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LTM announced the launch of GCC Origin, a dedicated business unit to help enterprises establish, operate, scale and transform Global Capability Centers in India.
As GCC needs evolve in the AI era, enterprises are seeking greater scale, speed and integration. GCC Origin represents the evolution of LTM's GCC strategy to meet these changing needs. Operating as a standalone business unit within LTM, GCC Origin will have dedicated leadership, sales and delivery teams, specialist expertise and significant investment. LTM has appointed Shailendra Singh to lead the business unit, reporting to Venu Lambu, Chief Executive Officer and Managing Director, LTM.
GCC Origin brings together strategy, AI, technology, talent, infrastructure, operations and ecosystem partnerships under one integrated model. Spanning site selection, workplace and infrastructure, operational readiness and turnkey facilities across Tier 1 and Tier 2 cities, it is powered by BlueVerse™, LTM's agentic AI ecosystem, to help enterprises build new GCCs and transform existing ones to be AI-native by design.
LTM has secured a strategic engagement with a large global banking and financial services firm, further strengthening its position as a trusted technology and transformation partner to leading financial institutions.
This two-year engagement is already underway with an option to extend for an additional year and has a potential value of up to USD 100 million.
Under the agreement, LTM will serve as a preferred partner driving the consolidation and delivery of strategic technology requirements across key wealth, personal banking, and global functions. The engagement will leverage LTM's deep banking-domain expertise, engineering excellence, and global delivery capabilities to support the client's technology transformation priorities at scale.
LTM announced the launch of its BlueVerse™ Industrial AI Lab in Chennai. The co innovation hub will help enterprises accelerate AI adoption across physical operations and intelligent products, moving solutions from pilot to production. The lab is open to clients and partners to conceptualize and co-create the future of industrial operations.
Industrial environments are often hazardous, noisy and connectivity-constrained, while many facilities continue to operate with legacy equipment. The lab provides a collaborative sandbox where clients, LTM experts and partners can develop, simulate and validate solutions for both new and brownfield environments. It combines LTM's industrial AI solutions, intellectual property, patents and manufacturing-focused small language models to address technical, operational and business requirements before deployment.
The lab strengthens LTM's investment in AI, product engineering and industry innovation. It brings together LTM AI experts and domain practitioners, leading technology partners and an ecosystem of Industrial AI start-ups that have collectively scaled more than 100 Industrial AI solutions worldwide, helping customers move faster from ideas to measurable business outcomes.
LTM announced the launch of BlueVerse™ ValueMesh™, an AI execution fabric designed to help enterprises industrialize AI across the Oracle transformation lifecycle, from strategy and implementation to operations and continuous innovation.
BlueVerse™ ValueMesh™ is developed and validated by LTM as part of its Cloud Services expertise. Built on LTM's deep Oracle expertise and BlueVerse™ portfolio, BlueVerse™ ValueMesh™ is designed to help enterprises industrialize AI across their Oracle transformation journey.
It brings together AI-native delivery, intelligent automation, AI agents, managed services, intelligent business processes, industry solutions, data, and governance in a unified execution model designed to help organizations move beyond fragmented initiatives and isolated pilots and pursue scalable innovation, continuous opmization, and measurable business outcomes across their Oracle estate.
Mindteck (India) Ltd lost 7.38% today to trade at Rs 138.1. The BSE Information Technology index is down 0.74% to quote at 30172.17. The index is up 9.27 % over last one month. Among the other constituents of the index, Accelya Solutions India Ltd decreased 5.41% and LTM Ltd lost 4.77% on the day. The BSE Information Technology index went down 11.72 % over last one year compared to the 10.84% fall in benchmark SENSEX.
Mindteck (India) Ltd has lost 12.73% over last one month compared to 9.27% gain in BSE Information Technology index and 0.75% rise in the SENSEX. On the BSE, 1 shares were traded in the counter so far compared with average daily volumes of 4143 shares in the past one month. The stock hit a record high of Rs 307 on 20 Oct 2025. The stock hit a 52-week low of Rs 134 on 08 Oct 2026.
At 12:25 IST, the barometer index, the S&P BSE Sensex tanked 755.77 points or 0.98% to 73,996.33. The Nifty 50 index declined 206.20 points or 0.89% to 22,941.60.
In the broader market, the BSE 150 MidCap Index declined 0.57% and the BSE 250 SmallCap Index fell 1.01%.
The market breadth was weak. On the BSE, 1,328 shares rose and 2,842 shares fell. A total of 285 shares were unchanged.
Brent crude for December 2026 settlement declined $2.57 or 2.34% to $107.29 a barrel.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 5.13% to 14.97. The Nifty 27 October 2026 futures were trading at 22,936.10 at a discount of 5.50 points as compared with the spot at 22,941.60.
The Nifty option chain for the 27 October 2026 expiry showed a maximum call OI of 1.17 crore contracts at the 23,500 strike price. A maximum put OI of 69.3 lakh contracts was seen at the 22,500 strike price.
Buzzing Index:
The Nifty IT index fell 1.02% to 31,598.50. The index jumped 12.61% in the past four trading sessions.
Infosys (down 2.02%), LTM (down 1.6%), Oracle Financial Services Software (down 1.45%), Coforge (down 0.92%), Tech Mahindra (down 0.84%), Mphasis (down 0.68%), Wipro (down 0.23%), Tata Consultancy Services (down 0.02%) surged.
Revenue from operations increased 1.72% QoQ to Rs 11,807.6 crore in Q2 FY27. On a YoY basis, revenue rose 13.60% from the year-ago period.
Profit before tax increased 13.60% YoY and 1.72% QoQ to Rs 1,859.7 crore in Q2 FY26.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 1.6% QoQ and 8.5% YoY to Rs 2,093.3 crore in Q2 FY27. EBITDA margin remained unchanged sequentially at 28%, compared with the previous quarter, while it was lower than the 30.3% reported in Q2 FY26.
In dollar terms, the firm's revenue stood at $1,235.2 million in Q2 FY27, up 1% QoQ and 4.7% YoY. In constant currency terms, revenue increased 1.1% QoQ and 5.1% YoY.
Order inflow declined 25% QoQ and 20.75% YoY to $1.26 billion in Q2 FY27.
LTM's total employee count stood at 88,835 at the end of Q2 FY27, compared with 87,886 in Q1 FY27 and 86,447 in Q2 FY26. The company reported an active client base of 729 and added 20 new clients during the quarter.
Venu Lambu, CEO and MD, said, “Our broad - based performance reflects the successful execution of our AI - centric strategy. The revenue across Enterprise AI and Business AI together grew 47% YoY. This is a testament to our tech - domain convergence approach to AI adoption, which also led to the addition of a Financial Services client to our $ 100 million - plus category. We are well positioned for stronger growth ahead.”
Meanwhile, the company’s board declared a interim dividend of Rs 25 per equity share of Re 1 each. The record has been fixed as Friday, 23 October 2026.
LTM, a Larsen & Toubro Group company formerly known as LTIMindtree, is an AI-centric global technology services company providing digital transformation, engineering and business AI solutions.
The counter jumped 3.18% to settled at Rs 4,385 on the BSE.