LTM (formerly LTIMindtree)
Leadership History
3 leaders · 2015 to present
Venu Lambu is the CEO of LTIMindtree, in the role since 2025. The first chief executive was Sanjay Jalona, from 2015.
| Name | Role | From | To | Years in role |
|---|---|---|---|---|
| Venu Lambu | Chief Executive Officer and Managing Director | 2025 | Present | 1 |
| Debashis Chatterjee | Chief Executive Officer & Managing Director | 2019 | 2025 | 6 |
| Sanjay Jalona | Chief Executive Officer and Managing Director, LTI | 2015 | 2022 | 7 |
LTM, previously LTIMindtree, is the IT services company of the Larsen & Toubro group. It helps large enterprises modernize their applications, move to the cloud, manage data and adopt AI. It is listed on the NSE (symbol LTM) and BSE (540005), is part of the Nifty 50, and is controlled by L&T. As of mid-2026 it employed 87,886 people. The company is headquartered in Mumbai, India.
LTM earns money by selling IT services to large enterprises, mostly in North America and Europe. Contracts are billed either as time-and-materials work or as fixed-price and managed-services deals that run for several years. Work covers application development and maintenance, cloud and infrastructure management, data and analytics, cybersecurity, ERP implementation (SAP, Oracle) and, increasingly, AI-led modernization. Most engineers sit in Indian delivery centers, while client-facing and some delivery teams work onshore and nearshore, so dollar and euro billing set against rupee costs supports margins. In Q1 FY27, CEO Venu Lambu said AI-related offerings were bringing in about $150 million a quarter. Revenue is reported across five verticals: Banking, Financial Services & Insurance; Technology, Media & Communications; Manufacturing & Resources; Consumer Business; and Healthcare, Life Sciences & Public Services.
Chief Executive Officer and Managing Director
2025 – Present
1 year (current)
Lambu managed the incredibly complex client integration process during the massive LTI and Mindtree merger, ensuring that major Fortune 500 accounts did not churn to rivals during the transition.
Serving as Executive Director and President, he aggressively drove the combined company's expansion in Europe and the Americas before departing in 2023.
Chief Executive Officer & Managing Director
2019 – 2025
6 years
Chatterjee orchestrated the absolute masterstroke of smoothly merging two massive, culturally distinct IT firms (L&T Infotech and Mindtree) into a single $4 billion behemoth without triggering a massive exodus of engineering talent.
As the CEO of the merged entity, he is tasked with pushing LTIMindtree into the highly elite 'Tier 1' status of Indian IT, aggressively competing directly against TCS and Infosys.
Chief Executive Officer and Managing Director, LTI
2015 – 2022
7 years
Jalona joined from Infosys in 2015 to lead Larsen and Toubro Infotech and took it public in 2016.
LTI revenue passed $2 billion under him. He resigned in November 2022 when LTI merged with Mindtree.
LTM's main challenges are slow dollar growth (Q1 FY27 revenue of $1,223.5 million was up only 0.1% on the previous quarter), clients cutting discretionary IT spending, and pressure on pricing as AI tools automate maintenance and testing work that used to be billed by the hour. It also competes for large deals against TCS, Infosys, HCLTech, Wipro, Accenture and Cognizant, most of which have bigger balance sheets. On top of that it has to close and integrate the Randstad Digital acquisition in Europe and Australia, keep EBIT margins moving toward its 17-18% target band from 15.5% in Q1 FY27, and depends heavily on North American clients.
Venu Lambu has been CEO and Managing Director since May 31, 2025. Debashis Chatterjee, his predecessor, led Mindtree from 2019 and the combined LTIMindtree from 2022 until he retired in May 2025. Prior to leading the combined entity in 2022, Chatterjee served as CEO and MD of Mindtree (2019 to 2022) and spent over 22 years in senior executive leadership at Cognizant, including as President of Global Delivery.
Sanjay Jalona served as Chief Executive Officer and Managing Director of LTI from 2015 to 2022. Jalona transformed LTI from an internal IT arm into one of India's fastest-growing IT services firms, orchestrating its 2016 IPO before stepping down prior to the merger completion.
Mindtree was led by distinguished IT leaders including Ashok Soota (Chairman and CEO, 1999 to 2011), Subroto Bagchi, Krishnakumar Natarajan (CEO, 2011 to 2016), and Rostow Ravanan (CEO, 2016 to 2019), who established Mindtree's culture of engineering excellence.
A.M. Naik, well-known Group Chairman of Larsen & Toubro, was the principal architect behind building LTI from inception in 1996, executing the historic acquisition of Mindtree in 2019, and merging the two companies in 2022 to create an IT leader.
S.N. Subrahmanyan, Chairman and Managing Director of Larsen & Toubro Limited, serves as the Chairman of LTIMindtree, aligning the IT services subsidiary with the broader strategic and financial growth ambitions of the L&T Group.
Since taking over in May 2025, Venu Lambu has rebranded the company as LTM, organized its AI offerings into creative, business and industrial categories, and led its first acquisition since the merger: Randstad Digital units in Europe and Australia, agreed in 2026 for ~$181 million (€160 million).
Debashis Chatterjee serves as CEO. He was previously the CEO of Mindtree (appointed after L&T's massive hostile takeover in 2019). When the massive 2022 merger was announced, LTI's highly successful CEO, Sanjay Jalona, abruptly resigned, leaving Chatterjee to aggressively execute the incredibly difficult task of merging two massively proud, highly distinct engineering cultures without losing key talent.
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