SYNOPSIS: An AI-centric global technology services company secured a seven-year, $100 million deal with a European MedTech firm to develop and support hearing solutions, leveraging its iNXT platform while managing compliance and regulatory requirements.
Shares of a Larsen & Toubro Group company and the business creativity partner to the world’s largest and most disruptive enterprises are in focus on the stock exchanges, after securing a multi-year deal worth around $100 million (or around Rs. 908 crores) from a MedTech company in Europe.
With a market cap of Rs. 1.42 lakh crores, shares of LTIMindtree Limited were trading at Rs. 4,821.5 on BSE, as compared to its previous closing price of Rs. 4,887.95. The stock has delivered negative returns of over 4 percent in the last one year, and has fallen by around 18 percent in one month.
What’s the News:
As per the latest disclosures with the stock exchanges, LTIMindtree (LTM) Limited has secured a multi-year strategic agreement worth $100 million (~Rs. 908 crores) with a Europe-based MedTech firm known for its innovative hearing solutions, to deliver product development and support across its flagship products. This agreement will span over seven years.
Under this mandate, LTIMindtree will deploy its iNXT platform – a cross-industry digital transformation and innovation framework built to help enterprises seamlessly integrate physical products with digital ecosystems.
As part of the agreement, LTM will develop and support MedTech’s primary hearing instrument brands and its private labels, including MedTech’s core wearable devices, the fitting application used by hearing care professionals to configure hearing aids, and the mobile application for device control. Along with technological development and support, LTM will lead and navigate complex MedTech compliance & regulatory frameworks for the client.
Financials & More:
LTIMindtree reported a growth in consolidated revenue from operations of about 12 percent, from Rs. 9,661 crores in Q3 FY25 to Rs. 10,781 crores in Q3 FY26. However, its net profit decreased during the same period from Rs. 1,087 crores to Rs. 960 crores, representing a decline of around 12 percent YoY.
LTIMindtree Limited offers an extensive range of IT services such as agile, analytics and information management, application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions, and platform-based solutions to the clients in diverse industries.
It is a global technology consulting and digital solutions company that partners with enterprises across industries to reimagine business models, accelerate innovation, and drive AI-centric growth. As of Q3 FY26, the company reported an order inflow of $1.69 billion or nearly Rs. 15,354 crores.
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