SNS, as Mr. Subrahmanyan is popularly known, was instrumental in the acquisition of Mindtree in 2019 and then led the merger of L&T Infotech and Mindtree.
FinTech BizNews Service
Mumbai, June 26, 2024: Mr. A. M. Naik has decided to step down as Chairman of LTIMindtree at the end of LTIMindtree’ 28th AGM on 26th June 2024. The Board of Directors of LTIMindtree at its meeting held on June 26, 2024, have appointed Mr. S. N. Subrahmanyan, (Vice-Chairman), as Chairman with effect from June 27, 2024.
The Board highly appreciated Mr. Naik’s unparalleled contribution to the Company and recorded that his stewardship led to an upsurge in shareholder value creation. AMN, as he is popularly known, has been the Founder Chairman of the company and the architect of the transformation of LTIMindtree into a sharply focused global conglomerate with dominance in the sectors in which it operates. He constantly pushed the boundaries of what’s possible by laying emphasis on technology, talent and innovation.
Speaking on this development, Mr. Naik said, “It is with immense pride and satisfaction, I reflect on the journey from the initial days of L&T Infotech to the IT services behemoth that LTIMindtree has become today. I feel privileged to have not only led such a great organisation but also laid the foundation for future growth and success. From June 27, 2024 under Mr. Subrahmanyan’s able leadership, I am sure LTIMindtree will continue to grow further and reach new pinnacles of success”.
SNS, as Mr. Subrahmanyan is popularly known, joined the Board of L&T Infotech on 10 Jan 2015. He was appointed as the Vice Chairman of L&T Infotech on 04 May 2017. SNS has played a stellar role through his thoughtful guidance and constructive inputs in the growth of LTIMindtree. He was also instrumental in the acquisition of Mindtree in 2019 and then led the merger of L&T Infotech and Mindtree.
On this occasion, Mr. Subrahmanyan said, “First of all, I would like to acknowledge Mr. Naik’s efforts towards building this IT giant within the L&T Group. What he has done is humongous and simply outstanding. I would like to express my sincere gratitude to him and the Board for reposing trust in me and appointing me as the Chairman. I would humbly like to take up this responsibility and take LTIMindtree’ legacy of trust, customer focus, timely delivery, quality, people centricity, and professionalism forward”.
