Why Did LTIMindtree's Whole-Time Director, President Nachiket Deshpande Resign?
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Synopsis
LTIMindtree's Whole-Time Director and President, Nachiket Deshpande, has decided to resign to explore new opportunities. His contribution has been vital to the company's growth since 2019. This change comes shortly after a strong quarterly performance report. What does this mean for LTIMindtree's future?
Key Takeaways
- Nachiket Deshpande resigns to pursue new opportunities.
- He will officially leave after October 31, 2025.
- Deshpande has been a part of the company since 2019.
- LTIMindtree reported a 10 percent increase in net profit for Q2 FY26.
- The company will pay an interim dividend of Rs 22 per share.
New Delhi, Oct 21 (NationPress) LTIMindtree's Whole-Time Director and President, Nachiket Deshpande, has announced his resignation from the company, as stated in an exchange filing on Tuesday.
His last day in office will be October 31, 2025, as per the announcement.
"This is to inform you that Nachiket Deshpande has stepped down from his role as Whole-Time Director and President to pursue new ventures outside of LTIMindtree. He will complete his responsibilities by the close of business on October 31, 2025," the company disclosed in the filing.
The firm recognized Deshpande as a valued member of both the previous LTI Board and the current LTIMindtree Board since 2019, highlighting his significant contributions to the company’s strategic growth and direction.
LTIMindtree Chairman S.N. Subrahmanyan stated, "I extend my deepest gratitude to Nachiket for the substantial impact he has had during his extensive tenure at LTIMindtree. His leadership and steadfast dedication have been crucial in laying the groundwork for LTIMindtree's next growth phase."
Deshpande reflected, saying that the previous years have been an extraordinary journey filled with opportunities for growth, learning, and meaningful contributions to this exceptional organization.
"It has been an honor to collaborate with and learn from Chairman S.N.S., board members, and my respected colleagues,” he noted.
Just last week, the IT service provider reported a net profit for the second quarter of the current fiscal year (Q2 FY26) at Rs 1,381.2 crore, a 10 percent increase year-on-year.
In the same quarter last year (Q2 FY26), the company recorded a net profit of Rs 1,251.6 crore. Furthermore, the profit rose by 10 percent from Rs 1,254.6 crore quarter-over-quarter.
Its operating revenue for the quarter amounted to Rs 10,694.7 crore, reflecting a nearly 5 percent quarter-over-quarter increase from Rs 10,232.7 crore and over 9 percent year-on-year growth from Rs 9,731.8 crore.
The multinational IT company has set October 24 as the record date for its interim dividend, which will distribute Rs 22 per share to its shareholders.
Point of View
Nachiket Deshpande's resignation invites speculation about the company's future direction. His contributions have been significant, and this transition raises questions about leadership continuity. As the company reports solid financial results, it will be essential to monitor how upcoming leadership changes affect its strategic goals.
NationPress
21/10/2025
Frequently Asked Questions
What prompted Nachiket Deshpande's resignation?
Nachiket Deshpande has decided to resign in order to pursue new opportunities outside of LTIMindtree.
When will Deshpande officially leave the company?
He will be relieved of his duties after office hours on October 31, 2025.
What contributions did Deshpande make to LTIMindtree?
Deshpande has been instrumental in shaping the strategic direction and growth of LTIMindtree since 2019.
How has LTIMindtree performed financially recently?
The company reported a net profit of Rs 1,381.2 crore for the second quarter of FY26, marking a 10 percent increase year-on-year.
What is the company's interim dividend?
LTIMindtree has set October 24 as the record date for its interim dividend, paying out Rs 22 per share to shareholders.
