Mindtree will continue as a separate entity: L&T
Larsen and Toubro, which recently acquired a majority share in Mindtree, said the IT firm will be run as a separate entity and operate at an arm's length from the construction major's own tech units.
There is no direct conflict between Mindtree and L&T Infotech (LTI) as "they operate in vastly different areas with a minimum client overlap", L&T CEO and Managing Director SN Subrahmanyan said to Pixr8 News, asserting that no position is sought to be disturbed at Mindtree and no changes are being contemplated right now.
L&T will focus on "continuity" as a key theme in the management transition, and the announcement for a new chief executive for the IT services firm will be done in due course, he told Pixr8 News.
Last week, L&T was categorised as a promoter of Mindtre...