LTIMindtree Renews Multi-Million Dollar Partnership with Nordic Fuel Giant OKQ8

2 min read     Updated on 09 Sept 2025, 02:06 PM
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Radhika SahaniScanX News Team
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Overview

LTIMindtree has renewed its strategic partnership with OKQ8, a major Nordic fuel company. The multi-million-dollar contract focuses on optimizing OKQ8's technology landscape across cloud management, application development, data analytics, CRM, and ERP services. LTIMindtree plans to integrate AI-driven processes to enhance operations, customer experiences, and sustainability. The partnership aims to drive innovation, cost efficiency, and scalability for OKQ8.

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*this image is generated using AI for illustrative purposes only.

LTI Mindtree , a global technology consulting and digital solutions company, has announced the renewal of its strategic partnership with OKQ8, one of the largest fuel companies in the Nordic region. This multi-million-dollar contract extension solidifies LTIMindtree's position as a trusted technology partner for OKQ8's digital transformation journey.

Partnership Focus

The renewed collaboration will concentrate on optimizing OKQ8's technology landscape across several key areas:

  • Cloud and Infrastructure Management
  • Application Development and Maintenance (for both modern and legacy systems)
  • Advanced Data Analytics
  • Customer Relationship Management (CRM)
  • Enterprise Resource Planning (ERP) services powered by Microsoft Dynamics

LTIMindtree plans to integrate AI-driven processes to streamline operations, enhance customer experiences, and improve sustainability. This integration aims to enable OKQ8 to achieve greater innovation, cost efficiency, and scalability in its operations.

Executive Insights

Clas Artvin, Chief Information Officer at OKQ8, expressed confidence in the partnership, stating, "Renewing our partnership with LTIMindtree is a testament to the strong collaboration and trust we've built together over the years. Their deep expertise, innovative solutions, and understanding of our strategic objectives will enable us to drive operational excellence."

Srinivas Rao, Executive Vice President and Chief Business Officer at LTIMindtree, emphasized the company's commitment to delivering tailored digital transformation solutions. He commented, "We are delighted to strengthen our relationship with OKQ8, a long-term partner whose innovative vision aligns with our values. This partnership emphasizes our continuous commitment to delivering tailored digital transformation solutions that meet evolving industry demands."

Strategic Implications

Through this partnership, LTIMindtree will leverage its cutting-edge solutions and technical expertise to optimize OKQ8's core platforms. The focus will be on improving performance, operational efficiency, and advancing sustainability initiatives.

The renewal of this partnership underscores the shared vision of LTIMindtree and OKQ8 to achieve growth through innovative solutions and technology excellence. It demonstrates their commitment to navigating challenges together and driving advancements across the Nordic region.

About LTIMindtree

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world.

The company is powered by 83,000+ talented and entrepreneurial professionals across more than 40 countries. LTIMindtree, a Larsen & Toubro Group company, focuses on solving complex business challenges and delivering transformation at scale.

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LTIMindtree Secures ₹792 Crore Contract for PAN 2.0 Digital Transformation Project

2 min read     Updated on 07 Aug 2025, 11:11 AM
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Jubin VergheseScanX News Team
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Overview

LTIMindtree has been awarded a ₹792 crore contract by India's Central Board of Direct Taxes to develop PAN 2.0, a digital platform consolidating PAN and TAN services. The project involves creating an AI-driven ecosystem for PAN service lifecycle, including data migration, infrastructure setup, and user support. Set to roll out over 18 months, PAN 2.0 aims to enhance efficiency and transparency in tax identity services for millions of Indian users.

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LTIMindtree , a global technology consulting and digital solutions company, has been awarded a significant ₹792.00 crore contract by the Government of India's Central Board of Direct Taxes (CBDT) to revolutionize India's Permanent Account Number (PAN) infrastructure. This ambitious project, known as PAN 2.0, aims to consolidate all PAN and Tax Account Number (TAN) services into a single, streamlined digital platform as part of the Government to Citizen (G2C) initiative.

Project Scope and Implementation

The PAN 2.0 project encompasses a comprehensive overhaul of the existing PAN system. LTIMindtree will be responsible for designing, building, and operating the complete technology backbone, delivering an end-to-end digital AI ecosystem that covers the entire PAN service lifecycle. This includes:

  • Application processing
  • Validation
  • Printing
  • Dispatch services

The project's scope extends to several critical areas:

  1. Data Migration and Integration: Migrating existing PAN data with AI-led deduplication and secure integration with the Aadhaar Data Vault.
  2. Infrastructure Setup: Establishing robust data centers, disaster recovery sites, and operational facilities.
  3. Security Measures: Setting up Network Operations Centre (NOC) and Security Operations Centre (SOC) to ensure data protection and system integrity.
  4. User Support: Implementing a call center, multilingual helpdesk, and grievance redressal system for citizen support.
  5. Quality Assurance: Managing audit and certification processes to ensure compliance and maintain high standards.

Timeline and Impact

The rollout of the PAN 2.0 project is planned over the next 18 months. Once implemented, it is expected to significantly enhance the efficiency and transparency of tax identity services for millions of users across India. The new system aims to improve the overall user experience by providing a more accessible and user-friendly platform for PAN-related services.

LTIMindtree's Commitment

Venu Lambu, CEO and Managing Director of LTIMindtree, expressed the company's dedication to the project, stating, "We're honoured to be entrusted with building this next-generation platform. PAN 2.0 is a flagship opportunity to demonstrate how AI and technology can elevate the everyday experience of citizens. It strengthens our partnership with the Government of India and reflects our shared commitment to building a resilient, future-ready public digital infrastructure."

Broader Implications

This project aligns with the Indian government's broader digital transformation strategy, introducing smarter processes, stronger safeguards, and improved access for citizens. For LTIMindtree, it represents a defining mandate in its journey of delivering national-scale digital solutions that have a significant impact on public services.

Company Background

LTIMindtree, a Larsen & Toubro Group company, is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. With a team of 83,000+ professionals across more than 40 countries, LTIMindtree serves as a digital transformation partner to over 700 clients worldwide.

The company's expertise in delivering large-scale digital transformation projects positions it well to execute the PAN 2.0 initiative, which is set to be a cornerstone in India's ongoing efforts to digitize and streamline government services.

Historical Stock Returns for LTI Mindtree

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+0.77%+2.64%+4.42%+18.87%-16.58%+101.10%
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