Dear Shareholders,
It is with great pleasure that I present the LTIMindtree Integrated Annual Report for the fiscal year 2023-24.
Backed by a rich history of growth and innovation, we have cultivated a powerful brand, one that points to a vibrant future characterized by value creation. Our journey has been marked by an unwavering dedication to delivering consistent business outcomes, even amidst radical change, macro and geopolitical uncertainties, and a rapidly evolving technological landscape.
Central to our ability to lead amidst change is our high-performance culture, where each member of our team is valued, engaged, and driven by a shared purpose. We foster an environment of continuous learning, innovation, and integrity, where everyone is encouraged to take on leadership roles and contribute to our shared vision.
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. We help empower our clients with future-driven growth strategies supported by engineering, research, and incubation opportunities. Through 2023-24, we have evangelized emerging technologies like Generative AI, Explainable AI, Zero Trust Architecture, Platforms at Scale, and Quantum technologies. The integration of Generative AI across industries and practices is paving the way for a value-aligned Enterprise AI strategy and aligns with LTIMindtree’s commitment to innovation.
In the current year, LTIMindtree will continue to build an ecosystem that prepares us for technologies that are set to disrupt industries and businesses. This preparation involves enabling flawless delivery through deep engineering processes, enhancing cyber defense resiliency, and making continued, forward-looking investments in Generative AI, 5G, Industry 4.0, and Quantum computing. By infusing intelligence, insight, and innovation into every facet of our work, we continue to enhance our relevance, achieve our strategic business objectives, and create exceptional value for all our stakeholders.
Looking ahead, we aspire to leverage the power of technology to create meaningful connections that are intimate, warm, and empathetic. By blending technology with human emotions, we believe we can create transformative experiences that bring people closer together and foster a sense of unity and understanding. We are committed to achieving net-zero emissions by leveraging renewable energy sources, implementing effective waste management strategies, and focusing on the principles of a circular economy to create a sustainable and environmentally friendly business.
As we continue our growth journey as an at-scale, top-tier player, our commitment to preserving the values and principles that have shaped our identity remains resolute. With a shared vision and a strong sense of purpose, we aim to create a limitless future for all our stakeholders. Your unwavering support and confidence in our abilities have been instrumental in our ongoing successful journey. I would also like to extend my heartfelt gratitude to our clients, partners, and people for their constant support and collaboration.
On a personal note, as most of you are already aware, I will be stepping down as Founder Chairman of LTIMindtree, effective the 28th AGM of the Company. As I reflect on the past, I feel grateful to have spearheaded the successful merger of two leading consulting and digital solutions companies to create a formidable force in the industry — one that is driving L&T's technology-driven vision for growth and diversification.
I look forward to your continued partnership in powering the next phase of our growth as LTIMindtree.
Warm regards,
A.M. Naik
Founder Chairman