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On Tue, 13 May, 8:01 AM UTC
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[1]
LTIMindtree Inks Record $450 Million Deal with Global Agribusiness Giant | AIM
LTIMindtree will deploy an AI operating model to streamline application management, infrastructure support, and cybersecurity services. LTIMindtree has landed the largest deal in its history, signing a $450 million multi-year agreement with a leading global agribusiness company. Spanning seven years, the contract underscores LTIMindtree's growing capabilities in delivering AI-powered enterprise IT services. According to a report by Mint, the deal is with Archer-Daniels-Midland (ADM), a commodities trading and food processing company based in Chicago. Under the agreement, LTIMindtree will deploy an AI-driven operating model to streamline application management, infrastructure support, and cybersecurity services. The end-to-end IT transformation will leverage platforms such as SAP S/4HANA, ServiceNow, and Microsoft Azure, alongside proprietary AI frameworks, to enhance operational efficiency, scalability, and support the agribusiness giant's global expansion. "Securing this large deal marks a pivotal milestone as we transform to an AI driven business model, helping our clients enhance productivity," said Venu Lambu, CEO (Designate) and Whole-Time Director, LTIMindtree. "We are proud to be the trusted partner for one of the world's most respected agribusiness companies." LTIMindtree executives emphasised the strategic importance of the win. "Winning this important deal underscores our strength in crafting innovative solutions and delivering with excellence," said Nachiket Deshpande, President - Global AI Services, Strategic Deals. "This win marks a major breakthrough for our consumer services business. Our AI-driven operating model will drive measurable business impact in an industry that's evolving rapidly," added Samir Gosavi, chief business officer - retail and CPG. Unlike its larger peers in the Indian IT sector, LTIMindtree reported positive Q4 FY25 results with modest growth. As of March 31, 2025, the company had 741 active clients, a slight decrease from 742 in the previous quarter. LTIMindtree went through two major C-suite changes in early 2025. It appointed its chief operating officer, Nachiket Deshpande, as the president of its AI services in March, following the appointment of Venu Lambu as CEO designate in January.
[2]
LTIMindtree Secures $450 Million Multi-Year Deal with Global Agribusiness Leader
LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, today announced a strategic agreement with a leader in the global agribusiness sector. This is the largest deal in the history of LTIMindtree, valued at $450 million across seven years. As a part of this deal, LTIMindtree will implement an AI-powered operating model to deliver application management, infrastructure support, and cybersecurity services. This comprehensive suite of future-ready IT services, built on platforms such as SAP S/4HANA, ServiceNow, Microsoft Azure, as well as proprietary AI frameworks are aimed at enhancing the client's operational efficiency, scalability, and global growth. "Securing this large deal marks a pivotal milestone as we transform to an AI driven business model, helping our clients enhance productivity." said Venu Lambu, Chief Executive Officer (Designate) and Whole-Time Director, LTIMindtree. "We are proud to be the trusted partner for one of the world's most respected agribusiness companies. "Winning this important deal underscores our strength in crafting innovative solutions and delivering with excellence." said Nachiket Deshpande, President - Global AI Services, Strategic Deals, LTIMindtree. Samir Gosavi, Chief Business Officer - Retail and CPG, LTIMindtree, added, "This win marks a major breakthrough for our consumer services business. Our AI-driven operating model will drive measurable business impact in an industry that's evolving rapidly." About LTIMindtree LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 84,000+ talented professionals across more than 40 countries, LTIMindtree -- a Larsen & Toubro Group company -- solves the most complex business challenges and delivers transformation at scale. For more information, please visit www.ltimindtree.com.
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LTIMindtree signs its largest-ever contract, a $450 million seven-year deal with a leading agribusiness company, to implement an AI-powered operating model for IT services.
LTIMindtree, a global technology consulting and digital solutions company, has secured a record-breaking $450 million multi-year deal with a leading global agribusiness company. This seven-year agreement marks the largest contract in LTIMindtree's history and signifies a major milestone in the company's transformation towards an AI-driven business model 12.
The core of this strategic partnership involves LTIMindtree implementing an AI-powered operating model to deliver a comprehensive suite of IT services. These services include:
LTIMindtree will leverage cutting-edge platforms such as SAP S/4HANA, ServiceNow, and Microsoft Azure, alongside proprietary AI frameworks. This approach aims to enhance the client's operational efficiency, scalability, and support for global expansion 12.
Venu Lambu, CEO (Designate) and Whole-Time Director of LTIMindtree, emphasized the deal's significance: "Securing this large deal marks a pivotal milestone as we transform to an AI-driven business model, helping our clients enhance productivity" 12.
Other key executives also shared their perspectives:
While LTIMindtree has not officially disclosed the client's name, a report by Mint suggests that the deal is with Archer-Daniels-Midland (ADM), a Chicago-based commodities trading and food processing company 1.
LTIMindtree has shown resilience in a challenging market:
Recent leadership changes include:
This deal underscores the growing importance of AI in traditional industries like agribusiness. By implementing an AI-driven operating model, LTIMindtree aims to drive significant improvements in operational efficiency and support global growth for its client. This partnership could set a precedent for similar AI-powered transformations across the agribusiness sector and beyond 12.
Reference
[1]
Analytics India Magazine
|LTIMindtree Inks Record $450 Million Deal with Global Agribusiness Giant | AIM
LTIMindtree, a global technology consulting firm, announces positive Q4 and FY25 results with growth in revenue and profits, highlighting significant AI-led deal wins and strategic partnerships in the tech sector.
2 Sources
2 Sources
LTIMindtree, a leading technology consulting and digital solutions company, announced its Q1 FY25 financial results, showing revenue growth but a slight decline in net profit. The company remains optimistic about future opportunities despite global economic uncertainties.
6 Sources
6 Sources
LTIMindtree and Microsoft have announced a strategic partnership to drive AI innovation and digital transformation for global enterprises, focusing on transitioning from AI experimentation to meaningful business outcomes.
2 Sources
2 Sources
LTIMindtree, India's sixth-largest IT services company, reports mixed Q3FY25 results with a 7.1% YoY decline in net profit but a record-high order inflow of $1.68 billion. The company emphasizes its AI strategy as key to future growth.
2 Sources
2 Sources
LTIMindtree, a global technology consulting and digital solutions company, has renewed its strategic partnership with Absa Bank. This collaboration aims to accelerate Absa's digital transformation journey and enhance its technology capabilities.
4 Sources
4 Sources
