+
LTIMindtree Wins $450 Million Agribusiness IT Deal
ECONOMY & POLICY

LTIMindtree Wins $450 Million Agribusiness IT Deal

LTIMindtree has secured a landmark $450 million contract with a global agribusiness leader, marking the largest deal in the company’s history. The seven-year agreement will see the firm deploy an AI-powered operating model to provide application management, infrastructure support, and cybersecurity services.

The new digital model, underpinned by platforms such as SAP S/4HANA, Microsoft Azure, and ServiceNow, as well as LTIMindtree’s proprietary AI frameworks, aims to boost the client’s operational efficiency, scalability, and global expansion capabilities.

Announcing the deal on Monday, LTIMindtree highlighted its strategic significance amid macroeconomic challenges currently affecting the IT services industry.

“Securing this large deal marks a pivotal milestone as we transform into an AI-driven business model, helping our clients enhance productivity,” said Venu Lambu, Chief Executive Officer (Designate) and Whole-Time Director.

Nachiket Deshpande, President of Global AI Services and Strategic Deals, added, “Winning this important deal underscores our strength in crafting innovative solutions and delivering with excellence.”

Samir Gosavi, Chief Business Officer – Retail and CPG, described the contract as a major breakthrough for the firm’s consumer services division. “Our AI-driven operating model will deliver measurable business impact in a rapidly evolving industry,” he said.

LTIMindtree, India’s sixth-largest IT services provider, recently reported a consolidated net profit of Rs 1.13 billion for the March 2025 quarter, up 2.6 per cent year-on-year. Revenue rose 10 per cent to Rs 97.72 billion from Rs 88.93 billion a year earlier.

For the full financial year FY25, revenue grew 7 per cent. The company also reported annual order inflow of $6 billion, representing a 6 per cent increase compared to the previous year.

LTIMindtree has secured a landmark $450 million contract with a global agribusiness leader, marking the largest deal in the company’s history. The seven-year agreement will see the firm deploy an AI-powered operating model to provide application management, infrastructure support, and cybersecurity services.The new digital model, underpinned by platforms such as SAP S/4HANA, Microsoft Azure, and ServiceNow, as well as LTIMindtree’s proprietary AI frameworks, aims to boost the client’s operational efficiency, scalability, and global expansion capabilities.Announcing the deal on Monday, LTIMindtree highlighted its strategic significance amid macroeconomic challenges currently affecting the IT services industry.“Securing this large deal marks a pivotal milestone as we transform into an AI-driven business model, helping our clients enhance productivity,” said Venu Lambu, Chief Executive Officer (Designate) and Whole-Time Director.Nachiket Deshpande, President of Global AI Services and Strategic Deals, added, “Winning this important deal underscores our strength in crafting innovative solutions and delivering with excellence.”Samir Gosavi, Chief Business Officer – Retail and CPG, described the contract as a major breakthrough for the firm’s consumer services division. “Our AI-driven operating model will deliver measurable business impact in a rapidly evolving industry,” he said.LTIMindtree, India’s sixth-largest IT services provider, recently reported a consolidated net profit of Rs 1.13 billion for the March 2025 quarter, up 2.6 per cent year-on-year. Revenue rose 10 per cent to Rs 97.72 billion from Rs 88.93 billion a year earlier.For the full financial year FY25, revenue grew 7 per cent. The company also reported annual order inflow of $6 billion, representing a 6 per cent increase compared to the previous year.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code