LTIMindtree
LTIMindtree is an Indian multinational information technology services and consulting company owned by Larsen & Toubro.
Last updated August 31, 2026
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Overview
LTIMindtree is an India-based multinational information technology services and consulting company formed through the combination of L&T Infotech and Mindtree. It operates as part of the Larsen & Toubro Group and is headquartered in Mumbai. The business provides technology consulting, systems integration, application development and maintenance, cloud services, data and analytics, enterprise solutions, digital engineering, infrastructure services, and industry-specific technology support to organizations in India and international markets. The company originated as L&T Information Technology Ltd., established by Larsen & Toubro in December 1996. Its name was changed to L&T Infotech during 2001–2002, and the company subsequently developed a position as a technology-services subsidiary serving sectors including banking and financial services, insurance, manufacturing, energy, and other enterprise industries. During the same period, it achieved Software Engineering Institute Maturity Level 5 assessment, an indication of a mature software-development process under the framework used at that time. Larsen & Toubro attempted to expand the scale of L&T Infotech through several proposed acquisitions between 2009 and 2012. Efforts involving Satyam Computer Services, Patni Computer Systems, and Hexaware Technologies did not succeed. In 2013–2014, L&T Infotech's engineering-services segment was transferred to L&T Technology Services, a technology and engineering-services subsidiary created by the parent group. This helped clarify the distinction between the two L&T technology businesses, with L&T Infotech focused more strongly on information technology services and consulting. L&T Infotech became a listed company through an initial public offering in July 2016. In 2017, it rebranded as LTI and adopted the slogan "Let's Solve." Around this period, the company also worked with India's Income Tax Department and Central Board of Direct Taxes on technology-enabled efforts to identify possible tax evasion using taxpayer profiling, data models, and social-media analytics. A major strategic change followed Larsen & Toubro's acquisition of control of Mindtree in 2019. Mindtree remained a separate L&T technology-services subsidiary for several years, but in 2022 the group announced that it would combine Mindtree with LTI. The transaction was completed in November 2022, creating LTIMindtree. Mindtree shareholders received 73 LTI shares for every 100 Mindtree shares held, and Mindtree's shares were subsequently delisted. Larsen & Toubro retained a controlling interest of 68.73 percent in the merged company according to the cited reference material. The merger brought together LTI's comparatively strong exposure to banking, financial services and insurance, as well as oil and gas, with Mindtree's significant presence in technology, media and telecommunications, travel, and hospitality. The combined company was described as India's fifth-largest IT-services provider by market capitalization and sixth-largest by revenue immediately after the merger. The company is presented as having a workforce of more than 87,950 people in the reference material. In February 2026, LTIMindtree announced a proposed change of its name to LTM Limited, although the subject covered by this dossier remains the LTIMindtree brand and business formed by the 2022 merger.
History
LTIMindtree traces its origins to L&T Information Technology Ltd., which Larsen & Toubro established in December 1996 as a technology-services subsidiary. During 2001–2002, the company changed its name to L&T Infotech Ltd. In that period it also achieved Software Engineering Institute Maturity Level 5 assessment, reflecting the maturity of its software-engineering processes under the relevant assessment framework. Between 2009 and 2012, Larsen & Toubro explored acquisitions intended to increase the scale of L&T Infotech. Its approaches involving Satyam Computer Services, Patni Computer Systems, and Hexaware Technologies were unsuccessful. The group later reorganized some of its technology activities. In 2013–2014, L&T Infotech's engineering-services segment was acquired by L&T Technology Services, a technology and engineering-services subsidiary created by Larsen & Toubro. L&T Infotech consequently continued primarily as an IT-services and consulting business distinct from the engineering-focused L&T Technology Services. The company entered the public markets through an initial public offering in July 2016. In May 2017, it changed its customer-facing brand to LTI and introduced the "Let's Solve" tagline. Its activities also included work for India's Income Tax Department and Central Board of Direct Taxes during 2016–2017. These engagements involved the use of taxpayer profiling, data models, and social-media analytics to help identify potential income-tax evasion. The next major stage was the acquisition of Mindtree by Larsen & Toubro. The takeover was completed in June 2019 after a contested process in which Mindtree's promoters opposed L&T's approach. Mindtree and LTI initially continued as separate L&T technology subsidiaries. In May 2022, however, the group announced that Mindtree would be merged with LTI. The rationale described in the reference material was that the two businesses had complementary industry and customer concentrations: LTI had a strong position in banking, financial services and insurance and activity in oil and gas, while Mindtree had greater exposure to technology, media and telecommunications, travel, and hospitality. The merger closed in November 2022. The combined business adopted the name LTIMindtree. Mindtree shares were delisted, and Mindtree shareholders received 73 shares of LTI for every 100 Mindtree shares held. Larsen & Toubro held 68.73 percent of the merged entity according to the cited reference. The transaction created a major Indian IT-services company, described at completion as fifth by market capitalization and sixth by revenue among Indian IT-services providers. The reference material also describes a workforce exceeding 87,950 employees. In February 2026, LTIMindtree Limited announced that it would change its name to LTM Limited. This later naming development does not alter the historical identity of LTIMindtree as the brand created by the LTI–Mindtree merger.
- 2026
Proposed change to LTM Limited
[1]The company announces a change of name to LTM Limited.
- 2022
LTI–Mindtree merger creates LTIMindtree
[1]The merger is completed in November, combining the two L&T technology-services businesses.
- 2019
Larsen & Toubro takes control of Mindtree
[1]Larsen & Toubro completes its contested acquisition of Mindtree.
- 2017
LTI rebrand
[1]L&T Infotech adopts the LTI brand and the "Let's Solve" tagline.
- 2016
Initial public offering
[1]L&T Infotech becomes publicly listed through an IPO in July 2016.
- 2002
Achieves SEI Maturity Level 5
[1]The company achieves Software Engineering Institute Maturity Level 5 assessment.
- 2001
Name changes to L&T Infotech
[1]The business adopts the L&T Infotech name during the 2001–2002 period.
- 1996
L&T Information Technology is incorporated
[1]Larsen & Toubro establishes L&T Information Technology Ltd. as an information technology subsidiary.
Products and positioning
A global, Larsen & Toubro-backed IT-services and consulting provider combining LTI's enterprise and financial-services capabilities with Mindtree's digital, technology, media, telecommunications, travel, and hospitality expertise.
Consulting
Technology consulting
Advisory and transformation services intended to help enterprises define technology strategy, modernize operating models, and implement digital change across business functions and industry environments.
Managed IT services
Cloud and infrastructure services
Cloud migration, modernization, infrastructure management, and related services supporting enterprise workloads across public, private, and hybrid environments.
Data and artificial intelligence
Data and analytics services
Data engineering, analytics, modeling, and artificial-intelligence capabilities used for reporting, decision support, automation, and the development of data-centric enterprise applications.
Software services
Application services
Application development, maintenance, testing, integration, and modernization services for legacy and contemporary enterprise software environments.
Engineering and digital services
Digital engineering
Digital product, software-engineering, and connected-technology services supporting organizations as they design, build, and operate technology-enabled products and experiences.
Marketing campaigns
- 2017Let's Solve
Global
The rebranding from L&T Infotech to LTI was accompanied by the "Let's Solve" tagline, presenting the company as a practical technology partner focused on solving enterprise problems.
Outcome. The campaign established the LTI identity used before the later combination with Mindtree.
Brand decisions
2026
Name change to LTM LimitedStrategyBackground
Following the 2022 combination of LTI and Mindtree, the company announced a further corporate-name change.
Action taken
LTIMindtree Limited announced that it would change its name to LTM Limited.
2022
Merger of LTI and MindtreeM&ABackground
Larsen & Toubro owned both LTI and Mindtree and described their industry and client portfolios as complementary rather than substantially overlapping.
Action taken
The group merged Mindtree into LTI and adopted the LTIMindtree name. Mindtree shareholders received 73 LTI shares for every 100 Mindtree shares, and Mindtree shares were delisted.
Aftermath
The combined company became a major Indian IT-services provider, while Larsen & Toubro retained a 68.73 percent stake according to the cited reference.
2016
Public listing through an IPOOtherBackground
Larsen & Toubro sought to take its technology-services subsidiary to the public market.
Action taken
L&T Infotech completed an initial public offering in July 2016.
Aftermath
The company became a publicly traded L&T technology-services business.
IPO proceeds. ₹1,243 crore (July 2016 IPO)
2013
Transfer of engineering-services activitiesStrategyBackground
Larsen & Toubro was separating its information technology services from its expanding engineering-services activities.
Action taken
L&T Infotech's engineering-services segment was transferred to L&T Technology Services during 2013–2014.
Aftermath
L&T Infotech continued with a clearer focus on IT services and consulting, while L&T Technology Services developed the transferred engineering business.
Recent events
TestMu AI unveils fifth edition of TestMu Conference 2026[2]
Reported:
TestMu AI (formerly LambdaTest) announced the fifth edition of its flagship TestMu Conference, a virtual event scheduled for August 19–21, 2026, expected to host over 75,000 developers and quality engineers from more than 120 countries, with 80+ sessions on agentic AI workflows, autonomous quality engineering, and AI-native testing.
TestMu AI unveils fifth edition of TestMu Conference 2026[3]
Reported:
TestMu AI (formerly LambdaTest) announced the fifth edition of its flagship TestMu Conference, a virtual event scheduled for August 19-21, 2026, expected to host over 75,000 developers and quality engineers from more than 120 countries, with partners including Accenture, Capgemini, LTIMindtree, Microsoft, Persistent and Wipro.
- Unconfirmed
L&T Infotech appoints Anil Rander as CFO[4]
Reported:
The board of Larsen & Toubro Infotech approved Anil Rander's appointment as the company's Chief Financial Officer and Key Managerial Personnel.
Sources4 sources
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