OverviewSuggest Edit

Mindtree is a global technology consulting and services company. It offers services in the areas of analytics and information management, application development and maintenance, business process management, business technology consulting, cloud, independent testing, infrastructure management services, mobility, product engineering, and SAP services. The company operates in four segments: Retail, CPG and Manufacturing (RCM), Banking, Financial Services and Insurance (BFSI), Travel and Hospitality (TH), and High Technology and Media (Hi-tech).

TypePublic
Founded1999
HQBengaluru, IN
Websitemindtree.com
Employee Ratings3.9
Overall CultureD

Latest Updates

Employees (est.) (Mar 2019)20,204(+14%)
Revenue (FY, 2019)₹70.2 B(+29%)
Share Price (Nov 2021)₹4.8 K
Cybersecurity ratingBMore
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Key People/Management at Mindtree

Debashis Chatterjee

Debashis Chatterjee

Chief Executive Officer and Managing Director
Vedavalli Sridharan

Vedavalli Sridharan

Company Secretary
Rostow Ravanan

Rostow Ravanan

CEO and Managing Director
Jayant Damodar Patil

Jayant Damodar Patil

Non-Executive Director
Ramamurthi Shankar Raman

Ramamurthi Shankar Raman

Non-Executive Director
Chandrasekaran Ramakrishnan

Chandrasekaran Ramakrishnan

Independent Director
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Mindtree Office Locations

Mindtree has offices in Bengaluru, Bhubaneswar, Chennai, Hyderabad and in 34 other locations
Bengaluru, IN (HQ)
Mysore Rd, RR Nagar
Bengaluru, IN
#150, EPIP 2nd phase, Shivaji Nagar, KIADB Export Promotion Industrial Area, Whitefield
Bengaluru, IN
IBM India Pvt Ltd, G1 Block Manyata Embassy, Outer Ring Rd, Manayata Tech Park, Nagavara
Bhubaneswar, IN
Plot No. 1, Chandaka Industrial Estate, Patharagadia
Chennai, IN
Ramanujan IT City, Rajiv Gandhi Salai (OMR), Tharamani
Hyderabad, IN
Block No. 6 Divyasree Orion SEZ North Tower 66/1 Accenture Ranga Reddy District Gachibowli Raidurgam, Madhura Nagar Colony
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Mindtree Financials and Metrics

Mindtree Revenue

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Mindtree's revenue was reported to be ₹70.22 b in FY, 2019 which is a 28.5% increase from the previous period.
INR

Revenue (Q1, 2020)

18.3b

Gross profit (Q1, 2020)

4.4b

Gross profit margin (Q1, 2020), %

24%

Net income (Q1, 2020)

927.0m

EBIT (Q1, 2020)

1.2b

Market capitalization (10-Nov-2021)

788.2b

Closing stock price (10-Nov-2021)

4.8k

Cash (30-Jun-2019)

1.9b

EV

792.0b
Mindtree's current market capitalization is ₹788.2 b.
Annual
INRFY, 2017FY, 2018FY, 2019

Revenue

52.4b54.6b70.2b

Revenue growth, %

4%29%

Cost of goods sold

36.5b38.2b48.0b

Gross profit

15.9b16.4b22.2b
Quarterly
INRQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

13.3b13.0b13.0b12.9b13.3b13.8b16.4b17.6b17.9b18.3b

Cost of goods sold

9.1b9.1b9.0b9.4b9.5b9.5b11.2b12.0b12.2b13.9b

Gross profit

4.1b3.8b4.0b3.5b3.8b4.3b5.2b5.5b5.7b4.4b

Gross profit Margin, %

31%30%31%27%29%31%32%32%32%24%
Annual
INRFY, 2017FY, 2018FY, 2019

Cash

2.5b3.3b2.6b

Accounts Receivable

9.0b10.2b13.4b

Prepaid Expenses

1.1b912.0m937.0m

Current Assets

20.6b25.0b27.7b
Quarterly
INRQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

1.8b1.4b1.1b2.0b1.6b1.2b1.8b1.7b1.6b1.9b

Accounts Receivable

9.5b9.3b10.0b8.1b9.2b10.4b12.1b13.0b13.4b13.2b

Prepaid Expenses

893.0m703.0m611.0m766.0m609.0m537.0m804.0m673.0m496.0m766.0m

Current Assets

18.0b18.0b19.1b21.3b21.4b22.7b24.6b25.8b27.2b28.2b
Annual
INRFY, 2017FY, 2018FY, 2019

Net Income

4.2b5.7b7.5b

Depreciation and Amortization

1.8b1.7b1.7b

Accounts Payable

(271.0m)176.0m423.0m

Cash From Operating Activities

6.5b5.6b6.4b
Quarterly
INRQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

1.2b2.2b3.2b1.2b2.5b3.9b1.6b3.6b5.6b927.0m

Depreciation and Amortization

468.0m925.0m1.4b456.0m908.0m1.3b400.0m803.0m1.3b436.0m

Accounts Payable

(206.0m)(230.0m)(213.0m)13.0m34.0m61.0m519.0m434.0m444.0m222.0m

Cash From Operating Activities

1.8b3.0b4.7b1.9b2.1b3.8b114.0m1.9b4.8b1.9b
INRQ1, 2017

Financial Leverage

1.3 x
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Mindtree Operating Metrics

FY, 2017FY, 2018FY, 2019

Countries

171818

Offices

424543

Centers of Excellence

286

Active Clients

328338349
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Mindtree Acquisitions / Subsidiaries

Company NameDateDeal Size
Bluefin Solutions Inc.
Bluefin Solutions Pte Limited
Bluefin Solutions Sdn Bhd.
Mindtree Software (Shanghai) Co. Ltd

Mindtree Revenue Breakdown

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Mindtree revenue breakdown by business segment: 22.0% from Banking, Financial Services and Insurance, 22.3% from Retail, Consumer Packaged Goods and Manufacturing, 16.4% from Travel and Hospitality and 39.3% from High Technology and Media

Mindtree revenue breakdown by geographic segment: 19.0% from Europe, 73.3% from America and 7.7% from Other

Mindtree Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Mindtree Online and Social Media Presence

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Mindtree Company Culture

  • Overall Culture

    D

    58/100

  • CEO Rating

    C-

    63/100

  • Compensation

    D

    50/100

  • Diversity

    D

    57/100

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Mindtree News and Updates

Mindtree Launches Digital Health Passport for Travel to Improve Traveler Experience and Safety

WARREN, N.J. and BANGALORE, India, Nov. 1, 2021 /PRNewswire/ -- Mindtree, a global technology services and digital transformation company, today launched Digital Health Passport for Travel, a solution that provides a smarter, safer and smoother experience to global travelers in navigating...

Mindtree Launches Industry-Specific IoT Solutions Built on ServiceNow Connected Operations

Solutions will help manufacturing and consumer goods enterprises to proactively solve issues and drive cross-organizational action WARREN, N.J. and BANGALORE, India, Oct. 25, 2021 /PRNewswire/ -- Mindtree, a global technology services and digital transformation company, today announced an...

Western Asset Selects Mindtree as a Strategic Partner to Drive Enterprise Innovation and Transform IT Services

BANGALORE, India and WARREN, N.J., Oct. 20, 2021 /PRNewswire/ -- Mindtree, a leading digital transformation and technology services company, announced today that it has been selected as a strategic partner by Western Asset, one of the world's leading active fixed-income investment...

US headquartered Ignitho names former Mindtree exec as CTO; to exponentially grow its Data Engineering and Cloud Capabilities

NEW YORK and CHENNAI, India, Oct. 18, 2021 /PRNewswire/ -- Ignitho Technologies, a US headquartered digital engineering company, has named former Mindtree executive, Ashin Antony, as its CTO. Ashin brings to Ignitho two decades of technology leadership experience and was with Mindtree for...

Mindtree Q2 Review - Robust Revenue Growth; Efficient Execution To Aid Margin Expansion: Axis Securities

Mindtree Q2 Review - Robust Revenue Growth; Efficient Execution To Aid Margin Expansion: Axis Securities

Mindtree Reports Strong All-Round Performance in Q2 FY22

BANGALORE, India and WARREN, N.J., Oct. 13, 2021 /PRNewswire/ -- Mindtree, a global technology services and digital transformation company, announced its consolidated results today for the second quarter ended September 30, 2021, as approved by its Board of directors. "We are pleased to...
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Mindtree Blogs

The Next Frontier for Enterprises: Moving to a Product IT Operating Model

The Next Frontier for Enterprises: Moving to a Product IT Operating Model swetha.ganesan Fri, 12/06/2019 - 09:57 December 2019 The Next Frontier for Enterprises: Moving to a Product IT Operating Model Description In the world of technology,…

Broadcast Operations on Cloud

jithil.g Thu, 12/05/2019 - 12:43 Broadcast Operations on Cloud Content and consumers will drive the business Broadcasters are catering to an ever-increasing consumer demand for high-quality content which needs to be served at speed and scale across multiple devi…

Cloud Operations for Media

jithil.g Thu, 12/05/2019 - 11:38 Cloud Operations for Media Content demand leading to higher Cloud adoption Media companies like publishers, broadcasters, cable networks, and OTT platforms are catering to an ever-increasing consumer demand for high-quality conte…

Content Supply Chain Engineering

jithil.g Thu, 12/05/2019 - 10:43 Content Supply Chain Engineering The media industry is grappling with content surge Media companies like publishers, broadcasters, cable networks and OTT platforms are in a race to provide differentiated and personalized content …

Quality Assurance for OTT Providers

jithil.g Thu, 12/05/2019 - 10:25 Quality Assurance for OTT Providers The OTT state of affairs Traditional video service providers are shifting to direct-to-consumer models by launching their own OTT services. They are doing this by embracing digital transformati…

Companies go beyond lip service to support the challenged

Companies go beyond lip service to support the challenged swetha.ganesan Wed, 12/04/2019 - 07:16 December 2019 Companies go beyond lip service to support the challenged Description At Mindtree, there are at least 11 differently abled people…
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Mindtree Frequently Asked Questions

  • When was Mindtree founded?

    Mindtree was founded in 1999.

  • Who are Mindtree key executives?

    Mindtree's key executives are Debashis Chatterjee, Vedavalli Sridharan and Rostow Ravanan.

  • How many employees does Mindtree have?

    Mindtree has 20,204 employees.

  • What is Mindtree revenue?

    Latest Mindtree annual revenue is ₹70.2 b.

  • What is Mindtree revenue per employee?

    Latest Mindtree revenue per employee is ₹3.5 m.

  • Who are Mindtree competitors?

    Competitors of Mindtree include Cognizant, Wipro and Tech Mahindra.

  • Where is Mindtree headquarters?

    Mindtree headquarters is located at Mysore Rd, RR Nagar, Bengaluru.

  • Where are Mindtree offices?

    Mindtree has offices in Bengaluru, Bhubaneswar, Chennai, Hyderabad and in 34 other locations.

  • How many offices does Mindtree have?

    Mindtree has 44 offices.