LTIMindtree Signs $580 million Deal, its Largest Ever

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LTIMindtree on Monday announced its largest-ever contract, pegged at about $580 million, with a leading global media and entertainment company.

The deal is with New York-based Paramount Global, and is part of a vendor consolidation exercise, Mint reported, citing people aware of the matter.

As part of the multi-year pact, India’s sixth largest software services exporter will support the client’s digital transformation, including streamlining operations and modernizing delivery models through automation, process optimization and vendor consolidation to boost efficiency and service quality. 

“We are proud to deepen our collaboration with a world-class media and entertainment organization to create a more agile operating framework for sustained growth,” said Venu Lambu, chief executive officer and managing director, LTIMindtree.​“This agreement reflects the trust placed in our expertise and our shared commitment to building future-ready enterprises with technology-driven solutions that enhance operational efficiencies, enable growth, and drive measurable business impact in an industry that’s constantly innovating.”

In May, LTIMindtree had announced its now second-largest deal, valued at $450 million, reportedly with US agribusiness giant Archer-Daniels-Midland.

The deal takes place just as India’s $283-billion IT sector faces significant headwinds, including macroeconomic uncertainty, tariff risks, and shifts in US immigration policy.

LTIMindtree’s Q2FY-26 earnings call is set to take place on 16 October.