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India's LTIMindtree wins its largest-ever deal; sources peg size at $580 million
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India's LTIMindtree wins its largest-ever deal; sources peg size at $580 million
Oct 6, 2025 7:43 AM

By Sai Ishwarbharath B and Haripriya Suresh

BENGALURU, Oct 6 (Reuters) - Indian IT services company

LTIMindtree announced on Monday that it had won its

largest-ever deal, with two sources aware of the matter pegging

the size at $580 million.

The sixth largest software services exporter in India said

the deal was with a leading global media and entertainment

company, but did not disclose the name of the client.

The company did not immediately respond to a request for

comment on the size of the deal or the name of the client.

The deal comes at a time when India's $283-billion IT sector

is facing macroeconomic uncertainties, tariff-related risks and

changes in U.S. immigration policy. India's IT companies will

report their numbers for the September quarter starting

Thursday, and analysts expect muted results.

LTIMindtree had also announced its now second-largest deal

of $450 million in May, which sources said was with U.S.

agribusiness giant Archer-Daniels-Midland ( ADM ).

The company's shares closed 3% higher on Monday, marking

their biggest daily jump in nearly five months.

LTIMindtree said it will play a role in the client's efforts

"to streamline operations and modernise delivery models,

incorporating automation, process optimisation, and vendor

consolidation".

HFS Research CEO Phil Fersht said mid-cap companies such

as LTIMindtree, Coforge and Mphasis are

showing momentum in large deal wins as "they're faster and more

flexible in shaping AI-led value propositions".

"While the large caps are still optimising legacy

portfolios, these mid-caps are winning new logos and expanding

into outcome-based, AI-powered deals," he added.

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