Prime Highlights:
- LTIMindtree has secured its largest-ever deal, valued at approximately $580 million, with a leading global media and entertainment firm, signaling strong demand for mid-sized Indian IT services companies.
- The deal is set to help the client streamline operations, modernize delivery models, and enhance efficiency through automation and process optimization.
Key Facts:
- LTIMindtree’s deal follows its second-largest contract, worth $450 million, signed with U.S. agribusiness giant Archer-Daniels-Midland in May.
- The announcement comes amid expectations of muted growth in the IT sector due to global macroeconomic challenges, but highlights growing confidence in India’s mid-tier IT firms.
Background
Indian IT services company LTIMindtree announced on Monday that it has secured its largest-ever deal, estimated by two sources at around $580 million. The company said the multi-year contract was signed with a leading global media and entertainment firm, though it did not reveal the client’s name.
The Bengaluru-based firm, India’s sixth-largest software services exporter, stated that the deal will help the client streamline operations and modernize delivery models through automation, process optimization, and vendor consolidation.
While LTIMindtree did not comment on the size or duration of the agreement, market analysts say the deal reflects the growing confidence of global clients in India’s mid-tier IT firms. Shares of LTIMindtree rose nearly 3% on Monday, marking their biggest daily gain in almost five months.
This achievement follows its second-largest deal, worth $450 million, announced in May, which sources said was signed with U.S. agribusiness giant Archer-Daniels-Midland (ADM).
The announcement comes ahead of India’s IT companies reporting their September quarter results, with analysts expecting muted growth amid global macroeconomic challenges, tariff risks, and U.S. policy changes.
Industry experts view this deal as a sign of mid-sized Indian IT firms gaining momentum in large-scale projects. Phil Fersht, CEO of HFS Research, said that companies such as LTIMindtree, Coforge, and Mphasis move more quickly and adapt more easily when creating AI-driven value offerings.
“While large firms are still optimizing their older portfolios, mid-caps are winning new clients and expanding through AI-powered, outcome-based deals,” Fersht added.
The record-breaking win highlights LTIMindtree’s growing global presence and ability to deliver digital transformation at scale, even in a challenging market environment.