|Founded||18 August 1999|
|Headquarters||Global Village Tech Park, |
|Revenue||₹10,520 crore (US$1.4 billion)  (2022)|
|₹1,953.5 crore (US$260 million)  (2022)|
|₹1,652.9 crore (US$220 million)  (2022)|
|Total assets||₹5,156.60 crore (US$680 million)  (2020)|
|Total equity||₹3,156.80 crore (US$410 million)  (2020)|
Number of employees
|23,814 (Mar 2021)|
|Parent||Larsen & Toubro (61.08%) |
Mindtree Ltd is an Indian multinational information technology services and consulting company, headquartered in Bangalore. It is a part of the Larsen & Toubro Group. Founded in 1999, the company employs over 23,000 employees.
The company deals in e-commerce, mobile applications, cloud computing, digital transformation, data analytics, Testing, enterprise application integration and enterprise resource planning, with more than 307 active clients and 43 offices in over 18 countries, as of 31 March 2019.
In August 1999, Mindtree Consulting Private Limited was founded by ten IT professionals, three of which invested through an entity incorporated in Mauritius. It was funded by the venture capital firms Walden International and Sivan Securities, and received further funding in 2001 from the Capital Group and Franklin Templeton.
It became a public company on 12 December 2006 and was listed on the Bombay Stock Exchange and National Stock Exchange. Its IPO debuted on 9 February 2007 and closed on 14 February 2007. The IPO was oversubscribed by more than a hundred times. Mindtree announced a new brand identity and logo, with the slogan "Welcome to possible" on 28 September 2012.
In 2012, Mindtree setup its first U.S. delivery center (USDC) in Gainesville, Florida, under the leadership of Scott Staples, co-founder and Global Head of Sales. As of 2017, the company has 43 offices in over 17 countries.
Larsen & Toubro (L&T), an infrastructure major and one of the largest conglomerates in India, took over control of Mindtree in June 2019 and currently has a 61.08% stake in the company. L&T's take over of Mindtree was described at the time as the first hostile takeover in the Indian IT industry.
In March 2020, Mindtree announced the appointment of Dayapatra Nevatia as COO with immediate effect. He joins the company from Accenture where he was the managing director as well as the director for delivery for advanced technology centers in India.
In April 2022, speculation arose that Mindtree and Larsen & Toubro Infotech will be merged.
Mindtree works in Application Development and Maintenance, Data Analytics, Digital Services, Enterprise Application Integration and Business Process Management, Engineering R&D, Enterprise Application Services, Testing, and Infrastructure Management Services.
The company offers various research and development services including Bluetooth Solutions, Digital Video Surveillance, an integrated test methodology called MindTest, an IT infrastructure management and service platform called MWatch, the application management service, Atlas, SAP Insurance and OmniChannel.
Mindtree's business is structured around clients in verticals such as Banking, Capital Markets, Consumer Devices & Electronics, Consumer Packed Goods, Independent Software Vendors, Manufacturing, Insurance, Media & Entertainment, Retail, Semiconductors and the Travel and Hospitality industry.
Mindtree's workforce includes thousands of employees who serve as Microsoft Azure outsourced support agents.
Mindtree has a total of 23,814 employees as of March 2021, of which 32% were women. Its workforce consists of employees from over 80 nationalities working from various offices around the globe. Out of its total workforce, 95% are software professionals and remaining 5% work in support and sales.
|Name||Acquisition date||Activities||Country of HQ||Price||Employees
|ASAP Solutions||2004||SAP & ERP||India & United States||NA||120|||
|Linc Software Services Pvt Ltd||2005||Application development and Maintenance domains for Mid-Range Systems||India||$7 million||220|||
|CoSystems||2005||Telecom (Captive Development Center – Indian division)||United States||₹ 10 million||20|||
|TES-Purple Vision||2007||Electronics(IC Design). Indian Division. Subsidiary of TES Electronic Solutions SA.||France||$6.55 million||150|||
|Aztecsoft||2008||Product engineering and Testing services company. Aztecsoft had previously acquired Disha Technologies, a testing company, in 2004.||India||₹ 40 million||2200|||
|Kyocera Wireless India Pvt Ltd||2009||Wireless services. Indian R&D Division||Japan||$6 million||600|||
|7Strata||2010||Remote infrastructure management services||India||₹ 7.2 million||90|||
|Discoverture Solutions LLC||Jan 2015||Property and Casualty Insurance||United States||$15 million||300|||
|Bluefin Solutions Limited||July 2015||IT solutions, SAP HANA solutions||United Kingdom||£42.3 million|||
|Relational Solutions Inc||July 2015||IT solutions — CPG||United States||$10 million|||
|Magnet 360||Jan 2016||Salesforce consulting||USA||$50 million||100|||
|Mindtree Software (Shanghai) Co. Ltd||China|
|Bluefin Solutions Limited||United Kingdom|
|Bluefin Solutions Inc.||United States|
|Bluefin Solutions Sdn Bhd||Malaysia|
|Bluefin Solutions Pte Ltd||Singapore|
Mindtree Foundation is a unit of Mindtree that works towards improving the lives of people with disabilities and the enhancement in the quality of primary education. Mindtree Foundation was incorporated on 20 November 2007 under section 25 of Companies Act. Mindtree's employees, assistive technologies and associations with NGOs led to the following: