Dear Shareholders,
It is with great pleasure that I present the LTIMindtree Integrated Annual Report for
the fiscal year 2023-24.
Backed by a rich history of growth and innovation, we have cultivated a powerful brand,
one that points to a vibrant future characterized by value creation. Our journey has been
marked by an unwavering dedication to delivering consistent business outcomes, even amidst
radical change, macro and geopolitical uncertainties, and a rapidly evolving technological
landscape.
Central to our ability to lead amidst change is our high-performance culture, where
each member of our team is valued, engaged, and driven by a shared purpose. We foster an
environment of continuous learning, innovation, and integrity, where everyone is
encouraged to take on leadership roles and contribute to our shared vision.
In this age of technology disruption, LTIMindtree comes with a forward-looking approach
that embraces current and emerging technologies. Our 81,000+ team of enthusiastic
individuals is driven by curiosity and a desire to explore new horizons. We help empower
our clients with future-driven growth strategies supported by engineering, research, and
incubation opportunities. Through 2023-24, we have evangelized emerging technologies like
Generative Al, Explainable Al, Zero Trust Architecture, Platforms at Scale, and Quantum
technologies. The integration of Generative Al across industries and practices is paving
the way for a value-aligned Enterprise Al strategy and aligns with LTIMindtree's
commitment to innovation.
In the current year, LTIMindtree will continue to build an ecosystem that prepares us
for technologies that are set to disrupt industries and businesses. This preparation
involves enabling flawless delivery through deep engineering processes, enhancing cyber
defense resiliency, and making continued, forward-looking investments in Generative Al,
5G, Industry 4.0, and Quantum computing. By infusing ntelligence, insight, and innovation
into every facet of our work, we continue to enhance our relevance, achieve our strategic
business objectives, and create exceptional value for all our stakeholders.
Looking ahead, we aspire to leverage the power of technology to create meaningful
connections that are intimate, warm, and empathetic.
By blending technology with human emotions, we believe we can create transformative
experiences that bring people closer together and foster a sense of unity and
understanding. We are committed to achieving net-zero emissions by leveraging renewable
energy sources, implementing effective waste management strategies, and focusing on the
principles of a circular economy to create a sustainable and environmentally friendly
business.
As we continue our growth journey as an at-scale, top-tier player, our commitment to
preserving the values and principles that have shaped our identity remains resolute. With
a shared vision and a strong sense of purpose, we aim to create a limitless future for all
our stakeholders. Your unwavering support and confidence in our abilities have been
instrumental in our ongoing successful journey. I would also like to extend my heartfelt
gratitude to our clients, partners, and people for their constant support and
collaboration.
On a personal note, as most of you are already aware, I will be stepping down as
Founder Chairman of LTIMindtree, effective the 28th AGM of the Company. As I reflect on
the past,
I feel grateful to have spearheaded the successful merger of two leading consulting and
digital solutions companies to create a formidable force in the industry — one that
is driving L&T's technology-driven vision for growth and diversification.
I look forward to your continued partnership in powering the next phase of our growth
as LTIMindtree.
Warm regards,
A.M. NAlK
Founder Chairman.