With the buzz about the 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.
“L&T is on the horns of a dilemma, both Mindtree and LTI are performing better than the market, and in fact, they are some of the top performers in the market. They are both performing significantly better than the scaled competitors such as Infosys TCS and Wipro, hence a merger is highly risky,” opined Peter Bendor-Samuel, CEO, Everest Group, an advisory firm.
