Vendor Analysis
published on May 18, 2023
Report Overview:
This NelsonHall vendor assessment analyzes LTIMindtree’s offerings and capabilities in quality engineering services
Who is this Report for:
NelsonHall’s QE profile on LTIMindtree is a comprehensive assessment of LTIMindtree’s offerings and capabilities designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of QE and identifying vendor suitability for quality engineering/QA/testing services
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the QE and IT services sectors.
Scope of this Report:
The report provides a comprehensive and objective analysis of LTIMindtree’s QE offerings, capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, challenges, and outlook
- Revenue estimates
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization, including the location of delivery centers.
Key Findings & Highlights:
LTIMindtree results from the merger of L&T Infotech and Mindtree on November 14, 2022. The company had pro forma revenues of $4bn and a headcount of 86k (at the end of Q3 FY23). It serves ~700 clients. Its parent is Larsen & Toubro Group (L&T), an India-headquartered engineering, manufacturing, and financial services firm founded by two Danish engineers. L&T owns 68.7% of LTIMindtree.
LTIMindtree has grouped its testing activities into a centralized practice, Quality Engineering Services (QES), mirroring Mindtree’s previous structure. LTI had opted in 2018 for a CoE approach with delivery in the ADM and other units. QES is now one large service line with 9.6k practitioners, structured around sub-practices (Digital & Mobility, Automation, Enterprise Applications, Connected Universe, Performance Engineering, and Big Data & EDW) with their own P&L. The sub-practice approach that QES has is uncommon in the industry; the practice highlights that the structure helps career testers to specialize their capabilities and helps LTIMindtree raise prices.
Our buy-side audience will benefit from this report’s analysis of LTIMindtree’s consolidated QE capabilities after its merger in 2022.