**LTIMindtree Secures ₹3,000 Crore Contract for Tax Analytics Modernization**
LTIMindtree Ltd has been awarded a significant contract worth ₹3,000 crore ($332 million) by the Central Board of Direct Taxes (CBDT). This marks the third-largest order for the IT services firm in the last year. The contract involves developing an AI-driven program aimed at modernizing India’s national tax analytics platform, as stated in a stock exchange filing on Friday.
The seven-year mandate, valued at approximately ₹3,000 crore, underscores LTIMindtree’s leadership in facilitating digital transformation through advanced digital architecture and data analytics, providing real-time insights for policymakers. This contract is expected to contribute at least $47 million annually, representing a 1% incremental growth for the company, which concluded the last fiscal year with revenues of $4.93 billion, reflecting a 4.8% increase.
This engagement with the CBDT is LTIMindtree’s second in under a year. On August 7, the company received a ₹792 crore ($87 million) contract to enhance India’s Permanent Account Number (PAN) infrastructure. Under this agreement, LTIMindtree will design, build, and manage the tax authority’s back-end IT systems, including infrastructure, security, automation, and ongoing operations.
The recent contract is a boost for CEO Venu Lambu, who took over leadership in June 2025 and has already secured two major deals within a year. On October 6, LTIMindtree announced its largest contract to date—a $585 million IT modernization project with Paramount Global, a media company based in New York. Notably, around $350 million of this deal represents new business for LTIMindtree, translating to a 1.3% incremental growth.
This latest contract surpasses LTIMindtree’s previous seven-year, $450 million IT modernization agreement with ADM, announced on May 12, which contributed to a 1.4% growth for the Mumbai-based firm. Although LTIMindtree does not provide specific revenue guidance for the full year or quarterly periods, the three recent contracts are projected to yield up to 3.3% incremental growth.
Following the announcement, LTIMindtree’s shares rose by 4.89% to ₹6,325 as of 2:35 PM on Friday. CEO Venu Lambu is expected to discuss this contract during the company’s third-quarter earnings announcement on January 19. It is important to note that LTIMindtree does not disclose specific revenue figures from India, as this falls under the broader “rest-of-the-world” category, which accounts for just over 10% of its business.
As Indian IT outsourcing firms increasingly focus on domestic revenue generation, HCLTech recently appointed Sandeep Saxena as chief growth officer to enhance its focus on the Indian market. Additionally, Tata Consultancy Services Ltd secured a $1.83 billion contract for 4G network deployment, further highlighting the competitive landscape in the IT services sector.
**FAQ**
**What is the significance of LTIMindtree’s recent contract with the CBDT?**
The contract, valued at ₹3,000 crore, is significant as it reinforces LTIMindtree’s position in the IT services industry and contributes to its growth strategy through digital transformation initiatives for India’s tax analytics platform.
