Moneycontrol had earlier reported that COO Nachiket Deshpande pipped Sudhir Chaturvedi to become the frontrunner for CEO post, after Debashis Chatterjee.
LTIMindtree's chairman emeritus Naik has shared that the conglomerate would start to look for a successor to CEO Debashis Chatterjee only six to nine months before his term ends.
He is tipped to succeed Debashis Chatterjee, the first CEO of the combined LTIMindtree post-merger, whose term ends in end of 2025. At present, Deshpande serves as the company’s chief operating officer (COO).
Many deal wins that were delayed are expected to ramp up in Q1, and revenue will start kicking in, Chatterjee said, adding that the upcoming quarter will be better than Q4.
According to CEO Debashis Chatterjee, although LTIMindtree anticipates above average furloughs in Q3, the company remains confident of its robust order inflow to deliver stronger H2 of FY24, and setting a promising stage for FY25.
The sector appears to be stuck in a situation where it is seeing strong demand along with uncertain deal closure timelines. Analysts say the sector's growth will fall from double-digits to lower single-digit levels in FY24