LTM Limited, known as LTIMindtree until 2026, is an Indian IT services and consulting company controlled by Larsen & Toubro (about 68.6%). It was formed in November 2022 by merging L&T Infotech and Mindtree. In FY26 it reported revenue of ₹42,308 crore ($4.76 billion) and net profit of ~$624 million (₹5,378 crore). CEO Venu Lambu has led it since May 31, 2025, and it had 87,886 employees at June 30, 2026.
What Does LTM Do?
LTM helps large enterprises build, run and modernize their technology. Its work includes:
- Application services: developing and maintaining business software, including SAP and Oracle ERP.
- Cloud and infrastructure: migrating workloads to Microsoft Azure, AWS and Google Cloud, then managing them.
- Data and AI: data platforms, analytics and generative AI, supported by its Canvas.ai and Fosfor platforms.
- Digital engineering and cybersecurity: product engineering, IoT and security services.
How Does LTM Make Money?
LTM bills clients through time-and-materials and multi-year fixed-price or managed-services contracts, with most delivery done from India. It reports revenue across five verticals: Banking, Financial Services & Insurance (the largest); Technology, Media & Communications; Manufacturing & Resources; Consumer Business; and Healthcare, Life Sciences & Public Services. In Q1 FY27, AI-related offerings were running at about $150 million a quarter.
Financial Performance
Revenue grew from ~$3.85 billion (₹33,183 crore) in FY23 to ~$4.91 billion (₹42,308 crore) in FY26. FY26 growth was 11.3% in rupees and 5.3% in constant currency. In Q1 FY27 revenue was ₹11,608 crore ($1,223.5 million) with a 15.5% EBIT margin, and net profit rose about 17% year on year.
Why LTIMindtree Became LTM
In February 2026 the board approved changing the name to LTM Limited along with a new brand identity. The NSE symbol changed from LTIM to LTM on April 17, 2026. In May 2026 the company agreed to buy Randstad Digital's businesses in France, Germany, Belgium, Luxembourg and Australia for ~$181 million (€160 million). It was the company's first acquisition since the merger and adds about $530 million (€469 million) in annual revenue.
Who Are LTM's Competitors?
LTM competes with TCS, Infosys, HCLTech, Wipro and Tech Mahindra in India, and with Accenture, Cognizant and Capgemini worldwide.
