Mindtree

Mindtree
Company typePublic
ISININE018I01017
IndustryInformation technology
Consulting
Outsourcing
Founded18 August 1999; 25 years ago (1999-08-18)
FounderAshok Soota
Subroto Bagchi
Krishnakumar Natarajan
Parthasarathy NS
Scott Staples
Anjan Lahiri
Kalyankumar Banerjee
Janakiraman
Kamran Ozair
Rostow Ravanan
Defunct2022
FateMerged with Larsen & Toubro Infotech (LTI)
SuccessorLTIMindtree
HeadquartersGlobal Village Tech Park, ,
India
Area served
Worldwide
Key people
RevenueIncrease 10,520 crore (US$1.3 billion)[3] (2022)
Increase 1,953.5 crore (US$230 million)[3] (2022)
Increase 1,652.9 crore (US$200 million)[3] (2022)
Total assetsIncrease 5,156.60 crore (US$620 million)[4] (2020)
Total equityDecrease 3,156.80 crore (US$380 million)[4] (2020)
Number of employees
38,518 (July 2022)
ParentLarsen & Toubro (61.08%)[5]
Websitewww.mindtree.com

Mindtree Limited was an Indian multinational information technology services and consulting company, headquartered in Bangalore. Mindtree was acquired by Larsen & Toubro in 2019, before being merged with L&T Infotech (LTI) in 2022 to form LTIMindtree.[6][7][8]

The company had business interests in e-commerce, mobile applications, cloud computing, digital transformation, data analytics, testing, enterprise application integration, and enterprise resource planning. Mindtree had more than 307 active clients and 43 offices in over 18 countries, as of 31 March 2019.[8][9]

  1. ^ "Mindtree Leadership". The Times of India. 18 January 2016. Archived from the original on 19 January 2016. Retrieved 18 January 2016.
  2. ^ "mindtree-appoints-cognizant-s-debashis-chatterjee-as-new-ceo". livemint. Archived from the original on 5 August 2019. Retrieved 5 August 2019.
  3. ^ a b c "Mindtree Profit & Loss account, Mindtree Financial Statement & Accounts". www.moneycontrol.com. Retrieved 25 June 2020.
  4. ^ a b "Mindtree Consolidated Balance Sheet, Mindtree Financial Statement & Accounts". www.moneycontrol.com. Retrieved 25 June 2020.
  5. ^ Cite error: The named reference parent was invoked but never defined (see the help page).
  6. ^ "IT major Mindtree joins $1-billion club". The Hindu. 17 April 2019. Archived from the original on 17 April 2019. Retrieved 17 April 2019.
  7. ^ "Mindtree Crosses $1 Billion in Annual Revenue". Mindtree. Archived from the original on 22 April 2019. Retrieved 22 April 2019.
  8. ^ a b "Mindtree Q4 net rises 4% to ₹206 cr". Livemint. 24 April 2020. Retrieved 12 May 2020.
  9. ^ "Top 15 Best Embedded Companies In India 2023 - Inventiva". 3 March 2023. Retrieved 14 March 2023.