Mumbai, March 25 (PTI): L&T Infotech, a subsidiary of Larsen and Toubro Ltd (L&T), today said it intended to expand its presence in the US and Europe and was in the process of augmenting its teams in high-potential markets.

"While we intend to continue expanding our presence in the US and Europe, we also plan to expand our geographical reach in other markets that we have identified as having potential, including Australia, Singapore, Japan, South Africa, India and West Asia.

"We are in the process of augmenting our teams in these markets to further explore the opportunities therein," Sanjay Jalona, managing director and CEO of L&T Infotech, said.

In 2014-15, North America and Europe accounted for 68.6 per cent and 17.9 per cent, respectively, of its total revenues.

"We have identified Germany and France as important markets for us in the future and we would like to enhance our capabilities and address gaps in language capability, industry expertise, technical expertise and geographic coverage in these countries. As such, we are also contemplating pursuing strategic acquisitions in these markets," said Jalona.

The company has added several executives to its America and Europe team as part of its plan to market and distribute solutions directly through a global delivery model. As of June 30, 2015, it had 22 delivery centres and 42 sales offices globally.