LTIMindtree names Vipul Chandra as new CFO

IT services company LTIMindtree on Thursday announced the appointment of Vipul Chandra as the chief financial officer, effective April 25. He takes over the role from Vinit Teredesai who has been serving at the post since June 2020, and exiting company to pursue further professional interests.

Chandra is an industry veteran, having spent three decades in Financial Markets, Risk Management, Banking Operations, and Treasury Management. He joined L&T in October 2023 as the head of treasury in Corporate Finance. In this role, Chandra led the company’s efforts in  capital structuring and allocation, resource mobilisation, working capital and financial risk management across the group. Before L&T, he worked as the managing director, head of corporate sales and structuring in Global Markets business at Citibank. Chandra is an alum of Delhi College of Engineering and IIM Calcutta.

“Vipul Chandra has been in various senior roles within the organization for more than a decade. Through his experience of 3 decades & his in-depth knowledge about L&T group we are sure he would lead the finance function of LTIMindtree ably. I would also like to appreciate the work done by Vinit Teredesai and wish him well for his future endeavors,” said A.M.Naik, Chairman, LTIMindtree.

The outgoing CFO, Teredesai has been with LTIMindtree (before LTI and Mindtree) since 2020. He has worked with companies like KPIT, HSBC, Sungard, Cognizant, among others. Vinit is a Chartered Accountant, Cost and Works Accountant and a Certified Public Accountant–USA. 

This week, LTIMindtree announced that it will be setting up a joint venture with Global Digital – an arm of Saudi Aramco for IT services in the MENA region. The IT services company will be acquiring 51% of the joint venture with an initial investment of $12.3 million.