AM Naik Steps Down As LTIMindtree Chairman, SN Subrahmanyan To Succeed

Industry doyen A M Naik has decided to step down as Chairman of LTIMindtree, effective on 26 June 2024. The company's board has appointed S N Subrahmanyan, currently Vice-Chairman, as the new Chairman, with his term commencing on 27 June 2024.

Last year, Naik stepped down as Non-Executive Chairman of Larsen & Toubro (L&T), with SN Subrahmanyan succeeding him. Despite stepping down, Naik remained actively engaged with the company as chairman of the employees’ trust, advisor to the board, and chairman of the two IT subsidiaries, including L&T Technology Services Ltd (LTTS), up until now.

“It is with immense pride and satisfaction, I reflect on the journey from the initial days of L&T Infotech to the IT services behemoth that LTIMindtree has become today. I feel privileged to have not only led such a great organisation but also laid the foundation for future growth and success. From June 27, 2024 under Mr. Subrahmanyan’s able leadership, I am sure LTIMindtree will continue to grow further and reach new pinnacles of success,” said Naik in a statement.

S N Subrahmanyan, popularly known as SNS, joined the Board of L&T Infotech on 10 January 2015, and was appointed Vice Chairman on 4 May 2017. He has played a crucial role in the company’s growth through his guidance. SNS was also instrumental in the acquisition of Mindtree in 2019 and subsequently led the merger of L&T Infotech and Mindtree.

“First of all, I would like to acknowledge Mr. Naik’s efforts towards building this IT giant within the L&T Group. What he has done is humongous and simply outstanding. I would like to express my sincere gratitude to him and the Board for reposing trust in me and appointing me as the Chairman. I would humbly like to take up this responsibility and take LTIMindtree’ legacy of trust, customer focus, timely delivery, quality, people centricity, and professionalism forward,” said Subrahmanyan.