Two Indian IT behemoths join hands
With the Company’s robust next-generation delivery capabilities and continued focus on innovation and agility, there is confidence to capitalize on several exciting opportunities that FY24 would present.
The merger of erstwhile Larsen & Toubro Infotech Limited (LTI) and erstwhile Mindtree Limited (Mindtree), completed in November 2022, led to the formation of LTIMindtree Limited “LTIMindtree” or “Company”. This was a significant milestone for both companies and for the IT services industry in India, as it continues to create value for stakeholders. With the complementary strengths of the two organizations, the resulting entity emerged as a digital powerhouse combining the engineering prowess of erstwhile LTI and the experience capabilities of erstwhile Mindtree.

The perfect harmony of erstwhile Mindtree’s digital services, and erstwhile LTI’s strong background in infrastructure management and enterprise applications equips LTIMindtree with a comprehensive suite of capabilities & solutions to get global businesses to the future, faster.

Today, LTIMindtree has strong global presence across North America, Europe and the rest of the world with over 700 active clients, 84,000+ talented associates, and an annual revenue over USD 4 Billion.

Complementary strengths

The merger enabled both companies to leverage their respective strengths and create a more comprehensive suite of offerings to clients. The expanded and diversified capabilities combined with enhanced scale are creating significant cross-sell and upsell opportunities, cementing LTIMindtree’s status as an industry leader.

Enhanced talent pool

The merger brought together the talent and expertise of two well-established IT services providers, which will be leveraged to provide clients with access to a broader range of technical capabilities and experience.

Increased scale, diversification of service offerings, enhanced reach and competitiveness

The merger has created a larger organization with increased scale, resources and capabilities to compete more effectively with larger IT services companies. The Company is now a formidable contender for strategic partnerships with new clients.

Synergies

Though the focus of the merger was on revenue synergies and end-to-end service offering capabilities, there is some amount of cost savings that is also expected to accrue due to the merger, enabling LTIMindtree to continue its profitable growth journey.