Act in the spirit of the law and not just the letter of the law
Act in the spirit of the law and not just the letter of the law
Provide complete transparency in operations
Do what is right and not what is convenient
Follow openness in communication with stakeholders
Our governance structure is built to facilitate effective and transparent business conduct. Guided by our unwavering commitment to our governance principles, we endeavor to deliver sustainable, long-term value for all our stakeholders, including shareholders, employees, business partners, and society at large.
We have adopted governance policies for the Board of Directors, key managerial personnel and senior management including appointments, remuneration and evaluation, and conflicts of interest.
Our strategy is to institutionalize governance to align with our responsible business.
Governance by Shareholders Shareholders appoint and authorize the Board of Directors to conduct business with objectivity and ensure accountability.
Governance by the Board and Committees The Board leads the strategic management on behalf of the stakeholders, exercises supervision through direction and control, and appoints various committees to handle specific areas of responsibilities.
Governance by Executive Management The executive management and Board Committees take up specific responsibilities and day-to-day tasks to ensure that all activities are in accordance with the strategies and targets set by the Board.
The Board decides on the Company’s strategy and exercises control over its operations. The longterm performance of the Company is dependent upon the effectiveness with which the Board sets this strategic direction; reviews and assesses the initiatives taken in pursuance of this strategy; and assesses and understands issues and risks that determine the Company’s performance.
In its supervisory capacity, the CSR Committee of the Board monitors corporate performance and the behavior of the executive team. This oversight includes strategy development, its design, and implementation, and tracking the effectiveness of the programs and results. The Board members actively discuss various ESG initiatives of the Company and encourage the senior management to go beyond regulatory requirements in their bid to create value for the long term.
As the ultimate decision-making body, the Board plays a pivotal role in defining the Company’s strategic direction and exercising control over its affairs. At LTIMindtree, we believe that the diversity and expertise of our Board are essential to our success. By leveraging this collective wisdom, we can continue to deliver innovative solutions to our customers and create long-term value for all our stakeholders.
Skill Cluster | Expert^ | Proficient^ |
---|---|---|
Strategy & Planning | 10 | - |
Governance, Risk and Compliance | 10 | - |
Finance, Accounts and Audit | 8 | 2 |
Global Experience/International Exposure | 5 | 5 |
Information Technology | 4 | 6 |
Client Engagement* | 3 | 1 |
Stakeholder Engagement and Industry Advocacy* | 3 | 1 |
Contributor and Collaborator | 9 | 1 |
*Not applicable for Independent Directors
^Skills have been mapped for directors who have served
throughout the year
(Including 1 Woman Independent Director)
As per the requirements of the law, various committees have been constituted by the Board for the purpose of monitoring governance at LTIMindtree. The Board Committees review the terms of reference as prescribed under the Regulations and update the Board periodically. The Board Committees are:
Chairman
NRC SICNon-Executive Director
AC SICCEO & Managing Director
CSR SRC RMC SICCEO (Designate) and Whole-time Director
SRCPresident - Global AI Services, Strategic Deals and Partnerships and Whole-time Director
Independent Director
NRC CSRIndependent Director
ACIndependent Director
RMCIndependent Director
NRC CSRIndependent Director
AC SRCIndependent Director
AC RMCThese Committees meet at frequent intervals to discuss their relevant focus areas. All ground level inputs and stakeholder feedback (including critical concerns, issues and outputs of stakeholder consultation) are reviewed and discussed by these Board Committees. We firmly believe that this robust governance structure will uphold the prized trust and confidence bestowed upon us by our stakeholders.
Chairman
Mr. S. N. Subrahmanyan (SNS) is the Chairman & Managing Director of Larsen & Toubro, a multi-billion-dollar conglomerate, spanning across Engineering, Infrastructure, Information Technology and Financial Services. He also holds diverse leadership positions as Chairperson of L&T Finance Holdings Ltd. and Chairman of LTIMindtree, L&T Technology Services, and L&T Metro Rail (Hyderabad) Limited.
SNS, over the years, has played a pivotal role in guiding the Company's infrastructure business to become the largest in India and among the biggest globally. Now he is focused on driving L&T's diverse business interests towards new heights by leveraging the power of digitalization, technology, transition to green energy and fostering a people-centric culture. This multi-pronged approach has already started pivoting L&T into a techdriven engineering solutions and services powerhouse.
Hailing from Chennai, SNS embarked on his professional journey with L&T in 1984 as a Project Planning Engineer with a degree in Civil Engineering from the National Institute of Technology, Kurukshetra and a postgraduate degree in Business Management from Symbiosis Institute of Business Management, Pune. He furthered his education with an Executive Management Programme from the London Business School. Mentored by industry stalwarts, he took on roles of increasing responsibility across various business verticals and joined the L&T Board in 2011.
Notable achievements under SNS's leadership include the execution of diverse projects like the Statue of Unity, ITER, Dual Feed Crackers, Offshore Platforms, K9 Vajra, Atal Setu, Ayodhya Ram Mandir, in the offing Bullet Train and more – each recognized for being the ‘tallest’, ‘largest’, ‘longest’, ‘smartest’, ‘most complex’, or ‘first’ in their respective categories. His entrepreneurial mindset propelled L&T into untapped geographies, including the Middle East, Africa, and ASEAN, establishing the Company’s credentials globally. This has led to L&T being recognized among Asia’s Most Honored Companies by Institutional Investor, the Company of the Year by Business Standard in 2020, among the World’s Best Employers on the Forbes' list and one of India’s Best Employers among Nation-Builders in 2023 by the Great Place to Work (GPTW) institute.
SNS himself has garnered numerous accolades. He won the Eminent Engineer award from the Engineering Council of India in 2024. Apart from being featured on the cover of Fortune magazine’s October 2023 edition as India’s Best CEO, he is also the winner in the Infrastructure & Engineering category of the Business Today-PwC India’s Best CEOs ranking in March 2022, was ranked 8th in the Construction Week Power 100 Ranking for 2022 and was honored as the Infrastructure Person of the Year in 2012. In 2020, he achieved the Top CEO (Sell Side) and the 3rd Best CEO (Overall) in the All-Asia Executive Team Survey conducted by Institutional Investor and recognized as the CEO of the Year by the leading Indian news channel, CNBC-Awaaz. His exemplary leadership was also recognized with the Emergent CEO Award in 2019, and he received the Leading Engineering Personality Award from the Institution of Engineers (India) in 2014.
SNS holds prominent positions within various industry bodies, construction institutions and councils, showcasing his influential presence in these domains. As one of the nine founding members of the Climate Finance Leadership Initiative (CFLI) India, he actively contributes to bringing global scale and influence to this significant initiative. Additionally, he serves as the regular honorary chairperson of the Board of Governors at the National Institute of Technology-Rourkela, a position bestowed upon him by the Education Ministry. In February 2021, he was appointed by the Union Ministry of Labour & Employment as the Chairman of the National Safety Council for two years. In this capacity, he guided the council in playing a crucial role in ensuring workplace safety under the new Occupational Safety, Health, and Working Conditions Code, 2020 (OSH Code, 2020).
Beyond his professional pursuits, SNS embodies a diverse range of interests that reveal the multi-faceted dimensions of his personality. A cricket aficionado and a passionate runner, he emphasizes the importance of physical activity through his daily walks and runs. Notably, his appreciation extends beyond sports and fitness, as he also finds solace and passion in the world of Western classical music.
CEO & Managing Director
Mr. Debashis Chatterjee (DC) is the CEO and Managing Director at LTIMindtree. A seasoned professional with over three decades of experience in driving profitable growth for leading IT companies, DC has been instrumental in building and executing strategies to meet the evolving needs of customers and delivering technology services worldwide.
DC’s forte lies in building high-performance businesses, driving strategic alliances and M&A, and ensuring enterprise change and delivery management across industries, technologies, and geographies. He firmly believes in the enduring potential of the Indian IT services industry and encourages a culture of innovation and collaboration.
DC values assembling the right teams, inspiring them with a vision, and empowering them to achieve their goals. He takes a keen interest in leadership development and succession planning.
At LTIMindtree, DC focuses on utilizing industry and technical expertise in a complementary manner, ensuring a distinctive core experience edge value proposition at scale.
Having started his IT career with TCS, DC’s experience spans positions in organizations such as Cognizant Technology Solutions and IBM, showcasing extensive industry expertise and a breadth of experience. His educational background includes a Bachelor’s degree in Mechanical Engineering from Jadavpur University.
DC has served twice as a member of the Executive Council at NASSCOM. He has been a keynote speaker at several prestigious associations and institutes, including CII, MIT Sloan School of Management, IIM Ahmedabad, ISB, and Jadavpur University.
CEO (Designate) and Whole-time Director
Mr. Venugopal Lambu (Venu) is a visionary leader with over 30 years of experience in driving strategy and hyper-growth in the Technology and Services industry. He has a proven track record of enabling businesses to transition to digital, building and managing high-performance teams, and executing successful business turnaround initiatives.
A recognized thought leader, Venu has been a strong advocate for the value propositions of applications, cloud services, infrastructure, and edge computing. Passionate about AI adoption, he deeply believes that AI can unlock significant productivity across large enterprises. A strong believer in the power of people, Venu fosters a culture of empowerment, collaboration, and continuous learning. He is known for his ability to build high-performing teams that thrive on trust, innovation, and a shared vision for success. He is a member of the Forbes Technology Council and chairs multiple customer advisory councils across North America and Europe.
Before rejoining LTIMindtree, Venu served as the CEO of Randstad Digital, the USD 3 Billion digital arm of Randstad, focused on enabling digital talent across global clients and leveraging Global Capability Centers (GCCs) in India to drive revenue through a people-centric approach.
During Venu’s prior association with the Company from October 2020 to January 2023, he led global markets, delivering consistent and profitable growth of 5 times, creating one of the industry’s best enterprise value creation case studies. In his earlier roles, he has also held leadership positions at Cognizant, HCL Technologies, and IBM.
He holds a Bachelor’s degree in Electronics Engineering from the National Institute of Engineering, Mysore, India and General Management Certification from the London Business School.
Non-Executive Director
Mr. R. Shankar Raman is a qualified Chartered Accountant and a Cost Accountant. Over the past 41 years, Mr. Shankar Raman has worked in varied capacities in the field of Finance. He is currently the President, Whole-time Director & Chief Financial Officer of Larsen & Toubro Limited.
Mr. Shankar Raman joined L&T Group in November 1994 to set up L&T Finance Limited, a wholly owned subsidiary of Larsen & Toubro Limited.
Over the years, Mr. Shankar Raman has assumed responsibilities to oversee the entire Finance function at the Group level, including functions like Risk Management, Investor Relations, Mergers & Acquisitions and Legal. He was appointed as Chief Financial Officer of Larsen & Toubro Limited in September 2011 and subsequently elevated to the Board on October 1, 2011. He is also on the Board of Management of several companies within the L&T Group.
Mr. Shankar Raman has been the recipient of several awards, such as Best CFO of Asia in the Industrial Sector in a survey conducted by the prestigious New York-based Institutional Investor magazine, winner of Best CFO awards from CNBC TV18, Financial Express, and Business Today. He is also the recipient of the Lifetime Achievement Award in the field of Finance from Financial Express.
Mr. Shankar Raman is presently a member of the Advisory Committee to the Insolvency and Bankruptcy Board of India (IBBI) on Corporate Insolvency & Liquidation and a member of the SEBI-Corporate Bonds and Securitization Advisory Committee (CoBoSAC).
President - Global AI Services, Strategic Deals and Partnerships and Whole-time Director
Mr. Nachiket Deshpande (Nachiket) stands at the forefront of LTIMindtree’s strategic vision as the President of Global AI Services, Strategic Deals and Partnerships. With a keen focus on customer-centricity and a comprehensive approach to innovation, Nachiket has been pivotal in redefining how businesses can leverage artificial intelligence to navigate the complexities of a dynamic business landscape.
Under his leadership, LTIMindtree has established a robust AI Services framework encompassing AI Advisory, AI Engineering, and outcome-based Platform Operations reimagined through the lens of AI. He is responsible for driving growth in the ‘New AI Economy’ and delivering integrated solutions that resonate deeply with clients’ evolving needs.
Nachiket’s expertise in building strategic relationships is evident in his spearheading of complex, multi-year client engagements. His ability to understand and anticipate client requirements ensures the delivery of tailored, innovative solutions that not only meet but exceed expectations.
He plays a crucial role in leading strategic initiatives that enable LTIMindtree to expand quickly and effectively into new markets. His forward-thinking approach has helped the Company acquire several businesses, thereby enhancing the Company’s competitive edge. Noteworthy acquisitions under his stewardship include Cuelogic, Powerupcloud, Lymbyc, and Syncordis, alongside his significant contributions to the operational integration during the merger of LTI and Mindtree.
Nachiket has held various leadership positions in the technology sector and has seen its evolution over the years. He is passionate about technology and loves talking about how it can bring innovation to businesses and day-to-day life. Nachiket believes that technology has the power to transform the way we live and work, and he is always eager to share his insights and expertise on the subject.
At LTIMindtree, Nachiket is recognized as a chief problem solver, constantly inspiring his team and mentees to embrace a culture of innovation for the greater good.
Independent Director
Mr. Sanjeev Aga spent his formative business years with Asian Paints in field sales and marketing responsibilities. He later headed the Furniture and Leo-Mattel Toys businesses of the erstwhile BlowPlast, now VIP Industries, before leading that company as MD from 1993 to 1998. Subsequently, Mr. Aga was Managing Director of Aditya Birla Nuvo, and later, the Managing Director of Idea Cellular in its breakout years, before he stepped down in 2011.
In 2009, Mr. Aga received the ET Award for The Emerging Company of the Year on behalf of Idea Cellular. In the same year, Indira Innovation named him CEO of the Year, and in 2010, TeleNet felicitated him for Outstanding Contribution to the Telecom Sector. In 2010, Forbes magazine shortlisted Mr. Aga for the Person of the Year. The Scindia School conferred upon him the Madhav Award 2014 for the Old Boy of Eminence.
Mr. Aga now engages in advisory and Board roles for reputed corporates and not-for-profit organizations. He also serves on the Board of other listed and unlisted companies.
Mr. Aga did his schooling from Scindia School, Gwalior, graduated with Physics Honors from St. Stephen’s College, Delhi and is a Business Management postgraduate from IIM Calcutta.
Independent Director
Mr. James Abraham is the Co-Founder of Mynzo Carbon, which has developed a platform to guide companies to get to Net Zero.
He was one of the Founding Partners of the Boston Consulting Group (BCG) in India from 1998 to 2009, leading the expansion of the firm into New Delhi. He has been involved across sectors including power, transport, infrastructure, telecom, and consumer goods, covering a range of issues from business planning and acquisitions to organization development and financial structuring.
He later led SunBorne Energy and co-founded SolarArise, developed utility-scale solar-power plants. SolarArise was one of the earliest to adopt solar tariffs that were lower priced than fossil fuels. In 2022, the firm was sold to a listed Investment Trust in the UK.
Mr. Abraham is a fellow of the Aspen Global Leadership Network, the Kamalnayan Bajaj Fellowship of the Ananta-Aspen Center, and a senior moderator of Aspen’s leadership programs. He is on the Board of the Ananta Center in India and chairs the Center’s Leadership Committee. He also serves on the Board of other listed and unlisted companies.
Mr. Abraham earned a Bachelor of Science degree in Electrical Engineering from the University of Waterloo, an MBA from Wharton, and an MA (International Relations) from Johns Hopkins University.
Independent Director
Born in 1959, Mr. Vinayak Chatterjee graduated in Economics (Hons.) from St. Stephen’s College, Delhi University (1976-1979) and did his MBA from the Indian Institute of Management Ahmedabad (1979 – 1981). He co-founded Feedback Infra Pvt. Ltd., a consulting-engineering company, in 1990 and served as its Chairman from 1990 to 2021. Since stepping down from active management, he now devotes his time and energy to infrastructure policy, advocacy, and capacity building. To this end, he recently founded The Infravision Foundation, where he serves as Managing Trustee.
Mr. Chatterjee has often been called upon to play a strategic advisory role for leading domestic and international corporates, the Government of India, various ministries dealing with infrastructure, as well as multilateral and bilateral institutions in the areas of infrastructure policy, planning and implementation. He is one of the leading proponents of the Public- Private Partnership (PPP) model for developing India’s infrastructure. One of his more recent engagements with the Government of India relates to being a member of the committee on setting up a DFI (Development Finance Institution). He has also chaired various Infrastructure Councils at the national level of the Confederation of Indian Industry (CII) since 2001.
In 1998, the World Economic Forum at Davos recognized Mr. Chatterjee as one of the 100 Global Leaders of Tomorrow. In 2011, the Indian Institute of Management Ahmedabad conferred on him the Distinguished Alumnus Award.
He is on the Board of Directors of Apollo Indraprastha Hospital, Delhi, Apollo HealthCo, KEC International Limited, and is also an advisor to some infra companies.
Mr. Chatterjee is a well-read columnist and writes a monthly column on infrastructure for Business Standard called ‘INFRATALK’. He has authored a book titled, ‘Getting it Right – India’s Unfolding Infrastructure Agenda’, published in 2011.
Independent Director
Ms. Apurva Purohit is an Indian businesswoman with over three decades of experience in the corporate world, where she formed significant partnerships with private equity firms and promoters to build and scale up a diverse set of businesses – from early stage fledgling businesses, to setting up new ventures, to supervising turnarounds in mature and declining organizations.
She also serves on the Board of other listed and unlisted companies. Ms. Purohit has recently launched Aazol Ventures Private Limited, a consumer products company, which aims to create a market for traditional food items made by self-help groups and micro-entrepreneurs, by reconnecting Indian consumers with their roots and the local food of their regions.
Ms. Purohit has been a leading voice in the Indian business landscape, advocating gender diversity, probing what ails it, and what organizations and leaders can do to improve this critical imperative. She is also the author of two national bestsellers, ‘Lady, You’re Not a Man – the Adventures of a Woman at Work’ and ‘Lady, You’re the Boss!’.
Ms. Purohit has won multiple business awards and has been named as one of the Most Powerful Women in Business by the India Today Group and Fortune India over several years. She was awarded the Distinguished Alumni Award by IIM Bangalore in 2022.
She holds a Bachelor’s degree in Science (Physics) and completed her PGDM from IIM Bangalore.
Independent Director
Mr. Bijou Kurien is a highly regarded consumer leader with more than 40 years of experience in developing brands, businesses, and establishing organizations. He has worked with prominent brands in the fastmoving consumer products, consumer durables, and retail sectors in India. Upon completing his PGDBM at XLRI Jamshedpur, he began his career at Hindustan Unilever as a Management Trainee in 1981. Throughout his accomplished tenure of more than six years, he held multiple positions in sales and marketing.
Subsequently, he transitioned to Titan, the largest manufacturer and marketer of watches and jewelry in India. He contributed to the start-up team, assisting in the creation of some of India’s most sought-after lifestyle and accessories brands, and played a key role in building the largest exclusive brand retail chains. During his 19 years at Titan, he contributed significantly to the company’s success and established the groundwork for India’s most valued consumer lifestyle brands.
Motivated by the chance to establish a new standard in Indian retail, he took on the role of President & CEO at Reliance Industries for their bold retail initiative — Reliance Retail. He played a key role in its establishment and development from 2006 to 2014. Currently, Reliance Retail stands as a leader in Indian retailing and ranks among the fastest growing retailers globally.
He has transitioned from operational roles to advisory positions within private equity firms and their investee companies. He is presently a member of the Strategic Advisory Board of Premji Invest and KKR, helping companies like Lenskart, Lighthouse Learning, GIVA, and others to evolve into unicorns and beyond. He serves as the Chairman of the Retailers Association of India (RAI), reflecting his extensive involvement in the growth of retail in India. He has been linked to the World Retail Congress (WRC) since it was established in 2007. Alongside these positions, he holds the role of Independent Director on the Boards of various listed and unlisted companies across the technology, infrastructure, hospitality, and education sectors.
Independent Director
Mr. Chandrasekaran Ramakrishnan has had an exemplary career spanning over 34 years in the field of Information Technology. He retired as Executive Vice Chairman of Cognizant, India, as of March 2019. He serves on the Board of other listed and unlisted companies, and is also part of the Chairman’s Council, NASSCOM.
He joined Cognizant as a member of the founding team. He has been widely recognized as a significant contributor to growing the company to over 250,000 employees, USD 16 Billion+ in revenue and establishing the global delivery footprint.
After earning his engineering degree from Regional Engineering College, Trichy (National Institute of Technology), he started his career with Ashok Leyland, where he spent four years. After his MBA from the Indian Institute of Management Bangalore in 1985, he joined TCS, where he held positions of increasing responsibility and stature, including stints in the UK and the US.
Mr. Ramakrishnan is very passionate about education and is on the Advisory Board of Thiagarajar College of Engineering, Madurai. He is an active supporter of social causes, sponsoring education for underprivileged children, promoting digital literacy in rural areas, offering scholarships to deserving students in NIT, and also supporting research in IIM Bangalore.