President - Global AI Services, Strategic Deals and Partnerships and Whole-time Director
Chief Human Resources Officer
Chief Financial Officer
The integration of AI has already begun to revolutionize our operations and client relationships. Our three-pronged approach — AI in Everything, Everything for AI, and AI for Everyone — has been instrumental in driving our preparation towards being market-ready for the AI opportunity. By embedding AI into every facet of our operations, providing new services that help our clients adopt AI at scale, and making AI accessible to all, we have positioned ourselves at the forefront of this technological revolution, enabling us to drive organizational transformation and create competitive advantages for our clients in an ever-evolving technological landscape.
Our strategic focus on securing large, high-value deals has been amplified by the productivity gains driven by AI. The ability to harness AI’s power to optimize operations, enhance decision-making, and deliver superior outcomes has provided us with a distinct edge in securing substantial contracts. In the coming years, we expect this facet to play out even more significantly as we further sharpen our large deals strategy driven by AI.
At the same time, we understand that our people are at the heart of this transformation. As AI continues to reshape the world, attracting the right talent and reskilling our workforce are critical priorities. By adopting AI in functions such as talent management and employee engagement, we have accelerated our ability to deliver outstanding results for clients and stakeholders.
In addition, we are actively engaged in a wide range of initiatives to support our transformation and foster a culture of continuous learning. Programs such as the ‘Women Tech-Trailblazer’ regularly enhance both technical and soft skills relevant to the industry, covering areas like AI technologies, data analysis, project management, and effective communication. Our online learning platform, ‘Shoshin School,’ offers employees access to over 33,000 courses covering approximately 3,000 skills, enabling self-paced learning and personal development.
We also host regular innovation hackathons, including events like the ‘GenAI hackathon’ and ‘Hack2future,’ providing opportunities for teams to collaborate on challenges using AI and other technologies. Furthermore, leadership development tracks, such as ‘EmpowHER,’ have been specifically designed to accelerate the leadership journeys of high-potential women employees, focusing on strategic thinking, problem-solving, and innovation.
Another key element of our growth strategy has been the expansion of our global presence. Over the past year, we have made significant strides in expanding our footprint in key geographies such as the US, LATAM, Europe, China, and Japan. This expansion not only enhances our ability to serve a diverse and growing customer base but also positions us to capitalize on emerging opportunities in these dynamic markets.
In addition, we have taken a significant step forward in Saudi Arabia with the launch of a next-generation technology company, NextEra, a groundbreaking joint venture between LTIMindtree and Aramco Digital. Backed by Aramco through the visionary Namaat Industrial Investments Program, we’re powering Saudi Vision 2030 by localizing cutting-edge IT services, creating highly skilled Saudi jobs, and investing deeply in local talent through advanced learning infrastructure.
Our success also hinges on strong, strategic partnerships. We have continued to strengthen our ecosystem, working closely with hyperscalers and OEM partners to deliver differentiated solutions. We are well-positioned as a collaborative player, which will be vital as we navigate rapid technological shifts in the coming years. Our ability to work effectively with partners allows us to leverage collective strengths, enhancing our ability to deliver exceptional outcomes to our clients.
Continued Stability
Our dedication to operational excellence has been acknowledged through the reaffirmation of our ratings by CRISIL and India Ratings & Research. CRISIL reaffirmed its ‘CRISIL AAA/ Stable/CRISIL A1+’ ratings on the bank facilities of LTIMindtree, while India Ratings & Research has assigned LTIMindtree a long-term issuer rating of IND AAA/Stable/IND A1+. These ratings reflect LTIMindtree’s established market position as well as business profile in the technology sector, continued growth in revenue and profitability, robust credit metrics, and strong linkages with its parent, Larsen & Toubro Limited.
Enhancing IT Capabilities
We upgraded to S4HANA 2023 as a foundation to enable AI capabilities across key processes like order-to-cash, procure-topay, and record-to-report.
We implemented SAP Signavio to identify process bottlenecks, improve key metrics like DSO, accelerate book-close timelines, and improve critical business processes.
We implemented SAP Business Technology Platform (BTP) solutions to significantly reduce manual efforts in key HR processes. We have been awarded the Gold Certification by SAP for following the best practices in setting up the BTP Center of Excellence (COE), covering two archetypes: App Modernization and Data Modernization. We are privileged to leverage this program as one of the first few customers globally and the only SAP customer in the APAC region to receive this Gold Certification.
Across our internal business functions, we kickstarted the Generative AI transformation initiative and implemented 25+ key use cases that improved employee experience, enhanced functional efficiency, and drove employee productivity.
Strengthening Client Trust and Satisfaction
At LTIMindtree, we believe that true operational excellence is measured not only in metrics but in the trust we build with our clients. Client Satisfaction scores — an important barometer of our operational reliability and alignment with customer expectations — improved to 5.98 in FY25 from 5.85 in FY24. This steady upward trend highlights our deepening client partnerships and sustained commitment to delivering consistent value.
Financial Highlights
We have booked our highest-ever order inflow
at USD 5.99 Billion (FY24: USD 5.64 Billion),
representing a 6.1% increase over
FY24. We reported strong FY25 results,
with revenue reaching USD 4.5 Billion
(FY24: USD 4.3 Billion), up 5.0% in
constant currency and 4.8% in USD terms.
INR revenue stood at INR 380,081 Million
(FY24: INR 355,170 Million), up 7.0%.
Our EBITDA margin stood at 17.1% for FY25
compared to 18.0% for FY24. Our EBIT
margin stood at 14.5% for FY25 compared
to 15.7% for FY24. The net profit grew
0.4% from INR 45,846 Million for FY24
to INR 46,020 Million for FY25. The PAT
margin was 12.1% for FY25 against 12.9%
for FY24. The continuing client focus on
cost reduction and vendor consolidation is
supporting a strong pipeline. The savings
generated from these cost-cutting measures
are directed toward pilot programs and
scaling AI initiatives.
We remain committed to enhancing shareholders’ value and maximizing returns to our investors. The Return on Equity (ROE) stood at 21.5% for FY25 against 25.0% for FY24. The Return on Capital Employed (ROCE) stood at 27.2% for FY25 against 30.7% for FY24. Our Diluted Earnings Per Share increased by 0.3% from INR 154.48 in FY24 to INR 155.00 in FY25. The overall dividend paid to equity shareholders increased from INR 17,753 Million for FY24 to INR 19,246 Million for FY25. Our operating cash flow conversion was healthy and stood at 98.8%. Our current ratio improved from 3.3 as of March 31, 2024, to 3.5 as of March 31, 2025.
We remain focused on maintaining a stable and secure financial foundation, and our strong liquidity position reflects our prudent financial management. Our total asset base crossed INR 30,000 Crore during FY25.
Our Days Sales Outstanding (DSO) on trade
receivables and unbilled revenue has improved
to 79 days as of March 31, 2025, from
80 days as of March 31, 2024, amidst an
increase in business owing to better cashflow
management of receivables. Our strong cash
flow metrics helped us cross INR 10,000 Crore
in cash and investment balance. Our cash
and investment balances including strategic
investments stood at INR 134,328 Million as of
March 31, 2025, against INR 115,596 Million
as of
March 31, 2024.
We continue to foster transparency, accountability, and ethical conduct, reflecting an ever-continuing effort to uphold the highest standards of governance. Our unwavering commitment towards environmental, social, and governance responsibilities coupled with steadfast dedication to conducting responsible business practices have won prestigious accolades, including:
Golden Peacock Award for Excellence in Corporate Governance for FY24 instituted by the Institute of Directors (IOD)
Three prestigious LACP Awards for FY24 for best-in-class Sustainability Report
Two Mumbai offices certified ‘Zero Waste to Landfill’
Inclusion of LTIMindtree in S&P’s prestigious Sustainability Yearbook 2025
Demonstration of exceptional environmental leadership by achieving an ‘A-’ score in the Climate Change Ranking by the Carbon Disclosure Project (CDP)
ESG Transparency Award from EUPD Research Sustainable Management GmbH for FY24 Sustainability Report with an overall score of 87% and placed in the ‘Excellence Class (75% - 100%)’
Honored by BW Businessworld by being ranked 13th in India’s Top 50 Most Sustainable Companies for 2024 and 5th in the IT and Communications Sector
We believe that Diversity, Equity, and Inclusion (DEI) are not just values to uphold but essential elements that drive innovation and success. By addressing unconscious biases and promoting DEI, we ensure that our talent pool reflects the rich diversity of our global community. Over 30% of our employees are women, with 9.2% holding leadership positions.
We raise awareness of DEI issues throughout the year by celebrating occasions such as Women’s Day, Pride Month, and the International Day for Persons with Disabilities. We have established Employee Resource Groups, such as Athena for Women, TogetherWithPRIDE for LGBTQ+ inclusion, and DiversAbility for persons with disability, as well as smaller focused groups like Women in Tech, DIWA, Stellar, and the Champion’s Network.
We remain committed to creating a diverse, equitable, and inclusive workplace where everyone feels valued, respected, and supported.
Our commitment to community development is reflected in our comprehensive CSR initiative, the Integrated Village Development Program (IVDP). This comprehensive initiative covers all focus areas, such as education, environment, empowerment, and health/nutrition, addressing the long-term sustainability of program initiatives. With 748,915 beneficiaries covered under the CSR initiatives for FY25, we continue to uphold our responsibility towards societal progress.
In today’s fast-paced environment, agility is essential to staying ahead. We embrace an agile mindset throughout the organization, ensuring we remain responsive to change and adaptable to new opportunities. This mindset empowers our teams to collaborate more effectively, innovate faster, and pivot swiftly in response to evolving market demands.
The successful merger of LTI and Mindtree was a prime example of our agility and future readiness. Among the many exciting challenges of this merger was reimagining our workplace strategy. It was about creating workplaces that inspire collaboration, fuel growth, and foster a shared sense of belonging — all while aligning with LTIMindtree’s long-term business goals.
Central to achieving success in this effort was integrating people, processes, technology, and physical spaces in the most optimal manner. The integration of smart workplace technology platforms played a vital role in enhancing employee experience services — from commute management to food & beverage services to capacity planning. By leveraging the combined real estate capacity, we reduced redundancies, improved space utilization, and offered our employees to work from a closer, more convenient location.
This transformation in the physical environment complemented our broader goal of operational excellence. The strategic consolidation of office spaces led to significant cost savings while enhancing cross-functional collaboration. Remarkably, we achieved a 30% reduction in office footprint, demonstrating how a well-executed real estate strategy can drive efficiency and create long-term value.
Together, these efforts — driven by an agile mindset and supported by an optimized workplace — ensure that LTIMindtree continues to thrive in a dynamic business environment.
The global business environment continues to be shaped by an evolving set of macroeconomic dynamics — from inflationary pressures and monetary tightening to heightened geopolitical tensions and growing protectionist policies, including the current tariff situation. These complexities have contributed to a cautious approach among enterprises, particularly in discretionary spending, most notably in key markets such as the United States. Yet, history has shown that our industry thrives not in the absence of challenges, but through its ability to adapt, innovate, and lead with resilience.
At LTIMindtree, we view the current landscape not as a deterrent, but as a defining moment — one that underscores the critical role of digital transformation in shaping the future. Enterprises across the world are now accelerating their shift toward scalable, intelligent, and agile operating models powered by next-generation technologies.
In this pivotal phase of technological reinvention, we are excited about the infinite possibilities ahead of us. With AI at the core of our strategy and our ability to secure large deals, attract marquee customers, maintain a robust order book, and a healthy pipeline, we are well-positioned to lead in the global technology ecosystem. Our established presence in tech-intensive verticals and strong balance sheet further strengthen our position.
Thank you for your continued support as we work together to unlock the boundless potential of tomorrow.
Regards,
President - Global AI Services, Strategic Deals and Partnerships and Whole-time Director
Chief Human Resources Officer
Chief Financial Officer