S N Subrahmanyan has been named the next chairman of LTIMindtree Ltd, a renowned global technology consulting and digital solutions provider within the L&T Group. This transition follows the decision of A M Naik, the founder chairman, to step down at the company’s 28th Annual General Meeting. Subrahmanyan, who is currently the vice chairman, will assume leadership in June 2024. A M Naik has been an influential figure in shaping LTIMindtree’s growth and integrating L&T Infotech and Mindtree after their merger in 2019. Naik’s tenure at L&T began in 1965 and has included significant roles in both the corporate sphere and social initiatives. Under his leadership, the company achieved various milestones, culminating in prestigious awards like the Padma Vibhushan. Financially, LTIMindtree reported a decline in Q4FY24 profits but showed an overall annual growth in net profit for the fiscal year. Post-AGM, the company’s shares saw a slight increase in trading value.

Technology Consulting, Information Technology Services, Corporate Governance,India

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