News

Global technology consulting and digital solutions company LTIMindtree today, October 27, announced a multi-year deal worth $100 million with a leading US-based global manufacturer of chemicals and polymers.

As per the agreement, LTIMindtree will provide comprehensive IT services, covering core business applications, infrastructure operations, end-user support, software asset governance, and project execution.

The engagement focuses on driving intelligent efficiencies leveraging AI, automation, and streamlined processes, the Mumbai-based firm said in a stock market disclosure.

The subsidiary of Larsen & Toubro Group added that the agreement will also enable cost optimisation, vendor consolidation, and continuous innovation to enhance service delivery and achieve strategic outcomes.

“This win reinforces LTIMindtree's position as a trusted transformation partner focused on AI-centric growth in the chemicals and energy sector. We're committed to delivering measurable outcomes through technology, agility, and deep domain expertise,” said Venu Lambu, CEO and MD, LTIMindtree.

“This partnership underscores our shared commitment to building a future-ready IT ecosystem powered by innovation, efficiency, and excellence,” said Ramesh Kannan, chief business officer, energy & utilities, LTIMindtree.

LTIMindtree earlier this month reported a net profit of Rs 1,401 crore for the July-September period, marking an 11.7 per cent quarter-on-quarter rise that exceeded analysts' expectations.

Its revenue grew 5.6 per cent sequentially to Rs 10,394 crore for the fiscal second quarter, according to a regulatory filing.

The IT firm's quarterly earnings before interest and taxes (EBIT) came in at Rs 1,648 crore, as against Rs 1,406 crore in the previous quarter.

Its margin improved to 15.9 per cent from 14.3 per cent in the June quarter.

According to Zee Business research, LTIMindtree's EBIT and margin were pegged at Rs 1,525 crore and 14.87 per cent, respectively.