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Mar 20, 2012, 10.53 AM IST | Source: CNBC-TV18

MindTree geared up for further mgmt changes in Q1FY13

Chairman-elect Subroto Bagchi told CNBC-TV18 that another round of managerial and organisational changes will happen in the first quarter of FY13.

Subroto Bagchi, Chairman, Mindtree

It's been less than a month since MindTree rejigged its top management. But the mid-cap IT company doesn't seem to be finished yet. Chairman-elect Subroto Bagchi told CNBC-TV18 that another round of managerial and organisational changes will happen in the first quarter of FY13.

“We expect for a lot of long-acting changes for MindTree, not just tomorrow, not just day after, but on a continuous basis,” he said.

He says that one must look at changes that impact the brand, the leadership and infrastructure creation of the company. “We should look at changes that will actually help us from being a culture-led organisation to one which is expertise-led, but culture backed,” he said.

Mindtree stock price

On October 23, 2014, Mindtree closed at Rs 1057.05, up Rs 12.50, or 1.20 percent. The 52-week high of the share was Rs 1246.05 and the 52-week low was Rs 649.20.


The company's trailing 12-month (TTM) EPS was at Rs 54.23 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 19.49. The latest book value of the company is Rs 210.88 per share. At current value, the price-to-book value of the company is 5.01.

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