Nachiket Deshpande, the President and Whole-time Director of LTIMindtree Ltd, has announced his resignation from the company, effective October 31, 2025. Deshpande has been with LTIMindtree for seven years, serving as Chief Operating Officer and most recently as President of AI Services. In his resignation letter, he expressed his gratitude to the company, stating that it has been a “crucible of innovation, leadership, and personal growth” for him.
Deshpande highlighted his achievements during his tenure, including leading transformative initiatives and scaling AI Services into a strategic pillar of the company’s future. He also acknowledged the trust and teamwork he experienced, saying he would remain LTIMindtree’s “biggest cheerleader on the sidelines.” The company’s Chairman, S.N. Subrahmanyan, and CEO and Managing Director, Venu Lambu, praised Deshpande’s contributions, extending their gratitude and wishing him continued success in his future endeavors.
Deshpande’s resignation comes after LTIMindtree reported a higher profit in Q2, beating street estimates, and declared a dividend of ₹22. The company has also recently secured a large strategic multi-year deal with a global entertainment firm. Deshpande’s departure is seen as a significant change in the company’s leadership, but LTIMindtree’s management has expressed appreciation for his contributions and commitment to the company’s growth.
In his comments, Deshpande reflected on his journey, saying it has been an “incredible journey rich with opportunities to grow, learn, and contribute meaningfully” to the organization. He also thanked his colleagues, including Chairman SNS and board members, for the opportunity to work closely with them. With Deshpande’s resignation, LTIMindtree will need to find a new leader to fill the void, but the company’s management has expressed confidence in its ability to continue growing and succeeding in the future.