
Indian IT firm LTIMindtree has bagged its largest-ever contract worth $450 million (about Rs 3821 crore) the company announced Monday. In an official release LTIMindtree said it inked a seven-year deal with a firm holding a leadership position in the global agribusiness sector. LTIMindtree announced a strategic agreement with a leader in the global agribusiness sector. This is the largest deal in the history of LTIMindtree valued at USD 450 million across seven years it said. However the Indian IT services exporter did not divulge the name of its new mystery partner. According to the release LTIMindtree said that under the deal it will implement an AI-powered operating model to deliver application management infrastructure support and cybersecurity services. The company said the 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. We are proud to be the trusted partner for one of the world’s most respected agribusiness companies Venu Lambu Chief Executive Officer (Designate) and Whole-Time Director LTIMindtree said. Nachiket Deshpande President - Global AI Services Strategic Deals at LTIMindtree termed it an important deal and said winning it underscores the companys strength in crafting innovative solutions and delivering with excellence. Meanwhile following the announcement of the deal LTIMindtree shares rose as much as 7.7% an increase of 6% before the news was announced. Notably LTIMindtrees mega deal comes at a time when its larger peers like Narayana Murthy-led Infosys Tata Groups Tata Consultancy Services (TCS) and Azim Premjis Wipro are struggling to secure large deals due to macroeconomic uncertainties and tariff risks that have slowed Indias $283 billion IT sector. (With inputs from agencies)
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