LTI Mindtree has strong leadership, no succession plan for now: AM Naik

IT services major LTI Mindtree continues to have strong leadership and is not focusing yet on succession planning, as the current chief executive, Debashis Chatterjee, will continue to serve his term until December 2025, said AM Naik, chairman emeritus, Larsen & Toubro (L&T) Group.

He brushed aside concerns that LTIMindtree is going through a senior leadership churn. "I do not see any change in leadership. We have all of our people, we have a CEO, president of sales and a COO. I do not see any change coming in near future."

He was responding to media reports suggesting LTIMindtree is looking for a successor to Chatterjee, whose tenure is coming to an end. Naik said Chatterjee is still with the company for the next 18 months, and that it is too early to start to look for a replacement.


The conglomerate announced that Naik is stepping down as non-executive chairman and member of the board of its IT subsidiary firms LTIMindtree and L&T Technology Services (LTTS). The group also announced SN Subrahmanyan, (vice-chairman), as chairman with effect from June 27, 2024.

On being asked whether the two technology firms could be merged anytime soon, Naik said that the group is not thinking in that direction. "We are very focused on engineering, it's our core competence. We believe that by mixing IT services and engineering we will not be able to bring the expertise in the engineering segment. We would like to keep these separate," he said while addressing media persons post the annual general meeting (AGM) of LTIMindtree and LTTS on Wednesday.