LTIMindtree signs ₹882 crore multi-year IT project deal with US chemicals company — Here’s all we know
Major IT and digital solutions company LTIMindtree said on October 27 that it has achieved great success. ₹882 crore ($100 million) multi-year strategic project from a United States-based chemical and polymer manufacturer.
The nation’s sixth-largest IT services firm did not disclose the name of the client, but details were shared in an Oct. 27 regulatory filing.
‘Committed to delivering measurable results,’ company says
“This win strengthens LTIMindtree’s position as a trusted transformation partner focused on AI-centric growth in the chemical and energy sector. We are committed to delivering measurable results through technology, agility and deep domain expertise,” LTIMindtree CEO and MD Venu Lambu said in a statement.
LTIMindtree, a Larsen & Toubro Group company, has more than 700 customers worldwide and an employee base of 86,000 in 40 countries.
LTIMindtree gets Paramount contract worth over $585 million
Notably, on October 7, LTIMindtree announced its largest contract ever with New York-based Paramount Global for over $585 million over six years. “At least three-fifths of this deal is new business for the company as part of supplier consolidation,” a source told Mint.
The deal comes “as part of a supplier consolidation exercise” and represents approximately $350 million in additional revenue for LTIMindtree, three sources with knowledge of the matter told Mint.
Under the contract, the company will modernize Paramount’s IT infrastructure and incorporate automation to increase efficiency.
