LTIMindtree Ltd gained a contract valued at ₹3,000 crore ($332 million) from the Central Board of Direct Taxes (CBDT), making it the third-largest order for the IT companies firm previously 12 months.
The contract is to construct an AI‑powered programme for the modernization of India’s nationwide tax analytics platform, LTIMindtree mentioned in a inventory alternate submitting on Friday.
“Valued at round ₹3,000 crore, this seven-year mandate reinforces LTIMindtree’s management in enabling digital transformation leveraging superior digital structure and knowledge analytics to ship real-time insights for policymakers,” the corporate mentioned within the launch.
This interprets to at the very least $47 million yearly, or 1% incrementally, for the nation’s sixth-largest IT companies firm. LTIMindtree ended final fiscal with $4.93 billion in income, up 4.8%.
That is LTIMindtree’s second engagement with the central tax physique in lower than a 12 months. On 7 August, the CBDT awarded a ₹792 crore ($87 million) mandate to LTIMindtree to rework India’s PAN (Everlasting Account Quantity) infrastructure. As per the phrases of the deal, LTIMindtree would design, construct and function the tax physique’s back-end IT, together with infrastructure, safety, automation and ongoing operations.
This deal comes as a shot within the arm for CEO Venu Lambu, who took over the reins in June 2025, and has already gained the corporate its second big-ticket deal in lower than a 12 months.
On 6 October, the corporate introduced its largest deal – a $585 million IT modernization contract with New York-based media firm Paramount International over a six-year time period. Not less than three-fifths of this deal, or about $350 million, is new enterprise for the corporate and interprets into 1.3% incrementally.
The Paramount deal surpassed LTIMindtree’s seven-year, $450-million IT modernization contract with ADM, introduced on 12 Might. This deal interprets into 1.4% progress for the Mumbai-based firm.
Incremental progress
LTIMindtree, which doesn’t share full-year or quarterly income steering, is now anticipated to develop as much as 3.3% incrementally from the three offers alone.
The corporate’s shares rose 4.89% to ₹6,325 as of two:35 PM on Friday.
CEO Venu Lambu is more likely to touch upon this deal when the corporate declares its third-quarter earnings on 19 January, an government aware about the event mentioned. LTIMindtree doesn’t particularly share income from India, which is within the rest-of-the-world class that accounts for a bit of greater than a tenth of the enterprise.
This deal comes as Indian IT outsourcers look inwards to drive extra income. Per week in the past, HCLTech elevated Sandeep Saxena to chief progress officer to “sharpen its focus, specifically, on the India area.”
Tata Consultancy Companies Ltd bagged a $1.83 billion 4G community deployment contract from state-run Bharat Sanchar Nigam Ltd in August 2023, making it among the many largest offers awarded by an Indian authorities physique to an IT outsourcer.
For LTIMindtree, which was shaped after dad or mum Larsen & Toubro merged L&T Infotech with Mindtree in 2019, the deal comes on slowing demand restoration for IT companies amid macroeconomic uncertainty, tax wars in its largest markets, and the disruptive nature of AI. The massive offers might probably offset the income discount brought on by these three elements.
