Strategic growth objectives cannot be anchored to acquisition activities.

LTI Mindtree, the sixth largest IT services company, has launched its Cyber Defense Resiliency Centre (CDRC) in Bengaluru to create cybersecurity solutions that help clients build resilient enterprises and leverage Artificial Intelligence (AI) to automate and improve security operations. In a recent interview, Nachiket Deshpande, Whole-time Director and COO, stated that the company will continue to focus on security, AI, and target revenue of $10 billion by FY32, with a growth rate of 10-11%. LTI Mindtree does not rely on acquisitions for growth, but rather aims to achieve the target through organic growth. While the company may make small acquisitions to fill capability gaps or enter new markets, these will not significantly impact revenue. The company’s primary focus is on achieving the targeted growth rate, which will be achieved through a combination of organic growth and small-scale acquisitions.