Together is a wonderful force multiplier. By bringing together erstwhile LTI’s engineering DNA and erstwhile Mindtree’s experience DNA, LTIMindtree has created a powerful synergy of capabilities, client relationships, talent and cultures, along with a strong growth mindset. Today, LTIMindtree has emerged as a formidable digital transformation partner— from core to experience to edge—enabling businesses to thrive in a converging world and get to the future, faster.
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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.
Complementary strengths
Enhanced talent pool
Increased scale, diversification of service offerings, enhanced reach and competitiveness
Synergies
Who we are
Harnessing the power of digital technologies
LTIMindtree is a leading global technology consulting and digital solutions company that empowers enterprises across various industries to reimagine their business models, accelerate innovation, and maximize growth through the effective utilization of digital technologies.
Purpose
Solve to unleash possibilities
Vision
Enabling businesses and communities to flourish in a hyperconnected world
Core Values
Be driven by purpose
Act with compassion
Be future-ready
Deliver impact
What we do
Delivering innovative
digital solutions
Customer Success
LTIMindtree is a leader in crafting engaging and immersive experiences for global brands.
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Cybersecurity
At LTIMindtree, our focus is on enabling our clients to go beyond ‘Security for Compliance’ to ‘Security for Cyber Defense Resiliency.
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Data and Analytics
LTIMindtree, being a digitally-native company that places great emphasis on innovation and contemporary technology stacks
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Digital Engineering
In today’s world, exceptional customer experience sets an organization apart from its competition.
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Cloud and Digital Infrastructure
LTIMindtree’s Cloud and Infrastructure services provide clients reliable
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Quality Engineering – Testing
At LTIMindtree, our dedicated quality engineering and testing practice enables
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Connected Universe – NxT
Connected Universe helps organizations prepare for the future by deploying IoT
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Platform Operations
Our Platform Operations offering simplifies and optimizes the handoff process between IT and operations
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NxT Geospatial Engineering
NxT Geospatial Engineering offers a map platform that integrates geospatial data from
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Enterprise Cloud Applications
LTIMindtree provides Disruptive Software as a Service (D-SaaS)
Read MoreIndustries served
Collaborating to achieve
a digital advantage
Banking and Financial Services (BFS)
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Insurance
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Communications, Media, and Entertainment
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Hi-Tech & Services
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Utilities
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Energy
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Public Services
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Healthcare
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Life Sciences
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Manufacturing and Resources
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Travel, Transport, and Hospitality
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Retail and Consumer Packaged Goods (CPG)
Read MoreGlobal footprint
Accelerating transformation
across the world
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117
No. of offices
35
No. of countries
45
No. of National Locations
72
No. of International Locations
Founder
Chairman’s Message
Dear Shareholders,
I am happy to present the first Integrated Annual Report post the integration of LTI and Mindtree.
The past year has been a watershed year, as we successfully created an entity that accesses the benefits of scale, and expands the array of offerings. By leveraging cross-industry expertise, we will also deliver greater value to all stakeholders.
A.M. NaikFounder Chairman
Read More leadership messageChief Executive Officer and Managing Director’s Message
Chief Executive
Officer and Managing
Director’s Message
Dear Shareholders,
With the creation of LTIMindtree, we have taken a significant leap forward in the industry-acclaimed profitable growth journeys of erstwhile LTI and erstwhile Mindtree. We are well-positioned to grow and nurture a powerful new brand that straddles a rich combined heritage of nearly five decades and a thriving future of value creation as an at-scale player with end-to-end transformational capabilities spanning businesses, experiences, technologies, and operations.
Debashis ChatterjeeCEO and Managing Director
Read More leadership messageChairman’s Message
LTIMOne Framework
Our approach is guided by the LTIMOne framework, which focuses on unifying the organization and providing clarity to clients, employees, and stakeholders.
The framework encompasses :-
- One culture
- One GTM (Go-To-Market) strategy
- One unified capability
- One profitable growth model
Through these pillars, LTIMindtree aims to simplify operations, deliver impactful outcomes, and drive profitable growth for clients and the communities it operates in.
LTIMindtree’s vision is to enable businesses to thrive in the future by leveraging cloud, data, and digital technologies. With its expanded capabilities and elevated market position, LTIMindtree is poised to drive transformational outcomes and capitalize on the immense opportunities within the IT industry.
LTIMindtree Crystal -
Technology Radar
Key performance indicators
Charting steady progress
Net Worth (INR in Million)
165,992
- FY21116,261
- FY22142,929
- FY23165,992
19.5% CAGR
Market Capitalization (INR in Million)
1,407,936
- FY211,051,751
- FY221,788,121
- FY231,407,936
15.7% CAGR
Revenue (INR in Million)
331,830
- FY21203,424
- FY22261,087
- FY23331,830
27.7% CAGR
EBITDA (INR in Million)
61,077
- FY2143,954
- FY2252,486
- FY2361,077
17.9% CAGR
CSR Spend (INR in Million)
680
- FY21221
- FY22546
- FY23680
Profit After Tax (INR in Million)
44,103
- FY2130,489
- FY2239,500
- FY2344,103
20.3% CAGR
EPS (Basic) (INR)
149.07
- FY21103.39
- FY22133.67
- FY23149.07
20.1% CAGR
EPS (Diluted) (INR)
148.83
- FY21102.95
- FY22133.35
- FY23148.83
20.2% CAGR
Return on Equity (in %)
28.6
- FY2130.2
- FY2230.5
- FY2328.6
Dividend Paid (INR in Million)
15,627
- FY218,199
- FY2213,277
- FY2315,627
38.1% CAGR
No. of Employees
84,546
- FY2159,805
- FY2279,594
- FY2384,546
Case studies
Value created for stakeholders
Creating consistent value
We aim to create long-term value for a broad range of stakeholders in a sustainable way.
Maximising shareholder value
USD 0 Billion
Order book value
INR 0 Million
Revenue
0%
Revenue growth
Balanced growth across industry, geographies and service lines
Robust client delivery
Strengthened long-standing relationships with marquee clients
0
Customer satisfaction rating (on a scale of 1-7)
Seamless operations
People focus
0
Average learning hour per employee
0%
Attrition rate
0%
Female employees
Supporting the communities
579,916
Beneficiaries
86
Projects
1,579,541
Saplings
Partners and suppliers
21%
of total procurement was from MSME vendors
Strategic and consulting partnerships with some of the leading enterprise-level product companies
Caring for the planet
INR 40,452,275
Environmental Capex spend
235.09 MT (64.20%)
Waste recycled
ESG focus
Caring
beyond
business
Building a sustainable future
We recognize that forging long-term value for our stakeholders necessitates a holistic and purpose-driven approach to business, one that is firmly rooted in transparency, accountability, and purpose.
Paneesh Rao Chief Sustainability Officer, LTIMindtree
Read MoreAt LTIMindtree, we understand that our responsibility towards the environment and our communities goes beyond mere compliance. We adopt a proactive stance towards sustainability, recognizing it as more than just an obligation but as a chance to actively contribute to the long-term objectives of sustainable development.
Environment
Net zero by 0
85%+ renewable energy use by 2030
~0%
waste recycling by 2030
Water positive
by 2030
Scale up of Green Tech offerings to clients
Social
0% women
in the workforce
0% women
in leadership by 2030
Become the Employer of Choice for PwD, LGBTQ+, and veterans and a great place to work for all; 50%+ local nationalities in major countries of business by 2030
Promote and create an ecosystem of diverse suppliers; 10% supplier base to be minority-owned businesses
Impact
0 million+
lives positively in the community by 2030
Governance
Diversify our board
across gender and background
Link ESG to executive compensation
Continue to train
100% of associates, partners, and suppliers on business ethics, and data privacy
Maintain
robust compliance, integrity practices, and key certifications
Stakeholder engagement
Relationships that help
us grow
We take an inclusive, collaborative and responsive approach to developing stakeholder relationships, while empowering our businesses to deliver local engagement in a transparent way.
Read MoreEmployees
Suppliers
Investors and
shareholders
Government and regulatory bodies
Customers
Communities and NGOs
Media
