LTIMindtree Secures $100 Million Multi-Year Deal with Global Chemicals and Polymers Manufacturer

LTI Mindtree , a global technology consulting and digital solutions company, has announced a significant multi-year strategic agreement with a leading US-based global manufacturer of chemicals and polymers. The deal, valued at just over $100 million, marks a substantial win for LTIMindtree in the chemicals sector.

Deal Highlights

Aspect	Details
Contract Value	Just above $100 million
Duration	Multi-year
Client	US-based leading global manufacturer of chemicals and polymers
Services Covered	Core Business Applications, Infrastructure Operations, End User Support, Software Asset governance, Project execution

Strategic Implications

The agreement is designed to drive intelligent efficiencies across the client's IT ecosystem. LTIMindtree plans to leverage AI, automation, and streamlined processes to achieve several key objectives:

Cost optimization
Vendor consolidation
Continuous innovation
Enhanced service delivery
Achievement of strategic outcomes

Leadership Perspective

Venu Lambu, Chief Executive Officer and Managing Director of LTIMindtree, commented on the deal: "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."

Ramesh Kannan, Chief Business Officer for Energy & Utilities at LTIMindtree, added: "We're honored by our client's trust in LTIMindtree. This partnership underscores our shared commitment to building a future-ready IT ecosystem powered by innovation, efficiency, and excellence."

Company Overview

LTIMindtree, a Larsen & Toubro Group company, partners with enterprises across industries to reimagine business models, accelerate innovation, and drive AI-centric growth. The company serves more than 700 clients worldwide and employs over 86,000 professionals across 40+ countries.

This strategic agreement not only solidifies LTIMindtree's position in the chemicals and energy sector but also demonstrates the company's capability to deliver comprehensive IT services and drive digital transformation for global enterprises.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.69%	+0.78%	+9.34%	+25.70%	-4.24%	+94.57%

LTI Mindtree , a leading global technology consulting and digital solutions company, has reported robust financial results for the second quarter, demonstrating steady growth and improved profitability.

Key Financial Highlights

Metric	Q2 FY2026	QoQ Growth	YoY Growth
Revenue	$1.18 billion	2.30%	4.80%
Revenue (Constant Currency)	-	2.40%	4.40%
EBIT Margin	15.9%	160 bps*	-
Profit After Tax	₹1,381 crores	10.10%	10.40%
Order Inflow	$1.59 billion	-	22.00%

*bps: basis points

LTIMindtree's revenue reached $1.18 billion in Q2, marking a 2.3% quarter-on-quarter growth in USD terms and a 2.4% growth in constant currency. The company's EBIT margin expanded significantly by 160 basis points, from 14.3% in Q1 to 15.9% in Q2, surpassing company plans.

Strong Deal Momentum

The company reported an impressive order inflow of $1.59 billion, up 22% year-on-year. This marks the fourth consecutive quarter of order inflow around $1.6 billion, indicating strong business momentum. LTIMindtree secured large deals across all five of its verticals, including partnerships with global media companies, financial institutions, and chemical manufacturers.

Vertical Performance

All verticals showed sequential growth for the second consecutive quarter:

Consumer Business: 9.1% growth
Healthcare, Life Sciences, and Public Services: 10.2% growth
Manufacturing and Resources: 1.7% growth
Banking, Financial Services, and Insurance (BFSI): 0.2% growth
Technology, Media, and Communication: 0.1% growth

Geographic Performance

Americas: 2.1% sequential growth
Europe: 2.4% sequential growth
Rest of the World: 3.7% sequential growth

Workforce and Operational Metrics

LTIMindtree's headcount reached 86,447, with a net addition of 2,558 employees, including 2,604 freshers. The company's utilization rate, excluding trainees, remained steady at 88.1%. The trailing 12-month attrition rate decreased to 14.2% from 14.4% in the previous quarter.

AI and Innovation Focus

The company is actively driving AI adoption across its client base, with more than 40-50 accounts adopting AI solutions in the quarter. LTIMindtree is leveraging its ADAPT framework to measure AI adoption maturity and skill sets in client accounts.

Dividend Announcement

The Board of Directors has approved an interim dividend of ₹22 per equity share, representing a 10% increase from the previous year.

Management Commentary

Venu Lambu, Chief Executive Officer and Managing Director of LTIMindtree, commented on the results: "Q2 has been a strong quarter for us, marked by broad-based performance across our business. We are committed to becoming an AI-centric organization in the agentic enterprise era. Our strategy remains on course, driven by sales transformation, Fit for Future program, and focus on large deals."

Lambu also addressed the company's approach to AI-driven productivity gains, stating, "We are proactively championing the partnership of AI infusion in our existing segment. The right strategy is to let go of what is right productivity gain to our customers because we win back more compared to what we give."

Looking ahead, LTIMindtree remains confident in its ability to sustain momentum and achieve near double-digit growth in the second half of the fiscal year, while acknowledging ongoing productivity-related recalibrations in some top client accounts due to AI implementation.

As LTIMindtree continues to navigate the evolving landscape of AI and digital transformation, the company's strong Q2 performance and robust deal pipeline position it well for continued growth and innovation in the coming quarters.