LTIMindtree Share Price in Focus; Secures $100 Million Deal with European MedTech Company

LTIMindtree Limited has announced a significant strategic agreement with a European MedTech company valued at $100 million.  

The multi-year deal will involve product development and support services for the client's flagship hearing instrument brands over a period of 7 years. 

LTM Wins $100 Million Multi-Year Deal with European MedTech Firm 

On February 23, 2026, LTIMindtree informed the stock exchanges that it has secured a multi-year, $100 million strategic agreement with a MedTech company in Europe, a leading provider of innovative hearing solutions.  

The agreement will span over 7 years and involves delivering product development and support across the client's flagship products.  

Towards this engagement, LTM will leverage iNXT, its cross-industry digital transformation and innovation platform designed to help enterprises manage the convergence of the physical and digital worlds. 

Scope of Services Under the Agreement 

As part of this agreement, LTM will develop and support the MedTech company's primary hearing instrument brands and its private labels.  

This includes the MedTech's core wearable devices, the fitting application used by hearing care professionals to configure hearing aids, and the mobile application for device control.  

Along with technological development and support, LTM will lead and navigate complex MedTech compliance and regulatory frameworks for the client. 

Read More: L&T Market Cap Nears ₹6 Trillion as Stock Gains 10% in One Month! 

About the Client Engagement 

The European MedTech company is a leading provider of innovative hearing solutions in the market. The strategic agreement encompasses both development and ongoing support for the company's product portfolio.  

LTM's role will extend beyond technology development to include management of regulatory compliance frameworks specific to the medical technology sector. 

Background on LTM 

LTM, a Larsen and Toubro Group Company, is an AI-centric global technology services company positioned as a Business Creativity partner to large enterprises.  

The company employs over 87,000 employees across 40 countries. Its capabilities span integrated operations, transformation, and business AI. The company noted that a name change is currently pending shareholders and regulatory approvals. 

LTIMindtree Share Price Performance  

As of February 23, 2026, at 1:15 PM, LTIMindtree share price on NSE was trading at ₹4,815.00 down by 1.52% from the previous closing price. 

Conclusion 

LTIMindtree has announced a $100 million multi-year strategic agreement with a European MedTech company for product development and support services. The 7-year deal encompasses work on hearing instrument brands, wearable devices, and associated applications, along with regulatory compliance management for the client. 

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