Annuals

Mindtree Consulting

DQI Bureau

31 Jul 2005 00:00 IST

New Update

- Acquires Linc Software;

- Joins ARM's Approved Design Center Program to increase ARM's design
and implementation resources

l Chairman & MD: Ashok Soota l Start-up year:
1999 l Products &
Services: Software services, application development, offshore development,
software testing and IT consultancy l Employees: 2016 l Branches: 15 l Address:

42, 27th Cross, Banashankari, II stage, Bangalore 560070 l Tel: 26711777 l Fax:

26714000 l Website: www.mindtree.com

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The exodus, which Ashok Soota led from Wipro to form Mindtree six years ago,
has coalesced into a seasoned management team and employees skilled in
technology, business analysis and project management approach. Bangalore-based
Mindtree grew a record 87% in FY 2004-05, more than double the industry average.
Revenues from traditional strong market, USA, dropped from 68% to 63% in FY
2004-05, while Europe remained stable at 21% of total exports. Also, the company
ramped up its off shore business to 57% compared to 52% in the previous year .