India’s sixth-largest technology services company, LTIMindtree, has reportedly won its largest deal ever. The company focuses on revolutionising smaller clients and grabbing a higher share of vendor consolidation deals with artificial intelligence (AI), the biggest transforming technology. Now, the company has established a strong presence in the market.
“We are now embedding AI into each of our services, reimagining with AI…The bulk of our large deals that we announced this quarter came because of that differentiated AI offering. This is one of our largest deals in the history of the company, that we signed with a manufacturing client,” said Nachiket Deshpande, chief operating officer at LTIMindtree, in an interview.
In the second quarter ending September FY2025, the company closed several multi-year projects, including a $200 million deal from a US-based manufacturer. The total order intake for the three months was flat year-on-year at $1.3 billion.
LTIMindtree’s revenue grew by 3.2% quarter-on-quarter and 5.9% year-on-year to Rs. 9,432.9 crore, making a profit of almost Rs. 1,250 crore. The company is also seeing further profit.
Because of the AI-centric approach, we were able to consolidate from four vendors to one, LTIMindtree. Deshpande added that the firm is cautiously working on some tail rationalisation in case there is no strategic improvement in client relationships.
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LTIMindtree is the merger of L&T Infotech and Mindtree, which was formed in November 2022.
