Things LTI-Mindtree’s incoming CEO needs to fix before growth takes off


From left, Venu Lambu, CEO-designate, LTI-Mindtree; CEO Debashis Chatterjee. Image credit: Company

Synopsis

As Venu Lambu takes over with the prospect of demand in the IT sector improving, he has a long list of things that will need his undivided attention.

When a company’s internal working is compared to Gangs of Wasseypur — a brutal, violent depiction of two rival gangs fighting a pitched battle — you know something must have gone dreadfully wrong. LTI-Mindtree appears to be one such case. Formed after a hostile takeover of mid-tier IT firm Mindtree and then merged with LTI, a Larsen & Toubro (L&T) arm, the company has never been short of management drama. But that reached a peak with CEO

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