IT firm LTIMindtree, achieved a major milestone in its history on Monday, signing a seven year deal valued at $450 million with a global agribusiness company. The company refrained from naming the client but described the agreement as its largest ever.Under the deal, LTIMindtree will utilise an AI-driven operating model to provide application management, infrastructure support, and cybersecurity services to enhance the client’s operational efficiency, scalability and worldwide growth. This all-encompassing suite combines cutting-edge IT solutions, built on platforms like SAP S/4HANA, ServiceNow, Microsoft Azure, and proprietary AI frameworks.Venu Lambu, chief executive officer and whole-time director, LTIMindtree said, “securing this large deal marks a pivotal milestone as we transform to an AI-driven business model, helping our clients enhance productivity.”“We are proud to be the trusted partner for one of the world’s most respected agribusiness companies,” the CEO added.Nachiket Deshpande, president, global AI services and strategic deals at LTIMindtree further said that the deal highlights the company’s strength in crafting innovative solutions and delivering with excellence.During the day, LTIMindtree shares saw a sharp jump, climbing as much as 7.7%. Prior to the announcement, the stock was already up around 6%, as a part of a broader rally in the IT sector amid improving global economic sentiment.The agreement is expected to strengthen the company’s position in delivering digital transformation services across industries, as per Reuters.The deal comes at a crucial time as bigger industry players are finding it difficult to land major contracts, with macroeconomic concerns and tariff-related challenges putting pressure on India’s $283 billion IT sector.
