LTIMindtree and Saudi Aramco Partner for Digital Innovation in Saudi Arabia

LTIMindtree recently informed the stock exchanges about the incorporation of a joint venture with Saudi Aramco’s wholly owned subsidiary, Global Digital Integrated Solutions Company. 

The company stated that as per the Shareholder’s Agreement signed on March 5, 2024, the joint venture was officially registered on November 22, 2024, under the name LTIM Aramco Digital Solutions for Information Technology. This new entity, based in the Kingdom of Saudi Arabia, aims to leverage LTIMindtree’s technical expertise and Saudi Aramco’s industry leadership to create innovative digital solutions in the region.

The joint venture is expected to play a pivotal role in the Kingdom’s ongoing digital transformation journey, focusing on advanced IT services that align with Saudi Arabia’s Vision 2030. By combining LTIMindtree’s global experience with Saudi Aramco’s domain knowledge, the collaboration promises to unlock new growth opportunities in the rapidly evolving digital space.

Recently, LTIMindtree announced an extension of its partnership with Nexi Group, a leading European PayTech provider. The extended collaboration focuses on enhancing Nexi’s core acquiring, issuing, and e-commerce platforms. Leveraging its technical expertise, LTIMindtree will optimise these platforms for better performance, innovation, and scalability. Additionally, the company will manage Nexi’s hybrid infrastructure, enabling seamless integration of on-premise and cloud-based solutions.

On November 25, 2024, LTIMindtree share price opened at ₹6,150.00, touching the day’s low at ₹6,089.15, as of 9:42 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.