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Mind Tree

Mindtree is an Indian IT services company founded in 1999 with headquarters in Bangalore, India. It employs over 7,450 people and had revenues of $269.1 million USD as of September 2009. Mindtree provides IT services, infrastructure management, testing, knowledge services and product engineering. Key people include Ashok Soota as Executive Chairman and Krishnakumar Natarajan as CEO and Managing Director.

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0% found this document useful (0 votes)
605 views25 pages

Mind Tree

Mindtree is an Indian IT services company founded in 1999 with headquarters in Bangalore, India. It employs over 7,450 people and had revenues of $269.1 million USD as of September 2009. Mindtree provides IT services, infrastructure management, testing, knowledge services and product engineering. Key people include Ashok Soota as Executive Chairman and Krishnakumar Natarajan as CEO and Managing Director.

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rahulinspace
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Founded August 18,1999

Headquarters Bangalore, India

Key people Ashok Soota, Executive


Chairman
Subroto Bagchi, Co-
Chairman and Gardener
Krishnakumar Natarajan,
CEO and MD
S Janakiraman, President &
CEO - R&D Services

Industry Computer Services

Revenue Ÿ$ 269.1 million USD

Employees 7,450 (As on 30 Sep,2009)


Founders of
Mindtree
Chairman and managing director of MindTree Ltd., Ashok Soota co-
founded the company in August 1999 along with nine other industry
professionals.
i i
  , Chairman & Chief Executive
Officer

   , Vice Chairman and President, Americas
 
, Vice Chairman and President, Europe & Asia
 , President - Technology Business
  , Senior Vice-President - Delivery and Operations
 , Vice-President - Development    , Head -
Finance Industry Practice
 !", Senior Vice-President, Wireless Practice and Chief
Technology Officer
 #$ , Senior Vice-President, Sales & Marketing

%   , Vice-President, Engineering


About Ashok Soota
V   was the President of Wipro from 1984 to
1999. He co-founded MindTree Ltd. (formerly know
as Mindtree Consulting Pvt. Ltd.) in 1999, which is
currently a leading name in IT consulting.
V Prior to co-founding Mindtree, Soota was president of
Wipro Infotech from 1984 to 1999. Under his
leadership, the company grew from a US$ 2 million
business in 1984 to a US$ 500 million business in
1999.
VSoota began his career in 1965 with the Shriram Group
of Industries in India.
VSoota was the president of the Confederation of Indian
Industry (CII) during 2002-03, and has served on the
Indian Prime Minister's task force for development of the
IT industry. Also, he is currently a member of the Advisory Ashok
Council of World Intellectual Property Organization in
Geneva. Soota
VSoota holds a Bachelor of Science degree in electrical
engineering IIT,Roorkee) and a Master of Business
Administration degree from the Asian Institute of
Management in the Philippines.
 i
  
i 
   

 i
  
   
    
     
   ! 
 "   #$
   
 i   
  %!   !  &$'
 &$$() i  *
     
+i     "
 ,    
  *   
  ,-
 &$$.$( *  
&/$   
0" &$$$  )
Important People In Mindtee
Ashok Soota Subroto Bagchi
Executive Chairman Vice Chairman and
Gardener
Krishnakumar Natarajan
CEO and Managing Director S. Janakiraman ("Jani")
President and Group CEO,
Vinod Deshmukh Product Engineering
President and CEO, R&D Services
Services
Anjan Lahiri
Ashok Krishnamoorthy President and CEO, IT
President and CEO, Services
Software Product
Engineering Scott Staples
President and CEO,
Parthasarathy N.S. Knowledge Services
CEO, Independent Testing &
IMTS Kamran Ozair
Executive Vice President
Samartha Raghava and Chief Technology
Nagabhushanam Officer (CTO)
About Mindtree
Vi is a global IT Solutions Company specializing in IT Services,
Infrastructure Management and Technical Support (IMTS), Independent Testing
,Knowledge Services and Product Engineering, which comprises of R&D Services,
Software Product Engineering and Next in Mobility (N!Mo).
VIt has Currently co-headquartered in Warren, New Jersey and Bangalore, India, it
has 3 development centers in India and 15 offices spread across Asia, Europe and
the Unitd states.
VMindTree crossed USD 100 million in revenues in April 2006[ the fastest Indian IT
company to achieve the feat. MindTree is also the world's youngest company to be
assessed at both CMMi and P-CMM.
has been
VOn September
VMindTree 29,involved in the creation
2009, Mindtree agreedof Bluetooth technology and is an
to buy Bangalore-based
Associate Member ofIndia
Kyocera Wireless the Bluetooth Special
Pvt Ltd and makeInterest Group.payment
an upfront Its Bluetooth protocol
of $6
stack is licenced to NEC.
million
Vision And
Mission
Vision Mission
"Deliver business-enabling solutions
and technologies by creating
³to diversify ourselves, not only by
partnerships with our customers in a
our culture, but also by our people.´
joyous environment for our people."
Key Success
Factors
Sound Management Skills

Nurturing Working Atmosphere

Commitment To Values, Speed ,Imagination


and Excellence

Personnel Management

Infrastructure
&i 
- Key Industries -
Travel and Transportation
Manufacturing (Consumer Goods, Automotive and Pharmaceuticals)
Banking and Financial Services
Capital Markets
High tech
Insurance
Multi Markets (Retail, Media)
'# 
- ` rkets -
 
Automotive
Communication Systems
Consumer Appliances and Computer Peripherals
Industrial Systems
Medical Electronics
Storage and Computing Systems
Multi Markets (Avionics)
- Licens e IP Offerings -
Bluetooth (Software Stack and Baseband)
SBC (Bluetooth low-complexity Sub-Band Codec)
% 
( 
&$i 
&) 

i 
$$ 
  *%!+
 (  

V Globalization, Deregulation and


Consolidation are changing
businesses fundamentally

V Financial markets are


integrated and capital flows
globally

V Increasing competition from


developing economies

V India and China are creating large


markets
($  
 

VInnovative HR practices

VWorld class training program and


infrastructure

V Knowledge Management

V World class physical infrastructure

V Employee Stock Option Plan

V Employer of choice in India


Turnover and Profit
% ( $,-../ 
,-../
Turnover (Rs. in crores)
314.98 304.77

Net Profit (Rs. in


crores) 49.88 56.73

Dividend % 0.00 0.00


EPS in (Rs.) 12.74 14.51
Operating Profit (Rs. in
crores) 69.77 83.92
) * +
%0 

Period ending (months) 30-Sep-2009(6) 31-Mar-2009 (12) 31-Mar-2008 (12)

Net sales 6004.60 10125.70 7338.40

Other Income 36.60 78.80 237.70

Total Income 6041.20 10204.50 7576.10

Cost of goods sold 4387.00 7484.50 6040.50

OPBDIT 1654.20 2720.00 1535.60

PAT 1028.20 300.00 1041.90

Gross Block - - -

Equity capital 391.90 380.00 379.20

EPS (Rs.) - 7.94 27.69

DPS (Rs.) - - -

BV (Rs.) - - -

P/E range (x) - 23.56 - 63.80 11.60 - 32.17

Debt / Equity (x) - - -

Operating margin (% of OI) 27.4 26.7 20.3

Net margin (% of OI) 17.0 2.9 13.8


Industry Computer Services

Revenue Ÿ$ 269.1 million USD

Employees 7,450 (As on 30 Sep,2009)


MindTree Consulting Revenue break-
up 

Asia Pacific
Europe
US
VWe have partnered with our clients on over 165 engagements. A sample of our clients include:

Our Clients
VKodak
VArcelor Mittal
VMicrosoft
VBroadcom
VNFL
VAmerican Airlines
VP&G
VANZ
VRenault Trucks
VAOL
VShinsei Bank
VAvis Budget Group
VSITA
VCadence
VSIEMENS
VCISCO
VSONY
VCCH
VSymantec
VCrate&Barrel
VTexas Instruments
VEMC2
VUnilever
VFranklin Templeton
VUnited Technologies
VGoogle
VYahoo
VWe have forged successful business and technology alliances with some of the big names in the industry, a few of which are:

!
%
We have forged successful business and technology alliances with
some of the big names in the industry, a few of which are:

VAdexa
VAnalog
VARM
VBEA Systems
VBorland
VBluettooth SIG
VHewlett Packard
VIBM
VIntel
VMicrosoft
VSAP
Offices and
Locations
Besides its co-headquarters in Bangalore, MindTree
has a development centre in Mahindra World
City, Chennai named MindTree Coramandel, and
offices in Pune, New Delhi, San
Jose,Warren, Texas, Washington, Schaumburg, McLea
n, Denver, Mumbai, Chennai, Frankfurt, London, Colog
ne, Singapore, Tokyo, Sharjah, Miami, Sydney and Sw
eden.
MindTree's regional headquarters are in Bangalore,
London, and Warren (New Jersey).
MindTree West Campus, Bangalore MindTree Coromandel Chennai Campus
Mindtree Wesr Campus,London Mindtree,Frankfurt
i 1 i  
MindTree established its office in London in
the (
 $

UK in 2003, which is its European In the EU, MindTree has opened two
headquarters. more offices
The EU today contributes approximately 22 i.e. in Germany (Frankfurt and
per Munich).The basic
cent to the company¶s revenues. Some of objective of the company is to tap the
the major potential
clients of the company in the UK are Royal available in the market. It has been
Mail, witnessing
Imperial Tobacco and Unilever.The growth of its operations in France and
company has has
leveraged its London (UK) office to established strong presence in
establish Switzerland
relationships with companies in continental
Europe
and penetrated the EU.The company has


%
&  (
 $% 
The EU has an economy which is approximately
the same size as that of the US economy but
MindTree has only 22 per cent of its business
coming from the EU.The company views the EU
as central to its growth plans and its objective
is to increase its share of business in the EU.
It has plans to invest in opening new offices
to increase its business in the EU.
 ( %
MindTree plans to leverage its ongoing association
with the UK Trade & Investment Body to further
understand the EU market and penetrate it.The
company has plans to participate in the various
industrial conferences to showcase its strengths
and gain new clients.This plan of action will be
a part of its brand-building exercise in the EU
  
MindTree received the National Award for Excellence in Corporate Governance for
2007-08 - recognized for best governance among publicly listed companies in India.
MindTree was ranked No. 1 in the Most Admired Knowledge Enterprise (MAKE) award
for the second consecutive year in 2008
MindTree won the SAP ACE Award 2008 for Customer Excellence in the category of
"Best Professional Services Sector Implementation - Mid-sized Enterprises".
MindTree received the BML Munjal Award, adjudged the best Indian private sector
company in the area of Learning and Development, in February 2008.
MindTree was named among the world's top 100 outsourcing service providers by the
International Association of Outsourcing Professionals 2007.
MindTree was named the leading service provider in the "Human Capital
Development" category by Global Services magazine in 2006.
MindTree was awarded a Silver Trophy at the EMPI-Indian Express Innovation Awards
2006.
MindTree was ranked among the "Best Companies to Work for in 2005" in the
Business Today-Mercer-TNS study. In 2006 and 2007, the Company finished in
second place overall.
MindTree has also been ranked in the Top 10 among "Great Places to Work" for in
2005-2007 in a study conducted by Grow Talent Company and BusinessWorld.
MindTree was selected among the Top 25 organizations in India for Good Corporate
Conclusion
Stress on Building and maintaining relationships.

Innovation is the only means to sustain customer


loyalty in a flattening world.

Acceleration of innovation is an imperative that


organisation should address through well defined
framework

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