LTIMindtree delays increments again, 50% staff to get raises in January, April

LTIMindtree will defer its FY26 wage hikes and spread them across two quarters, with half its employees receiving increments from January and the remainder from April.

Chief Executive Officer and Managing Director Venu Lambu announced the change at the company’s second-quarter earnings call on 16 October.

“This may be the new normal going forward as well,” Lambu said, reported Moneycontrol. “We may not have a one wage hike in one particular quarter for all of employees. We are beginning from this time. We will have wage hike spread over two quarters. The first tranche will be effective from January 1, and the second one will be in the April 1 quarter. And I would expect that we will have to adjust to the new normal that we will have two stages of increments coming in our employee base.”

Asked about the change in the increment cycle, Lambu said the subject of wage hikes was “evolving” as both the industry and the company face a “significant inflection point”.

“There are a lot of opportunities on the other side of the inflection point. And one of the critical aspects of the journey travelling together with our employees is about how we cross-skill and upskill them to the next AI requirement or AI projects that keeps coming to us,” he said.

He added: “In the agent AI era, the skill becomes a very critical element of that. So we take our employees along that skilling programme and that’s already in progress and that will continue to accelerate.”

This is not the first time LTIMindtree has moved its annual wage cycle. In FY25, the company rolled out increments in the October–December quarter. In FY24, it delayed hikes from April to August.

On 16 October the company also reported its July–September quarter results. Consolidated net profit rose 10.3 per cent to ₹1,381 crore, compared with ₹1,251 crore in the same quarter last year. Revenue for the quarter crossed ₹10,000 crore for the first time, rising to ₹10,394.3 crore against ₹9,432.9 crore a year earlier.