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MindTree Ltd.
MindTree Ltd. was co-founded in 1999 by Ashok Soota, Subroto Bagchi, and a group of ten other IT professionals in Bangalore.
MindTree Ltd.
MindTree Ltd. was co-founded in 1999 by Ashok Soota, Subroto Bagchi, and a group of ten other IT professionals in Bangalore. In 2022, the company merged with Larsen & Toubro Infotech to form LTIMindtree, later rebranding as LTM in 2025. The firm's wealth originates from its public-market growth as an Indian IT services provider, not a family fortune. LTM delivers services across application management, cognitive infrastructure, cybersecurity, AI-led engineering, enterprise applications, and data analytics. The company serves 14 industries including banking, capital markets, healthcare, manufacturing, and retail, with confirmed clients including a leading OTT platform and a global energy giant. LTM operates proprietary platforms like BlueVerse, an agentic AI ecosystem, and has a joint venture with Aramco Digital called NextEra for Saudi Arabia's digital transformation. LTM has over 80,000 employees and offices in more than 30 countries. In 2025, the company announced an offer to acquire Randstad's Tech & Consulting Services business in Europe and Australia. LTM also forms strategic partnerships with Microsoft, Uniphore, Xage Security, and Armada to scale domain-specific AI and zero-trust cybersecurity. LTM's structural distinctiveness lies in its rebranding from a traditional IT services firm to an "AI-centric" company built for the "Agentic Enterprise era." The firm positions itself as a "Business Creativity partner," integrating human insights with intelligent systems — a shift from its legacy as a pure-play IT outsourcer.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Bangalore
Corporate office
Bangalore, India
Sector focus
Frequently asked questions
Who runs investment decisions at MindTree Ltd.?
MindTree Ltd., now LTM, is a publicly traded technology services company, not a family office. Investment decisions are made by its board of directors and executive management, including the CEO and CFO. As of 2026, leadership is not publicly disclosed as a named investment team.
How does LTM source proprietary deal flow?
LTM sources deals through strategic partnerships and joint ventures, such as NextEra with Aramco Digital. The company also acquires businesses, like its 2025 offer for Randstad's Tech & Consulting Services in Europe and Australia. No venture capital or direct investment arm is publicly disclosed.
Is MindTree/LTM structured as a single family office or a corporate entity?
LTM is a publicly traded corporation, not a family office. It is a subsidiary of Larsen & Toubro Group, but operates as an independent technology services firm. It has no wealth-management or investment-advisory functions.
Does LTM participate in fund commitments or only direct deals?
LTM does not commit to external funds. It makes direct corporate investments in acquisitions and joint ventures, such as the Randstad acquisition and the NextEra JV. No shared investment vehicles or SPVs have been publicly reported.
Which sectors does LTM explicitly avoid?
LTM does not publicly disclose any sectors it avoids. Its website lists 14 industries it serves, including banking, healthcare, energy, and manufacturing. There is no list of prohibited sectors.
How is LTM related to MindTree Ltd.?
LTM is the rebranded name of LTIMindtree, which was formed by the merger of MindTree Ltd. and Larsen & Toubro Infotech in November 2022. The merger combined MindTree's mid-tier IT services with LTI's enterprise-scale presence. The brand changed to LTM in 2025.
Does LTM maintain philanthropic structures, and how are they separated?
LTM's website mentions Environment, Sustainability and Governance (ESG) initiatives but does not disclose a separate philanthropic foundation or charitable trust. The firm's corporate social responsibility is integrated into its business operations.
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