Here is a rewritten version of the line without additional responses:NTT Data appoints Sudhir Chaturvedi, current CEO of LTIMindtree, as its new Global Growth Officer and ceasing him as the North America CEO, effective immediately.
Japanese technology firm NTT Data has appointed Sudhir Chaturvedi, former president of LTIMindtree, as its global chief growth officer and North America CEO. In his new role, Chaturvedi will lead the acceleration of growth strategies globally, with a focus on key industries, strategic accounts, and joint partnerships. He will also lead NTT Data’s growth and business in North America, leveraging synergies within his global chief growth officer remit. Chaturvedi has over 28 years of experience in the industry, having held various leadership roles at companies such as LTIMindtree, NIIT Technologies, and Infosys.
As global chief growth officer, Chaturvedi will be responsible for leading the development of growth strategies and execution plans, as well as leading the company’s global industries and strategic accounts team. In his new role, he will report to Abhijit Dubey, NTT Data’s president and global CEO.
NTT Data, a $19 billion company, is part of NTT Group, which invests over $3.6 billion annually in research and development and employs over 40,000 people at its Indian operations. The company is expanding its India operations, with plans to invest $3 billion in the country, driven by growing demand for cloud and data center solutions. In November, NTT Data acquired Udupi-based Niveus Solutions, a cloud engineering company, to meet global demand for transformative cloud solutions across industries.
Chaturvedi’s appointment is seen as a strategic move to drive growth and expansion for NTT Data, leveraging his expertise in consulting, IT services, and software, as well as his experience in industry-driven sales and go-to-market transformations. With his extensive background and leadership experience, Chaturvedi is well-positioned to drive NTT Data’s growth strategy and further establish the company’s presence in the global technology market.
Tech deals highlight notable partnerships: Magwitch, LTIMindtree, Versus, NetActuate, TeleTracking, and Workday.
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Several tech companies have announced partnerships and deals with other firms, marking significant developments in their respective industries. Magwitch, a fintech company, has partnered with U.S. Bank Avvance to expand its point-of-sale lending capabilities, allowing merchants to offer flexible installment loans to consumers. This partnership aims to enhance financing options for consumers and expand Magwitch’s reach.
LTIMindtree, a global technology consulting firm, has partnered with FLS Mining to optimize its application maintenance services, leveraging AI and automation tools to streamline processes and reduce operational complexity. This collaboration supports FLS Mining’s goal of achieving zero-waste mining by 2030.
Digital Trends has teamed up with VersusGame to incorporate AI-driven gamification into its content strategy, creating interactive experiences for its audience. NetActuate has partnered with Porter Labs to enhance AI-driven pet training technology, integrating Porter Labs’ smart pet devices with its Anycast-enabled infrastructure.
TeleTracking Technologies has entered a 5-year partnership with Faculty to enhance hospital operations with AI, integrating Faculty’s simulation technology into its Operations IQ platform. This partnership will enable AI-driven scenario planning, predictive insights, and automation for hospital capacity and patient flow management.
Nayya, a benefits tech provider, has announced a strategic partnership with Workday to enhance employee health and wealth benefits using AI. Nayya will leverage Workday’s platform to develop applications that provide personalized benefits selection, claims management, and retirement planning. This collaboration makes Nayya the first U.S. benefits tech provider to build on Workday’s ecosystem.
These partnerships and deals demonstrate the growing importance of AI and automation in various industries, from fintech and healthcare to education and entertainment. They also highlight the potential for innovative solutions to improve operations, enhance customer experiences, and drive business growth.
Mindtree’s Lambu, shifting its focus to growth, after parting ways with two high-ranking executives.
At a recent meeting in Mumbai, LTiMindtree’s CEO-designate Venu Lambu addressed over 50 senior leaders, outlining his priorities, including focusing on growth and amplifying the company’s artificial intelligence (AI) strategy. This comes as a backdrop of two senior executive departures – Rohit Kedia, Chief Business Officer, and Vikash Gaur, Chief Delivery Officer, who opted to explore other opportunities. Both executives played critical roles in their respective tenures, with Kedia overseeing various service lines and implementing strategic initiatives, and Gaur advancing from EVP to Chief Delivery Officer in five years. Lambu’s town hall meetings in Mumbai and Bengaluru marked the beginning of his transition to the CEO role, with assurance of a smooth transition from the current CEO Debashis Chatterjee. Lambu and Chatterjee will meet with clients in the US and Europe over the coming weeks. Prior to taking office, Lambu plans to meet with employees at multiple locations, including Hyderabad, Chennai, and Pune, aiming to get to know the teams and set a clear direction for the company.
Mumbai-based IT consulting firm LTIMindtree has appointed Venugopal Lambu, a former employee, as its CEO designate.
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LTIMindtree, India’s sixth-largest IT firm, has announced the return of former president Venugopal Lambu as CEO designate. Lambu will join the company with immediate effect and will serve a five-year term. He will take over from Debashis Chatterjee, who will step down in November. Lambu previously served as the president of LTIMindtree’s global markets business for three years before leaving to become the head of the technology arm of staffing giant Randstad.
Lambu’s return comes at a time when the company is undergoing a significant transformation after its merger with Larsen & Toubro (L&T) subsidiary L&T Infotech and Mindtree in 2022. The company has witnessed nearly two dozen senior-level exits and a fight for the top job, which analysts have attributed to integration pains. Until recently, chief operating officer Nachiket Deshpande and president Sudhir Chaturvedi were the frontrunners for the CEO role, but Chaturvedi resigned earlier this week to explore new opportunities.
LTI Mindtree’s board has chosen Lambu to lead the company due to his experience and expertise in the industry. Lambu will work closely with Chatterjee over the next few months to ensure a smooth transition. During this period, he will gain deeper insights into the company’s current operations, budget, and strategic plans.
The company recently reported better-than-estimated revenue growth, but its net profit fell due to high costs and a dip in margins. However, the company recorded its highest-ever order inflow at $1.68 billion, with a significant increase in deals from the manufacturing and BFSI sectors.
LTIMindtree and Boardwalktech Strengthen Partnership with Global Banking Institutions
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Boardwalktech Software Corp. and LTIMindtree Limited have expanded their partnership to deliver Data Governance, Risk Management, and Process Improvement solutions using Boardwalk Velocity, a Digital Ledger-based low-code application platform. The partnership will leverage LTIMindtree’s expertise in core modernization, migration tools, and accelerators to transform manual processes and reduce risk associated with End User Computing (EUC) applications.
The companies will focus on remediating the risk of EUCs, which are widely used in the financial services industry, particularly in banking and insurance. The goal is to migrate these applications to IT-controlled and managed business applications, ensuring compliance with regulatory requirements and improving data reliability.
Boardwalk Velocity’s solution is designed to deliver rapid risk management and compliance, Excel EUC data management, and significant business process improvement. With its cutting-edge capabilities, banks and insurance clients can effortlessly achieve their regulatory and compliance objectives, promoting better data reliability and enabling more profitable business growth.
According to third-party experience, Velocity has been able to remediate medium and highly complex EUCs in one-tenth the time and resources while preserving or increasing the immutability of the data. The solution has the potential to revolutionize the way financial services companies manage their EUC applications, providing a significant edge in terms of time and cost to deliver.
Andrew T. Duncan, CEO of Boardwalktech, stated that the partnership with LTIMindtree has already delivered successful results, with a prominent U.S. bank experiencing the benefits of Velocity in the hands of an LTIMindtree team delivering EUC remediation and process improvements across the bank. The solution is poised to become highly sought after and indispensable within the financial services industry.
Tech giant Mindtree is seeking a talented Prompt Engineer to join their innovative team
LTIMindtree, a global technology consulting and digital solutions company, is currently hiring for the position of “prompt engineer”. This role involves developing, testing, and refining AI-generated text prompts to ensure optimal performance. The ideal candidate should have expertise in prompt engineering, with experience working on GPT-4 and other variants of the GPT model. The successful candidate will collaborate with content, product, and data teams to align prompts with user needs and drive continuous improvements in prompt quality and performance.
The company is committed to leveraging AI to improve productivity and achieve superior outcomes for its clients. In an exclusive interview, COO Nachiket Deshpande discussed LTIMindtree’s approach to AI, which is built on three pillars: AI in everything, everything for AI, and AI for everyone. He emphasized the importance of integrating AI seamlessly into users’ existing workflows, making it a “co-pilot” that complements their daily tasks.
The rise of prompt engineering is attributed to the popularity of AI tools like Cursor, Claude, and GitHub Copilot. The latter, in particular, has the ability to understand Indian languages, including Hindi and Kannada, while writing code. This highlights the need for individuals to upskill and adapt to new opportunities to remain competitive in the job market.
According to LinkedIn, the demand for AI engineers has increased, with roles like machine learning engineer, data analyst, and Python developer being common pathways into this field. With remote and hybrid work options available, the job market is evolving to incorporate more AI-driven roles.
Mindtree has been named the 2025 Global Innovation Partner of the Year by Informatica.
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LTImindtree has been named the 2025 Global Innovation Partner of the Year by Informatica. This prestigious recognition is a testament to LTIMindtree’s commitment to innovative solutions and excellence in the realm of data analytics and artificial intelligence. Informatica, a leader in enterprise data management, collaborated with LTIMindtree on various projects that showcased the partnership’s ability to deliver cutting-edge solutions.
Throughout the year, LTIMindtree demonstrated impressive innovation and achievement in various categories, including innovation in data architecture, data migration, and big data analytics. The company’s expertise in handling complex data requirements and its capacity to integrate AI and machine learning capabilities into projects impressed Informatica’s judges. LTIMindtree’s talent pool, vast experience, and dedication to emerging technologies also received high praise from Informatica’s evaluation team.
Informatica cited LTIMindtree’s comprehensive approach to customer solutions, particularly in the context of data-led transformation, as a key factor in its recognition. The companies’ joint project, which enabled a leading European bank to rapidly integrate and standardize its legacy data systems, was highlighted as an exemplary initiative. This endeavor showcased LTIMindtree’s ability to merge data management capabilities with AI-based analytics to help clients achieve more efficient operations, improved decision-making, and better customer experiences.
LTIMindtree’s 2025 Global Innovation Partner of the Year distinction is a badge of honor and a testament to the company’s unwavering commitment to harnessing the transformative power of digital technologies. It underscores LTIMindtree’s dedication to collaborative innovation, expertly combining LTIMindtree’s strengths in data analytics and AI with Informatica’s exceptional data management prowess.
Mindtree has been recognized as a Visionary in the 2024 Gartner Magic Quadrant for Cloud ERP Services.
LTIMindtree, a global technology consulting and digital solutions company, has been positioned as a Visionary in the 2024 Gartner Magic Quadrant for Cloud ERP Services. This recognition acknowledges the company’s commitment to delivering innovative and effective cloud ERP solutions that drive business transformation. LTIMindtree’s three-layer architecture for cloud ERP ensures clients can standardize, extend for industry needs, and maintain an agile and extensible platform. The company’s Timeless Enterprise concept emphasizes creating adaptable, industry-specific solutions that evolve with the business. LTIMindtree’s expertise in cloud ERP services drives business transformation and operational efficiency. The company’s focus on client success and satisfaction has led to significant improvements in client business processes and outcomes. The Gartner Magic Quadrant evaluates providers on their ability to execute and completeness of vision. This recognition highlights LTIMindtree’s innovative approach and robust service offerings, which have been pivotal in receiving this recognition.
Mindtree ranked as a Visionary in Gartner’s 2024 Magic Quadrant for Cloud ERP Services, solidifying its position as a leader in the industry.
LTIMindtree, a global technology consulting and services company, has been positioned as a Visionary in the 2024 Gartner Magic Quadrant for Cloud ERP Services. The Gartner Magic Quadrant report assesses vendors’ completeness of vision and ability to execute, recognizing those that are well-equipped to address emerging market trends. The recognition positions LTIMindtree as one of the leaders in the Cloud ERP Services space. Gartner evaluates vendors on criteria such as cloud-first capabilities, business user experiences, analytics and integration capabilities, and sustainability and scalability.
This achievement solidifies LTIMindtree’s reputation as a trusted partner for clients seeking digital transformation and ERP implementation. As a Visionary in the 2024 Magic Quadrant, LTIMindtree has demonstrated its commitment to delivering innovative solutions, driving digital disruption, and shaping the future of ERP.
Mindtree recognized as a Leader and Visionary in the 2024 Gartner Magic Quadrant for Cloud ERP Services.
LTIMindtree, a global technology consulting and digital solutions company, has been positioned as a Visionary in the 2024 Gartner Magic Quadrant for Cloud ERP Services. This recognition acknowledges LTIMindtree’s commitment to delivering innovative and effective cloud ERP solutions that drive business transformation. The company’s comprehensive suite of AI tools and accelerators boosts implementation efficiency, while its three-layer architecture for cloud ERP ensures clients can standardize, extend, and maintain an agile platform. LTIMindtree’s Timeless Enterprise concept emphasizes creating adaptable, industry-specific solutions that evolve with the business. The company’s focus on client success and satisfaction has led to significant improvements in client business processes and outcomes. The recognition highlights LTIMindtree’s expertise in providing comprehensive cloud ERP services that drive business transformation and operational efficiency. The company believes its innovative approach and robust service offerings have been pivotal in receiving this recognition.
HCL Tech and LTIMindtree are primed for growth as the GenAI revolution unfolds, with projected upside of 19-30% in 2025.
The technology sector is expected to continue its growth trajectory in FY25, driven by the ongoing demand for large-scale IT modernization projects. The demand for cloud migration, AI integration, and data analytics is driving growth, particularly in industries such as healthcare, public services, and financial services. Managed services are expected to outperform traditional consulting, with a focus on cloud, security, and AI. HCL Technologies and LTIMindtree are well-positioned to capitalize on future growth opportunities, with strong deal momentum and a focus on efficiency and cost optimization. The companies’ investments in next-gen platforms and emphasis on key verticals, such as data engineering and ERP modernization, underpin their growth outlook. The sector is expected to see sustained growth, with digital transformation and AI integration driving growth across key industries.
Motilal Oswal forecasts a CY25 revival, citing LTIMindtree and Coforge as top picks in its Q3 preview.
Motilal Oswal, a leading Indian financial services group, has issued a report on the IT sector, outlining its Q3 performance and expectations for the coming year. The report highlights the sector’s resilience and recovery prospects, with LTIMindtree and Coforge emerging as top picks. Here is a summary of the main points:
* Q3 performance: The IT sector has shown robust growth, with a higher-than-expected revenue growth rate of 3.5-4.5% QoQ. This is driven by strong demand for digital transformation, cloud, and cybersecurity services.
* Recovery prospects: The sector is expected to continue its recovery trajectory, driven by growth in growth areas such as cloud, AI, and cybersecurity. Demand is expected to be driven by enterprises’ need to digitalize, adopt new technologies, and improve operational efficiency.
* Top picks: Motilal Oswal has identified LTIMindtree and Coforge as their top picks in the IT sector. Both companies are well-positioned to benefit from the growing demand for digital transformation, cloud, and cybersecurity services.
* Challenges: The sector continues to face challenges such as a tight labor market, pressure on pricing, and high competition. However, Motilal Oswal believes that the sector’s strong growth prospects outweigh these challenges.
* Outlook: The report predicts a strong recovery in the IT sector, with CY25 expected to be a revival year for the sector. The report advises investors to maintain a “buy” rating on the sector, with LTIMindtree and Coforge as top picks.
Mindtree’s Launches Innovative Initiative: Integrated Village Development Programme Targets Balarampur Block in West Bengal for Empowerment
LTIMindtree, a global technology consulting and digital solutions company, has launched the Integrated Village Development Programme (IVDP) in Balarampur, West Bengal, in partnership with EAGL Livelihood Foundation. The initiative aims to enhance the development and well-being of the local community through education, health, and livelihood opportunities. The IVDP is a comprehensive program that focuses on creating a positive impact in aspirational blocks identified by Niti Aayog, with Balarampur being one of them. As part of the program, Anganwadi Centres were renovated, STEM labs were set up in two high schools, and free coaching centers were established for students preparing for board examinations. The program also includes the revitalization of five Anganwadi Centres and five schools, the establishment of two free coaching centers, and provisions for 22,500 cubic meters of storage capacity for farm ponds to assist local farmers. Paneesh Rao, Chief Sustainability Officer at LTIMindtree, said that the program aims to empower the residents of Balarampur and create lasting change. The initiative is part of LTIMindtree’s Corporate Social Responsibility (CSR) efforts.
Mindtree receives temporary reprieve in ₹88 crore tax dispute
LTIMindtree Ltd, an Indian IT solutions company, has obtained an interim stay from the Karnataka High Court regarding a tax dispute. The company had filed a writ case on December 9, 2024, challenging the denial of a zero-rated supply benefit and the recovery of an input tax credit allegedly issued in error. The tax authorities demanded ₹87.9 Crore, including tax and penalty, plus interest from April 2018 to January 2023. LTIMindtree is confident about the outcome, based on preliminary evaluations and legal assistance, and does not expect the dispute to have a significant financial impact on the company. The matter is ongoing, with the next hearing to determine future developments.
LTIMindtree’s unique value proposition lies in its AI adoption strategy, focusing on substance over novelty.
Nachiket Deshpande, COO of LTIMindtree, discusses the company’s approach to artificial intelligence (AI). He emphasizes the importance of integrating AI solutions into existing workflows, using the “co-pilot approach” to ensure seamless adoption. LTIMindtree has decided not to build its own generative AI solutions, instead focusing on adopting and integrating existing technologies. Deshpande believes that building in-house AI products would be costly and obsolete, citing the company’s 30-35% R&D allocation compared to 80% for product companies. Instead, LTIMindtree aims to reimagine its services with AI, rolling out solutions to thousands of agents and creating new revenue opportunities. The company has already seen success with AI-driven projects, including a platform called Canvas, which integrates with existing AI investments. Deshpande predicts that every dollar of revenue will have a generative AI component embedded. He notes that Indian IT companies like Mphasis and Persistent Systems are also focusing on agentic AI, and that the key to productivity gains lies in persona-centric AI solutions.
The Mindtree Cyber Defence Centre is located in Bengaluru.
LTTHMindtree, India’s sixth largest IT services company, has launched a 100-seater AI-driven Cyber Defense Resiliency Center (CDRC) in Bengaluru. The center will provide cyber threat intelligence and incident response services to clients, using predictive analytics and natural language processing to identify potential threats. This will help clients reduce risks, improve efficiency, and focus on their core business. The CDRC will also serve as a Center of Excellence for global network of cybersecurity specialists focused on cyber operations. LTIMindtree has already helped clients in over 30 countries build custom security roadmaps. A report by the US Agency for International Development predicts a significant rise in cybercrime, with global losses projected to reach $23.84 trillion by 2027. In India, there were 600 reported cyberattacks in the first half of 2024, with the education, government, and technology sectors being primary targets. The CDRC aims to help clients stay ahead of the looming threat, with LTIMindtree’s expertise in cybersecurity and AI technology.
Exclusive tech deals available from top companies like AWS, FinGoal, DeepHealth, GMI Cloud, Netmore, and LTIMindtree.
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Several companies have made significant tech deals and channel partnerships, including Grab, Lumin Digital, Ketryx, GMI Cloud, Netmore, and LTImindtree, among others. Grab, Southeast Asia’s leading superapp, has chosen Amazon Web Services (AWS) as its preferred cloud provider, leveraging AWS’s infrastructure to accelerate new service launches, improve operational efficiency, and handle high data volumes. Lumin Digital and FinGoal have partnered to enhance cloud-native digital banking, while Ketryx and DeepHealth have collaborated on AI-driven health informatics. GMI Cloud has partnered with Gynger to offer flexible payment options for AI developers, and Netmore has been selected by CRA to implement its LoRaWAN connectivity for IoT services. LTImindtree has invested in Voicing.AI, a next-gen startup using agentic AI, while White River Nutrition has chosen RadarRadar’s platform for commodity price risk management. These partnerships aim to drive innovation, enhance customer experiences, and optimize business processes across various industries, including fintech, healthcare, and IoT.
Investors would be wise to temper their enthusiasm for LTIMindtree’s ambitious $10 billion target, considering the significant execution risks and competitive challenges lying ahead.
As the new year approaches, many IT companies, like individuals, set goals, though they’re referred to as “aspirations” rather than “resolutions.” LTIMindtree, in particular, has announced its “aspirational target” for the next fiscal year. The company aims to more than double its revenue to $10 billion by FY32, either organically or through acquisitions. This ambitious goal is similar to that of its sister company, L&T Technology Services, which plans to nearly double its revenue to $2 billion. These targets indicate a strong growth trajectory for both companies, which are likely to continue their upward momentum in the coming years.
Calculating the Risks: Is LTIMindtree’s Ambitious $10 billion Plan for Growth a Safe Bet?
The article discusses LTIMindtree’s ambitious target of reaching a valuation of USD 10 billion in the next 3-4 years and cautions investors against betting too much on this aspiration. The company’s market capitalization is currently around USD 7.5 billion. While LTIMindtree has a strong track record of growth and has successfully navigated the COVID-19 pandemic, there are concerns about its ability to reach this valuation milestone. The article points out that the company’s valuation multiples are already at a premium to its peers, making it vulnerable to downward revisions. Additionally, the Indian IT sector faces structural challenges, including talent availability and attrition, and increased competition from newer players. Furthermore, LTIMindtree’s exposure to legacy contracts and reliance on a few large clients pose risks. The article advises investors to be cautious and not bet too much on LTIMindtree’s valuation aspiration, recommending a more conservative approach.
LTIMindtree announces strategic investment in Voicing.AI
LTIMindtree, a global technology consulting and digital solutions company, has announced a partnership with next-generation startup Voicing.AI, which includes a strategic investment. The partnership aligns with LTIMindtree’s strategy of incorporating AI into everything, making everything AI-enabled, and making AI accessible to everyone. Voicing.AI’s technology offers human-like voice capabilities across 20+ languages and is designed to mimic human conversation, context, and emotion. LTIMindtree aims to transform business processes by leveraging AI-led platforms, enabling clients to reduce costs, enhance user experience, and upsell opportunities. The partnership will also see LTIMindtree integrate Voicing.AI’s technology with its clients’ custom tools, CRM systems, and leading call management platforms. The Agentic AI technology complies with industry-standard security protocols. Quotes from LTIMindtree’s CEO, Debashis Chatterjee, and Voicing.AI’s Co-Founder, Abhi Kumar, highlight the partnership’s potential to revolutionize customer engagement and drive growth. The partnership will see LTIMindtree and Voicing.AI working together to meet the growing demand for AI-powered platform operations.
Mindtree forms a strategic partnership with Voicing.AI, investing in its innovative agentic AI solution to enhance customer engagement and transform processes.
LTIMindtree, a global IT consulting and outsourcing company, has announced a partnership and strategic investment in Voicing.AI, an agentic AI solution for customer engagement processes. The partnership aims to leverage Voicing.AI’s capabilities to enhance customer experience and automate customer service processes. Voicing.AI’s solution uses artificial intelligence to simulate human-like conversations, allowing companies to create personalized interactions with customers. The partnership will enable LTIMindtree to offer its clients a cutting-edge solution for customer engagement, improving customer satisfaction and loyalty. With this investment, LTIMindtree will be able to expand its portfolio of digital transformation services, placing it at the forefront of providing innovative solutions to its clients. The partnership will also help Voicing.AI to expand its global footprint and deliver its solutions to a broader audience. Both companies will work together to develop new solutions, with the goal of revolutionizing the customer service landscape.
Marking a significant milestone, WickedGud secures funding, as LTIMindtree places a bet on Voicing.AI.
Indian startups ZFunds, WickedGud, and Voicing.AI have secured early-stage funding. ZFunds, a Gurugram-based wealth-tech company, has raised ₹25 crore (about $3 million) in seed funding led by Elevation Capital and Policybazaar co-founder Yashish Dahiya. ZFunds aims to improve the mutual fund investment experience and outcomes for investors, and the fresh funds will be used to enhance services for end consumers.
Shilpa Shetty-backed WickedGud, a Mumbai-based food brand, has secured ₹20 crore (about $2.4 million) in funding led by Orios Venture Partners and Asiana Fund, among others. WickedGud, which positions itself as a “better-for-you” indulgent food brand, plans to use the funds to expand its distribution network, increase branding and marketing efforts, and strengthen its core team.
Voicing.AI, a Mumbai-based autonomous company, has also secured funding. LTIMindtree’s US subsidiary has signed a definitive agreement to invest $6 million in Voicing.AI, which specializes in voice AI autonomous agents for customer calls and related tasks. The funding will enable LTIMindtree to leverage Voicing.AI’s offerings and deliver advanced solutions to potential customers.