L&T Infotech announced to merge with Mindtree to become 5th-largest IT firm

L&T Infotech and Mindtree, the two independently listed IT services companies under Larsen & Toubro Group, on Friday announced a merger that would create India’s fifth-largest IT services provider.

This combined entity will be known as LTIMindtree. This proposed integration will see Mindtree and LTI join strengths to create an efficient and scaled up IT services provider exceeding USD 3.5 billion

It will create a more distinctive employee value proposition.