Overview
LTM, an AI‑centric global technology services company and a Larsen & Toubro Group subsidiary, announced that it has secured a strategic engagement with a large global banking and financial services firm. The engagement, which began in 2026, is set for an initial two‑year term with an option to extend for a further year.
Financial Terms
The contract has a potential value of up to USD 100 million, with the optional third year to be exercised at the client’s discretion.
Scope of Services
Under the agreement LTM will act as the preferred partner responsible for consolidating and delivering strategic technology requirements across the client’s key wealth, personal banking and global functions. The services will draw on LTM’s banking‑domain expertise, engineering excellence, AI‑led engineering capabilities and its global delivery network.
Capabilities and Resources
LTM employs more than 88,000 professionals across 40 countries, enabling it to support large‑scale technology transformation programmes and supplier consolidation initiatives for the client.
Significance
The deal reinforces LTM’s position as a trusted technology and transformation partner to leading financial institutions and demonstrates its ability to generate measurable business outcomes through technology, engineering and AI‑infused delivery.