Try GOLD - Free
LTIMindtree Bags Its Largest Deal From Chicago's ADM
Mint New Delhi
|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 New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
How an Abu Dhabi unit became vital for Reliance
An Abu Dhabi-based subsidiary of Reliance Industries, Reliance International Ltd, has emerged as one of the conglomerate's vital units in the face of shifting global oil trade and now accounts for nearly a fifth of the parent's consolidated revenue.
4 mins
November 13, 2025
Mint New Delhi
Why are online betting ads still buzzing in India?
A flurry of illegal betting ads is once again in regulators' crosshairs. The Advertising Standards Council of India, in its latest report, found that most of the complaints it got related to offshore and illegal betting ads. Why are they a problem and who's involved? Mint explains.
2 mins
November 13, 2025
Mint New Delhi
Retail inflation hits a record low in Oct
India’s retail inflation plunged to a record low of 0.25% in October from 1.44% the previous month, creating more room for a potential interest rate cut in December.
2 mins
November 13, 2025
Mint New Delhi
Sebi panel pitches disclosure overhaul
Goal to strengthen transparency at appointment stage and after
2 mins
November 13, 2025
Mint New Delhi
Inflation cheer
Policymakers couldn't have had it better. Economic impulses in India’s economy are exhibiting signs of strength even as inflation has been under the Reserve Bank of India’s (RBI) 2% lower threshold for three months out of four; government data issued on Wednesday showed it dipped to a record-low of 0.25% from a year earlier in October.
1 min
November 13, 2025
Mint New Delhi
KPIT: Strong deal flow, but can it keep engine humming?
Midcap information technology (IT) company KPIT Technologies, which has carved a niche in automotive software services, is set to bear the brunt of planned cuts in IT investments by automobile original equipment manufacturer clients.
1 mins
November 13, 2025
Mint New Delhi
NTPC in talks with 16 states for land to set up nuclear facilities
State-run thermal power major NTPC Ltd is scouting for land across 16 states to develop nuclear power plants, said two people in the know of the development.
1 mins
November 13, 2025
Mint New Delhi
Tata's CV business lists, 27 years after Ratan Tata’s wish
More than a quarter of a century after the late Ratan Tata first hinted at Tata Motors splitting its operations into two companies, one making cars and the other trucks and buses, the automaker has finally consummated the demerger.
2 mins
November 13, 2025
Mint New Delhi
Fila reviews options for stake in Doms
Italian stationery company Fila SpA is reviewing options for its minority stake in India-listed Doms Industries Ltd as it seeks to deepen ties with the fast-growing Asian market, according to people familiar with the matter.
1 min
November 13, 2025
Mint New Delhi
HAL posts 11% rise in quarterly profit
Hindustan Aeronautics Ltd (HAL) reported higher second-quarter profit on Wednesday, supported by strong order execution, though weaker operating margins dragged its shares down 3% after results.
1 min
November 13, 2025
Listen
Translate
Change font size