Venu Lambu, CEO designate of LTI Mindtree, has outlined a new strategy focused on increasing agility, simplifying processes, and establishing new baseline metrics for operational costs. The plan aims to prepare the company for faster growth and increased competitiveness in a rapidly changing market.
Lambu has rejected the idea of making significant changes to the organizational structure, instead choosing to build on the company’s existing strengths. He has also emphasized the importance of infusing AI into the company’s core services, including digital engineering and enterprise apps, to increase productivity and differentiate the company from competitors.
The plan also involves the development of a dedicated business unit focused on AI services, which will enable the company to expand its addressable market. Lambu has also mentioned the need for a re-evaluation of governance control mechanisms and the potential for a convergence of industry expertise and technology expertise to solve complex problems.
The company’s current CEO, Debashis Chatterjee, has expressed his support for Lambu’s strategy, noting that it aligns with the company’s ambition to reach a revenue target of $10 billion by 2032. Chatterjee has also described the transition as “orderly” and has expressed confidence in Lambu’s ability to lead the company forward.
Overall, Lambu’s strategy appears to be focused on building on the company’s strengths, increasing agility, and leveraging AI to drive growth and competitiveness. The approach is designed to position LTI Mindtree for long-term success and growth, rather than making significant changes to the organizational structure.