LTIMindtree bags $100 million multi year IT deal with global chemicals maker; shares settle nearly 2% higher

As part of the agreement, LTIMindtree will deliver comprehensive IT services, comprising core business applications, infrastructure operations, end-user support, software asset governance, and project execution, according to a regulatory filing.

The company, however, did not disclose the client's name.

The engagement is structured to drive intelligent efficiencies across processes, utilising artificial intelligence (AI) and automation to enable cost optimisation, vendor consolidation, and innovation, while enhancing the client's overall service delivery.

"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,” said Venu Lambu, Chief Executive Officer and Managing Director, LTIMindtree.

Earlier this month, on October 6, LTIMindtree signed a multi-year agreement with a leading global media and entertainment company. The deal builds on an existing relationship between the two firms and marks LTIMindtree’s largest strategic deal so far.

As part of the agreement, LTIMindtree will support the client’s digital transformation journey by streamlining operations and modernising delivery models. The company said the work will include automation, process optimisation and vendor consolidation to improve efficiency and maintain service quality.

A Larsen & Toubro Group company, LTIMindtree has more than 700 clients worldwide and an employee base of 86,000 across 40+ countries.

At close, the shares of LTIMindtree were settled 1.57% higher at ₹5,633 apiece on the National Stock Exchange (NSE).

LTIMindtree share price

Over the past five trading sessions, shares of LTIMindtree have inched up 0.80% and gained 9.21% in the past month. In the last six months, the stock has advanced 25.55%, and it remains down 0.71% year-to-date.

The shares hit a 52-week high of ₹6,767.95 on December 16, 2024, and a 52-week low of ₹3,802 on April 7, 2025. As of October 27, the company's market capitalisation stood at ₹1,66,971.56 crore.