LTIMindtree
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Founders
Larsen & Toubro (Parent Conglomerate), Subroto Bagchi (Mindtree Heritage Founder) · Founded 1996 · Mumbai, Maharashtra & Bengaluru, Karnataka, India
Quick Answer
LTIMindtree was founded by Larsen & Toubro (Parent Conglomerate), Subroto Bagchi (Mindtree Heritage Founder) in 1996 in Mumbai, Maharashtra & Bengaluru, Karnataka, India. The company is currently led by Debashis Chatterjee.
In 1996, Indian engineering giant Larsen & Toubro established L&T Information Technology (later LTI) in Mumbai to deliver software engineering and ERP services to global industrial clients. Separately, in August 1999, ten technology veterans—led by Subroto Bagchi, Krishnakumar Natarajan, and Ashok Soota—founded Mindtree in Bengaluru with angel backing from Walden International, pioneering born-digital product engineering and human-centric corporate culture. In 2019, L&T executed a landmark hostile acquisition of Mindtree, purchasing Café Coffee Day founder V.G. Siddhartha's stake. In November 2022, L&T completed the historic operational merger of LTI and Mindtree, creating **LTIMindtree**—a unified $4.4B digital powerhouse uniting 82,000 engineers.
Larsen & Toubro is India's premier multi-billion-dollar engineering, construction, and manufacturing conglomerate founded in 1938.
Larsen & Toubro founded LTI in 1996 and acquired Mindtree in 2019 to create LTIMindtree. L&T's industrial leadership and sovereign trust provide LTIMindtree with immense corporate credibility.
Subroto Bagchi is an Indian tech entrepreneur, author, and business leader who co-founded Mindtree in 1999 after leading Wipro's global R&D.
Subroto Bagchi was the spiritual architect of Mindtree, instilling its human-centric corporate culture and digital engineering focus that remains core to LTIMindtree today.
S.N. Subrahmanyan
Chairman of LTIMindtree & Chairman/MD of L&T
Conglomerate leader guiding LTIMindtree's strategic governance, capital allocation, and group cross-selling synergies.
Debashis Chatterjee
Chief Executive Officer & Managing Director
Former Cognizant top executive who served as CEO of Mindtree and architected the successful operational merger with LTI, driving record revenue and margin expansion.
A.M. Naik
Founder Chairman (L&T Group)
Legendary Indian corporate leader who founded LTI in 1996 and orchestrated the acquisition of Mindtree, building L&T's IT empire.
LTIMindtree was founded in 1996 by Larsen & Toubro (Parent Conglomerate), Subroto Bagchi (Mindtree Heritage Founder) in Mumbai, Maharashtra & Bengaluru, Karnataka, India.
The founders established LTIMindtree with the objective of solving core inefficiencies in Information Technology Services, Enterprise Digital Engineering, Cloud Systems Integration, Data Intelligence & Generative AI Solutions, laying the foundation for its current global scale.
Even as LTIMindtree scales to $4.4B, the organization maintains the founders' commitment to innovation and customer-centric execution.