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LTIMindtree Bags Its Largest Deal From Chicago's ADM
Mint Hyderabad
|May 13, 2025
Seven-year, $450 mn contract makes firm second mid-cap IT co to bag biggest deal since Jan
LTIMindtree Ltd secured its largest deal from Archer-Daniels Midland Co (ADM), a Chicago-based food processing and commodities trading company, three people with knowledge of the matter told Mint. This makes it the second mid-cap information technology (IT) services provider after Coforge Ltd to bag its largest contract since January.
The country's sixth-largest IT outsourcer bagged a seven-year deal valued at $450 million, according to a LTIMindtree press release on Monday. To be sure, LTIMindtree did not disclose the name of the client in its press release. As part of the deal, LTIMindtree would handle the agribusiness company's IT infrastructure, manage its software, and provide cybersecurity services.
This implies that the IT services company would get about $64 million on an average from the client annually. That translates to at least a 1.4% full-year growth for LTIMindtree, which ended the 12 months through March 2025 with $4.49 billion in revenue.
Queries emailed to LTIMindtree and ADM on Monday went unanswered until press time.
This story is from the May 13, 2025 edition of Mint Hyderabad.
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