India’s sixth-largest IT services firm LTIMindtree Limited announced on Tuesday that Nachiket Deshpande will resign from his role as Whole-time Director and President, with his last working day set as 31 October 2025.
He will leave the company to “explore new opportunities beyond LTIMindtree,” the company said in a regulatory filing.
Deshpande had been a key member of the leadership team at LTIMindtree, first joining the entity in November 2022 following the merger of Larsen & Toubro Infotech (LTI) and Mindtree, and transitioning from his earlier role as Chief Operating Officer to become President.
In March 2025, Deshpande was reassigned to lead the newly formed global AI services business, strategic deals and partnerships at the firm.
In its formal communication to the stock exchanges, LTIMindtree said that it placed “on record its appreciation for the contributions made by Mr Deshpande during his association with the Company.”
The company’s Chairman, S N Subrahmanyan, remarked that Deshpande’s leadership and steadfast commitment had been “pivotal in shaping the foundation for the next phase of growth for LTIMindtree.”
Deshpande’s departure comes against a backdrop of senior-level exits and a broader leadership transition at LTIMindtree. In January 2025, the company’s President of Global Markets, Sudhir Chaturvedi, resigned ahead of being considered for the CEO role.
Meanwhile, the Chief Executive Officer and Managing Director, Debashis Chatterjee, opted for early retirement in May 2025 and was succeeded by Venu Lambu.
Deshpande, in his resignation letter, described LTIMindtree as “a remarkable organisation” and said he was proud of the transformative initiatives he had been able to lead.
He noted his decision after “seven remarkable years” with the company would allow him to pursue new personal growth and career opportunities.
The company did not announce any immediate successor for the President role.
Analysts said that the exit adds to the governance and leadership change narrative at LTIMindtree, even as the firm works to execute its growth strategy and consolidate its position among global IT service providers.
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