LTIMindtree CEO Debashis Chatterjee Retires, Venu Lambu Takes Over

LTIMindtree: Company Overview

LTIMindtree is an Indian multinational IT services and consulting company, headquartered in Mumbai, India. It was formed in 2022 after the merger of L&T Infotech (LTI) and Mindtree, both subsidiaries of Larsen & Toubro (L&T).

Key Facts

Founded: December 23, 1996 (as L&T Infotech)
Headquarters: L&T House, Ballard Estate, Mumbai, India
Industry: IT services, consulting, outsourcing
Revenue (FY25): ₹38,997 crore (US$4.6 billion)
Net Income (FY25): ₹4,602 crore (US$540 million)
Employees: 81,650 (as of March 2024)
Parent Company: Larsen & Toubro (68.73% ownership)

LTIMindtree has announced that Debashis Chatterjee, its CEO and Managing Director, has retired due to personal reasons. The company’s Board of Directors confirmed the leadership transition at its 29th Annual General Meeting (AGM) on May 30, 2025. Venu Lambu, the current CEO-designate, has officially taken over as CEO & MD effective May 31, 20252.

Chatterjee’s Legacy at LTIMindtree

Chatterjee, popularly known as DC, played a pivotal role in the company transformation. He led Mindtree as CEO from 2019 until its merger with L&T Infotech in 2022, after which he took charge of the newly formed the company. Under his leadership, the company became India’s sixth-largest IT services firm by revenue, successfully integrating Mindtree’s experience DNA with LTI’s engineering DNA to create a stronger market presence4.

During his tenure, LTIMindtree:

Expanded its BFSI and technology businesses, each crossing the $1 billion revenue mark.

Won its largest-ever deal, worth $450 million, from Archer Daniels Midland (ADM).

Bagged a $200 million contract, combining renewal and new scope.

Set an ambitious revenue target of $10 billion by FY 2031-32.

LTIMindtree: Leadership Transition & Future Outlook

Chatterjee has been working closely with Venu Lambu to ensure a smooth transition. Lambu, who previously led global markets at the company, also served as CEO of Randstad Digital, a $3 billion digital arm of Randstad. His expertise in digital transformation and global capability centers is expected to drive the company next phase of growth4.

Reflecting on his tenure, Chatterjee stated: > “Leading this organisation from its formative days has been an honour. I take immense satisfaction in the foundations we’ve built for future success. I am confident that, under Venu’s capable leadership, the company will continue to thrive and reach new milestones”.

Chairman S. N. Subrahmanyan praised Chatterjee’s leadership, calling him a fantastic person with immense knowledge and intellectual depth.

With Lambu at the helm, the company aims to accelerate growth in core verticals, expand its Fortune 500 client base, and strengthen partnerships with hyperscalers. The company remains focused on vendor consolidation deals and strategic pivots to achieve its near-term $5 billion revenue goal.