LTIMindtree

LTIMindtree Limited is an Indian multinational information technology services and consulting company based in Mumbai. A subsidiary of Larsen & Toubro, the company was incorporated in 1996 and employs more than 81,000 people.

History
The company was founded as L&T Information Technology Ltd in December 1996 as a subsidiary of Larsen & Toubro. During 2001–2002 the company's name was changed from L&T Information Technology Ltd to L&T Infotech Ltd and in the same year the company achieved the assessed level of Software Engineering Institute's (SEI) Maturity Level 5.

Between 2009 and 2012, parent Larsen & Toubro sought to scale up L&T Infotech by making a series of acquisition attempts, for Satyam Computer Services, Patni Computer Systems and Hexaware Technologies, all three of which proved to be unsuccessful.

In 2013–14, L&T Infotech's engineering services segment was acquired by parent Larsen & Toubro's newly created technology and engineering services subsidiary called L&T Technology Services.

In July 2016, L&T Infotech went public via an initial public offering (IPO) of inr 12430000000.

The company rebranded itself as 'LTI' with a tag line of 'Let's Solve' in May 2017.

Mindtree merger
In June 2019, Larsen & Toubro completed its hostile takeover of Bengaluru-based company Mindtree, despite opposition from the latter's promoters.

In May 2022, it was announced that Mindtree, which was then a different IT services subsidiary of Larsen & Toubro, will be merged into LTI, and the company will be renamed as LTIMindtree. Larsen & Toubro Group chairman A. M. Naik commented that there was not much overlap between the two companies in terms of industries and clientele; LTI had a plurality in BFSI industry and was present in oil and gas sector, while Mindtree had a plurality in technology, media and telecommunications (TMT) with a presence in travel and hospitality.

The merger was completed in November 2022. After the merger, LTIMindtree became India's fifth largest provider of IT services by market capitalisation and sixth largest by revenue. Shares of Mindtree were delisted and shareholders were allotted 73 shares of LTI for every 100 shares of Mindtree held. The parent company, Larsen & Toubro, held a 68.73% stake in the merged entity.

Global presence
LTIMindtree has its presence across the following regions:
 * India:


 * Mumbai – Ballard Estate (HQ), Powai, Airoli, Mahape
 * Bangalore – Whitefield, Sattva Global City, Manyata Embassy Business Park, Electronic City
 * Pune – Hinjawadi, Shivajinagar, ICC Tech Park, Kharadi
 * Chennai – DLF Cybercity, Manapakkam
 * Hyderabad – Raidurg, HITEC City, Gachibowli
 * Kolkata – Salt Lake City, New Town
 * Delhi NCR – Moti Nagar, Noida
 * Kochi – InfoPark
 * Coimbatore – Rathinam TechZone, TIDEL Park
 * Mysore – Silver Spirit Tech Park
 * Nagpur – North Ambazari Road
 * Bhubaneswar – Khurda
 * Indore – Vijay Nagar
 * Warangal – Hanamkonda


 * North America: United States, Canada, Mexico, Costa Rica
 * Europe: United Kingdom, Germany, Netherlands, France, Sweden, Norway, Poland, Denmark, Finland, Spain, Belgium, Ireland, Romania, Cyprus
 * Asia Pacific: Australia, China, Singapore, Japan, Philippines, Malaysia, Taiwan, South Korea
 * Middle East: United Arab Emirates, Saudi Arabia, Qatar
 * Africa: South Africa, Morocco