MindTree Ltd.

Sprout spurt

MindTree is an IT and R&D services firm based in India.  Its IT services, including application development, infrastructure management, product development and testing, target the banking and financial services, insurance, manufacturing, retail, and travel and transportation markets.  The firm is the result of an unlikely collaboration between 10 industry professionals coming from three different companies: Cambridge Technology Partners, Lucent and Wipro.  One of the original 10, Ashok Soota, was vice chairman and president of Wipro at the time of MindTree's founding in 1999.  Soota is currently MindTree's chairman and managing director.

Befitting its dendrology-inspired company name and the abstract tree graphics on its website, in less than 10 years of operation, MindTree has shown marked growth.  It reached the $100 million mark in annual revenue in 2006, the fastest of any Indian IT company.  It is also the youngest company ever to achieve certification for CMMI and P-CMM, both stringent models for internal processes determined by the International Organization for Standardization.  MindTree has also managed to form alliances with some of the biggest software vendors in the world, giving the firm and its clients access to the best and latest technology.  Among its alliance partners are HP, IBM, Intel, Oracle, SAP, Sun Microsystems and Microsoft.  

Unified front

With compliance to best practices standards a given, and with the power of the industry's most successful software vendors behind it, the firm defines the quality of its work by a "customer-backward" view, that is, only the client can determine whether a project has delivered value, in the form of time or money spent, performance, service or some other factor.  MindTree, therefore, will go to great lengths to understand and satisfy a client's needs.  

The firm has also cultivated a distinct business culture, based around balance, which it calls OneShore.  The idea behind OneShore is that global development and delivery can give equal weight to quality, cost savings and localization.  Each project is tackled by a team of software engineers and business consultants that will work together through every stage, rather than relying on separate, poorly communicating camps of front-end and back-end specialists.  The firm notes that it has a balanced portfolio of on-site and offshore project work.

Getting the show on the road

In a recent engagement with Volvo, the manufacturer wanted a modern, integrated dealer management system that would allow its branches, scattered across 18 countries, to connect and meet the demands of the market.  MindTree deployed experts to multiple locations to ensure that it could bridge the idiosyncrasies of branches utilizing different languages, currencies and sales models.  It was able to design and implement a new system that consolidated the entire network of dealers into a single automated information management system.  Volvo was satisfied with the results, having subsequently achieved an improved service index, better dealer profitability and higher stock returns.



MindTree Ltd.


42, Block A, 27th Cross
Banashankari 2nd Stage
Bangalore 560 070
Phone: 91 80 6706 1000
Fax: 91 80 2671 4000
www.mindtree.com

STATS


  • Employer Type: Public
  • Stock Symbol: MINT
  • Stock Exchange: BSE
  • Chairman and Managing Director: Ashok Soota
  • 2009 Employees: 7,750

Major Office Locations

  • Warren, NJ
  • Bangalore, India

Key Financials

  • 2009 Revenue: $57 million

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