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MindTree Consulting Ltd.
Company typePublic
IndustryComputer Services
FoundedAugust 18, 1999
Headquarters Bangalore, India
Key people
Ashok Soota, Chairman and MD
Subroto Bagchi, COO
Krishnakumar Natarajan, President IT Services
S Janakiraman, President, R&D Services
RevenueIncrease$102 million USD
Number of employees
~3900 (2006)
Websitewww.mindtree.com

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 3500 employees.

MindTree crossed USD 100 million in revenues in April 2006[1]; the fastest Indian IT company to achieve the target. MindTree is also the world's youngest company to be assessed at both CMMi and P-CMM. . MindTree has been ranked among the "Best Companies to Work for in 2005" in the Business Today-Mercer-TNS study. MindTree has also been ranked among "Great Places to Work" for the second consecutive year in 2005 in a study conducted by Grow Talent Company and Business World, and as one of the "Best Employers in India" for the second consecutive year in 2004 by Hewitt Associates.

MindTree has been involved in the creation of Bluetooth technology [2] and is an Associate Member of the Bluetooth Special Interest Group [3]. Their Bluetooth protocol stack is licenced to NEC [4]. MindTree is slated to go public [5]in the first quarter of next year.

History

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[6]. 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.

MindTree Logo
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.

Subsequently, over several sessions, the team explained to them some basic concepts behind graphic design and asked them to interpret several known international logos. 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.

Integrity Policy

MindTree has published its integrity policy as well as instances when it fired employees for breaching the policy.

Offices and Locations

Besides its headquarters in Bangalore, MindTree also has a development centre in Chennai[7], and offices in New Delhi, Santa Clara, Warren, Schaumburg, McLean, Denver, Hayes, Frankfurt, Singapore, Tokyo, Sharjah, Miami and Sydney.

Profit Centers

IT Services
- Key Industries -

R&D Services
- Markets -

- Licensable IP Offerings -

Acquistions

1) Acquired Noida based ASAP soultions in 2004 for all cash deal
2) Acquired Bangalore based Linc Software Services Pvt Ltd. in 2005 for stock and cash
3) Acquired Indian division of cosystems for all cash deal

References

  1. ^ "MindTree posts $102-m revenue". Business line. The Hindu. 2006-04-03. Retrieved 2006-07-05. {{cite news}}: Check date values in: |date= (help)
  2. ^ Roy, Shubhrangshu (2004-12-03). "MindTree's R&D reaches new heights". The Economic Times. Retrieved 2006-07-05. {{cite news}}: Check date values in: |date= (help)
  3. ^ "Bluetooth SIG Associate Members". 2006. Retrieved 2006-07-05.
  4. ^ Ribeiro, John (2005-12-14). "NEC licenses Bluetooth from Indian company". InfoWorld. Retrieved 2006-07-05. {{cite news}}: Check date values in: |date= (help)
  5. ^ "Mindtree Consulting to go public". CNBC. 2006-07-15. Retrieved 2006-07-16. {{cite news}}: Check date values in: |date= (help)
  6. ^ Saxena, Neeraj (2002-04-28). "Soota reflects infotech sector at CII". Times of India. Retrieved 2006-07-05. {{cite news}}: Check date values in: |date= (help)
  7. ^ "MindTree plans development centre in Chennai". Business line. The Hindu. 2006-04-08. Retrieved 2006-07-05. {{cite news}}: Check date values in: |date= (help)
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