M&A Deal Summary

Larsen & Toubro Infotech Acquires MindTree

On May 6, 2022, Larsen & Toubro Infotech acquired information technology company MindTree

Acquisition Highlights
  • This is Larsen & Toubro Infotech’s 6th transaction in the Information Technology sector.
  • This is Larsen & Toubro Infotech’s 5th transaction in India.

M&A Deal Summary

Date 2022-05-06
Target MindTree
Sector Information Technology
Buyer(s) Larsen & Toubro Infotech
Deal Type Merger

Target

MindTree

Bengaluru, India
MindTree focused on IT and R&D services. Mindtree was started in 1999 and is based in Bengaluru, Karnataka.

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Buyer(S) 1

Buyer

Larsen & Toubro Infotech

Mumbai, India

Category Company
Founded 1996
Sector Information Technology
Employees81,934
Revenue 355.2B INR (2024)
DESCRIPTION

Larsen & Toubro Infotech is a global IT services and solutions provider with presence in 22 countries. It solve complex business challenges at the convergence of digital and physical with our real-world expertise and client centricity. It enable its clients to build innovative business models, enhance operational efficiencies and create captivating customer experiences. Larsen & Toubro Infotech was founded in 1996 and is based in Mumbai, India.


DEAL STATS #
Overall 7 of 8
Sector (Information Technology) 6 of 7
Type (Merger) 1 of 1
Country (India) 5 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Cuelogic

Pune, India

Cuelogic is a Digital Engineering and Outsourced Product Development company. Cuelogic has built capabilities in digital engineering, and primarily focuses on developing cloud-native web and mobile applications, modernization, and runs Innovation Lab as a service for its clients in the USA and India. Cuelogic was founded in 2010 and is based in Pune, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-03 Voicing.AI

Dover, Delaware, United States

Voicing.AI provides codeless infrastructure for enterprises to build and scale human-like AI voice agents to maximize productivity & business outcomes. The company helps enterprises progress with every customer interaction: sales & marketing, customer success, and listening to users. Voicing.AI is based in Dover, Delaware.

Buy -