L&T Infotech and Mindtree merger to start on strong foundation: Analysts

L&T Infotech and Mindtree merger: Keeping in mind strong growth momentum, analysts tracking the sector were not too confident if this would be the right time to go in for a merger.

With the buzz on merger of L&T Infotech (LTI) and Mindtree getting stronger, analysts believe that the merged entity will start on a strong foundation of growth as the combined total contract value (TCV) of both the companies at the end of FY22 was over $3 billion, but they are still skeptical on the timing of the merger.

Among the mid-cap players, both LTI and Mindtree have performed well for the fourth quarter of FY22 as well as for the full year. LTI, which crossed the $2 billion revenue mark for the fiscal post its result reported that