Company Profile
LTIMindtree Limited is a global technology consulting and digital solutions company that empowers businesses to transform for the digital age. As a subsidiary of Larsen & Toubro Limited, LTIMindtree blends technology, engineering, and human insight to deliver outcomes that drive value across industries.
Headquartered in India, the company operates across 41 countries, managing 117 offices and engaging more than 741 clients, including over 100 Fortune 500 companies. With a workforce of over 88,000 employees, LTIMindtree is committed to creating resilient, agile, and AI-powered enterprises of the future.
Key Operational Highlights (FY25):
- Revenue: USD 4.5 billion (₹380,081 million)
- Net Profit: ₹46,020 million
- EBITDA Margin: 17.1%
- ROE: 21.5%
- Cash & Investment Balance: ₹134,328 million
With its core values of purpose, compassion, future-readiness, and impact, the company remains focused on using technology as a force for good and leading the way in global digital transformation.
Introduction
The fiscal year 2024–25 was marked by unprecedented technological change, and LTIMindtree responded with agility and innovation. The theme for the year — “Infinite Possibilities” — reflected the company’s belief in shaping a smarter, connected world through AI, data, and human ingenuity.
Amid volatile market conditions, rising geopolitical risks, and rapid shifts in technology, LTIMindtree continued its strategic pivot toward becoming an AI-first company, embedding artificial intelligence across services, solutions, and internal operations. Its vision was clear: to enable clients to thrive by harnessing digital transformation and innovation at scale.
Related Posts
Strategic Pillars: Foundation, Pivot, and Portfolio
1. Building a Strong Foundation
LTIMindtree’s leadership across industries like BFSI, technology, and manufacturing is built on deep expertise in data, analytics, user experience, and cloud transformation. Partnerships with leading hyperscalers and platform providers further enhance its ability to innovate and deliver.
2. The Strategic AI Pivot
The core of LTIMindtree’s evolution lies in its three-pronged AI strategy:
- AI in Everything: AI is embedded across all services, transforming delivery and enhancing efficiency.
- Everything for AI: Helping clients deploy AI at scale through partnerships, platforms, and expertise.
- AI for Everyone: Making AI accessible to all employees via training, education, and tools.
This approach has led to measurable gains in generative AI-based deals, internal process optimization, and client value.
3. Turbocharged Portfolio
To seize new opportunities, LTIMindtree focused on expanding its service offerings, especially in:
- BFSI and Tech
- Manufacturing and Resources
- Healthcare and Life Sciences
- Media, Communications, and Consumer Businesses
This included strategic acquisitions, such as a stake in Voicing.AI, an agentic AI platform for customer engagement.
Financial Performance
LTIMindtree reported a year of solid financials, despite global headwinds:
- Revenue: ₹380,081 million (7.0% YoY growth)
- Profit After Tax: ₹46,020 million (0.4% YoY growth)
- Order Inflow: USD 5.99 billion
- EBITDA Margin: 17.1%
- PAT Margin: 12.1%
- EPS: ₹155.00
- Operating Cash Flow Conversion: 98.8%
- Total Asset Base: ₹30,000+ crore
The company also improved its Days Sales Outstanding (DSO) to 79 days, enhanced cash flow management, and grew its cash and investments portfolio to ₹134,328 million.
Here are the consolidated financial statements for LTIMindtree Limited for the year ended March 31, 2025, as presented in its annual report:
🔹 Consolidated Statement of Profit and Loss
For the year ended March 31, 2025 (₹ in million)
| Particulars | FY 2025 | FY 2024 |
|---|---|---|
| Revenue from operations | 380,081 | 355,170 |
| Other income | 9,897 | 7,019 |
| Total income | 389,978 | 362,189 |
| Employee benefits expense | 246,226 | 227,323 |
| Sub-contracting expenses | 26,312 | 25,599 |
| Finance costs | 2,789 | 2,217 |
| Depreciation and amortization expense | 9,915 | 8,189 |
| Other expenses | 42,594 | 38,374 |
| Total expenses | 327,836 | 301,702 |
| Profit before tax | 62,142 | 60,487 |
| Current tax | 15,784 | 14,600 |
| Deferred tax | 338 | 41 |
| Net Profit After Tax | 46,020 | 45,846 |
| Other Comprehensive Income (net of tax) | (546) | 4,919 |
| Total Comprehensive Income | 45,474 | 50,765 |
| Basic Earnings Per Share (₹) | 155.29 | 154.85 |
| Diluted Earnings Per Share (₹) | 155.00 | 154.48 |
🔹 Consolidated Balance Sheet
As at March 31, 2025 (₹ in million)
| Assets | FY 2025 | FY 2024 |
|---|---|---|
| Non-current assets | ||
| Property, plant & equipment | 19,588 | 16,555 |
| Right-of-use assets | 20,043 | 19,013 |
| Capital work-in-progress | 5,818 | 4,669 |
| Goodwill | 12,036 | 11,927 |
| Other intangible assets | 1,180 | 2,313 |
| Financial assets (Investments) | 24,700 | 19,902 |
| Deferred tax assets (net) | 2,220 | 2,250 |
| Income tax assets | 3,083 | 2,970 |
| Total Non-current Assets | 96,921 | 87,166 |
| Current assets | ||
| Investments | 73,740 | 67,534 |
| Trade receivables | 58,676 | 57,060 |
| Unbilled revenue | 18,206 | 13,261 |
| Cash and cash equivalents | 20,623 | 18,200 |
| Other bank balances | 15,259 | 9,960 |
| Other current assets | 20,034 | 19,533 |
| Total Current Assets | 209,379 | 188,464 |
| Total Assets | 306,300 | 275,630 |
| Equity and Liabilities | ||
|---|---|---|
| Equity Share Capital | 296 | 296 |
| Other Equity | 226,687 | 199,876 |
| Non-controlling Interests | 132 | 92 |
| Total Equity | 227,115 | 200,264 |
| Non-current liabilities | ||
| Lease liabilities | 18,456 | 17,272 |
| Other financial liabilities | 554 | 318 |
| Deferred tax liabilities | 319 | 187 |
| Provisions | 197 | 157 |
| Current liabilities | ||
| Borrowings | 23 | 407 |
| Trade payables and other liabilities | 29,619 | 28,966 |
| Income tax liabilities | 922 | 1,560 |
| Total Liabilities | 79,185 | 75,366 |
| Total Equity and Liabilities | 306,300 | 275,630 |
🔹 Consolidated Statement of Cash Flows
For the year ended March 31, 2025 (₹ in million)
| Particulars | FY 2025 | FY 2024 |
|---|---|---|
| Cash Flow from Operating Activities | ||
| Net profit after tax | 46,020 | 45,846 |
| Depreciation & amortization | 9,915 | 8,189 |
| Income tax expense | 16,122 | 14,641 |
| Other adjustments | (26,599) | (25,981) |
| Changes in working capital | (4,803) | 5,975 |
| Income taxes paid | (16,374) | (15,707) |
| Net cash generated from operations | 45,458 | 56,695 |
| Cash Flow from Investing Activities | ||
| Purchase of PPE and investments | (290,442) | (328,402) |
| Proceeds from sale of investments/PPE | 269,559 | 286,767 |
| Net cash used in investing activities | (17,382) | (39,121) |
| Cash Flow from Financing Activities | ||
| Lease payments and interest | (5,789) | (4,667) |
| Dividends paid | (19,246) | (17,753) |
| Other items | (709) | (268) |
| Net cash used in financing activities | (25,744) | (22,688) |
| Net increase in cash and cash equivalents | 2,332 | (5,114) |
| Opening balance of cash equivalents | 18,200 | 23,377 |
| Exchange differences | 91 | (63) |
| Closing cash and cash equivalents | 20,623 | 18,200 |
Service Offerings
LTIMindtree’s diverse service portfolio plays a pivotal role in its growth and global relevance.
Data & Analytics
Through platforms like the Fosfor Suite, LTIMindtree delivers data-led, AI-enabled transformation, earning global recognition from partners such as Snowflake, Databricks, and Informatica.
Cloud and Infrastructure
Its cognitive infrastructure solutions drive resilience, personalization, and business agility. Over 325 clients — including 60+ Fortune 200 companies — rely on its hybrid cloud infrastructure.
Cybersecurity
AI-powered security frameworks and Cyber Defense Resiliency Centers protect clients around the clock using predictive threat detection and rapid incident response.
Platform Operations
By leveraging Gen AI, LTIMindtree helps clients scale operations, manage workloads, and enhance business continuity with automation and intelligence.
Low-Code and No-Code
With alliances across major low-code platforms, the company enables rapid app development, cutting costs by up to 60% for over 220 clients.
Enterprise Applications
Services span Salesforce, ServiceNow, Microsoft Dynamics, and Oracle, driving performance and customer satisfaction. Notably, LTIMindtree became the first AI-native Oracle Cloud ERP partner globally.
Digital Engineering
Through DevSecOps, cloud-native development, and GitHub-integrated platforms, the company delivers high-speed innovation and reduced time-to-market.
Enterprise Automation
Hyperautomation is delivered via the proprietary Hyper Weaver platform, integrating intelligent discovery, Gen AI, and workflow orchestration.
Industry Verticals
LTIMindtree addresses needs across multiple sectors:
- BFSI (33.47% of revenue): Core strength, providing secure and scalable platforms.
- Technology, Media & Communications (30.33%)
- Manufacturing & Resources (15.97%)
- Consumer Business (15.03%)
- Healthcare, Life Sciences, Public Services (5.17%)
Major deals in manufacturing and public sector technology highlight LTIMindtree’s increasing influence across traditional and new-age industries.
Subsidiaries and Joint Ventures
As of March 31, 2025, LTIMindtree Limited had 19 subsidiaries and 1 joint venture, following a series of reorganizations, liquidations, and incorporations during the year.
A. Organizational Changes in FY25
- Amalgamation:
- Nielsen + Partner Unternehmensberater GmbH (Germany) was merged into LTIMindtree GmbH on October 2, 2024.
- Liquidation / Deregistration:
- Nielsen & Partner Pty Ltd. (Australia) – October 23, 2024
- Syncordis SARL (France) – November 29, 2024
- LTIMindtree LLC (USA) – January 21, 2025
- Syncordis Limited (UK) – Liquidation initiated on April 1, 2025
- New Incorporations:
- LTIMindtree Consulting Brazil Ltda. (Brazil) – 100% owned, incorporated on September 26, 2024
- LTIM Aramco Digital Solutions for Information Technology Company – Joint venture with 51% LTIMindtree and 49% Global Digital (Saudi Aramco), incorporated on November 22, 2024
Additionally, LTIMindtree USA Inc., a wholly owned subsidiary, invested in Voicing.AI Inc., a U.S.-based agentic AI platform focused on voice-driven autonomous operations.
B. List of Subsidiaries (As of March 31, 2025)
| Subsidiary Company | Country | Ownership (%) |
|---|---|---|
| LTIMindtree Canada Limited | Canada | 100 |
| LTIMindtree GmbH | Germany | 100 |
| LTIMindtree Financial Services Technologies Inc. | Canada | 100 |
| LTIMindtree South Africa (Pty) Ltd. | South Africa | 69.58 |
| LTIMindtree Information Technology Services (Shanghai) Co. Ltd. | China | 100 |
| LTIMindtree Spain, S.L | Spain | 100 |
| LTIMindtree S.De. RL.De. C.V | Mexico | 100 |
| LTIMindtree Norge AS | Norway | 100 |
| LTIMindtree Middle East FZ-LLC | UAE | 100 |
| LTIMindtree UK Limited | UK | 100 |
| LTIMindtree Consulting Brazil Ltda. | Brazil | 100 |
| LTIMindtree S.A. | Luxembourg | 100 |
| LTIMindtree PSF SA | Luxembourg | 100 |
| LTIMindtree Switzerland AG | Switzerland | 100 |
| Nielsen + Partner PTE Limited | Singapore | 100 |
| LTIMindtree (Thailand) Limited | Thailand | 100 |
| LTIMindtree USA Inc. | USA | 100 |
Note: Syncordis SARL, Syncordis Limited, LTIMindtree LLC, and Nielsen & Partner Pty Ltd. are no longer active entities due to liquidation or mergers.
C. Joint Venture
- LTIM Aramco Digital Solutions for Information Technology Company
- Incorporated in Saudi Arabia in November 2024
- Ownership: 51% by LTIMindtree, 49% by Global Digital (Saudi Aramco)
- Focused on AI-powered enterprise digital solutions in the Middle East
Talent, Learning, and Culture
People-First Approach
- Employees: 88,000+
- Average Learning per Employee: 9.91 days
- Attrition Rate: 14.4%
- Female Representation: 30.37%
- Women in Leadership: 9.2%
Learning Platforms
- Garuda: AI skills and enablement
- Shoshin School: 33,000+ courses, 3,000+ skills
- Hackathons: GenAI Hackathon, Hack2Future
- Leadership Programs: EmpowHER for women
DEI and Inclusion
LTIMindtree has been recognized for inclusive policies and practices:
- UN Women India WEPs Award
- BW People HR Excellence Award
- India Workplace Equality Index (Silver)
- Top 50 Companies for Women in India
Employee Resource Groups such as Athena, TogetherWithPRIDE, and DiversAbility drive internal engagement and DEI awareness.
Environment, Sustainability, and Governance (ESG)
Environmental Metrics
- Energy Consumption: 241,984 GJ
- Water Use: 361.83 ML
- Waste Recycled: 97.21%
- Zero Waste to Landfill: 2 offices
ESG Accolades
- Golden Peacock Award (Corporate Governance)
- LACP Awards (Sustainability Reporting)
- S&P Sustainability Yearbook 2025
- CDP Score: A– for Climate Action
The company was also ranked 5th in IT & Communications and 13th overall in India’s Top 50 Sustainable Companies for 2024.
Corporate Social Responsibility (CSR)
CSR spending reached ₹928 million, supporting:
- Integrated Village Development Program (IVDP)
- 748,915 total beneficiaries
- 35 NGO partnerships
- Projects in education, health, environment, and empowerment
LTIMindtree’s CSR model integrates sustainability into community development, with measurable, long-term impact.
Operational Excellence and Technology Modernization
Key digital upgrades included:
- SAP S/4HANA 2023 migration
- SAP Signavio for process mining
- SAP BTP Center of Excellence (Gold Certification)
- 25+ internal Generative AI use cases improving HR, finance, and employee experience
Global Expansion and Strategic Investments
LTIMindtree continued to expand internationally with:
- NextEra – Joint venture with Aramco Digital in Saudi Arabia
- New investments in LATAM, China, and Japan
- Strategic partnership with Voicing.AI for AI-driven customer interactions
These initiatives positioned LTIMindtree for future readiness and deeper market penetration.
Looking Ahead
Despite macroeconomic pressures, LTIMindtree is well-positioned for long-term growth. The strategic emphasis on AI, responsible innovation, global expansion, and client-centric transformation forms the foundation of its goal to become a USD 10 billion revenue company.
As clients seek to modernize, scale AI adoption, and navigate complexity, LTIMindtree aims to lead as a trusted transformation partner, delivering infinite possibilities for enterprises worldwide.
Conclusion
FY25 was a landmark year in LTIMindtree’s evolution. The company’s unwavering focus on AI, sustainability, inclusive growth, and innovation has enabled it to set new benchmarks in performance, client satisfaction, and stakeholder trust.
With the strength of its people, vision, and capabilities, LTIMindtree continues to shape a better, smarter, and more connected future.