Infosys vs LTIMindtree: Founders, CEOs and History
Infosys was founded in 1981 by N. R. Narayana Murthy, Nandan Nilekani, S. Gopalakrishnan and is led by Salil Parekh. LTIMindtree was founded in 1996 by Larsen & Toubro, Subroto Bagchi and is led by Venu Lambu.
Company facts
Infosys
- Founded
- 1981
- Headquarters
- Bengaluru, Karnataka, India
- Current CEO
- Salil Parekh
- Employees
- 328,594
LTIMindtree
- Founded
- 1996
- Headquarters
- Mumbai, Maharashtra & Bengaluru, Karnataka, India
- Current CEO
- Venu Lambu
- Employees
- 87,886
Founders
Infosys
N. R. Narayana Murthy
Infosys possesses arguably the most ethical, well-known founding story in modern Indian corporate history, defining the 'middle-class' technology miracle of Bangalore and famously prioritizing rigorous corporate governance in a heavily corrupt regulatory era.
Nandan Nilekani
Nandan Nilekani served as Infosys CEO from 2002 to 2007, a period when the company expanded into global markets and deepened its position with Fortune 500 clients.
S. Gopalakrishnan
S. Gopalakrishnan co-founded Infosys in 1981 and served as CEO from 2007 to 2011, handling the company through the global financial crisis while maintaining profitability and client trust.
S. D. Shibulal
S. D. Shibulal co-founded Infosys in 1981 and served as CEO from 2011 to 2014. His tenure came during a transitional period when traditional outsourcing growth was slowing and the market was beginning to shift toward digital transformation, cloud, and automati…
K. Dinesh
K. Dinesh co-founded Infosys in 1981 and spent his career building the company's internal operating systems, quality processes, human resources practices, training programs, and organizational development.
N. S. Raghavan
N. S. Raghavan co-founded Infosys and served as a stabilizing administrative force during the company's fragile early years.
Ashok Arora
Ashok Arora co-founded Infosys in 1981 and contributed to the company's earliest technical work and client delivery. Unlike the other six founders, Arora left the company relatively early and sold his stake before Infosys became a public-market success.
LTIMindtree
Larsen & Toubro
Larsen & Toubro, the Mumbai-based engineering and construction group founded in 1938 by Danish engineers Henning Holck-Larsen and Søren Kristian Toubro, set up L&T Information Technology in 1996.
Subroto Bagchi
Subroto Bagchi was one of the ten people who founded Mindtree in Bengaluru in 1999. The others included Ashok Soota and Krishnakumar Natarajan. Bagchi had worked at Wipro and Lucent and later served as Mindtree's COO and vice chairman.
CEOs and their tenures
Infosys
- S. D. Shibulal2011–2014
Co-founder and Former CEO
He was the last founder to serve as CEO before the board appointed an outside leader.
Source - Vishal Sikka2014–2017
Former CEO
He resigned in August 2017 after public criticism from founder N. R. Narayana Murthy over governance, executive pay, and the Panaya acquisition.
Source - Nandan Nilekani2017–present
Co-founder and Non-Executive Chairman
His return restored investor confidence and ended the founder-board conflict. He earlier served as CEO from 2002 to 2007 and led India's Aadhaar digital ID programme.
Source - Salil Parekh2018–present
Chief Executive Officer and Managing Director
Under Parekh revenue rose from about $11.8 billion in FY2019 to $20.16 billion in FY2026 while operating margins stayed near 20%-21%. His board reappointed him for a second five-year term starting April 2022.
Source - Jayesh Sanghrajka2023–present
Chief Financial Officer
He has kept operating margins within the 20%-22% guidance band during a slow-growth period.
Source
LTIMindtree
- Debashis Chatterjee2019–2025
Chief Executive Officer & Managing Director
Cognizant veteran who became Mindtree CEO in 2019 and led the merged LTIMindtree from November 2022 until retiring in May 2025.
Source - Venu Lambu2025–present
Chief Executive Officer and Managing Director
Former CEO of Randstad Digital; took over on May 31, 2025 after Debashis Chatterjee retired.
Source
Timeline: Infosys and LTIMindtree side by side
1981Infosys
Infosys Founded
Seven engineers founded Infosys in Pune before relocating and scaling the company in Bengaluru.
1993Infosys
Indian Public Listing
Infosys listed in India and began building a transparent governance reputation.
1996LTIMindtree
L&T sets up its IT services unit
L&T Information Technology, later Larsen & Toubro Infotech (LTI), is established in Mumbai.
1999Infosys
NASDAQ Listing
Infosys became the first Indian company listed on NASDAQ, boosting global investor credibility.
1999LTIMindtree
Mindtree founded in Bengaluru
Ten IT veterans including Ashok Soota, Subroto Bagchi and Krishnakumar Natarajan found Mindtree.
2000Infosys
Finacle Scales
Infosys expanded its banking software platform, creating product-led switching costs inside banks.
2016LTIMindtree
LTI lists on NSE and BSE
L&T Infotech completes its IPO in India.
2018Infosys
Salil Parekh Becomes CEO
Salil Parekh became CEO and began a period focused on large deals, cloud, AI, and delivery discipline.
2019LTIMindtree
L&T takes control of Mindtree
L&T buys V.G. Siddhartha's stake and makes an open offer, gaining majority control despite founder opposition.
2022LTIMindtree
LTI and Mindtree merge into LTIMindtree
The all-share merger completes on November 14, 2022, with 73 LTI shares issued for every 100 Mindtree shares.
2025LTIMindtree
Venu Lambu becomes CEO
Former Randstad Digital CEO Venu Lambu succeeds Debashis Chatterjee on May 31, 2025.
2026Infosys
Revenue Crosses $20B
Infosys reported $20.158 billion in FY2026 revenue, up 3.1% in constant currency, with $14.9 billion in large-deal wins.
2026Infosys
FY2027 Guidance Cut
In July 2026 Infosys reported Q1 FY2027 revenue of $5.082 billion and lowered full-year growth guidance to 1.5%-3.0% in constant currency.
2026LTIMindtree
Rebrands as LTM and agrees Randstad Digital deal
Renamed LTM Limited (NSE symbol LTM from April 17, 2026); agrees in May to buy Randstad Digital units in Europe and Australia for ~$181 million (€160 million).
Acquisitions
Infosys
- MRE Consulting2025$36M
- InSemi Technology Services2024$33.7M
- In-tech2024$485M
- BASE life science2022Undisclosed
- Oddity2022Undisclosed
- Simplus2020$250M
LTIMindtree
- Randstad Digital technology & consulting businesses (France, Germany, Belgium, Luxembourg, Australia)2026$186M
- Mindtree Limited (merged into LTI)2022Undisclosed
Questions about Infosys vs LTIMindtree
Who is the CEO of Infosys Limited and LTM (formerly LTIMindtree)?
Infosys Limited is led by Salil Parekh and LTM (formerly LTIMindtree) is led by Venu Lambu. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Infosys Limited founded vs LTM (formerly LTIMindtree)?
Infosys Limited was founded in 1981 — 15 years before LTM (formerly LTIMindtree), which was founded in 1996. Infosys Limited's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger LTM (formerly LTIMindtree).
How many employees does Infosys Limited have compared to LTM (formerly LTIMindtree)?
Infosys Limited employs approximately 328,594 people, while LTM (formerly LTIMindtree) employs approximately 87,886. Infosys Limited has the larger workforce at 328,594 employees, compared to LTM (formerly LTIMindtree)'s 87,886. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Infosys Limited and LTM (formerly LTIMindtree) headquartered?
Both Infosys Limited and LTM (formerly LTIMindtree) are headquartered in India, meaning they operate under the same primary regulatory and tax environment.
Who founded Infosys Limited and LTM (formerly LTIMindtree)?
Infosys Limited was founded by N. R. Narayana Murthy, Nandan Nilekani, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh, N. S. Raghavan, Ashok Arora. LTM (formerly LTIMindtree) was founded by Larsen & Toubro, Subroto Bagchi.
Which company has a longer operating history — Infosys Limited or LTM (formerly LTIMindtree)?
Infosys Limited has been operating for approximately 45 years, making it the more established of the two companies. LTM (formerly LTIMindtree) has been in operation for around 30 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Infosys vs LTIMindtree overview