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LTIMindtree Wins $450 Million Agribusiness IT Deal

2025-05-16

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.