Indian IT firm bags its ‘largest-ever’ contract worth Rs 38215586880; not Narayana Murthy’s Infosys, Ratan Tata’s TCS, Wipro, the name is…

Indian IT firm LTIMindtree has bagged its ‘largest-ever’ contract worth $450 million (about Rs 3,821 crore), the company announced Monday. In an official release, LTIMindtree said it inked a seven-year deal with a firm holding a leadership position in the global agribusiness sector.

“LTIMindtree announced a strategic agreement with a leader in the global agribusiness sector. This is the largest deal in the history of LTIMindtree, valued at USD 450 million across seven years,” it said.  However, the Indian IT services exporter did not divulge the name of its new mystery partner.

According to the release, LTIMindtree said that under the deal, it will implement an AI-powered operating model to deliver application management, infrastructure support, and cybersecurity services.

The company said the suite of future-ready IT services, built on platforms such as SAP, S/4HANA, ServiceNow, Microsoft Azure, as well as proprietary AI frameworks, are aimed at enhancing the client’s operational efficiency, scalability, and global growth.

“Securing this large deal marks a pivotal milestone as we transform to an AI-driven business model, helping our clients enhance productivity. “We are proud to be the trusted partner for one of the world’s most respected agribusiness companies,” Venu Lambu, Chief Executive Officer (Designate) and Whole-Time Director, LTIMindtree said.

Nachiket Deshpande, President – Global AI Services, Strategic Deals at LTIMindtree termed it an “important deal” and said winning it underscores the company’s strength in crafting innovative solutions and delivering with excellence.

Meanwhile, following the announcement of the deal, LTIMindtree shares rose as much as 7.7%, an increase of 6% before the news was announced.

Notably, LTIMindtree’s mega deal comes at a time when its larger peers like Narayana Murthy-led Infosys, Tata Group’s Tata Consultancy Services (TCS), and Azim Premji’s Wipro are struggling to secure large deals due to macroeconomic uncertainties and tariff risks that have slowed India’s $283 billion IT sector.

(With inputs from agencies)

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