Mind Tree

Ashok Soota Chairman & MD, MindTree

Founded August 18,1999

Headquarters Bangalore, India

Key people Ashok Soota, Executive ChairmanSubroto Bagchi, Co-Chairman and GardenerKrishnakumar Natarajan, CEO and MDS Janakiraman, President & CEO - R&D Services

Industry Computer Services

Revenue ▲$ 269.1 million USD

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

The MindTree FoundersAshok Soota, Chairman & Chief Executive OfficerSubroto Bagchi, Vice Chairman and President, AmericasN. Krishna Kumar, Vice Chairman and President, Europe & AsiaS. Janakiraman, President - Technology BusinessAnjan Lahiri, Senior Vice-President - Delivery and OperationsKalyan Banerjee, Vice-President - DevelopmentRostow Ravanan, Head - Finance Industry PracticeKamran Ozair, Senior Vice-President, Wireless Practice and Chief Technology OfficerScott D. Staples, Senior Vice-President, Sales & Marketing

N.S. Parthasarthy, Vice-President, Engineering

Founders of MindtreeChairman and managing director of MindTree Ltd., Ashok Soota

co-founded the company in August 1999 along with nine other industry professionals.

•Ashok Soota 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.• 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.

•Soota began his career in 1965 with the Shriram Group of Industries in India.•Soota 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 Council of World Intellectual Property Organization in Geneva.•Soota 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.

About Ashok Soota

Ashok Soota

Title:MindTree Executive Chairman Ashok Soota

Caption:

MindTree Executive Chairman Ashok Soota (3 L) and the company's other nine co-founders pose for a photograph as they celebrate their 10th anniversary at the MindTree office in Bangalore on August 20, 2009. The company was ranked as one of the top IT Services exporters by the National Association of Software and Services Companies (NASSCOM) for 2008-09 with over 250 customers from the Global 2000 companies.

Ashok SootaExecutive Chairman

Krishnakumar NatarajanCEO and Managing Director

Vinod DeshmukhPresident and CEO, R&D Services

Ashok KrishnamoorthyPresident and CEO, Software Product Engineering

Parthasarathy N.S.CEO, Independent Testing & IMTS

Samartha Raghava NagabhushanamPresident and CEO, Wireless Products (Next in Mobility)             

Subroto BagchiVice Chairman and Gardener

S. Janakiraman ("Jani")President and Group CEO, Product Engineering Services

Anjan LahiriPresident and CEO, IT Services

Scott StaplesPresident and CEO, Knowledge Services

Kamran OzairExecutive Vice President and Chief Technology Officer (CTO)

Founded in 1999, MindTree as an entity is still in its infancy. Yet the experience of the MindTree management team in building large professional service organizations extends back over twenty years.

Important People In Mindtee

•MindTree Limited 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). •It 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.•MindTree 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.•MindTree has been involved in the creation of Bluetooth technology and is an Associate Member of the Bluetooth Special Interest Group. Its Bluetooth protocol stack is licenced to NEC.

About Mindtree

•On September 29, 2009, Mindtree agreed to buy Bangalore-based Kyocera Wireless India Pvt Ltd and make an upfront payment of $6 million

"Deliver business-enabling solutions and technologies by creating partnerships with our customers in a joyous environment for our people."

Vision And Mission Mission

“to diversify ourselves, not only by our culture, but also by our people.”

Vision

Sound Management Skills

Nurturing Working Atmosphere

Commitment To Values, Speed ,Imagination and Excellence

Personnel Management

Infrastructure

Key Success Factors

Services

IT Services- Key Industries -Travel and TransportationManufacturing (Consumer Goods, Automotive and Pharmaceuticals)Banking and Financial ServicesCapital MarketsHigh techInsuranceMulti Markets (Retail, Media)R&D Services- Markets -AutomotiveCommunication SystemsConsumer Appliances and Computer PeripheralsIndustrial SystemsMedical ElectronicsStorage and Computing SystemsMulti Markets (Avionics)- Licensable IP Offerings -Bluetooth (Software Stack and Baseband)SBC (Bluetooth low-complexity Sub-Band Codec)Product Engineering ServicesIndependent TestingInfrastructure Management and Tech. SupportKnowledge Service (KPO)

Market Environment

• Globalization, Deregulation andConsolidation are changingbusinesses fundamentally

• Financial markets areintegrated and capital flowsglobally

• Increasing competition fromdeveloping economies

• India and China are creating large markets

Employee attraction and retention •Innovative HR practices

•World class training program and infrastructure

• Knowledge Management

• World class physical infrastructure

• Employee Stock Option Plan

• Employer of choice in India

Period Ending Sep-2009 Jun-2009

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

Turnover and Profit

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

Price ChartsBrief Financials (in Rs. Mn.)

Industry Computer Services

Revenue ▲$ 269.1 million USD

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

MindTree Consulting Revenue break-up Sales

Asia PacificEuropeUS

•Arcelor Mittal•Broadcom•American Airlines•ANZ•AOL•Avis Budget Group•Cadence•CISCO•CCH•Crate&Barrel•EMC2•Franklin Templeton•Google

•Kodak•Microsoft•NFL•P&G•Renault Trucks•Shinsei Bank•SITA•SIEMENS•SONY•Symantec•Texas Instruments•Unilever•United Technologies•Yahoo

ur Clients•We have partnered with our clients on over 165 engagements. A sample of our clients include:

Our Clients

•Adexa•Analog•ARM•BEA Systems•Borland•Bluettooth SIG•Hewlett Packard•IBM•Intel•Microsoft•SAP

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

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

Offices and LocationsBesides 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, McLean, Denver, Mumbai, Chennai, Frankfurt, London, Cologne, Singapore, Tokyo, Sharjah, Miami, Sydney and Sweden.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

MindTree in the UKMindTree established its office in London in theUK in 2003, which is its European headquarters.The EU today contributes approximately 22 percent to the company’s revenues. Some of the majorclients of the company in the UK are Royal Mail,Imperial Tobacco and Unilever.The company hasleveraged its London (UK) office to establishrelationships with companies in continental Europeand penetrated the EU.The company has extensiveoperations in the Nordic region, Switzerland,Netherlands, Germany, France and Belgium.

MindTree in other European countriesIn the EU, MindTree has opened two more officesi.e. in Germany (Frankfurt and Munich).The basicobjective of the company is to tap the potentialavailable in the market. It has been witnessinggrowth of its operations in France and hasestablished strong presence in Switzerland

Future PlansIncreasing its European PresenceThe EU has an economy which is approximatelythe same size as that of the US economy butMindTree has only 22 per cent of its businesscoming from the EU.The company views the EUas central to its growth plans and its objectiveis to increase its share of business in the EU.It has plans to invest in opening new officesto increase its business in the EU.Knowledge Enhancement PlansMindTree plans to leverage its ongoing associationwith the UK Trade & Investment Body to furtherunderstand the EU market and penetrate it.Thecompany has plans to participate in the variousindustrial conferences to showcase its strengthsand gain new clients.This plan of action will bea part of its brand-building exercise in the EU

AchievementsMindTree 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 2008MindTree 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 Governance Practices at The National Award for Excellence in Corporate Governance 2007.

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

Conclusion