Announces Strategic Partnership with E2E Networks to Accelerate Cloud and AI Innovation for Indian Enterprises
L&T to also acquire 21% equity in E2E Networks Larsen & Toubro (L&T), India's premier tech-led conglomerate, has announced a strategic partnership with E2E Networks, an Indian Cloud and AI Cloud provider. The partnership is a significant step towards the adoption of GenAI solutions in India to foster a fundamental shift in the way Accelerated Computing on Cloud is used by Indian organisations. The transformative journey for organisations in AI adoption is a fundamentally different approach to implementing GenAI software solutions using Cloud GPUs to utilise an organisation's deep learnings to deploy and evolve production-grade self-adapting AI Software. L&T will also acquire a 21% equity stake in E2E Networks through a combination of primary and secondary transactions. Under this alliance, L&T will integrate E2E Networks' Cloud and AI Cloud platform with its expertise in data center management and cloud solutions towards empowering startups, and enterprises. The collaboration aims to accelerate digital transformation for a diverse range of industries, fostering a technology-driven, sustainable future for India. Mr Tarun Dua, Chairman and Managing Director of E2E Networks, added, "The strategic collaboration between E2E Networks and L&T marks a significant milestone for the future of adoption of domestically built HyperScaler Cloud Platforms in India. The partnership marks the next step in the journey towards 'Make in India' for running production-grade traditional CPU workloads and GPU-led GenAI innovation in India. The narrative in India has changed from being viewed as a digital colony to that of evolving into a provider of sovereign cloud platforms to the world." Ms Seema Ambastha, Chief Executive of L&T Data Center and Cloud Business, emphasised the importance of the partnership, saying, "Collaborating with E2E Networks allows us to offer our clients seamless, scalable and secure cloud experiences. By combining our capabilities, we are delivering a cloud ecosystem designed for businesses in India that want to drive growth, optimise costs and unlock the full potential of AI and digital transformation."
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E2E Networks Partners with L&T to Drive Cloud and AI Innovation Across Indian Enterprises
E2E Networks has announced a strategic partnership with Larsen & Toubro (L&T), India's premier tech-led conglomerate. The partnership is a significant step towards adoption of GenAI solutions in India to foster a fundamental shift in the way Accelerated Computing on Cloud is used by Indian organisations, The transformative journey for organisations in AI adoption is a fundamentally different approach to implementing GenAI software solutions using Cloud GPUs to utilise an organisation's deep learnings to deploy and evolve production-grade self-adapting AI Software. L&T will also acquire a 21% equity stake in E2E Networks through a combination of primary and secondary transactions.
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Larsen & Toubro Engineers ₹1.3k cr Ladder to the Cloud
Larsen & Toubro is buying a 21% stake in E2E Networks, an artificial intelligence (AI) cloud provider, in a ₹1,327-crore all-cash transaction. In a two-part deal, L&T proposes to acquire a total of 4.17 million equity shares. It has also struck a strategic partnership with the AI company, under which it will integrate E2E's cloud and AI cloud platforms with its existing data centre management and solutions. This will enhance its offerings to startups and enterprises. E2E was the first to introduce cloud-based graphics processing units (GPUs) in India back in 2018, through its relationship with AI juggernaut Nvidia. NSE-listed E2E claims a roster of blue-chip clients, including Zomato, CarDekho, 1mg, Junglee Games and Purplle. In a disclosure to the BSE, L&T said it will have the right to nominate up to two directors on the board of E2E after the acquisition. The bold move by the engineering major gives it a head start in the red-hot AI market. "Collaborating with E2E Networks allows us to offer our clients seamless, scalable and secure cloud experiences," said Seema Ambastha, chief executive of L&T data centre and cloud business. E2E's advanced cloud computing solutions include the AI/ML platform TIR and cloud GPUs such as Nvidia A100, H100 and H200. "The strategic collaboration between E2E and L&T marks a significant milestone for the future adoption of domestically built hyperscale cloud platforms in India," said Tarun Dua, chairman and managing director of E2E. Hasit Joshipura, adviser to chairman of L&T Group for data centre and cloud, told ET that with the emergence of a data-driven economy, the importance of data centres has increased. "L&T builds half the data centres in the country. (It) also operates data centres for some state governments and has two IT companies (LTIMindtree and L&T Technology Services) for managed services. The only space in which there was a gap was running its own data centres," he said. The engineering major had also identified semiconductors, marketplaces and data centres as future growth engines. To start with, it set up a proof of concept, a 2 MW data centre, in Panvel. Now, it runs 30 MW, of which 12 MW is live in Sriperumbudur, near Chennai.
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Larsen & Toubro (L&T) forms a strategic partnership with E2E Networks, acquiring a 21% stake to drive cloud-based Generative AI solutions in India, aiming to transform accelerated computing and digital innovation.
Larsen & Toubro (L&T), India's leading tech-driven conglomerate, has announced a strategic partnership with E2E Networks, a prominent Indian Cloud and AI Cloud provider. This collaboration aims to accelerate the adoption of Generative AI (GenAI) solutions in India, marking a significant shift in how accelerated computing on the cloud is utilized by Indian organizations 12.
As part of this partnership, L&T will acquire a 21% stake in E2E Networks through a combination of primary and secondary transactions, valued at approximately ₹1,327 crore ($160 million) 4. This move allows L&T to integrate E2E Networks' Cloud and AI Cloud platforms with its own expertise in data center management and cloud solutions 2.
The collaboration between L&T and E2E Networks is set to transform the landscape of accelerated computing by making AI-driven, cloud-based solutions more accessible to Indian organizations. This initiative aims to enhance productivity and scalability across various industries 1.
Tarun Dua, Chairman and Managing Director of E2E Networks, emphasized the significance of this partnership for the adoption of domestically built HyperScaler Cloud Platforms in India. He stated, "The narrative in India has changed from being viewed as a digital colony to that of evolving into a provider of sovereign cloud platforms to the world" 12.
Seema Ambastha, Chief Executive of L&T Data Centre and Cloud Business, highlighted the partnership's potential to offer clients seamless, scalable, and secure cloud experiences. She noted, "By combining our capabilities, we are delivering a cloud ecosystem designed for businesses in India that want to drive growth, optimize costs and unlock the full potential of AI and digital transformation" 12.
This partnership aligns with L&T's broader strategy to expand its presence in the data center and cloud computing sectors. Hasit Joshipura, adviser to the chairman of L&T Group for data centre and cloud, revealed that L&T has identified semiconductors, marketplaces, and data centers as future growth engines 4.
L&T currently builds half of the data centers in India and operates data centers for some state governments. The company has also set up a proof of concept, a 2 MW data center in Panvel, and now runs 30 MW, of which 12 MW is live in Sriperumbudur, near Chennai 4.
This strategic move positions L&T at the forefront of the rapidly growing AI market in India, promising to drive innovation and digital transformation across various sectors of the Indian economy.
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E2E Networks introduces AI Lab as a Service (AILaaS), a scalable and cost-effective solution for Indian educational institutions to build AI infrastructure using a pay-as-you-go model, providing access to advanced NVIDIA GPUs.
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L&T Technology Services Limited (LTTS) and SymphonyAI have joined forces to offer AI-based business transformation solutions to global customers through the APEX Enterprise Copilot platform. This partnership aims to revolutionize various industries with cutting-edge AI technology.
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