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{{Infobox_Company | |
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company_name = MindTree Consulting Ltd. | |
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company_logo = [[Image:MindTree Logo.gif]] | |
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company_type = Publicly Traded Company | |
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company_slogan = Imagination Action Joy| |
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foundation = August 18, 1999 | |
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location = [[Image:Flag of India.svg|20px]] [[Bangalore]], [[India]] | |
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key_people = [[Ashok Soota]], Chairman and MD<br />[[Subroto Bagchi]], COO <br /> [[Krishnakumar Natarajan]], President IT Services <br /> [[S Janakiraman]], President, R&D Services<br />| |
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industry = [[Computer Services]] | |
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revenue = {{profit}}$ 147 million [[United States dollar|USD]] | |
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num_employees = ~4260 ([[2007]]) | |
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homepage = [http://www.mindtreeconsulting.com/ www.mindtreeconsulting.com] |
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}} |
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'''MindTree''' Consulting Limited is an international IT consulting company that was started in 1999 by 10 industry professionals who came from [[Cambridge Technology Partners]], [[Lucent Technologies]] and [[Wipro]]. Currently headquartered in [[Bangalore]], [[India]], it has 3 development centers in India and 15 offices spread across Asia, Europe and the United States. The founding team was led by [[Ashok Soota]], who was at that time vice chairman and president of [[Wipro]], one of India's largest software companies. The company has more than 4000 employees. |
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MindTree crossed USD 100 million in revenues in April 2006<ref>{{cite news |url = http://www.thehindubusinessline.com/2006/04/03/stories/2006040301640200.htm |title = MindTree posts $102-m revenue |work = [[Business Line]] |publisher = [[The Hindu]] |date = [[2006-04-03]] |accessdate = 2006-07-05}} |
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</ref>; the fastest Indian IT company to achieve the target. MindTree is also the world's youngest company to be assessed at both [[Capability Maturity Model|CMMi]] and P-CMM. |
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MindTree has been involved in the creation of [[Bluetooth]] technology <ref>{{cite news |first = Shubhrangshu |last = Roy |url = http://economictimes.indiatimes.com/articleshow/944314.cms |title = MindTree's R&D reaches new heights |work = [[The Economic Times]] |date = [[2004-12-03]] |accessdate = 2006-07-05}}</ref> and is an Associate Member of the [[Bluetooth Special Interest Group]] <ref>{{cite web| url = http://bluetooth.com/Templates/MT5_MemberDirectoryAssociate.aspx?NRMODE=Published&NRORIGINALURL=%2fBluetooth%2fSIG%2fDirectory%2fAssociates%2f&NRNODEGUID=%7bDA34AEC7-2F5D-44E1-998B-EFF58F3320B0%7d&NRCACHEHINT=NoModifyGuest%5D| title = Bluetooth SIG Associate Members| accessdate = 2006-07-05 | year = 2006 }}</ref>. Their Bluetooth [[protocol stack]] is licenced to [[NEC]] <ref>{{cite news |first = John |last = Ribeiro |url = http://www.infoworld.com/article/05/12/14/HNneclicensesbluetooth_1.html?WIRELESS%20STANDARDS |title = NEC licenses Bluetooth from Indian company |work = [[InfoWorld]] |date = [[2005-12-14]] |accessdate = 2006-07-05}} |
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</ref>. |
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==History== |
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MindTree was started by 7 leaders in the Indian IT business and 3 leaders in American IT business, including Scott Staples who now heads MindTree's US operations. They started with a funding of 9.1 million dollars from two Venture Capital firms Walden Interntational and Sivan Securities<ref>{{cite news |first = Neeraj |last = Saxena |url = http://www1.timesofindia.indiatimes.com/articleshow.cms?art_id=8273131 |title = Soota reflects infotech sector at CII |work = [[Times of India]] |date = [[2002-04-28]] |accessdate = 2006-07-05 }}</ref>. Initially starting as a pure-play e-business consulting and technology company, MindTree had to expand its offerings to include IT and R&D services during the down-turn following September 11. The company obtained a second round of funding for 14.1 million dollars in August 2001 from the [[Capital Group]], and [[Franklin Templeton]] apart from the initial VCs. |
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==Awards== |
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MindTree has been ranked: |
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* Fifth on the list of Top 10 Most Admired Knowledge Enterprises (MAKE) in India based on an annual study conducted by [[Teleos]] and the [[Know Network]] <ref>{{cite news |url = http://www.sda-asia.com/sda/news/psecom,id,11483,srn,4,nodeid,4,_language,Singapore.html |title = Mindtree Wins Knowledge Enterprise Award |work = [[SDA Asia Magazine]] |date = [[2006-10-09]] |accessdate = 2006-11-10 }}</ref> |
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* Among the "Best Companies to Work for in 2005" in the [[Business Today]]-Mercer-TNS study |
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* Among "Great Places to Work" for the second consecutive year in 2005 in a study conducted by [[Grow Talent Company]] and [[Business World]] |
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* As one of the "Best Employers in India" for the second consecutive year in 2004 by [[Hewitt Associates]] |
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* Fastest Indian Company to reach $ 100 million in revenues |
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* Youngest company to earn CRMM Level 5 certification |
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* Second in the Business Today -- Mercer "Best Company to work for in India" in 2006 <ref>{{cite news |url = http://www.indiaprwire.com/pressrelease/other/20061109991.htm |title = Indian Companies Emerge at the Top of the Business Today -- Mercer Human Resource Consulting Best Companies to Work For In India 2006 Rankings |work = [[IndiaPRwire]] |date = [[2006-11-09]] |accessdate = 2006-11-16 }}</ref> |
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* Leader-Human Capital Development- “Global Services 100” - Source CMP-CyberMedia |
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==Logo== |
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[[Image:MindTree Logo.gif|right|MindTree Logo]] MindTree’s logo was created by a student who has [[cerebral palsy]]. The MindTree team interacted with a group of ten students at the Spastics Society of [[Karnataka]] that runs a school for children with cerebral palsy - many in wheel chairs, and briefed them on MindTree’s Mission, Vision, and Core Values. |
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Subsequently, over several sessions, the team explained to them some basic concepts behind graphic design and asked them to interpret several known international logos. |
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All ten students turned in their version of MindTree’s logo. MindTree decided to adopt the work of Chetan K.S., a student who has motor and speech disability. The decisive skyward, blue brush stroke is Chetan's way of communicating imagination. The red stands for action. Finally, the bright yellow bubbles represent joy. <br/><br/> |
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==Integrity Policy== |
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MindTree has published its [http://www.mindtree.com/about/integrity_policy.htm integrity policy] as well as instances when it fired employees for breaching the policy. |
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==Knowledge Management== |
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Knowledge Management (KM) at MindTree allows MindTree Minds to tie together the collective experiences and knowledge towards better service delivery, organizational excellence and talent transformation. |
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MindTree has very active and vibrant communities that form the social network through which knowledge flows within the organization. |
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Read more about Knowledge Managment at MindTree here: [http://www.mindtree.com/kc/kc.html Knowledge Management @ MindTree] |
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==Offices and Locations== |
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Besides its co-headquarter in [[Bangalore]], MindTree also has a development centre in [[Chennai]]<ref>{{cite news |url = http://www.thehindubusinessline.com/2006/04/09/stories/2006040903510300.htm |title = MindTree plans development centre in Chennai |work = [[Business Line]] |publisher = [[The Hindu]] |date = [[2006-04-08]] |accessdate = 2006-07-05}}</ref>, and offices in [[New Delhi]], [[Santa Clara]], [[Warren]], [[Texas]], [[Washington]], [[Schaumburg]], [[McLean]], [[Denver]], [[Mumbai]], [[Chennai]], [[Frankfurt]], [[London]], [[Singapore]], [[Tokyo]], [[Sharjah]], [[Miami]], [[Sydney]] and [[Sweden]]. |
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Mindtree's regional headquarters are in Bangalore, London, and Warren (New Jersey). |
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==Profit Centers== |
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'''IT Services'''<br /> |
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- ''Key Industries'' - |
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*Travel & Transportation |
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*[[Manufacturing (CPG, Automotive and Pharma)]] |
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*[[Financial Services]] |
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''' R&D Services'''<br /> |
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- ''Markets'' - |
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*[[Communications]] |
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*Computing Systems |
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*Storage Systems |
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*Consumer Appliance |
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*Industrial Systems |
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*[[Semiconductor]] |
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- ''Licensable IP Offerings'' - |
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*[[Bluetooth]] (Software Stack and Baseband) |
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==Clients== |
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Mindtree's list of clients include Avis Rent a Car, Volvo, Cendant, Franklin Templeton, Getronics PinkRoccade, Unilever etc. |
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==Acquisitions== |
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1) Acquired [[New Okhla Industrial Development Authority|NOIDA]] based ASAP soultions in 2004 for all cash deal <br /> |
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2) Acquired [[Bangalore]] based [[Linc Software]] Services Pvt Ltd. in 2005 for stock and cash <br /> |
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3) Acquired Indian division of [[cosystems]] for all cash deal<br /> |
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==IPO details== |
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MindTree Consulting had filed its draft red herring propectus with the Securities and Exchange Board of India (Sebi) for its [[initial public offer]] (IPO)on December 12, 2006. |
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It was offering 5,593,300 equity shares of Rs 10 each.<ref>{{cite news |url = http://economictimes.indiatimes.com/articleshow/780330.cms |title = MindTree files for IPO, Soota’s stake to fall |work = [[Times News Network]] |date = [[2006-12-12]] |accessdate = 2006-12-12 }}</ref> |
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MindTree IPO opened on 9th February, 2007 and closed on 14th February 2007. The price band fixed was Rs. 365 to Rs. 425.<ref>{{cite news |url= http://in.tech.yahoo.com/070201/137/6bp09.html |title= MindTree sets IPO price band of 365-425 rupees|date=[[2007-02-01]]|accessdate = 2006-02-01}}</ref> The IPO was oversubscribed more than 100 times.<ref>{{cite news |url= http://www.moneycontrol.com/india/news/ipoissuesopen/mindtreeconsultinginitialpublicoffering/mindtreeipoover/market/stocks/article/267149|title= MindTree IPO oversubscribed 103.28 times |work = [[CNBC-TV18|Moneycontrol]]|date=[[2007-02-14]]|accessdate = 2006-02-14}}</ref> |
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MindTree listed at more than 600 Rs on 2007-03-07 <ref>{{cite news |url= http://news.moneycontrol.com/india/news/iponewlistings/mindtreeconsultingipo/mindtreeconsult/market/stocks/article/270245 |title= MindTree Consulting debuts with 47.5% premium |date=[[2007-03-07]]|accessdate = 2006-03-07}}</ref> |
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==References== |
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<references/> |
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==External links== |
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* [http://www.mindtreeconsulting.com MindTree Consulting Website] |
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[[Category:Information technology consulting firms]] |
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[[Category:Software companies of India]] |
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