LTIMindtree Limited is a publicly owned Indian multinational company founded in 1996. Headquartered in Mumbai, India, it provides information technology (IT) services and consulting. With a workforce of approximately 20,530 employees, LTIMindtree is a subsidiary of Larsen & Toubro.
LTIMindtree partnered with PHINIA Inc., a provider of fuel systems, electrical systems, and aftermarket solutions, to overhaul PHINIA's IT infrastructure and optimize application maintenance and development services. This collaboration, announced in multiple releases, focuses on leveraging AI and automation to streamline operations, mitigate risks, and enhance business agility. A brokerage expects margin improvement for LTIMindtree in Q4 FY25, predicting a 30-65 basis points increase. This prediction is part of a broader outlook on large-cap and mid-cap companies in the services, engineering, research and development, and software sectors. Separately, Coforge's share price fell 6 percent on Friday, while the Nifty IT index declined over 3 percent.
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LTIMindtree offers 2 products in the connectivity and cloud industry. LTIMindtree's product portfolio comprises of enterprise cloud.
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