IT services major LTIMindtree on October 21 announced that Nachiket Deshpande will be resigning from the position of Whole-time Director & President with effect from October 31, 2025, to explore new opportunities outside the company.
Formerly the COO of LTIMindtree, Deshpande was assigned the new role in March 2025 as the president of the company’s newly formed AI services business group, as a part of CEO Venu Lambu’s ongoing senior management changes.
He played a crucial role in the company's recent mega deal wins including the record seven-year deal win of $450-million with an unnamed global agribusiness leader.
Earlier Deshpande was one of the front runners for the CEO position to succeed incumbent CEO Debashis Chatterjee. Lambu was announced as the CEO designate in January.
He has been with erstwhile LTI Board & presently the LTIMindtree Board since 2019.
In his resignation email shared in the exchange filings, Deshpande wrote, "Working together in last 9 months have been very energizing and enjoyed building momentum in large deals and launch of BlueVerse."
"I am confident that LTIMindtree will realize its full potential for all its key stakeholders. I will continue to be your biggest cheerleader on the side lines," he added.
S.N. Subrahmanyan, Chairman LTIMindtree said, "I would like to extend my heartfelt gratitude to Nachiket for the remarkable impact he has made during his long tenure at LTIMindtree."
"His leadership and unwavering commitment have been pivotal in shaping the foundation for the next phase of growth for LTIMindtree. From fostering strategic relationships with some of our most esteemed clients to stepping in during critical moments of business problem solving and innovative solutions, Nachiket consistently demonstrated exceptional strategic acumen and a steadfast passion to excellence," he added.
Venu Lambu, CEO & MD LTIMindtree said "We sincerely value his contributions. As Nachiket embarks on the next chapter of his journey, we wish him continued success, happiness, and new accomplishments in all his future endeavours."
Deshpande added "The past years have been an incredible journey-rich with opportunities to grow, learn, and contribute meaningfully to this remarkable organization. It has been a privilege to work closely and learn from Chairman SNS, board members and my esteemed colleagues."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
