LTIMindtree signs $100 million multi-year deal with US-based chemicals and polymers major

Technology consulting and digital solutions company LTIMindtree Ltd on Monday (October 27) said it has signed a multi-year strategic agreement worth just above $100 million with a US-based leading global manufacturer of chemicals and polymers.

As part of this engagement, LTIMindtree will deliver a comprehensive suite of IT services covering core business applications, infrastructure operations, end-user support, software asset governance, and project execution.

The engagement is designed to drive intelligent efficiencies leveraging AI, automation, and streamlined processes, while enabling cost optimisation, vendor consolidation, and continuous innovation to enhance service delivery and achieve strategic outcomes.

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Venu Lambu, Chief Executive Officer and Managing Director, LTIMindtree, "This win reinforces LTIMindtree’s position as a trusted transformation partner focused on AI-centric growth in the chemicals and energy sector. We’re committed to delivering measurable outcomes through technology, agility, and deep domain expertise."

"We are honoured by our client’s trust in LTIMindtree. This partnership underscores our shared commitment to building a future-ready IT ecosystem powered by innovation, efficiency, and excellence," said Ramesh Kannan, Chief Business Officer, Energy & Utilities, LTIMindtree.

Second Quarter Results

The company’s consolidated net profit rose 10.1% quarter-on-quarter to ₹1,381.2 crore, up from ₹1,254.6 crore in the previous quarter, and comfortably ahead of the CNBC-TV18 poll estimate of ₹1,227 crore. Revenue came in at ₹10,394.3 crore, a 5.6% increase over ₹9,840.6 crore in the June quarter, also slightly above expectations of ₹10,308 crore.

Also Read: LTIMindtree whole-time director and president of AI services Nachiket Deshpande quits

In dollar terms, revenue stood at $1,180.1 million, compared to $1,153.3 million in the preceding quarter, marking 2.4% sequential growth on a constant currency basis against the Street’s estimate of 2.2%. Operating profit (EBIT) rose sharply by 17% to ₹1,648 crore from ₹1,406.5 crore in the previous quarter, surpassing the projected ₹1,543 crore.

Shares of LTIMindtree Ltd ended at ₹5,643.80, up by ₹98.10, or 1.77%, on the BSE.