LTIMINDTREE JOURNEY
DRIVING GROWTH AND
EFFICIENCY THROUGH
MERGER SYNERGY
The strategic merger of LTI and Mindtree has brought opportunities for the combined organization. LTIMindtree is leveraging the complementary strengths of the two companies to drive revenue growth and has already achieved operational excellence by simplifying and optimizing internal processes, IT systems, and policies as a part of this merger.

DRIVING GROWTH
THROUGH CROSS-SELLING

TALENT
UTILIZATION

ENHANCED
PURCHASING POWER

GLOBAL REACH

OPERATIONAL EXCELLENCE
AND SIMPLIFICATION

MESSAGE FROM THE
SENIOR LEADERSHIP TEAM
Welcome to LTIMindtree's Integrated Annual Report, a testament to our unwavering commitment to innovation, collaboration, and excellence. As we navigate the ever-evolving landscape of technology and business, our vision for a "Limitless Future. Faster. Together." demonstrates our collective spirit of curiosity and discovery, propelling us towards uncharted territories."
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CHAIRMAN’S MESSAGE
In this age of technology disruption, LTIMindtree comes with a forward-looking approach that embraces current and emerging technologies. Our 81,000+ team of enthusiastic individuals is driven by curiosity and a desire to explore new horizons."
A.M. NAIK Founder Chairman
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CHIEF EXECUTIVE OFFICER & MANAGING DIRECTOR’S MESSAGE
As a global digital transformation behemoth arising out of the merger of erstwhile LTI and Mindtree, we harnessed the winds of change to reimagine businesses and unlock new possibilities by placing the most optimal intelligence, insights, innovation, and investments at the core of value."
DEBASHIS CHATTERJEE CEO and Managing Director
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WHO WE ARE
UNLOCKING NEW OPPORTUNITIES
As one of the world’s leading technology consulting and digital solutions enterprise, LTIMindtree enables businesses across diverse sectors to harness the power of digital technology to deal with complex business challenges, innovate at scale and drive tangible business outcomes.
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FY24 OPERATIONAL FACTS

USD 0 Billion REVENUE

0+ CLIENTS

0 COUNTRIES ACROSS
5 CONTINENTS

PURPOSE

Solve to unleash
possibilities

VISION

Enabling businesses and communities to flourish in a hyperconnected world

CORE VALUES

  • Be driven by purpose
  • Act with compassion
  • Be future-ready
  • Deliver impact
SERVICE OFFERINGS
ACCELERATING DIGITAL
TRANSFORMATION
Interactive

LTIMindtree is a leader in curating engaging and immersive experiences tailored for global brands. Our forte lies in building outcome-driven experiences for customers, partners, and employees, leveraging omni-channel journeys to increase reach, enhance engagement, and drive sales.

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DATA AND ANALYTICS

Enterprises today understand the indispensable role of data and analytics in driving transformations. LTIMindtree is disrupting this space by re-imagining core processes to drive speed, efficiency, compliance, and outcomes at scale.

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ENTERPRISE AI

AI is the future, and LTIMindtree’s Enterprise AI practice is helping enterprises across the globe get to the future, faster. Together.

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CLOUD AND DIGITAL INFRASTRUCTURE

LTIMindtree's Cloud and Infrastructure Services are at the forefront of driving impactful digital transformation, seamlessly integrating Gen AI and advanced infrastructure management with sustainability as our core commitment.

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CYBERSECURITY

At LTIMindtree, we follow a customer-centric approach to create cybersecurity solutions that help our clients build resilient enterprises. We offer platform-based enterprise cybersecurity solutions, that are proactive, predictive, and cognitively autonomous.

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DIGITAL ENGINEERING

Digital Engineering brings a transformative approach to modernize and enhance businesses through technology. With its offerings it aims to aid organizations in their modernization and transformation journey.

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iNXT

LTIMindtree’s iNXT brings digital transformation strategies to life with IoT-enabled and AI-powered solutions to drive both operational efficiency and sustained growth for our clients.

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PLATFORM OPERATIONS

Our Platform Operations offering simplifies and optimizes the handoff process between IT and operations for enterprises. Each firm has unique requirements for managing operations, and we help organizations with end-to-end operations management as part of our initiatives.

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iNXT GEOSPATIAL ENGINEERING

Geospatial enables workflows and information exchange for engineers, project managers and c-suite leaders in a variety of organizations — including government agencies, construction firms, utilities, telecom providers, smart cities, mining and so on.

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ENTERPRISE CLOUD APPLICATIONS

LTIMindtree’s Enterprise Cloud apps unit empowers businesses with services related to ServiceNow, Microsoft Dynamics, and Disruptive SaaS Products.

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CONSULTING SERVICES

LTIMindtree has established a robust Consulting division that transcends traditional boundaries, offering comprehensive digital and technology advisory services.

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HYPER AUTOMATION

At LTIMindtree, we unlock the full potential of Hyper automation for our clients, crafting bespoke ecosystems tailored to industry-specific needs and cross-functional applications.

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QUALITY ENGINEERING SERVICES – TESTING

LTIMindtree’s dedicated quality engineering practice focuses on innovation and re-imagining quality engineering excellence to enhance customer delight.

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GLOBAL FOOTPRINT
OPERATING SEAMLESSLY
ACROSS GEOGRAPHIES

0

NO. OF OFFICES

0

NO. OF COUNTRIES

0

NO. OF NATIONAL LOCATIONS

0

NO. OF INTERNATIONAL LOCATIONS

Map not to scale
Note: Numbers in brackets represent number of offices present in the respective city

INDUSTRIES SERVED
FOCUSING ON VERTICAL
APPROACH TO GROW OUR
BUSINESS
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BANKING AND FINANCIAL SERVICES (BFS)

INSURANCE

HI-TECH & SERVICES

COMMUNICATIONS, MEDIA, AND ENTERTAINMENT

MANUFACTURING AND RESOURCES

ENERGY

UTILITIES

RETAIL AND CONSUMER PACKAGED GOODS (CPGs)

TRAVEL, TRANSPORT, AND HOSPITALITY

HEALTHCARE

LIFE SCIENCES

PUBLIC SERVICES

REVENUE DISTRIBUTION
BY INDUSTRY
VALUE CREATED FOR STAKEHOLDERS
GENERATING POSITIVE
OUTCOMES FOR EVERYONE
Investors

Delivering greater than average return on investments through dividends and share value appreciation.

USD 5.64 Billion ORDER BOOK VALUE

15.7%

INR 355,170 Million REVENUE

7.0% REVENUE GROWTH

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Clients

Helping clients meet their digital transformation requirements through robust delivery.

Strengthened long-standing relationship with marquee clients

5.85 CUSTOMER SATISFACTION RATING

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People

We provide our employees a safe, inclusive, and nurturing workplace, and invest in their training, education, and well-being, fostering both personal and professional growth.

6.5 Days AVERAGE LEARNING PER EMPLOYEE

14.4% ATTRITION RATE

30.69% FEMALE EMPLOYEES

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Communities

We give back to our communities through employment generation, infrastructure support and proactive CSR initiatives that promote inclusive development.

598,698 BENEFICIARIES FOR THE YEAR ENDED MARCH 31, 2024*

21 PROJECTS

57 NGO PARTNERS

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Partners and Suppliers

Robust industry relationships ensure an unbroken supply chain that meets LTIMindtree’s requirements in a mutually beneficial business model.

28% OF TOTAL PROCUREMENT FROM MSME VENDORS (FROM INDIA)

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Environment

At LTIMindtree, all our activities are backed by a strong sense of responsibility towards the environment.

INR 5,058,480 ENVIRONMENTAL CAPEX SPEND

673.85 MT (92.14%) RECYCLED WASTE

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Y-O-Y GROWTH
* The total no. of CSR beneficiaries as at March 31, 2024 (cumulative) w.r.t baseline year FY19 is 1,598,698
KEY PERFORMANCE INDICATORS
MAKING CONSISTENT STRIDES FORWARD
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Despite the slowdown in major markets, reduced tech budgets of customers, falling industry growth and other challenges, we achieved growth across all facets of the business.
NET WORTH (INR IN MILLION)
200,264
14.6% CAGR
MARKET CAPITALIZATION (INR IN MILLION)
1,461,811
8.6% CAGR
REVENUE (INR IN MILLION)
355,170
14.9% CAGR
EBITDA (INR IN MILLION)
63,874
9.8% CAGR
PROFIT AFTER TAX (INR IN MILLION)
45,846
10.7% CAGR
CSR SPEND (INR IN MILLION)
807
EPS (BASIC) (INR)
154.85
10.6% CAGR
EPS (DILUTED) (INR)
154.48
10.7% CAGR
RETURN ON EQUITY (IN %)
25.0
DIVIDEND PAID (INR IN MILLION)
17,753
21.3% CAGR
NO. OF EMPLOYEES
81,650
Case Studies

STREAMLINING DOCUMENT MANAGEMENT FOR A LEADING AMERICAN UTILITY VEHICLE MANUFACTURER

% REDUCTION IN DIGITIZATION COST

0% DIGITIZATION OF SHIPMENT DOCUMENTS

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SCALING FINANCE, RISK AND REGULATORY DATA MANAGEMENT FOR A GLOBAL BANK

0+ USE CASES FOR DATA MONETIZATION ACROSS 7 LOBS IMPLEMENTED

0% REDUCTION IN MANUAL EFFORT IN DATA ADJUSTMENT AND MANUAL FEEDS FOR REPORTING

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PRICE TRANSFORMATION AND QUOTE EFFICIENCY FOR A GLOBAL MANUFACTURING CONGLOMERATE

70% REDUCTION IN THE AGREEMENT CONFIGURATION TIME, FROM WEEKS TO DAYS

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SEAMLESS ERP IMPLEMENTATION FOR A LEADING MEDICAL DEVICES COMPANY

In-time delivery WITH ZERO DEFECTS

Scalable products WITH LOW MAINTENANCE COSTS

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PIONEERING CONSUMER AND COMMERCIAL CARD PLATFORMS FOR A MULTINATIONAL FINANCIAL SERVICES COMPANY

60% INCREASE IN THE NUMBER OF DIGITAL TRANSACTIONS 

New mobile applications ACROSS 20+ COUNTRIES WITH MULTILINGUAL SUPPORT

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REVOLUTIONIZING FINANCIAL OPERATIONS FOR A US-BASED GLOBAL CONSUMER GOODS LEADER

90% FORECASTING ACCURACY FOR 200+ BUSINESS UNIT / CORPORATE FORECASTERS

30% SAVINGS IN INFRASTRUCTURE AND OPERATIONAL COST

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ACHIEVING INFRASTRUCTURE MODERNIZATION WITH AZURE SERVICES THROUGH PIPELINE DRIVEN MIGRATION

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MESSAGE FROM THE GLOBAL HEAD – SUSTAINABILITY
Our ESG directive mirrors a strategic shift towards purposeful decision-making, reshaping core elements of our internal operations and organizational ethos, driving tangible advancements in environmental responsibility, empowering our people and communities. With unwavering commitment, every action is now a benchmark of transformation. “

PANEESH RAO
Chief Sustainability Officer, LTIMindtree

ESG TARGETS AND PERFORMANCE
BRIDGING THE GAP TO BUILD A BETTER TOMORROW
Our targets give us impetus to plan and build a better world by alleviating major global challenges in the realm of ESG.
ENVIRONMENT
GREENING OUR ECOLOGICAL FOOTPRINT

Net zero by 2040 85%+ RENEWABLE ENERGY USE BY 2030 

100% ~WASTE RECYCLING BY 2030

Scale up OF GREEN TECH OFFERINGS TO CLIENTS

Water positive BY 2030

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SOCIAL
COLLABORATING TO DRIVE SOCIAL CHANGE

40% WOMEN IN WORKFORCE

15% WOMEN IN LEADERSHIP BY 2030

BECOME EMPLOYER OF CHOICE FOR PWD, LGBTQ+, VETERANS AND GREAT PLACE TO WORK FOR ALL; 50%+ LOCAL NATIONALITIES IN MAJOR COUNTRIES OF BUSINESS BY 2030

PROMOTE AND CREATE AN ECOSYSTEM OF DIVERSE SUPPLIERS; 10% SUPPLIER BASE TO BE MINORITY OWNED BUSINESSES

IMPACT 4 Million+ LIVES POSITIVELY IN THE COMMUNITY BY 2030

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GOVERNANCE
GREATER ACCOUNTABILITY DRIVING RAPID PROGRESS

Diversify our Board ACROSS GENDER, NATIONALITY AND BACKGROUND

Link ESG TO EXECUTIVE COMPENSATION

Continue to train 100% ASSOCIATES, PARTNERS, AND SUPPLIERS ON BUSINESS ETHICS & DATA PRIVACY

Maintain ROBUST COMPLIANCE, INTEGRITY PRACTICES & KEY CERTIFICATIONS

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OUR APPROACH TO VALUE CREATION
BUSINESS MODEL
HARNESSING STRENGTHS TO ACHIEVE SUSTAINED VALUE 
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OPERATING CONTEXT
SEIZING GROWTH OPPORTUNITIES
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STAKEHOLDER ENGAGEMENT
STAYING COMMITTED TO GROW TOGETHER
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MATERIALITY
DETERMINING WHAT IS RELEVANT TO OUR STAKEHOLDERS
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RISK MANAGEMENT
SAFEGUARDING AGAINST UNCERTAINTIES 
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DOWNLOAD CENTRE

Awards & Recognitions

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Management Discussion and Analysis

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Business Responsibility and Sustainability Report

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Statutory Reports

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Financial Statements

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Notice of AGM

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