The combination of L&T Infotech and Mindtree has resulted in the creation of LTI Mindtree. Another name for the company is LTM Limited. It is a software development company that is based in Mumbai and has 87,900 employees.The company had a revenue of ₹11,608 crore and a profit of ₹1,466 crore in the April-June 2026 quarter.
The numbers for the company vary quarterly. Go to the company’s website or exchanges where they file to get the latest numbers. This is not investment advice.
From LTI to LTIMindtree
Larsen & Toubro Infotech was started as the internal information technology division of Larsen & Toubro, which is a big Indian engineering and construction business. The company was launched to the stock market through an initial public offering in July 2016.
The next step for L&T was to own a majority stake in Mindtree, which is another IT services company operating in India.Both companies joined together in November 2022 and formed LTIMindtree. The company can sometimes be referred to as LTM Limited. This is because the name you get may differ from what you have seen in your paperwork.
Leadership: According to the company’s results coverage for 2026, the Managing Director/CEO of the company is Venu Lambu.
What does LTIMindtree do?
This firm markets its technology services to big firms. The key sectors include:
- Application development and maintenance: writing new software and maintaining existing software
- Cloud and infrastructure: migration to cloud computing, network management, server management, security
- Data and analytics: Developing data platforms, reporting and forecasting tools
- AI services: The company segments its AI revenue under Business AI, Industrial AI, and Creative AI.
- Enterprise Applications: ERP and Customer Applications such as SAP, Salesforce, etc.
- Digital engineering and product work: Software for networked products and gadgets
- Consulting and testing: IT Strategies, Process Designs, Quality Testing
It caters to industries like banking, finance, insurance, manufacturing, retail, healthcare, and information technology sectors, where a majority of its revenue comes from North America.
Latest results: Q1 FY27 (April to June 2026)
LTIMindtree’s financial year starts from April to March. With regards to performance and positioning of LTIMindtree:
- Revenue: 11,608 crore, with a growth rate of 2.8% compared to the previous quarter and 18% compared to last year.
- Revenue in US dollars: US$1.22 billion; at constant currency rates, up by 0.3% from Q2 and 6.4% last year (as compared to rupees, whose effect is more pronounced in rupees)
- Net profit: Between 1,466 and 1,469 crores, rising by 17% annually
- EBIT margin: 15.5%, an increase from 14.3% last year
- Order inflow: $1.68 billion almost
- AI revenue: Approximately $150 million quarterly revenue represents 12% of the total revenue
- Headcount: 87,886 (with a decrease of 64 from the last quarter) including around 1,300 new students
- Attrition: where utilization was around 86.4% or 13.3%.
- Large clients: 15 clients over $50 million
The company expects to experience higher growth in FY27 compared to FY26 where growth was in excess of 6%. The analysts noted that growth in dollar terms was low and that strict control on manpower was observed.
Why it matters
- It emphasizes how there is a shift in the services provided by IT companies from developing AI to implementing AI.
- The Rupee profit and revenues look good owing to the effect of currency, and hence constant-currency figures provide better insight.
- The combination has provided greater scale to L&T’s IT operations to pursue big-ticket deals.
Risks
- Low demand from clients, particularly the United States market, will hinder growth.
- The impact of low price due to productivity improvements through AI reduces revenue per job.
- High levels of competition from Tata Consultancy Services, Infosys, HCLTech, Wipro and other organizations.
- Fluctuations in currency and labor costs.
Frequently asked questions
Is Larsen & Toubro Infotech the same as LTIMindtree?
Yes. LTI joined hands with Mindtree in 2022, and the consolidated firm is known as LTIMindtree, which can also be called LTM Limited.
When did LTI go public?
In July 2016, through an IPO at NSE and BSE.
Who owns LTIMindtree?
Promoter and Key Shareholder is Larsen and Toubro. See the latest shareholding pattern for further information.
Where is it headquartered?
Mumbai, India.
Who is the CEO?
Venu Lambu is the CEO and Managing Director.
How many employees does it have?
Around 87,900 by the end of June 2026.
Is this stock advice?
No. This is a profile of the company. Before investing, you should consult the reports and talk to an SEBI certified consultant.
Sources and further reading
- Investor Relations; First Quarter Results of FY27, LTIMindtree, ltimindtree.com
- NSI & BSI; corporate press release
- Business Standard; First Quarter results for FY27
- Performance of Axis Direct & Sahi in Q1, FY27