Nachiket Deshpande Resigns as Whole-time Director & President of LTIMindtree

LTIMindtree has announced the resignation of Mr Nachiket Deshpande from his roles as Whole-time Director and President, effective October 31, 2025. After serving the organisation for 7 years, Deshpande leaves to explore new opportunities outside the company.

Nachiket Deshpande Bids Farewell After 7 Years of Service

Mr Nachiket Deshpande, who played a key role in scaling operations and driving AI-led transformation at LTIMindtree, has officially submitted his resignation. He joined the company as Chief Operating Officer and later served as President of AI Services, contributing significantly to key strategic projects, including the landmark LTI-Mindtree merger and the expansion of AI Services.

In his resignation letter addressed to the leadership, Deshpande highlighted the company's culture of innovation, leadership, and transformation as crucial aspects of his journey. He expressed deep gratitude for the opportunities, teams, and leadership trust during his tenure.

Leadership Acknowledges His Contributions

The company, in a formal communication to the stock exchanges on October 21, 2025, acknowledged its significant contributions to LTIMindtree’s strategic direction. Mr S.N. Subrahmanyan, Chairman, expressed heartfelt appreciation, crediting Deshpande for strengthening the company’s client relationships and stepping in during critical business challenges with innovative solutions.

CEO & MD, Mr Venu Lambu, also praised Deshpande for his role in enabling transformation and wished him well for his future endeavours.

Read More: LTIMindtree Q2 FY26 Results: Net Profit Up 10.4% YoY and ₹22 Interim Dividend!

Effective Date and Future Prospects

Mr Deshpande’s last working day will be October 31, 2025, as confirmed in the official filing. While his next destination remains undisclosed, his departure has been framed positively, focused on pursuing new opportunities beyond LTIMindtree. He has assured continued support as a well-wisher from the sidelines.

LTIMindtree Share Price Performance

On October 21, 2025, LTIMindtree share price opened at ₹5,611.00 on NSE, above the previous close of ₹5,596.50. During the day, it surged to ₹5,672.00 and dipped to ₹5,533.50. The stock closed at ₹5,561.00 by the end of the day. The stock registered a moderate decline of 0.63%.

Over the past week, it has declined by 0.86%, over the past month, it has moved up by 5.72%, and over the past 3 months, it has moved up by 7.90%.

Conclusion

Nachiket Deshpande’s resignation marks the end of a 7-year transformative chapter at LTIMindtree. His legacy includes pivotal leadership during integration, growth of AI Services, and strategic client engagement. The company now moves forward to build on this momentum under new leadership.

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