LTIMindtree Ltd

LTIMindtree will hold a meeting of the Board of Directors of the Company on 23 April 2025.Powered by Capital Market - Live

PHINIA Inc. has partnered with LTIMindtree. PHINIA is a global, market-leading premium fuel systems, electrical systems, and aftermarket solutions and components provider. Through this partnership, LTIMindtree will provide seamless support and transformation of PHINIA's IT infrastructure, while enhancing application maintenance and development services. As a part of this partnership, LTIMindtree will leverage the power of AI as well as automation tools to assist PHINIA with managing operational risk and reducing application complexity while enabling business efficiency and agility through AI led IT transformation. Rajesh Sundaram, EVP & Chief Business Officer, LTIMindtree, said, 'We are excited to partner with PHINIA in their transformation journey. We understand the nuances and complexities of the various segments in which PHINIA operates. As key enablers in their IT modernization efforts, we are committed to streamlining business processes and simplifying outcomes for the end customers'. PHINIA has a strong brand portfolio that includes DELPHI', DELCO REMY', and HARTRIDGE'. With over 100 years of manufacturing expertise and industry relationships, PHINIA develops fuel systems, electrical systems, and aftermarket solutions for a wide range of applications, including commercial vehicles, industrial applications, and light commercial and passenger vehicles. Powered by Capital Market - Live

Under the partnership, LTIMindtree will provide comprehensive support for the transformation of PHINIA's IT infrastructure, focusing on enhancing application maintenance and development services. As part of this collaboration, LTIMindtree will leverage artificial intelligence (AI) and automation tools to help PHINIA manage operational risks, reduce application complexity, and drive business efficiency and agility through AI-led IT transformation. Matt Logar, VP and CIO of PHINA, said, 'This partnership with LTIMindtree is a key enabler of our vision to transition to a more modern, secure, and simplified technology environment that supports PHINIA's global growth and enhances the services we provide to our customers. As we continue to evolve our IT capabilities, having a trusted partner with deep domain expertise and a focus on innovation will help us accelerate our transformation and unlock new opportunities to enhance efficiency, improve manufacturing operations, and deliver greater value to our customers.' Rajesh Sundaram, EVP & Chief Business Officer, LTIMindtree, said, 'We are excited to partner with PHINIA in their transformation journey. We understand the nuances and complexities of the various segments in which PHINIA operates. As key enablers in their IT modernization efforts, we are committed to streamlining business processes and simplifying outcomes for the end customers'. LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. LTIMindtree's consolidated net profit slipped 13.2% to Rs 1,086.70 crore while revenue from operations increased 2.4% to Rs 9,660.90 crore in Q3 December 2024 over Q2 September 2024. Powered by Capital Market - Live

LTIMindtree has strengthened its engagement with Arenco Group, a leading group into Real Estate, Hotel Apartments, Hotels, Car Rentals & Auto Services, Furniture Manufacturing and Trading, Interior Design and other investments. This engagement will enable upgradation of JD Edwards 9.1 system to latest release and hosting of JDE application on Oracle cloud infrastructure to modernize Arenco's IT infrastructure. This will consequently improve agility, optimize costs, enhance performance, ensure compliance, and unlock new capabilities to drive business growth and innovation at Arenco. Powered by Capital Market - Live

LTIMindtree announced that CRISIL has re-affirmed its ratings on the bank facilities of the Company at 'CRISIL AAA/Stable/CRISIL A1+'. Powered by Capital Market - Live

Citigroup, a significant client for LTIMindtree, is reportedly aiming to slash its external IT contractor workforce from the current 50% to just 20%. This strategic shift is part of a broader plan to strengthen its internal workforce by hiring more full-time employees. The bank intends to enhance data security, improve risk management practices, and ensure stricter compliance with regulatory requirements. According to the media reports, the bank's plan involves increasing its full-time IT employee count from 48,000 in 2024 to 50,000 by the end of 2025. This expansion highlights Citigroup's commitment to building a more stable and secure internal IT team. LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. LTIMindtree's consolidated net profit slipped 13.2% to Rs 1,086.70 crore while revenue from operations increased 2.4% to Rs 9,660.90 crore in Q3 December 2024 over Q2 September 2024. Powered by Capital Market - Live

LTIMindtree Ltd is down for a fifth straight session today. The stock is quoting at Rs 4974, down 1.46% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.12% on the day, quoting at 22581.35. The Sensex is at 74664.52, up 0.28%.LTIMindtree Ltd has lost around 12.52% in last one month.Meanwhile, Nifty IT index of which LTIMindtree Ltd is a constituent, has eased around 6.88% in last one month and is currently quoting at 39446.6, down 0.71% on the day. The volume in the stock stood at 3.41 lakh shares today, compared to the daily average of 2.86 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 4970.25, down 1.7% on the day. LTIMindtree Ltd tumbled 9% in last one year as compared to a 2.08% rally in NIFTY and a 4.17% spurt in the Nifty IT index.The PE of the stock is 33.51 based on TTM earnings ending December 24.Powered by Capital Market - Live

The collaboration has been enabled by Fairfax Digital Services (A Fairfax Company) and will include the establishment of a Global Delivery Center in India. As part of the multi-year relationship, LTIMindtree has been selected as the Services Partner for Eurobank Luxembourg's Temenos implementation program, providing maintenance, data migration, quality assurance, and post-production support services to the bank. LTIMindtree will help drive innovation and modernise the technology infrastructure for Eurobank Group, in Cyprus, Luxembourg and Greece. The collaboration will enable both companies to leverage the power of LTIMindtree's innovative technology and data solutions to drive significant improvements in customer experience and operational efficiency. Chief executive officer (CEO), group chief operating officer (COO) & International activities, Eurobank Holdings, Stavros Ioannou, said, 'Eurobank Group has always been at the forefront of innovation, driving digital transformation to enhance customer experience and operational excellence. Our journey to becoming a digital leader is built on strategic partnerships that accelerate modernisation and create seamless, future-ready solutions. Partnering with LTIMindtree, in collaboration with Fairfax Digital Services, marks a significant milestone in this journey'strengthening our IT capabilities to meet evolving customer expectations and regulatory requirements. We are excited about the future as we redefine customer experience and set new industry benchmarks with the launch of our new Delivery Center in India.' Srini Rao, EVP & chief business officer Europe, LTIMindtree, said, 'We are thrilled to announce our partnership with Eurobank as they embark on an ambitious journey to modernise their banking infrastructure technology platform. Our expertise in cutting-edge IT services and seamless Temenos implementation services positions us uniquely to deliver innovative solutions that meet the future needs of Eurobank.' LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. LTIMindtree a Larsen & Toubro Group company combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale. The company's consolidated net profit rose marginally to Rs 1,169.3 crore in Q3 FY24 as against Rs 1,162.3 crore recorded in Q2 FY24. Revenue from operations increased by 1.2% quarter on quarter (QoQ) to Rs 9,016.6 crore in Q3 FY24.Powered by Capital Market - Live

LTIMindtree has partnered with FLS, a leading, full flowsheet minerals processing supplier to the global mining industry, for strategic transformation of their application services portfolio. Through this partnership, LTIMindtree will enable seamless support of enhanced application maintenance and development services at FLS. As a part of this partnership, LTIMindtree would provide Maintenance, Support to the vast & complex Application landscape of FLS Mining. By leveraging the power of AI as well as automation tools , LTIMindtree will assist FLS Mining in reducing complexity and enabling business efficiency. Powered by Capital Market - Live

LTIMindtree announced extension of their strategic collaboration with the Association of American Medical Colleges (AAMC), a nonprofit association dedicated to improving the health of people everywhere through medical education, health care, medical research, and community collaborations. As a part of this renewed partnership, LTIMindtree will help the AAMC expedite its continuous improvement initiatives, driving improved decision making and increased productivity across its business functions. Founded in 1876, the AAMC is based in Washington, D.C. Through this extended alliance, LTIMindtree will assist the AAMC in enhancing their technology infrastructure and optimize application development and maintenance processes. This engagement will reduce the time to market, through improved overall engineering productivity. Additionally, it will also enable the integration of security practices in development and operational processes to ensure a robust and reliable end-to-end delivery. 'Technology-led innovation is helping tackle some of the most significant challenges within healthcare and we are pleased to renew our partnership with the AAMC, a leading organization in this space. As part of the engagement, LTIMindtree will enable the AAMC in their strategic transformation journey. Our longterm objective is to streamline operations and optimize processes at the AAMC by leveraging our deep expertise in AI-led transformation of data as well as in user experience and infrastructure management', said Manjunath Yerragunta, Business Head - Healthcare, LTIMindtree. Powered by Capital Market - Live