Athira Sethu
Kochi, 7 October 2025
Indian IT firm LTIMindtree has secured its largest contract to date worth approximately $580 million, as per sources close to the development. The firm revealed the news on Monday but didn’t officially state the amount or identify the client in question.
LTIMindtree, a leading Indian software services exporter, announced the deal is with a leading international media and entertainment group. But the company has not disclosed who the client is or given more information.
This large contract arrives at a challenging time for India’s IT sector. The IT industry of the country, which is valued at $283 billion, is struggling with the likes of global economic downturn, trade-related risks, and shifting immigration policies in the US. Most analysts are anticipating lower revenues when Indian IT firms report their July–September quarter financial results beginning this Thursday.
Earlier this year, in May, LTIMindtree had revealed what was then its biggest deal, for $450 million. That deal, according to sources, was inked with US agribusiness firm Archer-Daniels-Midland.
Following the recent announcement, LTIMindtree’s share price jumped by 3% on Monday, which was the firm’s largest single-day gain in close to five months.
In a release, LTIMindtree stated that it would assist the client in enhancing how their business operates by making their systems modern. This will involve applying automation, streamlining processes, and minimizing vendors the client engages with.
Industry analysts feel that firms such as LTIMindtree are becoming increasingly competitive in securing large deals. HFS Research CEO Phil Fersht explained that midsize firms such as LTIMindtree, Coforge, and Mphasis were performing well because they could move fast and were more agile in providing AI-led solutions.
He also highlighted that while bigger IT firms are still engaged in refreshing their legacy services, mid-size players are forging ahead with emerging technologies and customer-centric innovations.
This victory is a major leap for LTIMindtree and indicates that mid-sized Indian IT firms can compete aggressively in the international market.
