LTIMindtree
Indian multinational IT services company
From Wikipedia, the free encyclopedia
LTIMindtree Limited (formerly L&T Infotech Limited) is an Indian multinational information technology services and consulting company based in Mumbai. A subsidiary of Larsen & Toubro, the company was incorporated in 1996 and employs more than 81,000 people.[4]
 | |
| Formerly | L&T Infotech Limited LTIMindtree Limited |
|---|---|
| Company type | Public |
| ISIN | INE214T01019 |
| Industry | Information technology Consulting Outsourcing[1] |
| Founded | 23 December 1996 |
| Headquarters | L&T House, Ballard Estate, Mumbai , India |
Area served | Worldwide |
Key people | S. N. Subrahmanyan (Non-Executive Chairman) Venu Lambu (CEO and Managing Director) |
| Revenue |  ₹38,997 crore (US$4.6 billion) (2025) |
| ₹6,214 crore (US$730 million) (2025) | |
| ₹4,602 crore (US$540 million) (2025) | |
| Total assets | ₹30,630 crore (US$3.6 billion) (2025) |
| Total equity | ₹22,711 crore (US$2.7 billion) (2025) |
Number of employees | 81,650 (March 2024)[2] |
| Parent | Larsen & Toubro (68.73%) |
| Website | www |
| Footnotes / references Financials as of 31 March 2025[update].[3] | |
History
The company was founded as L&T Information Technology Ltd in December 1996 as a subsidiary of Larsen & Toubro.[5] During 2001–2002, the company's name was changed from L&T Information Technology Ltd. to L&T Infotech Ltd., and in the same year, the company achieved the assessed level of the Software Engineering Institute's (SEI) Maturity Level 5.[6][7]
Between 2009 and 2012, parent Larsen & Toubro sought to scale up L&T Infotech by making a series of acquisition attempts, for Satyam Computer Services, Patni Computer Systems and Hexaware Technologies, all three of which proved to be unsuccessful.[8][9]
In 2013–14, L&T Infotech's engineering services segment was acquired by parent Larsen & Toubro's newly created technology and engineering services subsidiary called L&T Technology Services.[10][11]
In July 2016, L&T Infotech went public via an initial public offering (IPO) of ₹1,243 crore (US$184.98 million).[12]
Between 2016 and 2017, L&T Infotech had contracts with the Income Tax Department and Central Board of Direct Taxes to detect income tax evasion using profiling, data models and social media analytics.[13][14]
The company rebranded itself as 'LTI' with a tag line of 'Let's Solve' in May 2017.[15]
Mindtree merger
In June 2019, Larsen & Toubro completed its hostile takeover of Bengaluru-based company Mindtree, despite opposition from the latter's promoters.[16]
In May 2022, it was announced that Mindtree, which was then a different IT services subsidiary of Larsen & Toubro, will be merged into LTI,[17] and the company will be renamed as LTIMindtree.[17][18] Larsen & Toubro Group chairman A. M. Naik commented that there was not much overlap between the two companies in terms of industries and clientele; LTI had a plurality in BFSI industry and was active in the oil and gas sector, while Mindtree had a plurality in technology, media and telecommunications (TMT) with a presence in travel and hospitality.[19]
The merger was completed in November 2022. Subsequent to Merger, company changed name to LTIMindtree, becoming India's fifth largest provider of IT services by market capitalization and sixth largest by revenue. Shares of Mindtree were delisted and shareholders were allotted 73 shares of LTI for every 100 shares of Mindtree held. The parent company, Larsen & Toubro, held a 68.73% stake in the merged entity.[20]
In February 2026, LTIMindtree Limited announced that it would change its name to LTM Limited, pending shareholders' and regulatory approval.[21]
Global presence
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LTIMindtree has its presence across the following regions:[22]
- India:
- Mumbai – Ballard Estate (Regd office), Powai (HQ), Mahape (Navi Mumbai)
- Bangalore – Whitefield, Sattva Global City, Manyata Embassy Business Park, Electronic City
- Pune – Hinjewadi, Shivajinagar, ICC Tech Park, Kharadi
- Chennai – DLF Cybercity, Manapakkam
- Hyderabad – Mindspace Madhapur, HITEC City, Gachibowli
- Kolkata – Salt Lake City, New Town
- Delhi NCR – Moti Nagar, Noida
- Kochi – InfoPark
- Coimbatore – Rathinam TechZone, TIDEL Park
- Mysore – Silver Spirit Tech Park
- Nagpur – North Ambazari Road
- Bhubaneswar – Khurda
- Indore – Vijay Nagar
- Warangal – Hanamkonda
- Americas: United States, Canada, Mexico, Costa Rica, Brazil
- Europe: United Kingdom, Germany, Netherlands, France, Sweden, Norway, Poland, Denmark, Finland, Spain, Belgium, Ireland, Italy, Hungary, Croatia, Portugal, Czech Republic, Luxembourg, Switzerland, Cyprus, Greece
- Asia Pacific: Australia, China, Singapore, Japan, Philippines, Malaysia, Taiwan, South Korea, Thailand, Hong Kong
- Middle East: United Arab Emirates, Saudi Arabia, Qatar
- Africa: South Africa, Kenya
Acquisitions
| Company acquired | Country | Date | Business | Reference |
|---|---|---|---|---|
| Citigroup Fund Services Canada |  Canada |
February 2011 | IT consulting | [23] |
| Information Systems Resource Centre (ISRC) |  India |
October 2014 | IT services | [24] |
| AugmentIQ Data Sciences | India |
October 2016 | Big data, data analytics | [25] |
| Syncordis |  Luxembourg |
November 2017 | Core banking technology | [26] |
| Ruletronics | India |
January 2019 | Business process management | [27] |
| Nielsen+Partner |  Germany |
February 2019 | IT consulting | [28] |
| Lymbyc | India |
July 2019 | AI, machine learning | [29] |
| Powerupcloud Technologies | India |
October 2019 | Cloud computing | [30] |
| Cuelogic Technologies | India |
July 2021 | Digital engineering | [31] |
| Mindtree | India |
May 2022 | IT services | [32] |
Logo
- Evolution of logo
Original logo used till 2007
Logo used from 2007 to 2017
Logo used from 2017 to 2022
Logo used from 2022 to 2026
Logo used from 2026 onwards
See also
