Want to create an interactive transcript for this episode?
Podcast: One Thing Today in Tech
Episode: LTI and Mindtree to merge, forming a $3.5 bln revenue company as IT services demand kicks into high gear
Description: Larsen & Toubro Infotech (LTI) and Mindtree will merge to form a larger IT services company that could be more capable of challenging bigger rivals for digital transformation contracts and global talent. LTI chief executive Sanjay Jalona is leaving and Mindtree’s boss Debashis Chatterjee is to lead the combined business.
Notes:
The combined entity is to be called LTIMindtree, the L&T group companies told the stock exchanges on Friday after markets in Mumbai.
LTI CEO and MD Sanjay Jalona, a former Infosys executive who took LTI public six years ago, and is wi...